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Sheraton Ottawa Hotel to permanently lay off 70 employees, union says

UNITE HERE Local 261 said it has been trying since last October to reach a deal with Sheraton management to recall the employees, who are on temporary layoff.

Ottawa accounting firm Envolta acquires southwestern Ontario practice

Envolta founder David DiNardo says his goal is to raise the firm’s revenues from $5 million to $20 million annually by 2026. 

Porter to lay off 20% of Ottawa staff, contract out baggage service

Toronto-based airline currently employs about 100 people in the capital.

Long Road Back concert postponed in wake of city’s move to red zone

All 100 available tickets for the show originally scheduled for March 27 sold out in less than an hour.

Developer floats seven-storey apartment in heart of Westboro

Mixed-use development on the corner of Richmond Road and Winston Avenue would include more than 40 rental suites and ground-floor retail space.

Music to fans’ ears: Outdoor concert slated for Lansdowne Park in late March

First-of-its-kind event during pandemic will require all spectators to be screened for COVID-19 in advance.

InterRent REIT says ‘strong balance sheet’ has it primed for 2021 bounceback

Ottawa-based real estate investment trust said its funds from operations rose nearly 11 per cent last year to $56.7 million.

Ottawa BIA coalition calls for HST holiday for hard-hit restaurant industry

Organization says already-thin profit margins in the beleaguered sector have been stretched to the breaking point during the pandemic.

Ottawa-Gatineau housing starts tumble in February, CMHC says

Builders started work on just 754 new units last month, down from 1,178 in February 2020, the housing agency reported Monday.

Minto Apartment REIT’s earnings up in 2020 despite rising vacancies

The REIT said it generated funds from operations of $50 million for the year ending Dec. 31, up from $39.6 million in 2019.
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The narrative surrounding the Canadian tech sector often focuses on boom-and-bust cycles, brain drain, or the historical demise of past giants. But the numbers tell a different story. Driven by evolutionary waves from telecommunications to software-as-a-service, quantum computing, and artificial intelligence, the national technology ecosystem has quietly produced remarkable long-term enterprise value. New research shows that Ottawa tech unicorns have produced at least one billion-dollar firm every single decade, making it the highest per-capita producer of unicorns in the country. Moreso, local tech ventures account for a staggering three-quarters of all-time wealth creation in Canadian tech history, driving $1.4 trillion in wealth over the past 36 years. In this episode of Techopia Live, OBJ publisher Michael Curran celebrates Ottawa Innovation Week by speaking with tech veteran Sasha Gera, chief operating officer of HealWell AI. Gera shares his research and insights from his newly launched ledger, Unicorn North, highlighting how Ottawa stacks up against other major Canadian cities and why it remains the most productive, distraction-free destination for building sustainable, hundred-year companies. Chapters: 00:00 Intro 02:22 Introducing Sasha Gera 14:45 Sponsor Segment 17:57 Innovation Week 25:15 Closing and What’s Ahead at OBJ For more on Ottawa’s tech and innovation scene, visit https://obj.ca/techopia Subscribe to Techopia’s weekly newsletter here: https://obj121.activehosted.com/f/5
Techopia: Is Ottawa the country’s biggest tech wealth generator? | Episode 298

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