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Tag Archives: Canada

U.S. real estate firm reaches into Canada: Savills Studley acquires Real Facilities

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One of the large U.S. real estate firms focusing solely on tenants is moving into the Canadian market. Savills Studley is set to announce Monday that it has acquired Toronto-based Real Facilities for an undisclosed amount. The new Toronto office will continue to provide tenant representation, transaction management, capital markets, project …

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Butter shortage forces Canada’s dairy commission to import 8.8-million pounds of butter as cream supply dries up

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During the recent debate over Canada signing the Trans-Pacific Partnership trade agreement, the dairy industry here rolled out a public relations campaign aimed at fighting to keep out imported products and convincing Canadians to cherish instead the bounty of milk, cream and butter that come from our home and native …

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

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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 …

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Transport Canada eyes more safety tests for Volkswagen amid emissions scandal

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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, …

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

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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 …

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

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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 …

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

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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. …

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

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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 …

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

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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 …

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

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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 …

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