WAM Development Group opens office in Toronto

Mon, 21 Jul 2014 00:00:00 GMT
North American commercial real estate developer WAM Development Group (WAM) has officially opened the doors to its Toronto office. The company also announced the hiring of Stefan Savelli as Senior Vice President, Retail. “Stefan’s years of experience in leasing and re-zoning will be a huge asset to our team,” said WAM president and CEO Darren Durstling. “We’re confident in his abilities to successfully take over and grow our complete retail portfolio.” Read Article

Notable Toronto startups team up with Homecoming to lure homegrown talent back to city

Mon, 21 Jul 2014 00:00:00 GMT
A group of significant Toronto startups including Wattpad, Shopify, InteraXon, Bionym, and Freshbooks have teamed up with Toronto Homecoming to launch an event designed to attract Canadians living abroad back to Toronto's "thriving technology startup ecosystem," a release stated. Read Article

Heritage Toronto's newest "boutique" walking tour distills city's history to 10 key spots

Mon, 21 Jul 2014 00:00:00 GMT
Heritage Toronto walking tours cover a lot of bases - everything from the history of Chinatown to the mansions of Jarvis Street, to the workers' history of Spadina. There's a lot to choose from. That's why, after two decades of offering walking tours, Heritage Toronto has added a new kind of tour--it's the tour to choose if you don't know what to choose. Read Article

The Top 10 Global Cities Sending FDI to the United States

Mon, 21 Jul 2014 00:00:00 GMT
Concentrated in and around Toronto, Ontario-based companies employ 256,500 workers in the United States. The Royal Bank of Canada and TD Bank lead in banking, Magna and Martinrea in the auto supply chain, Extendicare in nursing and care facilities, and Thomson Reuters in finance, information, and legal publishing. Read Article

How Canada’s Big Five banks have become the Big Three

Mon, 21 Jul 2014 00:00:00 GMT
Toronto-Dominion Bank, Royal Bank of Canada and Bank of Nova Scotia have bolstered assets more than fivefold in the past two decades, as the country’s three biggest lenders distance themselves from their smaller peers. A Bloomberg chart shows how Canadian Imperial Bank of Commerce, the nation’s largest lender in 1998, fell to fifth spot while Bank of Montreal, the No. 3 lender in the mid-1990s, slipped to fourth as the pace of asset growth lagged rivals. “Over the past 20 years, three banks have emerged as the big Canadian banks,” Peter Routledge, an analyst with National Bank Financial, said. “Those three banks have separated themselves in terms of size and diversity.” Read Article

Toronto To Host Sohn Foundation's First Investment Conference In Canada

Mon, 21 Jul 2014 00:00:00 GMT
North America’s investment community will have one more fixture to add to their calendars when the Sohn Conference Foundation launches its first event in Canada later this year. The Sohn Canada Conference, which is being organized in partnership with the Capitalize For Kids Foundation, is to be positioned as Canada’s premier investment forum. So far, the conference has attracted an impressive line-up of guest speakers, including billionaire hedge fund managers James Dinan (York Capital), Marc Lasry (Avenue Captial), Larry Robbins (Glenview Capital) and “Tiger Cub” Lee Ainslie (Maverick Capital). Read Article

Toronto Startups Rally to Recruit Expat Canadians Back Home

Fri, 18 Jul 2014 00:00:00 GMT
"Returning to Toronto was the best career move I've made, giving me the opportunity to join Bionym at such an exciting time," said Andrew D'Souza, President of Bionym. "The current wave of startup technology companies emerging from this ecosystem have enormous potential and represent trajectory-shifting career opportunities for those looking to take the next step as technology leaders. All of these companies have attracted capital, customers and partners from around the globe -- now they're looking to add world-class talent to build their businesses." Read Article

How a Toronto company is helping the world's creatives showcase their work

Thu, 17 Jul 2014 00:00:00 GMT
Format is a portfolio creation and hosting platform that helps showcase a creative professional’s work at its best. A simple but powerful toolset allows almost anyone to create a stunning website. Users can use that same toolset to easily tailor their website for mobile and tablet experiences. Moreover, unlike the portfolio websites of yesteryear, Format does not use Flash to showcase visual content, making any website made with its toolset faster to load. It was also created by a passionate group of people in Toronto. Read Article

Government Partnership with Ubisoft Supporting 800 New Jobs in Ontario

Thu, 17 Jul 2014 00:00:00 GMT
Premier Kathleen Wynne and Brad Duguid, the Minister of Economic Development, Employment and Infrastructure, visited Ubisoft Toronto today, where Ontario's partnership with the video game developer resulted in the creation of more than 330 highly skilled jobs with hundreds more on the way. The partnership leverages a $543-million investment from Ubisoft, which will create a total of 800 jobs by 2020. The Ontario government will build more successful partnerships through its new Jobs and Prosperity Fund. Included in the 2014 Ontario Budget, the new fund will create opportunities for workers in every region by helping businesses grow and create good jobs in Ontario. Read Article

