Tuesday October 25, 2016


Disrupters & Enablers

SecureKey is one of the World's 100 Leading Fintech Innovators For 2016

SecureKey Technologies, a Toronto regtech company founded by Greg Wolfond (right) listed at 42; there was US$14.6bn invested in these 100 companies in 2016

San Francsico - Fintech Innovators, a collaboration between fintech investment firm H2 Ventures and KPMG Fintech, announced the third annual Fintech 100 list of the world's leading innovators for 2016. The annual list includes 50 "Established" fintech companies across the globe, as well as the most intriguing 50 'Emerging Stars' – exciting new fintechs with bold, disruptive and potentially game-changing ideas. The level of funding has continued to rise for the Fintech 100, with companies on the list attracting an additional US$14.6bn of capital since last year's report, just 12 months ago.


Study finds children’s eyesight worsening sooner than previous generations

Spending one additional hour outdoors significantly lowers odds of nearsightedness

Waterloo - New research from the University of Waterloo’s School of Optometry and Vision Science and CNIB found nearsightedness in children increases drastically from Grade 1 to Grade 8, with almost a third of the cases going undiagnosed and uncorrected.

Better Business - SCAMS

Crackdown in Mumbai impacts CRA Tax Scam

Vancouver, BC – A recent bust of a call centre in Mumbai, India seems to have led to a dramatic drop in the dreaded Canada Revenue Agency Tax Scam. The scam took the top spot in this year’s National Top 10 Scams list and BBB is pleased to see the impact the raid in India appears to be having.

Trade Competition

Ontario's best stone masons compete at Waterloo campus

Conestoga’s Roofing Skills and Training Centre at the Waterloo campus hosted the province’s best stone masons on October 5 for the Bricklayer 500 Ontario regional championship. The Bricklayer 500 was established by SPEC MIX, Inc. in 2003 to showcase the skill and craftsmanship of professional masons. Winners from regional competitions held at 22 locations throughout Canada and U.S. advance to the World Championship in Las Vegas on January 18, 2017.

Council Matters

Key decisions from Kitchener City Council – Oct. 24, 2016

Key decisions is a snapshot of the major items presented at the October 24, 2016 City of Kitchener council meeting.

Council Matters

City of Waterloo council summary from October 24, 2016

The council summary provides a snapshot of the major items presented at City of Waterloo's October 24, 2016 council meeting.


GRCA Awards, scholarships and grants

The Grand River Special Recognition event took place last week to present the 2016 Grand River Watershed Awards, scholarships and Community Conservation Grants. The evening was jointly organized by the Grand River Conservation Authority and the Grand River Conservation Foundation. Listed are the 2016 award, grant and scholarship recipients.
2016 Grand River Honour Roll Award.

60th Anniversary

Laurier Psychology Department to celebrate 60th anniversary with annual Hunsberger Memorial Lecture

Waterloo – Wilfrid Laurier University’s Department of Psychology will kick off its 60th anniversary celebration with its 12th annual Hunsberger Memorial Lecture. The lecture, led by University of Western Ontario Psychology Professor Adrian Owen (left) from The Brain and Mind Institute, is entitled, "When thoughts become actions: Detecting awareness in the vegetative state."

Fund Raising

The results are in for the 7th Annual Mayor’s Souper Sampler for Meals on Wheels

Cambridge – In its 7th year, The Mayor’s Souper Sampler for Meals on Wheels continues to draw hundreds of people to Cambridge City Hall. This past Saturday, October 22nd, was a huge success thanks to fifteen local restaurants and caterers, dedicated sponsors and more than 400 attendees. The event raised over $4,300 for programs and services provided by Community Support Connections – Meals on Wheels and More (CSC).


Swiss doctors report success of using cells from the nose to repair damaged knee joints 2 years post operation

Basel - Swiss doctors report that cartilage cells harvested from patients’ own noses have been used to successfully produce cartilage transplants for the treatment of the knees of 10 adults (aged 18-55 years) whose cartilage was damaged by injury. Two years after reconstruction, most recipients reported improvements in pain, knee function, and quality of life, as well as developing repair tissue that is similar in composition to native cartilage.


