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.

CIBC to launch Simplii direct banking brand, integrate PC Financial accounts

The Canadian Imperial Bank of Commerce is taking over President's Choice Financial bank accounts with a new...

Metro looking at automation to help offset impact of higher Ontario minimum wage

Ontario's third-largest grocery chain will accelerate its study of automation as it looks to cut costs to...

Sears Canada to create fund for laid off employees who received no severance

Lawyers representing workers at Sears Canada and the company have reached a deal to create a hardship...

Ontario business groups increase pressure on province over minimum wage hike

The Ontario government's plan for major labour reforms would have significant side effects that would put 185,000...

Engineering firm WSP makes $281M offer for New Zealand firm

WSP Global is moving to expand its engineering consulting business Down Under in a deal to acquire...

Canada gives public a peek at its game plan ahead of critical NAFTA talks

Chrystia Freeland has given Canadians a peek at their government's strategy as it prepares to go nose-to-nose...

Five Canadian business stories to watch this week

Sold Below Asking? The Canadian Real Estate Association releases its latest monthly home sales data on Tuesday....

Battle to become one of five federal ‘superclusters’ attracts 50 competitors

The competition to become one of up to five government-designated technology "superclusters" and draw from a federal...

Netflix Canada hikes prices as streaming competition ramps up, expenses rise

Watching your favourite shows on Netflix Canada just got a little more expensive. The popular video streaming service...

Canadian tech sector not immune to sexism and discrimination of Silicon Valley

The sexism displayed in a controversial missive written by a now-fired male Google engineer is alive and...
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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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