Indiegogo Canada Moves into Toronto Coworking Studio, Partners on Crowdfunding Campaign

Wed, 16 Jul 2014 00:00:00 GMT
Earlier this month, Indiegogo Canada set up headquarters at the newly launched MakeWorks Studio. Founded by former Xtreme Labs Director Mike Stern, MakeWorks takes a brand new approach to coworking by providing a space where both digital and physical startups can work and collaborate. “Toronto needed a new kind of shared work space catering to the next generation of startups, products and services. We built MakeWorks to serve a more diverse group of startups, and the feedback so far has been overwhelmingly positive”, says Stern. Read Article

AskTheDoctor Raises $3 Million Angel Investment Round

Tue, 15 Jul 2014 00:00:00 GMT
ATD Health Network, owner of question and answer physician advice website AskTheDoctor, has raised an initial $3 million angel investment round from a group of Canadian and American physicians, business leaders, and celebrities. The investment group includes physicians who will consult for the team of doctors that serve the Toronto-based startup's clients with one-on-one expert advice to serve the people who turn to the web first for their health needs. Read Article

Startup culture on the rise at U of T

Tue, 15 Jul 2014 00:00:00 GMT
Startup culture is fast taking hold at U of T, with an array of incubators and accelerators providing student entrepreneurs the resources and mentorships required to get their businesses up and running. The University of Toronto Early-Stage Technology (UTEST) program, the Rotman School of Management’s Creative Destruction Lab, and the Faculty of Applied Science & Engineering’s Hatchery are among the growing handful of campus incubators. Read Article

Toronto company building a high-tech bike with brains

Tue, 15 Jul 2014 00:00:00 GMT
A Toronto-based company is building the bike of the future and has close to 600 Kickstarter backers pledging half a million dollars to help build the high-tech ride. With half a million dollars behind it, the bike of the future will do everything for its rider except tweet. The Vanhawks Valour is the latest Kickstarter sensation, with hundreds of backers ponying up at least $1,000 to become early adopters of the high-tech ride. Read Article

Baidu on the hunt for Canadian game developers

Tue, 15 Jul 2014 00:00:00 GMT
As mobile gaming becomes increasingly popular in China, Baidu Inc., China’s biggest search engine company, is visiting Vancouver and Toronto to see if it can strike productive relationships with Canadian game developers. Baidu, which is listed on the Nasdaq with a market capitalization of more than $66-billion (U.S.), accounts for around 70 per cent of Web searches in mainland China. But the company also operates a mobile gaming platform that sees upwards of 100 million application downloads a day. Read Article

Cisco and TO2015 Unveil Cisco TORONTO 2015 Countdown Clock

Mon, 14 Jul 2014 00:00:00 GMT
The Cisco® TORONTO 2015 Countdown Clock — a unique made-in-Canada technological innovation unveiled today in Nathan Phillips Square — will connect the Games and fans unlike any countdown clock before. "We're excited to bring the Cisco TORONTO 2015 Countdown Clock to the heart of downtown Toronto — the first of its kind in the world — and it will be an important landmark for local residents and visitors alike to announce the Games are quickly approaching," said Nitin Kawale, president of Cisco Canada. Read Article

Five tips for international brands expanding to Canada

Mon, 14 Jul 2014 00:00:00 GMT
When it comes to our big, beautiful country, a ‘one size fits all’ approach to introducing an international brand just doesn’t work. There are several extremely important factors to consider when entering new terrain, especially one as diverse as ours. But first, a bit of background on our company: First founded in Denmark in 2000 and now headquartered in London, England, Just Eat is the world’s largest and fastest-growing online restaurant and food ordering service and operates in 13 countries worldwide. Canada has grown into one of the largest and fastest growing countries in our international business. Read Article

Minister Goodyear Celebrates Innovation in Medical Imaging and Digital Entertainment

Mon, 14 Jul 2014 00:00:00 GMT
Minister of State Gary Goodyear and Don Valley West MP John Carmichael were in Toronto today to celebrate the success of two FedDev Ontario funded projects that strengthen local clusters in medical imaging and digital entertainment. They visited the Sunnybrook Research Institute to celebrate image-guided therapy technologies that are medical firsts not only in southern Ontario and Canada, but around the world. This includes a focused ultrasound technique that aims to alleviate pain in cancer patients, developed in partnership with Harmonic Medical, and catheter technology that allows clinicians to see heart and vessel structures in three dimensions, developed in partnership with Toronto-based Colibri Technologies. Read Article

New Canadian securities watchdog signs on two more provinces

Mon, 14 Jul 2014 00:00:00 GMT
Plans to create a national stock market regulator for Canada — headquartered in Toronto — took another major step forward with the announcement Wednesday that two more provinces have signed on. Saskatchewan and New Brunswick have joined Ontario and British Columbia as members of the Cooperative Capital Markets Regulatory System (CCMR), according to a statement released by the finance ministers of all four provinces, along with federal finance minister Joe Oliver. Read Article