Grant Thornton LLP & Canadian Chamber of Commerce announce 2016 Top 10 Private Business Growth Award Finalists

Celebrating sustainable and holistic business growth

Toronto - The Canadian Chamber of Commerce and Grant Thornton LLP proudly announce the 2016 Top 10 Finalists for the national Private Business Growth Award. This distinguished award pays tribute to the integral role that Canada's private businesses play in growing our country's economy.


League recognized as one of the top 50 fintech companies in the world

"Fintech 100" list highlights firms that are leading disruption in the global financial services industry

Toronto - League – the digital alternative to traditional health insurance – has been named as one of the world's leading fintech innovators in KPMG and H2 Ventures' annual Fintech 100 List.

Human Relations

Feeling sick this cold and flu season? stay home, say coworkers

Survey: More Than Eight in 10 Canadian Employees Have Gone to the Office When Ill

Toronto - Being under the weather isn't keeping workers out of the office, new research from staffing firm OfficeTeam shows. While 74 per cent of human resources (HR) managers interviewed said their company encourages staff to stay home when they're sick, 87 per cent of employees have gone to the office anyway. Thirty-two per cent of those who showed up to work while ill did so because they felt well enough to do their jobs; another 32 per cent said they didn't want to fall behind on assignments.


OLG Makes Second-Quarter Payment to Centre Wellington

Sault Ste. Marie – The Ontario Lottery and Gaming Corporation (OLG) issued a second-quarter (July to September, 2016) non-tax gaming revenue payment of $586,736 to the Township of Centre Wellington for hosting OLG Slots at Grand River Raceway. Since December 2003, Centre Wellington has received more than $25.7 million in non-tax gaming revenue.


Abuse of alcohol and/or illicit drugs is associated with an increased risk of schizophrenia in later life

Copenhagen - New research published at this year’s International Early Psychosis Association (IEPA) meeting in Milan, Italy (October 20-22), shows that alcohol, cannabis and other illicit drugs can greatly increase the risk of developing schizophrenia in later life. The study is by Dr Stine Mai Nielsen and Professor Merete Nordentoft, Copenhagen University Hospital, Mental Health Center Copenhagen, Gentofte, Denmark, and colleagues.

Genetic Basis

New testing method allows for more effective diagnosis of genetically-based high cholesterol

London - A new genetic testing method developed at Western University called LipidSeq can identify a genetic basis for high-cholesterol in almost 70 per cent of a targeted patient population. Using next-generation sequencing (NGS) technology, researchers were able to pinpoint specific areas of a person’s DNA to more effectively diagnose genetic forms of high-cholesterol, which markedly increase risk for heart attack and stroke.


Meatless Monday

UW School of Public Health and Health Systems encourages university and wider community to embrace Meatless Mondays

Waterloo - The School of Public Health and Health Systems (SPHHS) at the University of Waterloo announced its support of the global Meatless Mondays initiative. Meatless Mondays is a means of encouraging plant-based choices, one day each week.

Clean Capitalism

Plug'n Drive's President and CEO, Cara Clairman, receives the Clean50 Award

Toronto - Plug’n Drive’s Board of Directors is pleased to announce that Cara Clairman, President and CEO of Plug’n Drive, has been selected for the 2017 Clean50 award. Canada’s Clean50 awards are announced annually by Delta Management Group to recognize 50 individuals or small teams who have done the most to advance the cause of sustainability and clean capitalism in Canada over the past two years.


10th UNWTO/PATA Forum on Tourism Trends and Outlook commences in Guilin, China

Tourism is a strong contributor to poverty alleviation

Madrid, Spain - The World Tourism Organization (UNWTO), the Pacific Asia Travel Association (PATA) and the People’s Government of Guilin of China celebrate between 20-22 October the 10th UNWTO/PATA Forum on Tourism Trends and Outlook. The theme of this special 10th anniversary edition is ‘Tourism 10:10 - Looking back to look forward’.



