Harald Haas: A breakthrough new kind of wireless Internet
What if we could use existing technologies to provide Internet access to the more than 4 billion people living in places where the infrastructure can't support it? Using off-the-shelf LEDs and solar cells, Harald Haas and his team have pioneered a new technology that transmits data using light, and it may just be the key to bridging the digital divide. Take a look at what the future of the Internet could look like. Harald Haas is the pioneer behind a new technology that can communicate as well as illuminate.
Unitron named one of Canada’s best small and medium employers
Kitchener Unitron, a global innovator of advanced hearing solutions, has once again been named one of Canada’s top small and medium business employers in Canada, by Aon Hewitt, a global leader in human resources solutions.
Toronto region’s Fintech sector poised for growth but “siloed” resources and players preventing formation of a true ecosystem
Toronto The Innovation Policy Lab at the University of Toronto’s Munk School of Global Affairs, released a report on the region’s financial services technology (“Fintech”) sector and its impact on the region’s future economic success. The report, which was commissioned by the Toronto Financial Services Alliance (TFSA), states that although there is great potential in the region, there is no true Fintech ecosystem and various factors are inhibiting its development this comes at a cost to the region’s overall economic growth.
COM DEV announces acquisition by Honeywell and spinout of exactEarth
COM DEV shareholders to receive up to $5.25 in cash plus 0.1977 of a share of exactEarth Ltd., for an aggregate implied transaction value of up to $6.54 for each COM DEV share; exactEarth to become standalone public company
CAMBRIDGE - COM DEV International Ltd. announced that it has entered into a definitive arrangement agreement with a subsidiary of Honeywell International Inc. pursuant to which (i) Honeywell will acquire the equipment business of COM DEV by way of an acquisition of all of the outstanding common shares of COM DEV for cash consideration of up to $5.25 per common share, representing an enterprise value of approximately $455 million, and (ii) the exactEarth Ltd. data services business will be spun out as a publicly traded company with COM DEV's shareholders receiving their pro rata interest in COM DEV's 73% ownership in exactEarth Ltd.
Significant Sell off
Hydro One Initial Public Offering Closes
Ontario On Track To Raise $4 Billion For Infrastructure Investments
Queens Park - Ontario is generating significant returns from broadening the ownership of Hydro One Limited, in order to help support the single largest investment in transit and transportation infrastructure in the province’s history - investing $130 billion over ten years and making 110,000 jobs possible each year.
The beginning of the end for HIV
London - Western University’s Eric Arts, PhD, is leading the only North American site collaborating with the European AIDS Vaccine Initiative (EAVI2020) to accelerate the development of an HIV vaccine.
First influenza case reported for 2015/2016 season in Waterloo Region
Waterloo Region - Region of Waterloo Public Health has received a report of the first locally acquired case of influenza A in Waterloo Region. Sporadic cases of influenza have been reported elsewhere in the province.
Wynne Heads to China on Second Trade Mission
Wants to Expand Existing Trade Markets that Lead to New Partnerships
Queens Park - After wrapping up a successful mission in California, Premier Kathleen Wynne has travelled to China to continue to promote Ontario as an ideal place to invest.
Christmas Shopping Survey
Canadian consumer expectations for holiday shopping exceed today's mobile shopping experience survey finds
Only 2% of Canadians will do most of their shopping on mobile apps or mobile-enabled websites; More than 70% would download retailer's app if it made their holiday shopping easier and nearly half of Canadians would shop in-store on Christmas Day
Toronto - Canadian consumers want a more mobile shopping experience, but retailers aren't keeping up with their needs, leaving them to buy gifts on more traditional channels such as stores and computers, Accenture's 2015 Holiday Shopping Survey reveals. In fact, nearly half enjoy in-store shopping so much that they are open to shopping right through Christmas.
