Vancouver, BC, October 4, 2023--The Globe and Mail has released its fifth annual Report on Business ranking of Canada's Top Growing Companies. Launched by The Globe and Mail in 2019, their program ranks participating private and public Canadian businesses by three-year revenue growth, and is a voluntary program

Vancouver, BC, September 18, 2023--An organization representing more than 150 Canadian tech companies is calling on the country to take a sensitive but speedy approach to artificial intelligence. In a report released Friday, the Council of Canadian Innovators (CCI) argues the country has an opportunity to be a leader in the global AI sector, currently valued at $299-billion and projected to reach $2-trillion by 2030. However, CCI said Canada must ensure any AI regulation is "responsible," blending clarity, trust and lessons other nations have learned.

Vancouver, BC, August 18, 2023--Canadian LinkedIn users wanting to ensure the public that they're the real deal now have another method of verifying their online/digital identity: government identification. The Microsoft-owned platform announced Thursday that it is giving its 22 million Canadian members the option to verify their profiles by providing a copy of their government identification to a third-party company partnering with LinkedIn. The optional verification method is meant to bolster trust in the platform and boost safety in a digital age where identity can be key.

Vancouver, BC, August 2, 2023--Discovering news articles and videos on Facebook and Instagram will soon become a relic of the past, as Meta announced it is officially ending news availability in Canada. Meta said Tuesday that within a few weeks, it will remove news for all Canadian users of its popular Facebook and Instagram platforms. In June, the company started running a test that limited news for up to five per cent of users, but now it says it is moving out of the testing phase.

Vancouver, BC, June 15, 2023--D-Wave Quantum Inc. is losing its outside accounting firm after PricewaterhouseCoopers (Canada) LLP informed the financially challenged BC quantum computer pioneer it has declined to stand for re-election at the next annual meeting. D-Wave, which became a Delaware-domiciled corporation when it went public on the New York Stock Exchange last year, also revealed that it is moving its principal executive office to the U.S. from Canada and says it will engage a new public accounting firm based in the U.S. 

Vancouver, BC, March 29, 2023--The federal government is banking on a suite of new tax credits, a clean electricity grid and the carbon tax to spur the transition to a clean economy and counter vast subsidies rolled out by the United States. In its budget unveiled Tuesday, Ottawa announced $20.9-billion over five years, the majority of which will go to new investment tax credits for clean electricity, clean hydrogen and clean technology manufacturing. It also expanded eligibility for two other tax credits for clean technology adoption and carbon capture, utilization, and storage.

Vancouver, BC, March 13, 2023--Bond markets have made a dramatic reassessment of future rate moves by central banks in the wake of the Silicon Valley Bank failure and bailout- including that of the Bank of Canada. Swaps-based implied probabilities of future moves by the Bank of Canada suggest decent odds of a quarter-point cut at its next meeting on April 12. And markets are pricing in at least 50 basis points of interest rates cuts by this summer. This morning, the market's assessment of future BoC moves has shifted with a speed seldom seen. It was accompanied by a big dive in bond yields.

Vancouver, BC, February 21, 2023--Canada's annual inflation rate dipped below 6 per cent for the first time since early in 2022, helped by favourable base effects and lower prices for smartphone bills and vehicles. The Consumer Price Index rose 5.9 per cent in January from a year earlier, down from a 6.3-per-cent pace in December, Statistics Canada said Tuesday in a report. Financial analysts were expecting an inflation rate of 6.1 per cent. It was the lowest reading since February, 2022. On a month-over-month basis, consumer prices rose 0.5 per cent. 

Vancouver, BC, October 11, 2022--In a repurposed shipyard building south of Vancouver, the architect and entrepreneur Oliver Lang gestured at a prefabricated building façade, before pointing at one of the three robotic arms that had helped build it. "One of the things that's beautiful about technology," he said, is that "if we want to go from 500,000 square feet to a million square feet, we can." All he would have to do is add more robots. He was talking about the amount of living space his factory, which manufactures large wooden components for buildings, is capable of churning out annually.

Vancouver, BC, October 7, 2022--At first glance, the delivery truck turning slowly out of the parking lot of Loblaw headquarters might seem unremarkable. But look closer and you may notice that the steering wheel turns itself. There is no one in the driver's seat. The driverless vehicle is one of five that Canada's largest grocer has on the roads, delivering products to its stores. In partnership with Palo Alto-based startup Gatik, Loblaw has been testing the autonomous driving technology since 2020. In August, the company began the next phase of its test - without the driver.