New partnership will address community health-care needs

Conestoga has launched a new community-based supportive care fast-track training and education opportunity in partnership with ONE CARE Home & Community Support Services. Students who successfully complete the training will have the necessary skills and knowledge to provide personal care to clients in home and community settings throughout Stratford and Huron Perth. Students in the new training program started classes October 11; they will fill the growing demand for community-based supportive care workers in Stratford and Huron Perth.


Children born to parents with bipolar disorder or schizophrenia more likely to suffer mental health issues by age 7 years

Copenhagen, Denmark - New research presented at this year’s International Early Psychosis Association (IEPA) meeting in Milan, Italy (20-22 October) shows that children born to one or both parents with schizophrenia or bipolar disorder are more likely to suffer mental health problems by age 7 years. The study is by Assistant Professor Anne Thorup and Professor Merete Nordentoft, Institute of Clinical Medicine, Faculty Health and Medical Science, University of Copenhagen, Denmark, and colleagues.

New Paper

Cow Antibodies May Hold Cure to Fighting Human Diseases: U of G Study

Guelph - Cow antibodies may hold the secret for making novel vaccines against human diseases from gut infections to HIV to cancer, according to a new paper by University of Guelph scientists. In an advance over existing vaccine technologies, the study found that the team’s engineered antibodies grafted with a microbial antigen improved immune response against a major respiratory disease in cattle, says Prof. Azad Kaushik, (left) Department of Molecular and Cellular Biology.

The Quantum World

Christie projectors light up QUANTUM: The Exhibition at THEMUSEUM in downtown Kitchener

Exhibit produced by the Institute for Quantum Computing at the University of Waterloo, and selected as a Canada 150 Signature Initiative

Kitchener - Christie projectors are bringing quantum science to life in a new exhibit at THEMUSEUM in downtown Kitchener, Ontario. QUANTUM: The Exhibition will run from October 14, 2016 – January 1, 2017, and then depart on a Canada-wide tour throughout 2017.


University of Waterloo completes 113th convocation

Waterloo - More than 2,200 students received degrees as part of the University of Waterloo’s 113th convocation, which took place this week. There were 1,279 undergraduate degrees and 970 graduate degrees conferred. "It is so important for me to connect with students, as I’ve done with many, including from this graduating class,” said Feridun Hamdullahpur, president and vice-chancellor of Waterloo. “They are filled with excitement about what comes next for them, and I am confident that their years of hard work here, their curiosity and their will to make the world a better place will support them as they start the next exciting stage of their lives."


Creating Healthy Families Conference Offers Key Findings to Community

Guelph What makes a healthy family? Find out at the inaugural Creating Healthy Families Together conference at the University of Guelph Saturday, Oct. 29.


Arts Funding Strategies


Event Celebrates Completion of GTAN Backed Film “Blood Hunters”

Kitchener - The Golden Triangle Angel Network (GTAN) joined by investors and start-up founders from all over Kitchener-Waterloo’s tech sector and celebrated the completion of Blood Hunters, a film by Canadian director Tricia Lee.

Start-up Ventures

New Program For Venture Cap Investors in Ontario to Benefit Ventures in University of Toronto’s Creative Destruction Lab

Toronto – For the first time in Canada, start-up ventures will be permitted to raise funding from venture cap investors through a two-year program authorized by the Ontario Securities Commission. The new program is part of the OSC LaunchPad initiative, the first innovation hub introduced by a Canadian securities regulator aimed at improving the integration of Fintech companies entering the regulatory framework.



Wanis Kabbaj: What a driverless world could look like

What if traffic flowed through our streets as smoothly and efficiently as blood flows through our veins? Transportation geek Wanis Kabbaj thinks we can find inspiration in the genius of our biology to design the transit systems of the future. In this forward-thinking talk, preview exciting concepts like modular, detachable buses, flying taxis and networks of suspended magnetic pods that could help make the dream of a dynamic, driverless world into a reality. Wanis Kabbaj works at the intersection of biology and transportation.


