The Canadian Press

Ontario court permits Nordstrom Canada to liquidate closing stores

Bargain hunters are one step closer to seeing sales at Nordstrom's closing Canadian locations.

Cannabis ‘price war’ could cause ‘significant’ damage to industry: HEXO CEO

Hexo Corp.'s chief executive says he's seen a "price war" take shape over the last five months that could cause "significant" damage to Canada's cannabis industry.

Pornhub owner MindGeek purchased by Ottawa-based private equity firm

A new private equity firm based in Ottawa says it has acquired the company behind one of the world's largest pornography site, Pornhub.

Businesses expect slower sales in short term as cost, labour issues persist: survey

The Canadian Chamber of Commerce says businesses expect subdued sales in the short term as they face continued cost and labour pressures, despite slowing inflation.

Some federal public servants get remote work extension as others face deadline

Some federal government workers will be able to continue remote work for another year, as most face a March 31 deadline to return to the office at least two days a week.

Regulator says Silicon Valley Bank’s Canadian assets being restructured

Canada's banking regulator says the Canadian branch of Silicon Valley Bank is being restructured in a way that will allow it to continue operations in the country.

Canadian home sales drop 40 per cent in February compared with year ago

The association says February sales were comparable to what was recorded during the same month in 2018 and 2019, before the COVID-19 pandemic.

Tech sector expects collapse of SVB to have ‘chilling’ effect on investments

Members of Canada's technology sector say they're worried the collapse of the Silicon Valley Bank will have a chilling effect on investments in their industry.

Freeland meets with bank regulator head, BoC following U.S. bank collapse

Finance Minister Chrystia Freeland is assuring that Canada's financial institutions are secure after meeting with the head of Canada's bank regulator and the Bank of Canada.

Ottawa company teaching autonomous vehicles to ‘see’ snow, drive in bad weather

Drivers for Sensor Cortek get behind the wheel of a car covered in sensors hit the road to solve one of Canada's biggest roadblocks to autonomous vehicle adoption: snow.
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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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