PRESS DIGEST-Canada - Sept 28

Reuters
·1 min read

Sept 28 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

** Avidbots Corp, which makes commercial floor-scrubbing robots, said it has raised $70 million in new equity, marking one of the biggest financing rounds for a Canadian startup in recent months as the tech sector grapples with a prolonged downturn.

** The Canada Infrastructure Bank has launched a C$500 million ($364 million) program to triple the number of electric vehicle charger stations in Canada, the latest in a string of investments that has seen the Crown corporation invest C$7.6 billion in 40 projects.

NATIONAL POST

** Shopify Inc, Canada's largest e-commerce company, announced Tuesday that it will start selling new hardware for brick-and-mortar retailers, as it attempts to recover from an overly aggressive bet on the speed at which the economy would move online.

** The federal New Democratic Party want the government to look into Canada’s major grocery chains to find out whether corporations have been taking advantage of inflation to turn a profit amid rising food prices. ($1 = 1.3744 Canadian dollars)

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