The Canadian Press

Liberals revise COVID-19 wage subsidy, ease eligibility in bid to boost takeup

Amounts paid out will be proportional to revenue declines due to the COVID-19 pandemic.

Gyms, theatres among those cleared to reopen as Ottawa, much of Ontario, enters next reopening stage

Ford says the next phase of economic recovery suggests the province is turning a corner after feeling the ravages of the global pandemic.

BDC to give $160M to IP-rich companies struggling to access capital

Fund will target scaling companies in knowledge-based industries with rich IP portfolios including patents, design and trade secrets and at least $1M in annual revenue.

Bank of Canada holds rate, forecasts decline in GDP of 7.8% this year

Outlook is less rosy than those the Trudeau Liberals relied on in their economic update released a week ago.

Huawei hopeful it can provide 5G to Canada despite Trump pressure, U.K. ban

Huawei has a major research and development centre for 5G and 6G technology in Ottawa, where several hundred people work at its Kanata-based research facility. 

Canada, U.S. expected to extend mutual travel ban into late August

Canada-U.S. border has been closed to "discretionary" travel like vacations and shopping trips since the pandemic took hold of the continent in mid-March.

Federal wage subsidy to be extended to December

Prime minister isn't saying today how the government will reshape the eligibility rules for the program

Five Canadian business stories to watch this week

A preview of some of the national business news that will be making headlines in the days ahead.

Federal civil servants to get up to $2,500 each for Phoenix ‘pain and suffering’

Tentative PSAC contract settlement for about 70,000 civil servants also includes average annual wage increases of 2% in each of the next three years

DavidsTea closing 82 stores in Canada, all 42 U.S. stores

Closure of "a significant number of money-losing stores" will allow firm to focus on e-commerce sales.
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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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