Philippa Neave: The unexpected challenges of a country's first election

How do you teach an entire country how to vote when no one has done it before? It's a huge challenge facing fledgling democracies around the world — and one of the biggest problems turns out to be a lack of shared language. After all, if you can't describe something, you probably can't understand it. In this eye-opening talk, election expert Philippa Neave shares her experiences from the front lines of democracy — and her solution to this unique language gap. Philippa Neave is senior advisor on the UN's Lexicon of Electoral Terminology.


Trade & Economy

Ontario and Québec Working Together to Drive Economic Growth

Partnerships Will Help Consumers and Create Conditions for Businesses to Thrive

Queen's Park - Ontario Premier Kathleen Wynne and Québec Premier Philippe Couillard today held a joint meeting of cabinet ministers in Toronto. Focused on innovation and the economy, the meeting generated seven agreements between the two governments.


Ontario Nominates New OLG Board Chair

George L. Cooke Would Continue OLG’s Transformation

Queen's Park - Ontario has nominated George L. Cooke as the new Chair of the Ontario Lottery and Gaming Corporation (OLG). Mr. Cooke has decades of senior leadership experience, including more than 20 years as President and CEO of The Dominion of Canada General Insurance Company. He is also Chair of the Ontario Municipal Employees Retirement System Administration Corporation and the Canadian National Insurance Crime Services. In January 2015, Mr. Cooke was appointed as a member of Ontario's advisory committee reviewing the mandates of The Financial Services Commission of Ontario, The Financial Services Tribunal and The Deposit Insurance Corporation of Ontario.


Ontario Building 28 New Schools

Students to Benefit from Modern Learning Environments

Queen's Park - Ontario is building 28 new schools, and expanding and renovating another 23 to support more than 21,000 students across the province as they learn and grow. This investment will ensure students are learning in high-quality, modern buildings that can better support their achievement and well-being.


Ontario to Introduce Bill to Modernize Elections

Measures Include New Vote-Counting Technology and Enhanced Youth Engagement

Ontario intends to make it easier to vote and engage more people in the democratic process, including youth. Today Ontario will introduce the Election Statute Law Amendment Act that would, if passed, implement a number of recommendations made by Ontario's Chief Electoral Officer to promote voter participation and improve the voting experience, modernize the election process, and provide clearer rules to parties and candidates before and during elections.

Energy Rates

NDP says $2.6 billion tax break for Hydro One should benefit ratepayers

"Minister of Finance said the benefit would be used to “facilitate greater value for [the] corporation” instead of reducing rates"

Queen's Park– Last week during Question Period, Ontario NDP Leader Andrea Horwath called on the Premier and the Finance Minister to guarantee that the $2.6 billion dollar tax break they gave to Hydro One when it was privatized be passed on to people who are struggling to keep up with their skyrocketing hydro bills.


Cost of Consumer Goods/Services

Consumer Price Index for September 2016

Ottawa - The Consumer Price Index (CPI) rose 1.3% on a year-over-year basis in September, following a 1.1% gain in August. Excluding gasoline, the CPI was up 1.5% year over year in September, after posting a 1.7% increase in August.


Wholesale trade for August 2016

Ottawa - Wholesale sales advanced 0.8% to $56.8 billion in August, a fifth consecutive gain. Five of the seven subsectors, representing 80% of total wholesale sales, reported increases. The miscellaneous subsector and machinery, equipment and supplies subsector contributed the most to the rise.

Broadcasting Regulation

CRTC, Can Con policy are overdue for an overhaul

Commission which held its first meeting when Pierre Trudeau became prime minister hasn’t kept up with fast-changing and dynamic broadcasting and telecoms sectors - by Sean Speer and Len Katz

Ottawa – A new paper from the Macdonald-Laurier Institute is laying out a blueprint for how to turn the CRTC, the regulator of broadcasting and telecommunications, from a counterproductive drag on progress to a leading influence in making Canada a digital innovator.


Retail trade for August 2016

Ottawa - Retail sales edged down 0.1% to $44.0 billion in August. Lower sales at motor vehicle and parts dealers, and general merchandise stores were the main contributors to the decline. Excluding these two subsectors, retail sales were up 0.2%. Sales were down in 7 of 11 subsectors, representing 57% of retail trade. After removing the effects of price changes, retail sales in volume terms decreased 0.3%.


