The Canadian Press

Black Canadians report high levels of racism despite workplace improvements

Canadian companies are making uneven progress on efforts to make workplaces more inclusive and equitable for Black workers, according to a survey from KPMG in Canada.

Business, consumer insolvencies rise in December as higher rates bite

Business insolvencies rose 57.2 per cent in December compared with a year earlier, according to the Office of the Superintendent of Bankruptcy.

Real estate receiverships on the rise as projects stall

From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership.

Economic bounceback at the end of 2023 could push back rate cuts, economists say

Canada's economy appears to have ended 2023 on a stronger note than expected, which economists say could push back the timeline for interest rate cuts this year. 

Ontario privacy commissioner feels urgency to address ‘Wild West’ risks of AI

Ontario's information and privacy commissioner says she feels "a sense of urgency" to act on AI as her list of concerns with the technology mounts.

Bad Boy Furniture Warehouse fails to file proposal, is deemed bankrupt

Toronto-area furniture retailer Bad Boy Furniture Warehouse Ltd. is officially bankrupt.

Bank of Canada holds key interest rate at 5%, signals shift toward rate cut talks

The Bank of Canada held its key interest rate at five per cent today and signalled it has begun discussing when it should start cutting rates.

Firehouse Subs offers cash to first responders, vets to open restaurant locations

Firehouse Subs will offer $100,000 to current or former first responders or veterans who agree to open a restaurant.

Pret A Manger latest to join competitive quick-serve food industry in Canada

U.K. café chain Pret A Manger debuted its first stand-alone restaurant in Canada on Tuesday.

All eyes on the BoC this week for any hints on when it plans to cut interest rates

As the Bank of Canada gears up to announce its next interest rate decision Wednesday, economists will be on the lookout for any clues on when it plans to start cutting 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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