The Canadian Press

Royal Bank Q4 profit up as CEO warns of decline in economic growth

Bank earned nearly $3.25B for the quarter ended Oct. 31, up from nearly $3.21B a year earlier.

With deficit closing in on $400B, Liberals detail more spending to come

The government wants to bring the wage subsidy back to 75% of business payroll costs and extend the business rent subsidy to mid-March.

Five Canadian business stories to watch this week

Join the Ottawa Board of Trade, the Ottawa Business Journal and its partners for a virtual event that will provide a prognosis on Canada’s economic health.

Provinces push Freeland to delay bump in CPP premiums in economic update

Planned increase is part of a multi-year plan to boost retirement benefits through the public plan by increasing contributions over time.

Ontario residents should celebrate holidays with own household only, provincial government says

Ottawa reported 23 new COVID-19 cases Wednesday.

Ontario residents should celebrate holidays with own household only, provincial government says

Ottawa reported 23 new COVID-19 cases Wednesday.

Cirque du Soleil completes sale transaction, emerges from creditor protection

Cirque was forced to cancel its shows earlier this year and cut nearly 3,500 employees due to the pandemic.

Canada and Britain ink new trade deal, beating Brexit

Interim pact is a placeholder that buys Canada and Britain another year to reach a more comprehensive agreement.

Canada Post Group of Companies reports $216M pre-tax Q3 loss

Increased revenue from parcel shipping failed to compensate for higher pandemic-related costs

Women leaving workforce faster than men, childcare playing big role in exodus: study

The pandemic and the demands of raising children are likely to blame for the exit of women from the workforce, while men are benefiting from growth in the science, technology, engineering and math fields they dominate in.
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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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