The Canadian Press

‘Very pleasant surprise’: Canada’s inflation rate tumbles to 2.9 per cent in January

Canada’s annual inflation rate fell to 2.9 per cent last month, marking a sharper deceleration in price growth than expected by forecasters.

‘No longer viable’: Ontario electronics retailer Factory Direct to liquidate stores

Court documents show Factory Direct wanted to close its 14 stores in the province because it has found the business is "no longer viable."

January home sales rise as markets tighten but prices still softening: CREA

The Canadian Real Estate Association says January home sales jumped 22 per cent compared with a year ago, the largest year-over-year gain since May 2021. 

Holiday shopping, Black Friday hands Shopify US$657M Q4 profit and 24% revenue growth

A flurry of holiday sales saw Shopify Inc. end 2023 with strong revenue growth and profits even...

CPA Canada cuts 20% of workforce ahead of split with Ontario and Quebec

CPA Canada is cutting 20 per cent of its workforce ahead of a move by provincial oversight bodies in Ontario and Quebec to split from the national organization.

Cannabis company Canopy Growth reports $216.8M Q3 net loss

Canopy Growth Corp. reported a net loss of $216.8 million in its latest quarter compared with a loss of $264.4 million a year earlier.

BCE cuts 9% of workforce, accuses CRTC of ‘predetermined’ regulatory process

The parent company of Bell Canada is slashing nine per cent of its workforce as it remains at odds with CRTC over what it calls "predetermined" regulatory direction.

‘Not a viable business anymore’: Bell Media selling 45 radio stations, including Brockville, Kingston

Bell is cutting nine per cent of its workforce, including layoffs at its media division, where it is selling off 45 of its 103 regional radio stations.

Rate cut timing ‘difficult to foresee’ amid inflation pressures: BoC deliberations

The Bank of Canada isn't sure when it will be able to start cutting interest rates as it continues to contend with inflation that's still too high and broad-based.

Don’t look to the BoC to solve Canada’s housing and economic woes, Macklem says

Bank of Canada governor Tiff Macklem is laying out the limits of monetary policy as he warns the central bank can’t solve problems such as housing affordability with interest rates.
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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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