15:36:58 EDT Mon 08 Jun 2026
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Xanadu Quantum Technologies Ltd
Symbol XNDU
Shares Issued 43,384,436
Close 2026-06-05 C$ 18.06
Market Cap C$ 783,522,914
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Globe says Xanadu founder calls for quantum strategy

2026-06-08 08:49 ET - In the News

The Globe and Mail reports in its Monday edition that Quantum computing is now a pillar of Canada's G7 agenda, a fixture of the federal defence strategy and the basis of a handful of Canadian companies competing on the world stage. Guest columnist Christian Weedbrook, Xanadu's founder, writes that Ottawa's AI strategy is finally here, giving every Canadian free AI training amid the disruptive threat AI poses to the work force. We should adopt AI literacy for quantum computing, too, to prepare our economy for the next phase of technological progress. Quantum computers will be capable of solving, in minutes, problems that would take today's computers millions of years. They will potentially discover new medicines and fuel the next generation of batteries for electric vehicles, thanks to their ability to simulate how molecules behave in a way that today's computers cannot. This month alone, the U.S. government committed $2-billion (U.S.) to quantum companies. Canada, by contrast, has committed $334-million over five years. If the U.S. owns most of the companies and infrastructure that underpins quantum, we would have to rely on a foreign power to protect our financial systems, health care records and national security.

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