Moscow smartphone maker Yota Devices moving to Canada

Canada may soon be home to another smartphone maker when Moscow-based Yota Devices relocates its headquarters to Toronto or Waterloo by the end of this year, its chief executive says.

Yota Devices, whose flagship unit is an Android-based smartphone with screens on both sides, is aiming to take advantage of the talent pool in Canada left behind by BlackBerry Ltd. in the wake of its restructuring, said CEO Vlad Martynov.