11:31:26 EDT Thu 15 Oct 2026
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Xanadu Quantum Technologies Ltd
Symbol XNDU
Shares Issued 64,162,634
Close 2026-10-14 C$ 4.55
Market Cap C$ 291,939,985
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Globe says Xanadu shows Canada a leader in quantum tech

2026-10-15 07:52 ET - In the News

The Globe and Mail reports in its Thursday edition that Canada has been a quantum computing pioneer for decades, having an outsized influence relative to its population. Guest columnist Sheema Khan writes that we have deep research expertise and we lead in a few areas of quantum technologies. For example, the Institute for Quantum Computing and the Perimeter Institute, along with Université de Sherbrooke, McGill and University of Toronto, have produced world-class talent. Xanadu is a leader in quantum computing based on photons. Founded in Burnaby, B.C., D-Wave is one of the oldest quantum computing companies in the world, having designed machines to tackle specific mathematical problems. In 2023, the Canadian government released its National Quantum Strategy, which aims to develop and harness our rich quantum ecosystem. McKinsey estimates the quantum market to reach $100-billion (U.S.) by 2035. While our pivot toward Europe is based on diversifying trade, we can use this opportunity to forge an alliance that will marshal quantum tech for good, while implementing safeguards to protect humanity against unfettered development. AI has proved that private pioneers value profit over the public good. We should learn from it.

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