Articles for category: Tech

October 29, 2025

Bay St Signal Editors

AWS Canada’s Eric Gales To Keynote Future Summit

Amazon Web Services is setting the terms on AI sovereignty. Eric Gales will open Future Summit 2025 in Calgary on November 18. That puts a U.S. cloud giant at the mic while governments still argue over rules. The squeeze lands on Canadian data centre builders and small cloud vendors that do not have AWS’s scale. Foreign Cloud In The Room AWS already planted the flag. In 2023 they opened an isolated data center with independent power, cooling, and security in Calgary. That gave better cloud infrastructure to Alberta and faster service. AWS says it will invest up to C$24.8 billion

October 28, 2025

Bay St Signal Editors

Celestica Posts Strong Q3, Reappoints Laurette Koellner

Celestica beat Q3 on revenue and profit, and raised its outlook again. That locks in bigger orders from its largest customers into 2026. The Toronto maker of data centre gear reported US$3.19 billion in Q3 revenue, up 28 percent, with adjusted EPS at US$1.58. It lifted 2025 revenue guidance to US$12.2 billion and set a 2026 target of US$16.0 billion. That scale gives management more pull in parts and freight, and keeps plants booked through next year. Raised Outlook Into 2026 Management said demand from its biggest customers, who are pouring money into AI data centres, supports that 2026 plan

October 23, 2025

Bay St Signal Editors

Meridian Taps Conquest To Scale Advice

Meridian is turning Conquest’s AI planner into the front door for member advice. That can lift engagement and product depth, if integration and incentives land. On October 21, 2025 Meridian unveiled OnYourWay, a planning experience that embeds Conquest and Personetics inside mobile and branch workflows, not a sidecar app. The move leans on Meridian’s size as Ontario’s largest credit union and Canada’s second largest, a base that gives distribution and immediate data exhaust to train the looped experience.  Wire Up The Funnel The bet is simple. Put planning at the top of every session, then route members to actions, products,

October 20, 2025

Bay St Signal Editors

Europe’s AI Autonomy Meets Canada’s Device Push

Europe is hardening AI policy to avoid dependency, with the Commission’s Apply AI Strategy emphasising competitiveness, open source, and a buy‑European procurement tilt. Recent coverage framed the risk as a “tech colony” outcome. The question is, is it time for Cananda to do the same? Tighten Procurement, Control Infrastructure Brussels can move procurement, funding, and standards, which shifts buyer behaviour faster than subsidies alone. The Apply AI page explicitly promotes a buy‑European approach for public bodies, which creates enforceable demand signals for domestic vendors. That lever works only if compute and data infrastructure sit under European control, with clear security

October 16, 2025

Bay St Signal Editors

Constellation Context As Nuvini Guides 2025 EBITDA

Nuvini’s FY2025 outline is small in absolute terms but relevant in kind for vertical market software, with management guiding to roughly R$50 to R$60 million of EBITDA ex M&A and explicitly framing a Constellation‑style compounding model in Latin America. The disclosure gives another read on private acquisition pricing, retention and cash conversion in the VMS roll‑up niche that Constellation Software scaled globally. Brazil rollups rarely register in TSX screens. See the primary Nuvini guidance release.  Assess Nuvini’s Guidance Against CSU Economics Start with what is comparable. Nuvini stresses high retention, cash conversion above 65 percent and accretive deal multiples, then

October 15, 2025

Signal Editorial

Brookfield Expands Credit, Commits $5 Billion to AI

Brookfield Asset Management moved on two fronts on October 13, 2025, announcing a plan to acquire the remaining 26 percent of Oaktree and, separately, a 5 billion strategic partnership with Bloom Energy to power AI data centres with onsite fuel cells, both framed as accretive to fee earnings and platform scale. In the AI initiative, Bloom becomes the preferred onsite power provider for Brookfield’s planned AI factories, with a first European site expected to be named this year, and Brookfield characterizes this as the first investment from its dedicated AI infrastructure strategy. The Oaktree agreement totals about 3 billion, split

October 10, 2025

Bay St Signal Editors

Six Months of Execution Risk as Telesat Readies Lightspeed

Revenue is down, but the build continues. Through the next six months, scenario analysis suggests Telesat’s equity story hinges on two clocks, the cash draw on its government and vendor facilities and the cadence of MDA’s Lightspeed production line feeding SpaceX’s 2026 launch campaign.  In the June, management reiterated full year revenue of roughly four hundred five to four hundred twenty five million dollars and consolidated adjusted EBITDA of one hundred seventy to one hundred ninety million, while flagging nine hundred to one thousand one hundred million in capex that is almost entirely Lightspeed related, numbers that imply a period

October 9, 2025

Bay St Signal Editors

BCE’s Reset Year Trades Modest Losses for Balance Sheet Room

A dividend reset that once felt unthinkable defined BCE’s year to date. Price discovered the new reality quickly, then settled into rangebound trade that reflects improved balance sheet durability and lingering regulatory overhang. In May, management cut the annual dividend to 1.75 dollars, roughly half the prior 3.99 dollars, alongside guidance that favoured deleveraging and a slower domestic fibre build while pursuing U.S. fibre exposure through Ziply, and that decision reframed the equity from yield vehicle to transition story almost overnight.  “We have made the appropriate decision to adjust our annualized dividend,” said Mirko Bibic, president and CEO.  Scenario analysis

October 4, 2025

Signal Editorial

Canadian Stocks Surge to New Heights Despite Economic Headwinds, Powered by Shopify’s AI-Fueled Rally

Canada’s stock market delivered an impressive performance on Friday, with Toronto’s benchmark S&P/TSX Composite Index climbing 311 points—a full 1%—to close at 30,471.68. The milestone marked the index’s sixth consecutive day of gains and set yet another record high, surpassing the previous peak reached just 24 hours earlier. Over the full trading week, the TSX advanced a robust 2.4%. The rally came despite troubling signals from Canada’s real economy. Fresh data revealed that the country’s services sector—which encompasses everything from restaurants to professional services—contracted more sharply in September than expected. Businesses cut jobs, and the backlog of outstanding work plunged

September 29, 2025

Signal Editorial

Fintech Sector Braces for Expanded Access to the Canadian Payments Act

Canada’s financial sector is entering a new era of innovation as amendments to the Canadian Payments Act expand access to Payments Canada’s systems. These changes open the door for non-bank payment service providers and credit unions to participate directly in national payment infrastructure for the first time. This expanded access will accelerate fintech growth by levelling the playing field and fostering more competition across the industry. By allowing a wider range of regulated entities to connect directly to core systems such as Lynx and the forthcoming Real-Time Rail, the updated framework supports faster, more efficient, and more transparent transactions. It also gives fintechs the