Thursday February 6, 2020
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MONITOR

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IP Broadcast

CBC/Radio-Canada Chooses Dejero for Field Contribution Technology

Dejero to provide CBC with transmitters, receivers, cloud and connectivity services as part of multi-year agreement

Dejero, an innovator in cloud-managed solutions that provide award-winning video transport and Internet connectivity while mobile or in remote locations, announced today that it has once again been selected as the primary field contribution solutions provider for Canada's national public broadcaster, CBC/Radio-Canada (CBC). As part of this renewed multi-year agreement, Dejero will help with CBC's transition to IP workflows. A major project that CBC is currently undertaking is relocating the broadcaster's French Services HQ to the groundbreaking all-IP 'Maison de Radio-Canada' (MRC) broadcast center in Montreal. Upon completion later this year, the new SMPTE ST 2110 compliant MRC will stand as one of the most advanced, state-of-the-art IP broadcast facilities in the world, supporting CBC's multiplatform and ever-increasing digital strategy. As a long-time partner of CBC in the area of field contribution, Dejero is supporting the all-IP infrastructure at the MRC by providing the national broadcaster with the latest Dejero solutions including WayPoint 204 SMPTE ST 2110 receivers, EnGo 260 mobile transmitters, rack-mounted PathWay transmitters, and the LivePlus mobile app for iOS and Android devices across the network. Dejero is also providing CBC with connectivity and cloud-management services.


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Remote Work

BlackBerry Secures the Modern Workforce with New Digital Workplace

New solution combines secure access with continuous threat protection powered by AI

BlackBerry Limited announced BlackBerry® Digital Workplace, a secure robust workspace that provides users simple and secure online and offline access to corporate on-premise or cloud content including Microsoft® Office 365® resources. "Unlike traditional workspace products that inhibit productivity in the name of security, BlackBerry Digital Workplace is easy to use and cost-effective, while simultaneously protecting users both online and offline," said Billy Ho, Executive Vice President of Enterprise Products at BlackBerry. "Built for virtual workers in the digital age, this solution leverages the power of artificial intelligence alongside BlackBerry's advanced networking and security features to give users an unparalleled level of productivity, security and flexibility."


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Home sales

Fewer Home Sales in January as the Number of Homes for Sale Continues to Elude Buyers in Kitchener – Waterloo

There were 281 residential homes sold through the Multiple Listing System of the Kitchener-Waterloo Association of REALTORS in January, a decrease of 8.2 per cent compared to the previous month. Contrasted to previous Januarys however, home sales last month were only 3.6 per cent below the previous 10-year average, and 3.8 per cent below the previous 5-year average. “For the third consecutive month sales were down in January,” says Colleen Koehler, President of KWAR. “Slower January sales are a result of fewer homes being put up for sale. This is causing further price acceleration as we have enough willing and able home buyers contending for those few homes that are available.” Total residential sales in January included 153 detached homes (down 19 per cent), and 39 condominium units (up 18.2 per cent) which includes any property regardless of style (i.e. semis, townhomes, apartment, detached etc.). Sales also included 21 semi-detached homes (on par) and 68 freehold townhouses (up 7.9 per cent).


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Xquarterly

ATS Reports Third Quarter Fiscal 2020 Results

ATS Automation Tooling Systems Inc. reported financial results for the three and nine months ended December 29, 2019. "Third quarter performance featured year-over-year growth in revenues," said Andrew Hider, Chief Executive Officer. "Operationally, we initiated a reorganization plan designed to reallocate capital from underperforming facilities to high-performing facilities to support growth and drive continued performance improvement. When complete, this plan will contribute to our margin expansion plans and improve our return on invested capital."





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Budget

Ontario Government Holds Budget Consultation in Elmira

The Ontario Government is asking people in Kitchener-Waterloo for their best advice on how to make life more affordable, invest in critical public services and balance the budget by 2023 through public consultations for the 2020 Budget. Yesterday, Minister of Finance Rod Phillips, Mike Harris, MPP for Kitchener—Conestoga, Amy Fee (photo), MPP for Kitchener South—Hespeler, and Belinda Karahalios, MPP for Cambridge, were in Elmira to host a public consultation for the 2020 Budget. The government is looking for ideas that will help build Ontario together by putting jobs, skills and workers front and centre, while continuing to focus on putting more money in people's pockets, connecting people to places, building healthier and safer communities, and making government smarter.


