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August 4 - August 11, 2010

Ted Talks

Sheena Iyengar on the art of choosing

Sheena Iyengar studies how we make choices - and how we feel about the choices we make. At TEDGlobal, she talks about both trivial choices (Coke v. Pepsi) and profound ones, and shares her groundbreaking research that has uncovered some surprising attitudes about our decisions.


University of Waterloo names Feridun Hamdullahpur as interim president

WATERLOO - The University of Waterloo's board of governors has named Feridun Hamdullahpur as interim president, effective Oct. 1.

Hamdullahpur, who currently serves as provost and vice-president academic, was appointed interim president late yesterday. He will occupy the office currently held by David Johnston, who has been appointed Canada’s next governor general and assumes the role on Oct. 1.

"I am pleased to advise that the board unanimously approved this recommendation and professor Hamdullahpur has agreed to serve as interim president, until such time as Waterloo's sixth president takes office," said Bob Harding, chair of the board of governors.

"Over the next several weeks, there will be many occasions to thank president Johnston, both formally and informally, for the quantum contributions he has made to the University of Waterloo and on behalf of the board let me do so now,” continued Harding. “Let me also, on behalf of the board, thank professor

World News

German rise in exports signals strong growth

World News - "Germany's recovery is gaining pace as the country leads Europe out of this year's debt crisis turmoil, with exports rising in June to their highest level since late 2008.

Quarterly Results

Manulife Financial Corporation Reports Second Quarter Results

TORONTO - Manulife Financial Corporation ("MFC") reported a net loss attributed to shareholders of $2.4 billion for the second quarter ended June 30, 2010, equating to a fully diluted loss per share of $1.36. For the second quarter of 2009, MFC reported net income of $1.8 billion or $1.09 per share.


Mid-Year 2010 Office Market Report for Canada, U.S.: Wide gap remains between Canada and U.S. office leasing markets as they work their way up the recovery curve

TORONTO - The Canadian and U.S. office leasing markets continue to work their way back to pre-credit crisis form. Though both markets have a ways to go before they return to historical norms, property market fundamentals may be turning more positive than anticipated, especially in Canada.


World economic crisis has spurred a record increase in youth unemployment says ILO

GENEVA (ILO News) -- The global youth unemployment rate has reached its highest level on record, and is expected to increase through 2010, the International Labour Organization (ILO) said in a new report issued to coincide with the launch of the UN International Youth Year[1] on 12 August.


Torstar Digital and Rogers Media form technology joint venture: Both invest to grow TOPS (Total Online Publishing Solution)

TORONTO - Torstar Digital and Rogers Media announced invest in TOPS, a leading edge, high volume content management system for internet media publishers.

Quarterly Results

Sun Life Financial reports second quarter results

TORONTO - Sun Life Financial Inc.(1) reported net income of $213 million for the second quarter of 2010, compared with net income of $591 million in the same period last year. Diluted earnings per share were $0.37 compared to earnings per share of $1.05 in the second quarter of 2009.

Quarterly Results

Magna Announces Second Quarter and Year to Date Results

AURORA - Magna International Inc. reported financial results for the second quarter and six months ended June 30, 2010.

Guest Column

Technology in Business: Use It, Don't Rely On It

Grab your blackberry and check your appointments, while you're at it, see if any of your clients have posted anything worthwhile on Facebook, tweet your new prospect, check your e-mail for any new appointment requests and then go grab lunch - what a day! More and more sales professionals are relying on technology to drive sales and increase market share; unfortunately that is the first step to staying mediocre.



TORONTO - Activity in Canada’s venture capital and buyout markets continued at a measured pace in the second quarter of 2010, according to the industry’s statistical report released by the CVCA-Canada’s Venture Capital & Private Equity Association and research partner Thomson Reuters.


EEG Predicts Response to Medication for Schizophrenia

HAMILTON - A commonplace electroencephalography (EEG) test may hold the key to predicting whether a person will respond to certain prescribed drugs, particularly those related to psychiatric conditions.