Chart of the Week
Onwards & Upwards
Forbes reported the U.S. government has raised the debt ceiling 74 times since March 1962. The latest increase number 75 should help fund the government until March 2017 or so. U.S. government debt has grown six-fold since 1990, or twice as fast as the U.S. economy. Government debt as a percentage of gross domestic product (GDP) is now 101%. That’s its highest level since World War II.
TSX weighed down by earnings disappointments; Valeant plunge
TSX ends down 103.04 points, or 0.75 percent, at 13,558.78; Valeant hits 2-year low, Magna falls 10 percent - By Alastair Sharp
TORONTO, Nov 5 (Reuters) - A plunge in shares of drugmaker Valeant and sharp retreats in several other companies on the back of disappointing earnings reports pushed Canada's main stock index lower on Thursday.
The Co-operators acquires Bando & Brown General Insurance
Guelph - Co-operators General Insurance Company announced today that its wholly-owned subsidiary has purchased Bando & Brown General Insurance in London, Ontario. The brokerage's portfolio includes personal and commercial insurance policies.
Laurier president forms Special Advisory Committee to recommend a way forward for PM statues project
Waterloo Wilfrid Laurier University President and Vice-Chancellor Max Blouw has struck a Special Advisory Committee to review the varied opinions associated with the Prime Ministers Statues Project and to make recommendations on how the project might be moved forward.
Ontario Appoints Special Advisor to Review Protections for Owners of New Homes
Taking Action to Strengthen Consumer Protection for Buyers of New Homes
Queens Park - Ontario has appointed the Honourable J. Douglas Cunningham, QC as special advisor to review protections for owners of new homes and identify opportunities to improve consumer protection measures.
Earning, Living, Spending
2016 Waterloo Region Living Wage Rate is $16.05
Cambridge - The 2016 Living Wage rate for Waterloo Region is $16.05 an hour. That represents a slight increase from the 2015 rate. Living Wage Waterloo Region announced the new calculation at its Employer Recognition event tonight in Cambridge. Print-quality photos from tonight’s event are available on request.
5 Essential Traits Every Entrepreneur Needs
Business Leader Explains The Personal Qualities That Will Help Your Company Succeed
Entrepreneurship remains alive and well in America with thousands of people starting new businesses each year. But the success of those businesses is another matter. About half will fail in their first five years, according to Gallup.
Best Employers Realize Higher Sales, Higher Profit and Better Employee Retention, According to Recent Study
The 17th Annual Survey Identifies Canada's Leading Employers for Workplace Excellence
Toronto - Results of the 2016 Best Employers in Canada Study, found that 80 companies set the mark for engaging employees, demonstrating effective leadership, building a performance culture and leveraging the strength of their employer brand. The recognized companies include 39 large organizations (more than 400 employees) and 41 small and medium-sized enterprises (SMEs.)
Who Should Pick Board Members?-Proxy Access by Shareholders to the Director Nomination Process
Policy Paper by the Institute for Governance (IGOPP)
MONTREAL - The board of the Institute for Governance (IGOPP) unanimously approved a Policy paper on Proxy Access by Shareholders to the Director Nomination Process. The prerogative to nominate the members of the board, which has historically been the sole responsibility of boards of directors, has now been challenged by institutional funds determined to acquire the right, under certain conditions, to nominate their own candidates.
How much does it take to Put on the Pan Am/Parapan Am Games?
There was no information provided as to the economic impact the games had in bring in revenue to the businesses benifiting from the extra traffic the games brought in.
Toronto - With strong fiscal oversight and collaboration between all partners, the overall cost of the TORONTO 2015 Pan American/Parapan American Games should be "within the $2.4 billion budget Ontario set at bid time in 2009", says a release from Queens Park.
Act of Kindness
Today is Random Act of Kindness Day
Over 17 local Organizations are participating
Kitchener The 8th annual Random Act of Kindness Day in Kitchener, Waterloo will feature acts of kindness by over 17 different local organizations. These community leaders have stepped up to take ownership of kindness in our community. By promoting empathy for one another, they are helping everyone to feel like they belong and can make a difference.