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City Governance

Big City Mayors’ Caucus meeting with key Federal Ministers

City of Kitchener Mayor Berry Vrbanovic, along with the Federation of Canadian Municipalities’ (FCM) Big City Mayors’ Caucus (BCMC), will be in Ottawa to craft a shortlist of their main 2020 budget recommendations. Their focus will be on turning election commitments into faster commutes, more affordable housing and concrete climate actions that benefit all Canadians.


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Money In

Canadian VC funding rose for the third consecutive year

Up 16% compared to 2018, Waterloo and Calgary rounded out the top markets as Waterloo-based companies raised $139M across 25 deals and Calgary-based companies raised $132M across 22 deals; Toronto continues its funding lead, topping $1.3B for the second year in a row as Montreal and Vancouver follow.

Canadian VC-backed companies raised $4.1B (all figures in USD) over 469 deals in 2019. This record funding amount also marked the third year of increased VC funding. While funding was up 16% compared to the previous year, deal activity was down 11%, according to the MoneyTree™ Canada report from PwC Canada and CB Insights. "Canadian venture-backed companies saw another robust year of record funding, driven by a strong second-half to close off the year. While total deal count did decline, median-deal size has risen by 13%, indicating a healthy and scaling ecosystem. Canada has stood out amongst its global peers as investors continue to recognize the value of Canadian innovation," said Sabrina Fitzgerald (photo), National Tech Sector Leader, PwC Canada.


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eDiscovery Cost

Controlling eDiscovery Spend, Security, and Cloud are Top Priorities for Enterprise Legal Departments

4th Annual Survey of Legal Operations Professionals released at Legaltech 2020.

OpenText announced findings from a new report launched at Legaltech 2020 in conjunction with Ari Kaplan Advisors. The report highlights the need to take control of eDiscovery costs, with AI, cloud and security all listed as top priorities for enterprise legal departments. “To gain advantage in litigations, successfully conclude investigations, and competently deal with regulatory matters, decision-makers must be able to cull germane information in real time,” said Serge Savchenko, Vice President, Legal Technology at OpenText. “The demand for speed – amid escalating risks and ever-growing amounts of data – is pushing legal departments and law firms to automate routine tasks and inject machine learning and AI into daily operations.”


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Trade

International Trade for December 2019 A smaller than expected trade deficit

The trade deficit declined to -CAD0.4bn in December, smaller than the expected -CAD0.6bn deficit; Exports rose due to a rebound in energy exports from a rail strike and a pipeline spill in November; Real non-energy exports and real imports point toward ongoing tepid external and domestic demand - By David Watt

The trade deficit was -CAD0.4bn in December. This was smaller than the expected -CAD0.6bn deficit. The November trade deficit was revised slightly to a deficit of -CAD1.2bn. In the month, exports were up 1.9%. The largest contribution to the increase came from the energy sub-sector as exports of oil rebounded following disruptions in November due to a rail strike and a pipeline spill that curtailed shipments. Exports were little changed otherwise. Imports were up by 0.2%, on a mixed performance with gains in consumer goods and aircraft offsetting declines in industrial machinery, electrical equipment, and motor vehicles. In real terms, exports were up 1.8% m-o-m. Despite that increase, goods exports were down at an annualized 5.5% pace in Q4. Imports were up 0.6% m-o-m, but were still down at an annualized 4.7% pace in Q4.


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Money and Relationships

Cost of Love in Canada 2020: Nearly One in Five Canadians Admit to Financial Infidelity, National Survey

Among financial secret keepers, 17 per cent admit the monetary value of their deceit exceeds $10,000

One in five Canadians are committing financial infidelity by keeping a secret around money or spending in their relationship, according to a new Cost of Love survey from Rates.ca. Money misrepresentations are most common among millennials, with almost 30 per cent of younger Canadians admitting to financial infidelity, and men are more likely (19 per cent) than women (13 per cent) to lie about money. Canadians who are dating or engaged are more likely to have a financial secret than those that are separated or married. Three in ten (31 per cent) Canadians are hiding purchases they make from their significant other. Almost one-third are concealing their poor credit score, 21 per cent have hidden cash, 14 per cent have hidden bank accounts, and 10 per cent have a secret line of credit or a long-term loan.





