News Summary

A coalition of companies and organizations in Canada is launching the inaugural Source Canada conference to promote the procurement of Canadian technology. Scheduled to take place in Toronto on October 22, the summit will feature 150 CEOs and 50 enterprise buyers engaging in meetings and workshops. The event is backed by notable sponsors including OMERS Ventures, RBCx, Deloitte, and supported by entities such as TMX, CCI, NGen, York University’s Schulich School of Business, Aptum, Highline Beta, and Luge Capital. Source Canada founder Raymond Luk emphasized the potential of Canada’s private sector as a growth driver, noting the country’s below-average investment in research and development among OECD countries. The summit aims to reduce dependency on American technologies amidst ongoing trade tensions and follows recent initiatives to increase government procurement of Canadian tech.