The Canadian Press

Porter to fly new jets on Ottawa routes amid major expansion

Added competition stemming from the carrier’s growth to Toronto Pearson airport will be good news for travellers, analyst says

Five Canadian business stories to watch this week

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

Black-owned restaurateurs expect long recovery times from pandemic lows

Black entrepreneurs say they face extra challenges in an industry notorious for low margins, high staff turnover and long hours.

Feds to launch procurement for high-frequency rail connecting Toronto, Ottawa, Montreal and Quebec City

The project also proposes new high-frequency rail stations along the corridor and plans to reduce trip times by 25 per cent.

Shopify to launch new revenue-share model, faster transactions as competition grows

Ottawa firm says that as of Aug. 1 it won't take any share of the first $1 million in revenue developers make every year on products they design for the company's software.

Ottawa Centre MP McKenna won’t seek re-election, plans to focus on family and climate change

Minister McKenna says as she leaves politics she will use what platform she has to push for climate action and an end to the hateful comments and personal abuse targeting public figures.

Cannabis company Hexo reports $20.7M Q3 loss, revenue edges higher

Ottawa-based firm's net revenue totalled $22.7 million, up from $22.1 million in the same quarter last year.

Air Canada to recall 2,600 workers as demand for travel bounces back

Move fuelled by increase in vaccinations, decline in COVID-19 cases and easing of governments restrictions.

Canopy Growth CEO ‘really bullish’ on U.S. pot legalization after recent reforms

Smiths Falls-based cannabis firm reported a net loss of nearly $700 million in its fourth quarter, down from a loss of $1.3 billion in the same quarter last year.

TekSavvy won’t bid in wireless auction, may raise prices after CRTC rate decision

The CRTC reversed a 2019 decision that lowered the rates smaller providers such as TekSavvy pay to piggyback on the networks of larger cable and phone companies.
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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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