Technology

The Week in Canadian Press Releases: 10 Stories You Need to See

Published

1 year ago

December 27, 2024

A roundup of the most newsworthy press releases from Cision Distribution this week

TORONTO, Dec. 27, 2024 /CNW/ – With thousands of press releases published each week, it can be difficult to keep up with everything on Cision. To help journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

MNP WELCOMES 21 BDO CANADA OFFICES, PARTNERS, TEAMS, ACROSS FOUR PROVINCES
MNP and BDO, two of Canada’s leading professional services firms, announced today that MNP will acquire a select number of BDO’s Canadian offices, partners and team members, effective December 31, 2024. In total, 21 BDO Canada offices, with more than 40 partners and 420 team members will join MNP. The transaction will include selected locations in B.C., Alberta, Ontario and P.E.I.; provinces where both firms have offices. A list of the selected offices can be found below. MNP’s business model is designed to support its clients, team members and communities with a locally focused approach. National Bank receives final approval to proceed with the acquisition of Canadian Western Bank
“This is a fantastic outcome for our clients, our teams and the communities in which we operate. We’re excited to join forces with National Bank to offer our clients access to a more comprehensive product and service platform on a national scale. We look forward to continuing to support our clients with the same highly personalized service and regional expertise we’ve always been known for,” said Chris Fowler, President and CEO of CWB. Following this last remaining approval, National Bank and CWB will work together to ensure a smooth transition to National Bank for CWB clients and employees, who will receive additional information shortly, as both banks work towards completing the transaction.BC Ferries Announces Discussions with Bondholders
Following its conversations, BC Ferries has received feedback from such bondholders and is considering the launch of a formal consent and proxy solicitation to amend the MTI which would be conducted pursuant to the process required by the MTI. It is also expected that if such a consent and proxy solicitation were to be launched, it would likely include the offering of a work consent fee in accordance with standard market practice for such transactions. This notice does not represent a notice of the launch of a consent solicitation, proxy solicitation or bondholder meeting and does not provide any assurance that such a process or transaction will be executed.Payfare Enters into Definitive Agreement to be Acquired by Fiserv
“Our Board conducted a thorough strategic review process together with our financial advisors, having evaluated numerous acquisition, commercial partnership, and other opportunities, and concluded that the Transaction is in the best interests of the Company, its various stakeholders and its shareholders with certainty of value with an all-cash offer,” said Marco Margiotta, Payfare CEO, and Founding Partner. “This Transaction represents tangible recognition of the value and strength of what Payfare has built as we embark on this exciting new chapter.”UHN Announces Purchase of 522 University Avenue
University Health Network (UHN), Canada’s leading research hospital, is growing to meet the health care needs of the future. Today, UHN announced the purchase of 522 University Avenue, a 15-storey building located at the southwest corner of University Avenue and Elm Street in the heart of Toronto’s Discovery District. The newly acquired property will support the expansion of UHN programs in cancer care, research and education at UHN’s Princess Margaret Cancer Centre and Toronto General Hospital. The building will also serve as another important training ground for health care learners from UHN’s Michener Institute of Education and partner academic institutions.Tentative agreement reached between UCCO-SACC-CSN, the Treasury Board and Correctional Services Canada
After a long and arduous bargaining round that has lasted for just over 2 years, the UCCO-SACC-CSN bargaining committee has managed to register some significant gains for the members it represents. Salary wise, the members of UCCO-SACC-CSN will receive a 15,73% over 4 years. Additionally, our members will be receiving a pensionable 6365$ yearly allowance beginning June 1st, 2025, and a prorated 6240$ allowance on the date of signature. The total monetary package represents approximately a 23% monetary increase for our members working within the institution. Paladin Completes the Acquisition of Fission Uranium Corp.
Paladin Energy Ltd (ASX: PDN) (OTCQX: PALAF) (“Paladin”) and Fission Uranium Corp. (TSX: FCU) (OTCQX: FCUUF) (FSE: 2FU) (“Fission”) are pleased to announce the successful completion of Paladin’s acquisition of all of the issued and outstanding shares of Fission (the “Fission Shares”) by way of a court-approved plan of arrangement under the Canada Business Corporations Act (“Arrangement”) pursuant to the terms of the arrangement agreement among Fission, Paladin, and 1000927136 Ontario Inc. (the “Purchaser”) dated June 24, 2024, as amended on July 25, 2024 and August 29, 2024.Ontario Teachers’ Makes Investment in Omega Healthcare and Joins Private Equity at Goldman Sachs Alternatives as Co-Lead Investor
Ontario Teachers’ Pension Plan (“Ontario Teachers'”) makes investment in Omega Healthcare Management Services (“Omega” or “the Company”) and joins Private Equity at Goldman Sachs Alternatives as Co-Lead investors. Omega is a leading technology-enabled healthcare management solutions provider. Terms of the transaction were not disclosed. Omega Healthcare works with healthcare institutions to empower them to deliver exceptional care while enhancing financial performance. Omega aims to help its clients increase revenues, decrease costs, and improve the overall patient experience through their comprehensive portfolio of technology-enabled and clinically-led solutions.Vermilion Energy Inc. Announces Strategic Deep Basin Acquisition
The Acquisition enhances depth and quality of Vermilion’s Deep Basin inventory and complements the Company’s high-growth, liquids-rich Montney asset. Vermilion’s Canadian liquids-rich gas assets, combined with over 100 mmcf/d of high-netback, low-decline European natural gas production provides the Company with a premium realized natural gas price. Vermilion is committed to strategically growing its international assets both organically, as demonstrated by recent successes in Germany and Croatia, and via acquisitions. EDC welcomes new President and CEO Alison Nankivell
Ms. Nankivell has more than 25 years of experience in international investments and finance, strategic planning, and leading high performing teams through transformation, all of which will be invaluable as EDC continues evolving to meet Canadian businesses’ changing needs. She joins EDC from MaRS Discovery District, where she served as CEO. Prior to her role with MaRS, Ms. Nankivell held progressively senior investment and leadership roles at EDC and EDC’s sister financial crown corporation, BDC.

