Canada Beats U.S. as RBC Leads Banks With Best Value

Thu, 05 Mar 2015 00:00:00 GMT
Led by Royal Bank of Canada, the so-called Big Six Canadian lenders are more profitable than their 12 largest U.S. counterparts, including Wells Fargo & Co., JPMorgan Chase & Co. and U.S. Bancorp based on return on equity, according to data compiled by Bloomberg. The Canadian banks give almost half their earnings back to investors in payouts and boast an average dividend yield of almost 4 percent, double that of U.S. competitors. “I’m not sure a lot of U.S. investors buy Canadian banks because they always like their own, but their own haven’t measured up,” John Kinsey, fund manager at Caldwell Securities Ltd. in Toronto, whose firm manages about C$1 billion ($805 million). Read Article

BICOM opens new offices in Toronto

Thu, 05 Mar 2015 00:00:00 GMT
Driven by the desire to be closer to its many clients in English Canada and to better meet the specific needs of this market, BICOM establishes new offices in Canada's largest city. "We already operate the vast majority of our mandates across the entire Canadian market. By opening this office, we made a strategic decision to further our growth", states Vicky Boudreau, BICOM's co-founding partner and General Director. With this new office, BICOM wishes to increase its presence in the Anglophone market, participate in national pitches stemming from the US market and continue with even more companies and brands in the deployment of creative and innovative integrated public relations campaigns. Read Article

Toronto ranks among cities that will ‘dominate’ for world’s megarich

Thu, 05 Mar 2015 00:00:00 GMT
The study lists the 40 “most important cities” for the wealthy this year, among other things, and ranks Canada’s financial capital as No. 12. Ahead of Toronto are London, New York, Hong Kong, Singapore, Shanghai, Miami, Paris, Dubai, Beijing, Zurich and Tokyo. Rounding out the top 20 behind Canada’s biggest city are Geneva, Sydney, Taipei, Frankfurt, Moscow, Madrid, San Francisco and Vienna. “Of course, if we measure a city’s importance by political power, Washington D.C. and Beijing will be at the top of three, followed closely by Brussels, the power base of the EU,” the report says. “If we assess quality of life, a clutch of northern European, Canadian and Australian cities, led by the likes of Melbourne and Toronto, will dominate.” Read Article

ChipCare Closes Oversubscribed $5 Million Series A Financing

Wed, 04 Mar 2015 00:00:00 GMT
ChipCare Corporation, a University of Toronto start-up company commercializing a handheld, blood-testing platform for HIV and other infectious and non-communicable diseases has closed a $5.045 million Series A financing to bring its first-generation product to market while further developing the platform's next generation products. Insufficient access in remote health settings to simple, accurate and affordable diagnostic tests makes it difficult to provide timely, evidence-based clinical care. Current technology within central laboratories cannot fulfill the existing need in remote health settings, including community-level health facilities, remote communities, emergency departments, ICUs and doctors' offices. The result is millions of preventable deaths from infectious and non-communicable diseases globally, reduced economic growth, and limited human development. Read Article

U of T biomedical engineer wins women in science prize

Wed, 04 Mar 2015 00:00:00 GMT
A University of Toronto researcher known for applying engineering principles to medical problems has garnered a top international award for women in science. Molly Shoichet, a professor of chemistry and biomaterials and biomedical engineering, was named a winner of the 100,000 euro ($140,000 Cdn) prize, which is co-sponsored by UNESCO and the cosmetics company L’Oréal. The prize is awarded annually to five female researchers, each representing a different geographic region. Prof. Shoichet is this year’s North American winner, the first Canadian to claim the prize since 2009. Read Article

Genies, vampires and fan fiction give Wattpad a lead against Amazon

Wed, 04 Mar 2015 00:00:00 GMT
Wattpad Technology Inc. has become the world’s biggest online story-sharing community, with 40 million people a month reading and writing stories about lamp-dwelling genies, vampire wives and dreamy trysts with boy bands. Now the Toronto startup, backed by investors including OMERS Ventures, is looking for ways to boost revenue as Amazon.com Inc. fires up a similar service. Read Article