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Friction and Wear

The science of friction -- and its surprising impact on our lives

Tribology: it's a funny-sounding word you might not have heard before, but it could change how you see and interact with the physical world, says mechanical engineer Jennifer Vail. Offering lessons from tribology -- the study of friction and wear -- Vail describes the surprisingly varied ways it impacts everyday life and how it could help us make a better world.


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Health of Indigenous Peoples

Schulich Medicine & Dentistry appoints Indigenous Leader in Residence

The Schulich School of Medicine & Dentistry at Western University has appointed an Indigenous Leader in Residence with the aim of fostering an environment that is inclusive and culturally safe for all individuals and to specifically address the health of Indigenous peoples and communities. In this newly designed role, Danielle Alcock, PhD, who is a member of the Chippewas of Rama First Nation, will be the champion for all aspects of the School’s Indigenous Health Action Plan and guide the School in achieving the goals set out by the Truth & Reconciliation Commission of Canada’s Calls to Action specifically related to health care education. "Dr. Alcock brings the perfect mix of experience, knowledge, research and advocacy to the role in order to help Schulich Medicine & Dentistry achieve the goal of becoming a more inclusive space for Indigenous faculty, staff and learners and improving Indigenous health as a whole," said Dr. Jay Rosenfield, Vice Dean, Education at Schulich Medicine & Dentistry.


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Barter

Ontario Chamber and BarterPay Announce New Partnership

On Tuesday, the Ontario Chamber of Commerce (OCC) and BarterPay Canada Inc. announced a new affinity partnership to bring the BarterPay trading platform to members of the Ontario Chamber Network. Through the BarterPay platform, businesses can obtain a wide variety of goods and services that they need by trading excess, slow-moving inventory or idle time instead of using cash. Through this partnership, members of participating local chambers of commerce and boards of trade will be given exclusive benefits such as reduced activation fees, special promotions and access to BarterPay Small Business Barter Loans at 0% interest. “The OCC represents small and medium-sized businesses across a variety of sectors who are concerned about the rising costs of doing business. BarterPay provides an innovative solution that allows our members to acquire the goods and services they need by leveraging their excess capacity” says Rocco Rossi, President and CEO of the Ontario Chamber of Commerce. “As the indispensable partner of business, we’re excited to bring this revolutionary business tool to our provincewide membership.”


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Global Growth

Securing prosperity is up to all of us

by Carolyn A. Wilkins

Lower global growth and interest rates are a challenge for central bankers around the world. Senior Deputy Governor Carolyn A. Wilkins explains that Canada is well-positioned to secure prosperity and avoid a long period of slow growth if we take the right steps. Speech Title: Our Economic Destiny: Written in R-stars? “The fault, dear Brutus, is not in our stars, but in ourselves...”— William Shakespeare


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Milestone

Rogers contributed $14.1 billion to the Canadian economy last year

Company marks 60th anniversary of investing to connect Canadians

Rogers Communications announced it contributed $14.1 billion directly to the Canadian economy in 2019 through investments in Canadian jobs, content, communities and networks. “As a proud Canadian company, Rogers has a deep history and legacy of investing in Canada,” said Joe Natale, President and Chief Executive Officer. “Over the past 60 years we have invested to bring Canadians the best networks in the world. 5G is now here and we are once again investing to bring Canadians this new innovative technology on Canada’s only national network.”




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Extreme Weather Solution

Belfast Researcher creates drone system to give early warning on natural disasters and act as wifi hotspot

A researcher at Queen’s University Belfast has invented a low cost telecommunication system using drones which provides early warning on natural disasters and acts as a wifi ‘hotspot’ when phone signal is disrupted during extreme weather such as earthquakes, tsunamis or hurricanes. Last year there were 850 “natural catastrophes” across the world – a jump from 740 in 2017 and 500 a decade earlier - according to the Insurance Information Institute. Dr Trung Duong (photo), a Reader in the School of Electronics, Electrical Engineering and Computer Science, and a researcher at the Institute of Electronics, Communications and Information Technology at Queen’s University, has first-hand experience of battling extreme weather conditions. He explains: “Currently warning systems for natural disasters are very expensive, not always effective and are often easily damaged. “In Vietnam, monitoring stations are placed alongside the river which cover a small area. 25 of these stations would take around six months to build and cost nearly £0.5m. They only last four years but if extreme weather strikes, they are almost always damaged as they are so close to the water.”


