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Employment

Ottawa giving BlackBerry $40M for self-driving car development

Posted in Communications, Employment, Finance, Industry Trends, Newsworthy, Technology

Ottawa giving BlackBerry $40M for self-driving car development

The Liberal government is giving $40 million in federal money to BlackBerry to help the company develop self-driving car technologies. Prime Minister Justin Trudeau was in the Ottawa suburb of Kanata on Friday to announce the support for BlackBerry, the one-time smartphone leader that is now working on advanced software for autonomous vehicles. BlackBerry says its QNX software is already in tens of millions of cars, guiding systems related to driver assistance, hands-free features and...

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‘Unfinished business’: Trump’s tariffs hang over Canada after signing new NAFTA

Posted in Bylaws / Regulations, Communications, Employment, Finance, Industry Trends, Legislation, Newsworthy

‘Unfinished business’: Trump’s tariffs hang over Canada after signing new NAFTA

When Prime Minister Justin Trudeau signed the new North American Free Trade Agreement with U.S. President Donald Trump and outgoing Mexico president Enrique Peña Nieto on Nov. 30, he added one caveat on the milestone day. “Make no mistake, we will stand up for our workers and fight for their families and their communities,” Trudeau said at the time. “And Donald, it’s all the more reason why we need to keep working to remove the tariffs on steel and aluminum between our countries.”...

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Morneau Sees Canadian Expansion on Track Despite Headwinds

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Employment, Finance, Housing, Industry Trends, Legal, Legislation, Newsworthy

Morneau Sees Canadian Expansion on Track Despite Headwinds

Despite trade headwinds and an oil shock, Canada’s economy remains on track to grow this year and in the “forecastable future,” Finance Minister Bill Morneau said. Morneau, speaking in an interview Friday at the World Economic Forum in Davos, Switzerland, said a November shock in Canadian crude prices is negatively impact the nation’s economy, but private sector economists continue to anticipate the expansion will continue. “There are headwinds, I don’t want to dismiss that as a challenge, but...

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Instead of a new multibillion-dollar campus, Microsoft is investing $500m into affordable housing in the Seattle area.

Posted in Communications, Development, Employment, Finance, Housing, Industry Trends, Newsworthy, Technology

Instead of a new multibillion-dollar campus, Microsoft is investing $500m into affordable housing in the Seattle area.

Microsoft pledged to invest $500m in building affordable housing units near its headquarters in the Seattle area. Like other tech hubs, Seattle has struggled to build enough CrossFit studios for new residents and enough affordable housing for existing residents. To accommodate growing workforces, other tech giants have simply built private city centers (in the form of multibillion-dollar campuses) and private transportation systems. But Microsoft is trying a different approach —...

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The Week Ahead: Canadian GDP, Fed rate decision, another Brexit vote

Posted in CMHC, Communications, Employment, Finance, Newsworthy

The Week Ahead: Canadian GDP, Fed rate decision, another Brexit vote

Monday, January 28 -Notable earnings: Caterpillar -U.S. Congressional Budget Office releases updated economic and budget projections (1000) -House of Commons resumes sitting Tuesday, January 29 -Notable earnings: Canadian National Railway, Metro, Apple, Pfizer, 3M, Verizon, eBay -Notable data: S&P/Case-Shiller U.S. home price index, U.S. consumer confidence -Canadian Transportation Agency holds hearing in Vancouver re. freight rail investigation (1200) -U.K. Parliament holds vote on...

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Premier Doug Ford To Attend North American International Auto Show In Detroit

Posted in Communications, Employment, Events, Finance, Industry Trends, Newsworthy, Tax Law

Premier Doug Ford To Attend North American International Auto Show In Detroit

Ontario’s Government for the People is taking the message to global auto industry leaders that Ontario is open for business. Premier Doug Ford and Todd Smith, Minister of Economic Development, Job Creation and Trade, announced they will attend the North American International Auto Show (NAIAS) in Detroit. While there, they will meet with executives from the world’s leading auto manufacturers as well as labour representatives, and make it clear that Ontario is open for business....

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These could be the world’s biggest economies by 2030

Posted in Communications, Employment, Finance, Industry Trends, Newsworthy

These could be the world’s biggest economies by 2030

Seven of the world’s top 10 economies by 2030 will likely be current emerging markets. The prediction for a shake-up of the world’s gross domestic product rankings comes in new long-term forecasts by Standard Chartered Plc, which includes a projection for China to become the largest economy by 2020, using purchasing power parity exchange rates and nominal GDP. India will likely be larger than the U.S. in the same time period while Indonesia will break into the top 5 economies. “Our...

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Pot Sector Focus Shifts From Legalization to Legitimacy

Posted in Bylaws / Regulations, Communications, Employment, Finance, Health & Safety, Industry Trends, Legal, Legislation, Newsworthy

Pot Sector Focus Shifts From Legalization to Legitimacy

After a wild year for the cannabis sector, it’s appropriate that 2019 kicks off with a focus on Aphria Inc., the Canadian pot producer that was attacked by short sellers and is now the target of a hostile takeover bid. Aphria reports results for the fiscal second quarter on Jan. 11, and there will undoubtedly be plenty of questions on the conference call about the allegations from short sellers that it overpaid for “worthless” assets in Latin America. Aphria called the claims by Quintessential...

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Amazon should disrupt gas stations, says Wall Street’s biggest bull

Posted in Communications, Employment, Finance, Housing, Industry Trends, Newsworthy

Amazon should disrupt gas stations, says Wall Street’s biggest bull

Amazon.com Inc. (AMZN.O 5.01%) is a dominant player in industries as diverse as cloud computing, streaming media, and of course e-commerce, but the next business it should set its sights on is decidedly more old fashioned: gas stations. That view comes courtesy of DA Davidson, which wrote that the company could benefit from expanding its portfolio of physical stores — which already includes “pop-up” stores and the Whole Foods grocery chain — as “another means for it to advance its...

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‘Less than meets the eye’: Canada adds 9,300 jobs amid weak wages

Posted in Communications, Employment, Finance

‘Less than meets the eye’: Canada adds 9,300 jobs amid weak wages

The country’s unemployment rate stuck to its 43-year low of 5.6 per cent last month as the economy closed out 2018 by adding 9,300 net new jobs, Statistics Canada said Friday. But even in a job market that has tightened over the past year the agency’s latest data release shows the key indicator of wage growth continued to show weakness in December. Year-over-year average hourly wage growth for permanent employees was 1.49 per cent — up slightly from its November reading of...

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