The Canadian Press

Banks face questions about deploying cash as they ease up on reserve building

Executives from the country's most prominent banks faced questions from analysts Thursday about what they'd do with all the cash they are sitting on.

Siemens Mobility beefs up Canadian transit capabilities with purchase of RailTerm

LRT projects in Ottawa and Gatineau among the mass transit opportunities in Canada attracting attention.

Small businesses squeezed by chip shortage, worry tech giants will be supplied first

Large companies are overcorrecting by ordering huge quantities of chips to keep as inventory, exacerbating the shortage.

Hexo eyeing private label strategy as it charts U.S. expansion

CEO of Ottawa-based firm says arrangement would leverage Hexo's technology to help multi-state operators boost their product quality and margins while lowering costs.

Ontario plans to reopen week of June 14 under new three-stage plan

Step one of the province's reopening plan will see some non-essential retail reopen with 15% capacity limits.

Ontario extends stay at home order to June 2, aims for a ‘two dose’ summer

Recreational outdoor facilities would remain closed to limit mobility and other behaviour that could contribute to the spread of the virus.

Greyhound Canada to cut all routes, end operations

Ottawa to lose intercity bus connections to several cities

Canada’s Paper Excellence announces deal to buy Domtar Corp. in US$3B deal

Paper Excellence, which acquired Catalyst Paper Corp. in 2019, will invest in Domtar's assets for long-term growth.

Air Canada calls on feds to lift hotel quarantine as it prepares for recovery

'The current mandatory hotel quarantine for arrivals has proven ineffective,' CEO says as airline posts $1.3B first-quarter loss.

Canada agrees to take part in WTO talks to waive patent protections on vaccines

Drug companies and a number of world leaders argue the measure would only slow down production.
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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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