Union Statement

Massive Loss of Full-Time Jobs Terrible Set-back to Economic Recovery, says CAW President

TORONTO - CAW President Ken Lewenza called the loss of 139,000 full-time jobs a stunning reminder that the country still has a long way to go to recover from the dark days of the recession.


MEDA promotes unleashing entrepreneurship to alleviate poverty

Waterloo – In a post-economic crisis world there is a great need for unleashing entrepreneurship – hence the theme for this year's MEDA's Business as a Calling convention, Unleashing Entrepreneurship, Nov. 4-7 in Calgary, AB.


Worldwide study identifies the genes that control cholesterol levels

London - A worldwide study involving the genetic testing of more than 100,000 people has identified the genes that control lipid levels, in particular: LDL (bad cholesterol), HDL (good cholesterol) and triglycerides. It found 95 genes associated with lipid levels, including 59 identified for the first time.


CIGI Chair Jim Balsillie appointed to U.N. High-level Panel on Global Sustainability

Waterloo – Jim Balsillie, Chair of The Centre for International Governance Innovation (CIGI), has been appointed to the United Nations Secretary-General’s High-level Panel on Global Sustainability, the United Nations announced August 9, 2010.


Rogers Media to acquire BV! Media at $0.40 in cash per share: Rogers Media expands with national ad network products and further into the Quebec Internet market

TORONTO and MONTREAL - Rogers Media Inc. and BV! Media Inc. announced that they have entered into a definitive agreement pursuant to which Rogers Media will acquire all of the issued and outstanding Common Shares of BV! Media for $0.40 in cash per share.

Labour Statement


Toronto - The release of Statistics Canada’s monthly report on employment numbers, shows the Harper government is once again failing to help Canadians survive the recession, says the Toronto & York Region Labour Council.


World Bank urges nations to avoid food export bans

World News - "The World Bank on Monday urged countries to refrain from imposing policies that could trigger a new global food price crisis as drought-hit Russia said it could extend a grain export ban into next year.


July Housing Starts Higher in Kitchener

TORONTO - Canada Mortgage and Housing Corporation (CMHC) released July preliminary housing starts data for the Kitchener Census Metropolitan Area(1) (CMA). Construction began on 289 homes, up from the 260 units started in the same month last year.


Ontario Home Starts Decline in July

TORONTO - For a second consecutive month, Ontario preliminary Seasonally Adjusted Annual Rate (SAAR) of home starts across urban(i) centres moved lower in July. An estimated 51,100 residential housing units broke ground, down from a revised 52,500 units in June.

Life Sciences

MaRS Innovation Establishes Co-Managed Fund to Advance Transformative Healthcare Technologies

TORONTO - MaRS Innovation (MI) has signed a co-funding agreement with the Johnson & Johnson Corporate Office of Science and Technology to capitalize and accelerate the use of Toronto-based life-sciences technologies during the early stages of pharmaceutical and medical device development. The Translational Innovation Partnership Program (TIPP) is the first co-funding agreement of its kind for MI.


Alberta Surpasses Quebec as Preferred Place for Mining Investment, According to Global Mining Survey Update

TORONTO - Alberta is now seen as the world's most attractive jurisdiction for mineral exploration and development, ending Quebec's three-year reign as the preferred destination for mining investment, according to the Survey of Mining Companies: 2010 Mid-Year Update, released August 11, 2010 by the Fraser Institute, a public policy think-tank.

Guest Column

Three Rules of Social Media Marketing for Businesses Large and Small
By: Maurice A. Ramirez

Social networks like Twitter, Facebook, and YouTube have put the power of the media in hands of the average citizen. Entrepreneurs, information marketers, and college students have learned that they can be the media for audiences both large and small. They have also learned that the nightly news and the traditional print media will share their stories.


Following three quarters of improvement, the optimism of Canadian commercial real estate leaders has declined slightly

TORONTO - The Real Property Association of Canada (REALpac) and FPL Advisory Group announced the results from the Third Quarter 2010 REALpac / FPL Canadian Real Estate Sentiment Survey.

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During the months of July and August, Exchange Daiiy will be published weekly.


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