Read more of the latest releases from Cision, see our resources for journalists, and stay caught up on the top press releases by following @cnwnews.

About Cision Canada

Cision is a comprehensive communications platform enabling more than 100,000 public relations and marketing professionals around the world to understand, influence and amplify their stories. As the market leader, Cision enables the next generation of communication professionals to strategically operate in the modern media landscape where company success is directly impacted by public opinion. Cision has offices in 24 countries through the Americas, EMEA and APAC, and offers a suite of best-in-class solutions, including Newswire, Brandwatch, Cision Communications Cloud® and Cision Insights. To learn more, visit www.cision.ca and follow @CisionCA on Twitter.

SOURCE Cision Canada

Technology

In HelloNation, Custom Auto Expert Gecovey Coffman Breaks Down Brake Warning Signs

Published

2 minutes ago

April 20, 2026

AMARILLO, Texas, April 20, 2026 /PRNewswire/ — What do small changes in your vehicle’s braking behavior really mean? A HelloNation article featuring Gecovey Coffman of Coffman Customs helps drivers understand how early brake warning signs can prevent major repairs and improve safety on the road.

The article points out that many drivers ignore early signs like brake squealing or a slight change in pedal feel, assuming they’re harmless or temporary. But these signals often indicate worn brake pads or related issues that deserve prompt attention. When left unchecked, what begins as a small inconvenience can grow into a costly and potentially dangerous brake problem.

Brake squealing is among the most common early signals. According to the article, this high-pitched sound during light braking usually stems from worn brake pads or dust buildup. In Amarillo’s dry climate, dust is a regular factor in how brakes wear. The article explains that while occasional noise might be harmless, repeated or worsening squealing is one of the clearest brake warning signs to watch for.

Another issue the article explores is brake vibration. This can be felt through the pedal or steering wheel and is typically caused by uneven wear on the rotors. Brake vibration can worsen over time and reduce the driver’s ability to stop smoothly. The piece recommends brake inspection at the first sign of vibration to prevent further damage.

