Drone on 🪰 - Foreign firms land Buy Canadian contracts, Ottawa is all in on drones.

Ottawa’s “Buy Canadian” procurement policy is sending the bulk of its contracts to foreign-owned firms — a loophole driven by how loosely “Canadian” is defined and by trade rules that limit how much the federal government can play favourites. Plus, the defence world is in full drone mode as Ottawa sets up a new testing hub in Quebec to accelerate homegrown drone and counter-drone tech.

In the big picture: IBM’s brutal earnings day wipes out tens of billions in market value, DeepMind’s Demis Hassabis calls for a frontier AI regulator, and five First Nations groups move to take a majority stake in major LNG export infrastructure.

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