business

3 Ways Canadian Tech Companies Have Contributed to the Digital Revolution

digital-revolution

Technology has literally shaped and reshaped the world around us and Canada has certainly played its part in that process. A hotbed of innovation for more than a decade, Canada’s online entities have given us more efficient ways to communicate, find the best deals and, moving forward, open a door into the realms of virtual reality. Following the publication of ...

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Ashley Madison not as Discreet, a lot More Deceptive than it Said, Probe Finds

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Though it billed itself a place where those seeking an affair could do so undercover, an investigation by privacy officials has found cheating website Ashley Madison was far from a bastion of security in the time leading up to its high-profile data breach last year. Ashley Madison was far less discreet and a lot more deceptive than the Toronto-based affair ...

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Artist Robert Bateman’s Haliburton ‘Lodge’ up for Sale

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A 6.3-acre piece of the Haliburton Highlands, embedded in the art and memory of one of Canada’s best-known artists, is up for sale. Robert Bateman’s cottage was listed on Tuesday for $520,000. It may not compare to the snowy peaks of the Rockies, but Bateman says the Haliburton place remains “probably the deepest in my heart.” Recently, however, the custom-built, ...

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Investor Summer School: Five Lessons that will Help Protect Your Portfolio

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One of the fascinating things about the market is that, no matter how long you invest, or how much you think you know, there can always be new lessons learned. For a lot of investors, losing money — unfortunately — is often the cost of tuition for these market lessons. But, no investor is going to bat 1.000, and if ...

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Glass Lewis Advises Sirius XM Canada Shareholders to Vote for Takeover Proposal

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Go figure. Armed with the same information and presumably with similar access to the same group of participants, two proxy advisory firms have reached completely different conclusions. This week, ISS advised its clients to vote against the privatization of Sirius XM Canada because “the consideration appears to undervalue the company given its historic revenue growth as well as management’s own ...

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Valeant Pharmaceuticals Faces New Fraud Lawsuit Filed by Former Investor

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MONTREAL—Valeant Pharmaceuticals faces a new legal cloud after a U.S. mutual fund firm filed suit against the embattled drugmaker for allegedly pursuing “a fraudulent scheme” that ultimately cost investors billions of dollars. T. Rowe Price, along with Alleghany Corp, is suing Valeant, its former chief executive and several current and former executives. “This case arises from a fraudulent scheme by ...

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Ballard Power Shares Surge 10 Per Cent After Toyota Distribution Deal in Japan

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VANCOUVER—Shares in Ballard Power Systems gained nearly 10 per cent Thursday after the company announced a distribution agreement with Toyota Tsusho Corp. The deal will see the company become a distributor of Ballard-powered fuel cell products in Japan. The initial term of the agreement runs to the end of 2020. Toyota Tsusho is part of the Toyota Group. It is ...

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McDonald’s Trainees to Get College Diploma Credits

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Mickey-D employees rejoice: you can earn one year of a college business diploma in Ontario by training instead at the Golden Arches. But you have to be management material, and it will take up to three years . McDonald’s Canada says employees training to become managers can now receive the first year of course credits towards a college business diploma ...

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BlackBerry’s Outlook Improves, Renewing Buyout Speculation

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A rally in BlackBerry shares on an upbeat outlook for its software business has eased some of the short buying pressure on the stock and even renewed speculation about the possibility of a buyout. But analysts say the company’s turnaround remains very much a work in progress despite growth catalysts, including a truck-tracking system dubbed Radar, suggesting BlackBerry needs to ...

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“Normal” was Gap’s Strength, But the Market Has Changed

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Two years ago, Gap Inc. put such celebrities as Anjelica Huston and Elisabeth Moss in simple outfits — button-downs and blazers, jeans and airy, dull-hued blouses — and told shoppers to “Dress Normal” for its fall ad campaign. It backfired. Sales slumped over the next two months and stores were forced to discount heavily. The company’s chief marketing officer departed less than a ...

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