Canada praises economic ties with China

Fri, 24 Oct 2014 00:00:00 GMT
The relationship between China and Canada in the energy markets is emblematic of the growing economic ties between the two countries, said Canada's Minister of Finance Joe Oliver. "There is great complementarity between our two countries in the area of energy," said Oliver, who spoke to economists and business leaders at the Canadian Embassy in Beijing on Monday. "Canada has a strategic need to diversify our markets, and China has a strategic interest to diversify its source of supply," said Oliver, who was in China for the Asia-Pacific Economic Cooperation (APEC) forum. Oliver said the relationship is crucial in a "weak global economy filled with uncertainty". Oliver also called the recent Foreign Investment Promotion and Protection agreement between the two countries, enacted on Oct 1, "a significant accomplishment". Read Article

New Partnership Will Allow Aerospace Innovation to Soar in Ontario

Fri, 24 Oct 2014 00:00:00 GMT
Ontario's aerospace industry is about to boldly go where it hasn't gone before as the result of a new research and development partnership. Ontario Centres of Excellence (OCE) and the Ontario Aerospace Council (OAC) are teaming up with the newly formed Consortium for Aerospace Research and Innovation in Canada (CARIC) to take the province's aerospace sector to new heights in innovation. The partnership, announced by Reza Moridi, Ontario's Minister of Research and Innovation at OCE's Annual General Meeting on Oct. 21, will have the three parties work together to identify and develop opportunities for increased industry-academic R&D collaborations in Ontario, home to an aerospace sector second in size only to Quebec as Canada's largest. Read Article

MaRS HealthKick 2015 Now Open to Health Ventures Across Canada

Fri, 24 Oct 2014 00:00:00 GMT
MaRS HealthKick 2015, Canada's largest health venture showcase, is expanding its business pitch competition beyond Ontario to include health startups from across the country. Building on the success of last year, HealthKick 2015 will give up to 45 health ventures the chance to pitch cutting-edge health technologies and products to a 300-person audience of leading Canadian and U.S. venture capitalists, investors, entrepreneurs, c-suite leaders and industry partners. Read Article

Pence leading jobs mission to Canada to attract business

Thu, 23 Oct 2014 00:00:00 GMT
Governor Mike Pence led a delegation of Hoosier business officials Wednesday on a jobs and economic development mission to Toronto, strengthening Indiana’s economic ties with Canada and marketing Indiana’s business development success story. “Canada is already the destination for billions of dollars’ worth of Hoosier-built products,” said Pence. “This trip will be dedicated to boosting bonds with existing partners in Toronto and supporting new relationships as we pursue every opportunity to win more Hoosier jobs.” Read Article

Sustainable ambition on Lake Ontario: Waterfront Toronto set to be North America’s largest green building undertaking

Thu, 23 Oct 2014 00:00:00 GMT
Larger than Lower Manhattan south of Houston Street, and four times the size of Monaco, the $4.4 billion, 1,977-acre, 40,000-residence Toronto waterfront revitalization project is intended to position the city and province of Ontario as a world leader in creating sustainable communities, with buildings and neighborhoods that aim to be among the greenest on the planet. Read Article

Canadian businesses see dollar signs around Internet of Things trend

Thu, 23 Oct 2014 00:00:00 GMT
Canadian small to mid-sized businesses are more keen about the growing Internet of Things (IoT) industry than even their counterparts are, according to a new survey released on Wednesday by security vendor AVG Technologies. When asked if IoT would help them make more money, 76 per cent of Canadian businesses said they believe that it will, compared to 57 per cent on average, and only 49 per cent in the U.S. AVG had market research firm Vanson Bourne conduct 1,770 interviews of decision makers at organizations between 1-500 employees in Canada, the U.S., the U.K., Germany, and Australia. The public sector was not included in this survey, conducted during the month of September. Read Article

Meet the 5 startups from India chosen to be incubated in Canada

Thu, 23 Oct 2014 00:00:00 GMT
With countless startups sprouting in every nook and cranny of India, it is tough to find the most innovative ones of all. One way of spotting them is through contests. Global accelerator program Zone Startups, a joint venture of Toronto-based Ryerson Futures Inc. and the Bombay Stock Exchange Institute, just announced the winners of the second edition of its Next BIG Idea contest. This was held in collaboration with the Government of Ontario, Canada and IBM Global Entrepreneurship Program. The contest aimed to find the five most innovative technology companies that want to expand to the North America via a presence in Ontario, Canada. Read Article

Moody's Maintains Canada's AAA Credit Rating

Wed, 22 Oct 2014 00:00:00 GMT
Finance Minister Joe Oliver today welcomed the release of Moody’s Investors Service’s latest annual Credit Analysis Report for Canada. The report concluded, “Canada’s AAA rating and stable outlook continue to be supported by the country’s relatively solid economic performance, favorable trends in federal government finance and debt levels, and strong institutional and regulatory framework.” Read Article

Ontario Centres of Excellence award recipient has the potential to change the world in a heartbeat

Wed, 22 Oct 2014 00:00:00 GMT
Karl Martin, co-founder of Toronto startup Bionym, has won Ontario Centres of Excellence’s 2014 Martin Walmsley Fellowship Award for entrepreneurship for his company’s wearable identity management device, the Nymi. The award, which includes $25,000 in cash, was presented at OCE’s 2014 Annual General Meeting on Oct. 21. “Karl and his team have done great work in creating and commercializing their ground-breaking technology that is unique in the marketplace and OCE is proud to support and help to advance it,” said OCE President and CEO Dr. Tom Corr. “At the heart of Dr. Walmsley’s original vision for the Ontario Centres of Excellence was this kind of innovation. I want to congratulate the entire team at Bionym and wish them continued success.” Read Article

