Person: Jordan Reeves

The Short Report – July 8, 2020: A new innovation hub for Toronto, National Bank doubles down on Nest Wealth, and more

The Bank of Canada is partnering with the Bank for International Settlements (BIS) to launch a BIS Innovation Hub in Toronto; National Bank of Canada’s venture-capital arm NAventures announced it will make an additional minority investment of up to $50-million in Toronto-based robo-advisor Nest Wealth; the federal government will invest $40 million over three years in the Union Training and Innovation Program; and more.