Pulling to one side when braking is another signal that may indicate uneven pressure or worn brake pads on a single wheel. The article explains how this imbalance can affect stability, especially in wet or dusty conditions, and is often overlooked until it impacts everyday driving.

The article also sheds light on the role of heat in brake wear. Stop-and-go traffic, frequent hard stops, and Amarillo’s shifting weather can all raise the temperature of brake components. This kind of repeated heat exposure increases the chances of brake squealing and accelerates the wear on pads and rotors alike.

The article emphasizes that a timely brake inspection can make a significant difference. It describes how inspections help identify wear patterns before they reach critical levels, limiting both cost and downtime. A standard brake inspection often includes checking for worn brake pads, measuring rotor thickness, and evaluating the condition of the brake fluid.

Speaking of brake fluid, the article notes that this is a frequently overlooked part of the system. Over time, brake fluid absorbs moisture, which can reduce its effectiveness and lead to a softer pedal feel. The piece stresses that brake fluid should be checked regularly, as degraded fluid contributes to inconsistent stopping power, particularly under heavy use.

Seasonal changes also play a role in brake behavior. The article explains that temperature fluctuations, especially during Amarillo’s cooler mornings and warmer afternoons, can cause brake materials to expand and contract. These shifts often make existing problems like brake squealing or brake vibration more noticeable.

Even with modern dashboard alerts in newer vehicles, the article encourages drivers not to rely solely on sensors. Physical feedback, like vibration, squealing, or pulling, often appears first. By recognizing and responding to these brake warning signs early, drivers can maintain safer and more reliable braking performance.

Ultimately, the HelloNation article promotes regular maintenance as the most effective way to prevent serious brake problems. A proactive approach, based on local driving conditions and vehicle feedback, protects both safety and the vehicle’s long-term reliability.

The article, When Your Brakes Are Telling You Something, features insights from Gecovey Coffman, Custom Auto Expert of Amarillo, TX, in HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-custom-auto-expert-gecovey-coffman-breaks-down-brake-warning-signs-302747736.html

SOURCE HelloNation

Technology

Sinai.ai Closes $1.45M Pre-Seed Round to Reimagine the Future of Reading

Published

2 minutes ago

April 20, 2026

The AI-native books platform backed by KAUST Innovation Ventures, DisrupTech Ventures, and a coalition of leading investors is transforming the way people read, bringing books to life as living, interactive aiBook™ experiences

SUNNYVALE, Calif., April 20, 2026 /PRNewswire/ — Sinai.ai, an AI-native books platform, today announced the close of its $1.45M pre-seed funding round, led by KAUST Innovation Ventures (KIV) and DisrupTech Ventures, with participation from Maza Ventures and YOUXEL Ventures, alongside a coalition of angel investors. The capital will fund proprietary tech, AI infrastructure, user acquisition, and licensing.

The $150 billion global book market has seen little innovation in format for decades. Sinai was built to change that. At the heart of the platform is the aiBook™, a trademarked, patent-backed book format built on 100% licensed, full-text content. Readers can converse with their book in real time, generate study guides and quizzes, access titles across multiple languages, and switch between reading and listening. Sinai is launching with thousands of titles, having already secured partnerships with double-digit publishers, including several prominent names in the industry.

Investor Perspectives

“We strongly believe that AI will fundamentally reshape a wide range of industries, and the book industry is long overdue for meaningful innovation. For over two decades, the core format of books has remained largely unchanged. What the Sinai.ai team is building introduces a truly new paradigm — transforming books into interactive, intelligent experiences where readers can engage, learn, and explore in entirely new ways. We are particularly excited about the team and their ability to execute on a vision that sits at the intersection of content, technology, and user experience. We are always proud to back Egyptian founders who are building category-defining companies and pushing the boundaries of innovation beyond local markets.”
— Mohamed El Sayed Okasha, DisrupTech Ventures

