Home / Tag Archives: Canada

Tag Archives: Canada

Brain drain threatens Canada’s dominance in artificial intelligence: ‘We are losing our top talent’

1217robot.jpg

With a tech industry one-third the size of California’s, Canada has confounded expectations by becoming a leader in the booming market for artificial intelligence. Pioneering technologies developed in Canadian labs can be found in Facebook’s facial recognition algorithms, Google’s Photos app, smartphone voice recognition and even Japanese robots. Now Canada …

Read More »

Transport Canada eyes more safety tests for Volkswagen amid emissions scandal

1224vw.jpg

OTTAWA — The federal government has plans to increase the number of Volkswagen vehicles it runs through safety tests in light of an ongoing scandal into their cars being designed to cheat on emissions tests. While there have been no major safety issues with Volkswagens in the last seven years, …

Read More »

Canada faces future of ‘stranded assets’ in Trudeau’s low-carbon policy pursuit

1223oil.jpg

OTTAWA — When star NDP candidate Linda McQuaig mused during the opening days of the federal election campaign that some of Alberta’s oil wealth would have to “stay in the ground” in order to meet Canada’s climate change targets, the remark was treated as a scandalous revelation by her political …

Read More »

Canada well positioned to become Islamic banking hub, according to report

1223banks.jpg

TORONTO — Islamic banking is being touted as the next big thing for Canada’s financial services sector, but experts say it’s up to the new federal government to demonstrate that it welcomes Shariah-compliant investments. “It’s absolutely fundamental that the Canadian government signal that, in fact, it is open to Islamic …

Read More »

China Investment Corp retreats from Canada after mining, energy investments sour

winston-ma-cic.jpg

After a string of bad investments, China Investment Corp. (CIC) has shut down its Toronto office and is opening a new one in New York, part of a quiet retreat from Canadian natural resources by China’s state-controlled entities. Fortune Lost: The short, brutal and costly ride of China Investment Corp. …

Read More »

Aviva Canada develops first insurance policy for ride-sharing services like Uber

uber1.jpg

TORONTO • Aviva Canada Inc. has become the first auto insurer in Canada to develop a policy specifically for ride-sharing services, filling a gap in the market that has left many Uber drivers without proper coverage. The Toronto-based company announced Wednesday that it will begin providing auto insurance to drivers …

Read More »

Air Canada asks Supreme Court to reject maintenance ruling in Quebec lawsuit fight

0105aircanada.jpg

MONTREAL — Air Canada has asked the Supreme Court to intervene to overturn a court ruling that requires the carrier to keep maintenance operations in the country. The Montreal-based airline said Tuesday it is seeking leave to appeal a Quebec Court of Appeal decision in November. That ruling upheld a …

Read More »

Canada’s incumbent airlines have little to fear from new startup NewLeaf Travel

0107westjet.jpg

Canada’s incumbent airlines have little to fear from a new, ultra-cheap competitor that will begin flying next month, according to an analysis by National Bank. NewLeaf Travel Company Inc. on Wednesday opened its website for bookings, with its first flight planned for February 12. To keep prices low, the airline’s …

Read More »

Canada’s Finance Minister admits economy in worse shape than Ottawa thought

morneau.jpg

HALIFAX — The federal finance minister says the Canadian economy is suffering from slower growth than originally projected by the former Conservative government. Bill Morneau told several hundred people attending a Halifax Chamber of Commerce luncheon that his department’s projections on growth since the 2015 budget have fallen due to …

Read More »

Sugar high: Why Canada’s marijuana growers are in a race to make their pot taste delicious

chocolate2.jpg

SMITHS FALLS, ONT.  —  For more than four decades, Smiths Falls was known as the “Chocolate Capital of Ontario” because of its iconic Hershey factory. But Hershey bolted in 2009, and a few years later, the plant was sold to a very different sort of company: Tweed Marjuana Inc. In …

Read More »