6 Exciting Canadian Accelerators to Watch in 2015

Tue, 03 Mar 2015 00:00:00 GMT
Canadian startups and accelerators are working hard not just to build an innovative startup ecosystem, but to make one which is uniquely Canadian. That means a community which embraces multiculturalism, creativity, and discipline. The work is paying off as accelerators build dynamic ecosystems throughout Canada. Add to this the add-on effects of other Canadian startups providing innovative new ways to handle issues like working capital financing and you’ve got the Canadian startup accelerator recipe for success. So here are a few accelerators you need to be keeping an eye on right now. Read Article

Picatic Launches New Website, Opens Office in Toronto

Tue, 03 Mar 2015 00:00:00 GMT
Picatic has launched a new website it feels better reflects the company's philosophies. The Vancouver-based company's new site "changes user flow by having a sleek, one-page, one-touch website." It's about simplifying products, Picatic’s Brett Ede says. "That involves removing any unnecessary friction," he points out. Ede added that, for Picatic, it's about creating a "greater user experience from start to finish." Picatic also mentioned that it is launching a new office in Toronto. Read Article

Florida-based Raymond James agrees to purchase Canada’s Cougar Global Investments

Tue, 03 Mar 2015 00:00:00 GMT
Eagle Asset Management, the institutional money management arm of NYSE-listed Raymond James Financial has agreed to purchase Toronto-based money management firm, Cougar Global Investments Ltd. Terms of the acquisition of Cougar – which has about US$1 billion under management – were not disclosed. Eagle, which is a wholly-owned unit of RJF, has about US$30 billion of institutional and retail client assets under management. Subject to regulatory approval, Cougar, which was formed in 1993, will become an affiliate of Eagle and a wholly-owned subsidiary of Raymond James Financial. (RJF has a Canadian securities unit that offers investment banking, institutional equities and retail brokerage services to its clients.) Read Article

What’s all the Hubub? Toronto social-media start-up aims to make a mark with engaged users

Tue, 03 Mar 2015 00:00:00 GMT
Facebook is running a new batch of TV commercials, but that’s one front where Hubub has the social media giant beat. The Toronto-based start-up had a Super Bowl commercial in Canada that is still airing, introducing people to its new social platform. So what the heck is a Hubub? With the tag line, “Your Interest Internet,” it is a topic-based site that wants to become a place where users discuss things online. People sign on and create or follow Hububs for all kinds of interests, from Sports Brawls to Human Rights in Korea. What makes this site different is beyond comments, there’s a rich media experience: users can post images, blogs, articles and polls, and pose questions for debate. Read Article

UK retailer Reiss to open first Canadian store in Toronto

Mon, 02 Mar 2015 00:00:00 GMT
Reiss, the UK company behind several of Kate Middleton's favourite closet staples, is about to open their first Canadian location on the top floor of the Eaton Centre. Expect elegant, mid-priced cocktail dresses and separates for the ladies and monochromatic suiting and weekend wear for the guys. (Look for some more Yorkville-style swankifying happening in that stretch of the shopping centre, with Hugo Boss and Kate Spade about to open up just a few doors down.) Read Article

Financial innovation collaboration forum focuses on big data analytics, cybersecurity and the customer experience

Mon, 02 Mar 2015 00:00:00 GMT
A long list of topics dominated the conversation among Ontario's innovation research community, start-up technology firms and financial services companies. From big data and cybersecurity, to accessing talent and gaining customer insights, participants discussed how to improve collaboration between Toronto region's financial companies and the technology innovation community or "fin-tech" sector. More than 150 financial executives, researchers, academics, government officials and representatives of "start-up" technology companies and innovation incubators came together February 26th to discuss ways to work together for mutual benefit. The event was the first outcome of the new partnership between the Toronto Financial Services Alliance (TFSA) and Ontario Centres of Excellence (OCE), launched earlier this year. Read Article