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Data Sanitation

Research: More than half of the world’s largest enterprises fail to adequately communicate their data sanitization policies internally

Discrepancies between data sanitization policy creation and execution is putting sensitive data at risk; Thirty-three percent of respondents in the U.S. and Canada believe that flexible workers, who work at home or remotely, are the least likely to comply with data sanitization policies

New research launched by Blancco Technology Group, the industry standard in data erasure and mobile device diagnostics, explores the risks that some of the world’s largest enterprises are taking when creating, executing or communicating their data policies. In particular, Blancco’s study, Data Sanitization: Policy vs. Reality, produced in partnership with Coleman Parkes, reveals why these policies are not sufficiently defined and implemented to ensure the full data sanitization of their IT assets, throughout their entire lifecycle. Although 96 percent of the 1,850 senior leaders within these organizations have a data sanitization policy in place, 31 percent have yet to communicate it across the business.

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Mass Adoption

AI Will Transform Financial Services Industry within Two Years, Survey Finds

New survey finds 64% of financial services executives expect to become mass adopters of AI in just two years, 77% also anticipate AI to be of significant strategic importance; These firms expect to use AI for purposes beyond cost reduction including revenue generation, process automation, risk management, customer service and client acquisition; Currently, most firms invest less than 10% of R&D resources in AI despite evidence of accelerating returns

A new survey released by the World Economic Forum and the Cambridge Centre for Alternative Finance (CCAF) finds nearly two-thirds (64%) of financial services leaders expect to be mass adopters of AI in two years compared to just 16% doing so today. These firms plan to expand AI use to purposes beyond cost reduction, using AI for revenue generation, process automation, risk management, customer service and client acquisition. In Transforming Paradigms: Global AI in Financial Services Survey, over 150 senior financial services executives in both fintech and incumbent financial institutions responded to a range of questions on the impact AI will have on the industry, concluding that there will be a significant gap between firms that quickly implement AI and firms that lag behind. Currently, 60% of firms invest less than 10% of their R&D resources on AI despite evidence of accelerating returns. Pay offs have shown to be especially strong between investment levels of 10% and 30% as well as investment levels of 30% and >40%.




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EVENTS



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February 19, 2020

Picklers Unite! St. Mary’s Pickleball Cardiac Classic aims to perk your pulse this Heart Month



The Waterloo Pickleball Club will host players of all skill levels in a fun & friendly tournament supporting St. Mary’s Regional Cardiac Care Centre February 19th – 21st, 2020, on the courts at RIM Park Manulife Sportsplex. “Playing Pickleball provides a boost to the entire cardiovascular system, which helps to lower blood pressure and prevent stroke or heart attack. As well, the smaller court format of pickleball gives you a good aerobic workout without much stress and strain on joints and muscles, which can be a concern with other racquet sports.” Endorses Dr. Matt Chamberlain, Medical Director of St. Mary’s Cardiac Rehabilitation Program. www.supporstmarys.ca/pickleball


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February 20, 2020

Greater Kitchener-Waterloo Chamber of Commerce 2020 Business Excellence Awards Nominees!



The Business Excellence Awards Gala is a celebration that recognizes Greater Kitchener-Waterloo Chamber members who have made exceptional contributions through their involvement and leadership in the community. AND THE NOMINEES ARE...


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March 26, 2020

St. Mary's She Shares



Personal finance expert, Kelly Keehn will share wisdom related to the unique financial journey of women at St. Mary’s She Shares luncheon. By 2024, three generations of women in Canada are destined to control an estimated $3 trillion or 46% of personal wealth, are they ready? On March 26th, better equip yourself with a solid financial foundation, now, and in the future. Join women from across Waterloo Region for a luncheon with speaker Kelley Keehn, Canadian finance educator, award-winning author, and consumer advocate for the financial planning standards council. Learn more and get tickets at
www.supportstmarys.ca/sheshares


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November 5 - 7, 2020

Board Governance Boot Camp



Capacity Canada presents our annual Manulife Board Governance BootCamp November 5, 6 & 7, 2020 at the Doubletree by Hilton in Kitchener. This BootCamp delivers practical governance training to non-profit Boards and equips them with relevant action plans that will deliver a noticeable performance improvement in their boardrooms.



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