“What drew me to Sinai.ai is that they’re approaching a huge, old industry with respect and clarity. Publishing has been around for centuries, and for good reason, but much of how it operates hasn’t evolved at the pace of technology. Instead of trying to break it, Sinai.ai is working alongside it, using AI to modernize how books are created, produced, and distributed. That’s a harder path. It requires understanding the incentives of everyone involved and building something that fits into a real ecosystem, not just replacing it. But it’s also the more enduring one. The companies that last are often the ones that reshape industries from within, and Sinai.ai feels like it’s doing exactly that.”
— Tambi Jalouqa, Maza Ventures

About the Team

Sinai.ai was co-founded by five individuals: Ahmed Kamel (CEO), a serial tech entrepreneur with post-graduate studies in AI and innovation at Stanford; Mohamed Elshamy (CRO), Yale MBA, with experience at Google, McKinsey, and Meta; Mohamed Elshenawy (CTO), PhD in AI from the University of Toronto, and led AI teams in different ventures; Hana Malhas (CFO), University of Michigan MBA, with deep experience in creative industries; and Abdullah Moatasem (CCO), creative director with credits at Warner Bros., Netflix, and Disney+.

Media Contact
Hana Malhas
6692369534
412491@email4pr.com
www.sinai.ai

View original content to download multimedia:https://www.prnewswire.com/news-releases/sinaiai-closes-1-45m-pre-seed-round-to-reimagine-the-future-of-reading-302747713.html

SOURCE Sinai.ai Inc.

Technology

OpenTable Acquires Canadian Reservation Platform Libro, Expanding Presence in Quebec and Beyond

Published

2 minutes ago

April 20, 2026

SAN FRANCISCO, April 20, 2026 /PRNewswire/ — OpenTable, a global leader in restaurant technology, announced today that it has acquired Libro, a leading Canadian reservation and table management platform. With Libro currently serving thousands of restaurant partners in the region, the acquisition will strengthen OpenTable’s offering in Canada, specifically across Quebec.

By joining forces, OpenTable and Libro will combine industry-leading discovery, table management systems (TMS), and guest relationship tools to better serve the Canadian hospitality industry.

“Libro and OpenTable share a deep commitment to the success of local restaurants, making this a natural fit for both companies,” said Debby Soo, CEO of OpenTable. “By combining Libro’s localized expertise with our global diner network, we are deepening our commitment to the Canadian dining scene and providing Libro’s restaurant partners the option to soon join OpenTable’s diner network, driving broader visibility and more bookings.”

“This is an exciting next chapter for Libro and the restaurants we serve,” said Lorne Schwartz, CEO of Libro. “By joining forces with OpenTable, we’re able to expand our reach and bring even more value to our community, while continuing to deliver the localized support and innovation our partners rely on.”

To ensure seamless service for current partners, Libro will continue to operate as a standalone brand, while benefiting from expanded visibility on the OpenTable marketplace. A phased integration of inventory, infrastructure, and security capabilities is expected to be completed in the foreseeable future.

As part of the agreement, OpenTable will welcome Libro’s employees and leadership team. The combined expertise of both organizations will focus on delivering innovative solutions for restaurateurs and diners across North America.

About OpenTable

OpenTable, a global leader in restaurant tech and part of Booking Holdings, Inc. (NASDAQ:BKNG), helps more than 65,000 restaurants worldwide fill 1.9 billion seats a year. OpenTable’s world-class technology empowers restaurants to focus on what matters most – their team, their guests, and their bottom line – while enabling diners to discover and book the perfect restaurant for every occasion.

About Libro
Libro is one of North America’s leading online guest experience platforms, providing restaurants with a fully branded way to fill tables, manage reservations, reduce no-shows, engage customers, and elevate the overall guest experience.

The platform enables operators to strengthen relationships with their guests and drive repeat visits—all within a seamless reservation experience.

Headquartered in Montreal, Libro serves restaurants across Canada, the United States, and Europe.

View original content:https://www.prnewswire.com/news-releases/opentable-acquires-canadian-reservation-platform-libro-expanding-presence-in-quebec-and-beyond-302747348.html

SOURCE OpenTable, Inc.