Amex expands partnership with Toronto’s Pearson Airport

Mon, 02 Mar 2015 00:00:00 GMT
For American Express Co., exclusivity is a marketing mantra. The credit-card company advertises that its customers are members of a kind of club, and its product perks as the advantages of membership. That approach has extended to its multimillion-dollar marketing partnership with the Greater Toronto Airports Authority, signed in 2012. The deal has given American Express access to travellers at Canada’s largest airport, and partly, to show competitors’ customers how they are missing out. The company sponsored free wireless Internet connections for everyone, but also introduced a fast-lane through security, prominently branded for card members only, exclusive lounge access, and priority lanes for taxis and limos. Read Article

The energy builds: The vast construction site reshaping Toronto’s waterfront lands will create an eco-friendly environment for workers and residents alike

Mon, 02 Mar 2015 00:00:00 GMT
It may take another decade, but if all goes as planned, Toronto could very well hold bragging rights to the world’s most enviable waterfront. Not only that, but those residing a hop, skip and a jump from the water’s edge will be able to boast that they’re truly living green. Take the Aqualina and Aquavista at Bayside condominium buildings in Waterfront Toronto’s East Bayfront neighbourhood as an example. Tridel has two NETZED (net zero energy dwelling) suites up for grabs there that promise the ultimate in green living. The penthouses - at 1,182 and 696 sq. ft. respectively - get their hot water and electricity from the roof’s solar panels during the day and use the building’s energy come nighttime. It’s all about creating the smallest carbon footprint possible, and Tridel senior vice-president Jim Ritchie couldn’t be more excited. Read Article

Massey Hall’s Major Facelift Kicks Off

Mon, 02 Mar 2015 00:00:00 GMT
Massey Hall’s projected seven-year, $135-million revitalization project kicked off today, with representatives of the federal and provincial governments in tow to announce respective $8-million investments in the project’s privately and publicly funded first phase. The 120-year-old concert hall will remain open for this first phase of the project, which is slated to wrap up in 2019. A second phase to reconstruct the building’s interior will close the hall for 18 to 24 months. The project will see the removal of the Albert Building adjacent to the Hall in addition to a southern expansion helmed by KPMB Architects. Read Article

Triton Global expands into Canada

Fri, 27 Feb 2015 00:00:00 GMT
Triton Claims, the commercial claims management arm of Triton Global, has expanded into Canada with the opening of a new office in Toronto. The Canadian operation will be led by Krystyna Kouri, vice president of Triton Claims Canada. Kouri previously served as complex claims director at AIG Canada; prior to that she was claims counsel at Liberty International and at Encon. Dino Zenarosa takes up the role of assistant vice president of Triton Claims Canada. He joins from Cott Corporation where he was claims manager and prior to that, was senior claims examiner at Catlin Canada. Read Article

Bloomberg channel to come to Canadian TV

Fri, 27 Feb 2015 00:00:00 GMT
With plans to launch a new business news channel in Canada, Bloomberg LP is making a bold bet on a profitable but uncertain corner of the television market. The new network, Bloomberg TV Canada, is set to launch in mid-2015, based in downtown Toronto. It is a partnership with Channel Zero Inc., an independent media company with experience in news that also owns a suite of specialty channels. Read Article

IBM Looks to Strengthen Presence in Toronto by Partnering with Local Startups

Fri, 27 Feb 2015 00:00:00 GMT
IBM plans to pursue more partnerships in the Toronto area and working with local startups will be a big focus, according to Sandy Carter, the general manager for IBM Ecosystems and Social Business Evangelism. While Carter wouldn’t say much about the exact details and timing of the plan, it’s likely to share some similarities with the Digital.NYC program. That program saw the industry giant partner with several groups, including the mayor of New York City and a venture capital firm, to create an online hub for information and resources for and about the city’s tech community, particularly startups, as well as organize offline events. Read Article