CIBC invests $1 million for innovative breast cancer research at Mount Sinai

Wed, 22 Oct 2014 00:00:00 GMT
CIBC today announced a $1-million investment to create and name an endowed scientist position for breast cancer research at Mount Sinai Hospital's prestigious Lunenfeld-Tanenbaum Research Institute in Toronto. Called the CIBC Breast Cancer Research Scientist, CIBC's donation will be matched by the Tanenbaum Research Endowment Fund, bringing the total investment in breast cancer research to $2 million . The scientist who will be named to this position will have the opportunity to work closely with a multi-disciplinary group of clinicians and scientists to translate important research into transformative models of care. Read Article

Zomato forays into Canada; to invest $10 million for expansion

Wed, 22 Oct 2014 00:00:00 GMT
Continuing with its whirlwind expansion and acquisition online restaurant search and discovery platform Zomato on Tuesday said it has started operations in Toronto, Canada and has earmarked $10 million for expansion in that market. According to a statement this is the company's first push into North America with the launch of its Toronto section. Zomato covers over 11,000 restaurants in the Greater Toronto Area and is available on web and mobile (iOS, Android, Windows Phone, and Blackberry). Read Article

Moody's: Canada's Aaa reflects solid economic performance although household debt is high

Tue, 21 Oct 2014 00:00:00 GMT
Canada's relatively solid economic performance, favorable trends in federal government finance and debt levels, and strong institutional and regulatory framework continue to support its Aaa rating and stable outlook, says Moody's Investors Service in its annual credit analysis report on the country. "After a recession at the time of the global financial crisis, the economy recovered and continues to show positive momentum, supporting improvement in government finance," says Moody's Senior Vice President Steven Hess. Read Article

Canada welcomes Moody's maintaining Canada's AAA credit rating

Tue, 21 Oct 2014 00:00:00 GMT
Canada welcomed the latest report by rating agency Moody's, which maintains Canada's AAA credit rating, a senior Canadian official said Monday. Moody's latest report once again proves the strength and stability of Canada's economic and fiscal environment, Canadian Finance Minister Joe Oliver said. "With a solid foundation and a return to balanced budgets in 2015, our Economic Action Plan will keep taxes low for Canadians while supporting the fundamental drivers of job creation and economic growth," Oliver said. Read Article

Industry Minister James Moore Celebrates Closer Canada-Israel Research Ties

Tue, 21 Oct 2014 00:00:00 GMT
Industry Minister James Moore today toured a new facility at the Peter Munk Cardiac Centre that is central to a joint project with Technion university, based in Haifa, Israel, and that is working to develop new cardiac medical devices that could help improve the well-being of Canadian heart patients. This important partnership will give Canadian and Israeli researchers and entrepreneurs the chance to take their valuable intellectual property and develop new products and services for the market. It will see Technion develop new cardiac medical devices, with the Munk Cardiac Centre conducting the testing on those devices, with the eventual goal of manufacturing these devices in both Canada and Israel. Read Article

Toronto's fastest broadband internet coming to new waterfront neighbourhoods

Tue, 21 Oct 2014 00:00:00 GMT
Waterfront Toronto and Beanfield Metroconnect announced today that residents and businesses in new waterfront communities will now enjoy the fastest and most economical high-speed Internet in the city. Waterfront residents and businesses will have among the highest performance Internet services in Canada and guaranteed "among the best in the world" network services for more than a decade. Beanfield will now be providing subscribers in new waterfront communities with 500 megabit per second symmetrical Internet connections (both uploading and downloading speeds). Residents will continue to receive this enhanced unlimited fibre-to-the-home Internet service at an exclusive rate of $60.00 per month. Read Article

China Mission Opens Door To New Opportunities: Toronto-based ChipCare Advancing Life-saving Technology

Tue, 21 Oct 2014 00:00:00 GMT
Ontario companies, like Toronto-based ChipCare, will be growing their business in new markets by participating in the Premier's China mission. ChipCare is developing a handheld device that provides detailed analysis of blood samples. The technology would support diagnosis and medical care for patients living in remote areas where reaching a clinic would be difficult. Read Article

Toronto: 'most multicultural city in the world'

Mon, 20 Oct 2014 00:00:00 GMT
To get a quick view of the demographic divide between this bustling Canadian city and Pittsburgh, just drop by the Urban Eatery in the city’s Eaton Centre on any weekday lunch hour. The 980 seats are filled with customers whose faces reflect every hue of the human tapestry. Mandarin and Tagalog mix with English and Farsi as diners chatter with each other. And the food shops range from standbys like KFC and Subway to counters offering shrimp tom yum, chicken shawarma, nabeyaki udon and Moroccan stew. Read Article

Minister of State Holder Announces Canada Research Chairs Whose Research Will Improve the Quality of Life, Increase Jobs and Opportunities for Canadians

Mon, 20 Oct 2014 00:00:00 GMT
The Honourable Ed Holder, Minister of State (Science and Technology), today visited the University of Toronto, where he announced 137 new and renewed Canada Research Chairs at 34 postsecondary institutions across the country. This $118 million investment, with an additional $7.9 million in infrastructure support provided by the Canada Foundation for Innovation, will help promote innovation and support top-tier talent at Canadian post-secondary institutions. Dr. Goldie Nejat, Canada Research Chair in Robots for Society at the University of Toronto, joined Minister of State Holder for today's announcement. Dr. Nejat's world-leading research is enabling robots to interact with humans in areas where robots could be of great help, such as health, emergency response, security and elder care. Read Article