CETA Stalemate a Serious Setback for Economic Growth, says Canadian Chamber CEO

Ottawa - The collapse of talks between Canada and European Union around the Comprehensive Economic and Trade Agreement (CETA) represents a serious setback for efforts to restore economic growth, says the Canadian Chamber of Commerce.

Natural Gas

Natural gas transmission, storage and distribution for August 2016

Ottawa - Natural gas transmission pipelines received 533.6 million gigajoules of natural gas from fields, gathering systems and gas plants in August. Of the seven provinces that recorded receipts, Alberta (71.8%) and British Columbia (24.9%) received the majority.


Degree of provincial government involvement in Canada-EU trade deal unique among federations

Montreal – The direct participation of provincial and territorial governments in the negotiation of the Comprehensive Economic and Trade Agreement (CETA) with the European Union was a unique opportunity, says a new paper from the Institute for Research on Public Policy.


Investment in new housing construction for August 2016

Ottawa - Total investment in new housing construction rose 2.4% year over year to $4.7 billion in August. The increase at the national level was attributable to higher investment in apartment building construction (+9.2% to $1.7 billion) and row house construction (+7.8% to $455 million).


Development Fundamentals

Ukrainians to Benefit from Increased Security of Gas Supply and Heating this Winter

Washington – The World Bank’s Board of Executive Directors approved a US$500 million guarantee from the International Bank for Reconstruction and Development (IBRD). This guarantee will help Ukraine’s Naftogaz, the national gas company, secure better commercial and financing terms to purchase the gas Ukraine needs to meet the demand of heating companies, households, power producers and industrial consumers. This is particularly key to ensure adequate gas imports for this winter.

Jurisdictional Council

World Economic Forum Launches ASEAN Regional Business Council Supported by 55 Major Companies

The World Economic Forum together with its business members will launch a new ASEAN Regional Business Council (RBC); The RBC will promote public-private cooperation on the most pressing issues in South-East Asia

Ha Noi, Viet Nam – Fifty-five leaders of major companies are joining forces to promote public-private cooperation on the most pressing issues facing South-East Asia. The ASEAN Regional Business Council (RBC) will be launched in Ha Noi at the World Economic Forum on the Mekong Region.


Business Brief on The Eurasian Economic Union

Toronto - CERBA-Montréal will present a seminar on the Eurasian Economic Union (EEU) with Ambassadors of the member countries i.e. Armenia, Belarus, Kazakhstan, and the Russian Federation. They will present their vision of the this new economic space.


NFU commends Wallonia for standing firm in opposition to CETA

Without Wallonian support Belgium cannot sign the deal.

Saskatoon - Last Friday Canada’s Trade Minister Chrystia Freeland conceded defeat in her efforts to convince the Belgian province of Wallonia to drop its opposition to the Canada-European Union Comprehensive Economic and Trade Agreement (CETA). Without Wallonian support Belgium cannot sign the deal. CETA cannot be ratified unless all 28 European Union (EU) member states agree. While EU Trade Commissioner Cecilia Malmström expressed hope that the deal could be salvaged, it is clear that the scheduled October 27 ratification will not take place. The National Farmers Union (NFU) commends Wallonian Minister-President Paul Magnette for resisting the intense pressure to change his position.


4th World Tourism Conference focuses on the ‘tourists first’ – improving the visitors experience

Madrid, Spain - Malaysia, the second most visited destination in South East Asia, has hosted the 4th edition of the World Tourism Conference (WTC) jointly organized between the World Tourism Organisation (UNWTO) and the Ministry of Tourism and Culture Malaysia (MOTAC).


Chart of the Week

What a difference a year makes!

by Mike Hayhoe

A year ago oil was $45 on its way to $26 in February. We are now back above $50 on the back of planned OPEC cutbacks and reduced supply from US shale.

Breakfast Seminar - October 28, 2016

CFFB- Engaging Employees & Getting Staff to buy In

Keynote: Steve Malinowski (left), Kraus Flooring.

7:00am to 10:00am
Golf's Steak House


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