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The real reason female entrepreneurs get less funding
Women own 39 percent of all businesses in the US, but female entrepreneurs get only two percent of venture funding. What's causing this gap? Dana Kanze shares research suggesting that it might be the types of questions start-up founders get asked when they're invited to pitch. Whether you're starting a new business or just having a conversation, learn how to spot the kinds of questions you're being asked -- and how to respond more effectively.
Ontario's Government for the People is gaining support across Canada in its fight against the federal government's unconstitutional carbon tax. In addition to the Province of Saskatchewan, the Province of New Brunswick has now also joined Ontario's challenge to the federal government's Greenhouse Gas Pollution Pricing Act, which the Premier's office calls "an unconstitutional, disguised tax".
As the shopping rush reaches peak intensity before the holidays, a local debt expert is warning Ontarians to avoid taking on more debt or payday loans, as they try to cope with the pressures of last minute gifts and Christmas grocery shopping.
Economy perks up in October, but consumers remain cautious
GDP rose by 0.3% m-o-m in October. This was above the consensus expectation of a gain of 0.2%. Even with the upside surprise, GDP growth was as expected at 2.2% y-o-y. In the month there were 0.3% gains among both goods-producing industries and services-producing industries.
The Business Outlook Survey (BOS) was conducted from 5 November through 28 November. This is notable as it covers a period when one of Canada's main oil price benchmarks, Western Canada Select, was under intense pressure that eventually pushed the price, temporarily, below its February 2016 low. Through November, there was an increasingly urgent debate as to what should be done to respond to oil market developments. Eventually, in early December, the Alberta Provincial Government announced a mandated decline in oil production to start in January 2019.
Uber Advanced Technologies Group ("ATG") is returning to Toronto roadways with its self-driving cars in manual mode following the recent release of its self-driving Safety Report and summary of its top-to-bottom internal safety review. Starting today at 9:00 am ET, self-driving vehicles will begin manual driving with a Mission Specialist sitting behind the wheel controlling the vehicle at all times on city roads and highways near the Company's self-driving research and development hub located in the MaRS building. A second Mission Specialist will sit in the passenger seat. These vehicles will be driven in Toronto to collect data and fuel novel AI technology, automated mapping, and mapless driving research efforts.
A study of more than 400,000 critically ill adults in the UK, published in Intensive Care Medicine, shows that being shorter is associated with increased hospital mortality. The study is by Dr Hannah Wunsch Department of Critical Care Medicine, Sunnybrook Hospital, Toronto, ON, Canada, and colleagues at the University of Texas San Antonio, and the Intensive Care National Audit and Research Centre (ICNARC) in the UK.
Results from the winter Business Outlook Survey continue to indicate positive business sentiment and elevated capacity pressures in most regions. For firms in the Prairies, the outlook has weakened. The indicator on past sales growth is positive and higher than in the autumn survey, pointing to the generalized view that firms’ sales grew at a faster pace over the past 12 months. Conversely, over the next 12 months, firms expect sales growth to stabilize, as indicated by the balance of opinion near zero.
Kitchener – The City of Kitchener is seeking public input on its proposed 2019 budget, which will be considered by council throughout January. The proposed property tax increase of 2.3 per cent is below Ontario’s rate of inflation, and the review of 2018’s actuals versus budget is projecting a small surplus.
Federal Minister Bardish Chagger announced funding for a new five-year project with MEDA that will improve the economic resilience of women and youth farmers in Senegal. The project, valued at close to $18 million, will encourage farmers in the Sedhiou and Tambacounda regions of Senegal to adopt innovative technologies and best practices to ensure that their agricultural and irrigation practices are climate friendly. This will directly benefit 15,000 women and youth and improve the economic resilience of over 150,000 people in the region.
The C-Space Project recently unveiled its Mars Base set in the Gobi Desert, leaving many curious about its objectives. The C-Space Project, where the C stands for Community, Culture and Creativity, is an education facility for Chinese teenagers. It will teach them about space exploration and living on Mars. It plans to open to the public worldwide while aiming for the same objective.
An investor group led by Tim Morgan, announced that it will launch a Canadian ultra-low-cost-carrier (ULCC) service in 2019, bringing affordable, low-cost air travel to millions of Canadians by this time next year. Backed by significant financial commitments from a consortium of Canadian investors and Indigo Partners, LLC, a leading private equity firm specializing in the aviation industry, Enerjet, a licensed Canadian carrier, will be rebranded, expanded and transformed into an affordable air-travel choice for Canadian travelers. This Canadian ULCC will offer a simple, ultra-low-cost fare structure and an extensive network of destinations across Canada and into the US. Terms of the transaction, which closed today, were not disclosed.