Canada & World

Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.

Toronto now needs Team Canada’s support in its bid for Amazon’s HQ2: Ed Clark

Toronto's status as the lone Canadian contender in the race to land Amazon's second North American headquarters...

Tim Hortons protests to expand beyond Ontario, 50 rallies planned across Canada

Protesters angered by some Ontario Tim Hortons franchisees who slashed workers' benefits and breaks after the province...

Unifor splits with Canadian Labour Congress over workers’ right to choose union

The largest private sector union in Canada said Wednesday it is splitting with the Canadian Labour Congress...

Feds promote clean tech with new BDC funding

The federal government will give $700 million over the next five years to the Business Development Bank...

Big brewers call on feds to axe increasing beer tax

The federal government's plan to hike excise taxes on beer every year will result in consumers paying...

Bank of Canada hikes interest rate to 1.25%

The economy's impressive run prompted the Bank of Canada to raise its trend-setting interest rate Wednesday for...

Six Canadian banks manipulated an interest rate benchmark, U.S. lawsuit alleges

A class-action lawsuit filed in a U.S. court alleges six Canadian banks and three others conspired to...

Interest rate hike, new mortgage rules may trigger real estate market slowdown

Canada's real estate market will hit a slow patch in 2018 as tighter mortgage stress tests apply...

End of a retail era: Sears Canada closes its final stores

The few remaining Sears Canada stores closed their doors for good on Sunday. The longtime staple of Canada's...

Five Canadian business stories to watch this week

Valeant headed to court Valeant Pharmaceuticals International Inc. is scheduled to appear in U.S. court alongside activist investor...
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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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