The Canadian Press

Home sales shifting towards pricier housing in Ottawa, CMHC says

While nearly half of all homes trading hands in the capital sold for less than $400,000 in 2019, less than a third of all transactions last year were in that price bracket, agency says.

Canadian small businesses rack up $135B in debt to survive pandemic: Report

Survey suggests the average small business owner has accrued $170,000 in debt, with businesses in the hospitality, recreation and service sectors most indebted.

Purolator expanding rural facilities amid demand from remote workers

Investment highlights how COVID-19 and the increasing prevalence of remote work are changing residential and commercial patterns across Canada.

Canada, Australia agree to co-ordinate efforts on regulation of online platforms

The growing co-operation between the two countries comes as Facebook backed down on a ban it introduced last week that prevented Australians from viewing and sharing news on its platform.

Canadian banks, bellwethers of pandemic recovery, to reveal key statistics this week

Canadian bank leaders will likely give analysts insight on how the economy is recovering in different sectors, such as mortgage borrowing, credit card spending and small business loans.

Ottawa, Kingston hairdressers apply lessons from 2020 rollercoaster ride to manage reopening rush

Some salons are looking to hire extra help to keep up with the hundreds of bookings that have piled up since January.

Ottawa’s inflation rate accelerates to 1.8%

The longer price weaknesses prevail across the country, the longer interest rates are likely to stay low

Shopify to focus on fulfilment, international merchants after US$124M Q4 profit

Ottawa-based e-commerce firm's revenue totalled US$977.7 million, up from US$505.2 million in the last quarter of 2019.

Hexo to acquire Zenabis in $235M deal, gain European pot market foothold

The companies believe the deal will help Ottawa-based cannabis producer access the European medical cannabis market through Zenabis' partnerships.

Canopy Growth reports $829.3M Q3 loss, expects to reach profitability next year

The loss amounted to $2.43 per diluted share for the quarter ended Dec. 31, compared with a loss of $109.6 million or 26 cents per share a year earlier.
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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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