Correspondent, Toronto, Canada
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Nov 18, 2014

Canadian public-private venture capital fund raises C$160 million

TORONTO, Nov 18 (Reuters) – The latest of several Canadian
government-backed investment funds that are being set up to
breathe life into the country’s venture capital industry raised
C$160 million ($141.6 million) on its initial closing, its
backers said on Tuesday.

The government said in early 2013 it would invest C$400
million in several new funds over seven to 10 years through its
Venture Capital Action Plan to match and attract private-sector
funding for Canadian startups.

Nov 17, 2014

Aequitas wins approval to launch new Canadian stock exchange

TORONTO, Nov 17 (Reuters) – Aequitas Innovations Inc, a
venture backed by some of Canada’s biggest financial entities,
won approval from the country’s main securities regulator on
Monday to launch a new stock exchange seeking to challenge TMX
Group Ltd’s dominant Toronto Stock Exchange.

The regulator, the Ontario Securities Commission, said the
exchange, called Neo, can start operating on March 1.

Nov 13, 2014

BlackBerry signs up Samsung, others, in new mobile services push

SAN FRANCISCO/TORONTO (Reuters) – BlackBerry (BB.TO: Quote, Profile, Research, Stock Buzz) announced partnerships with Samsung Electronics Co (005930.KS: Quote, Profile, Research, Stock Buzz) and other high-profile tech players on Thursday, broadening the reach of its new mobile-device management and security platform, and sending its shares 7 percent higher.

BlackBerry and Samsung, the world’s No. 1 smartphone maker, will offer a “highly secure mobility solution” for Samsung’s Android devices starting in early 2015. The system will wed BlackBerry’s security platform with the South Korean company’s own security software for its Galaxy devices.

Nov 13, 2014
Nov 13, 2014

Canada’s CGI posts 52 pct jump in profit, eyes acquisitions

TORONTO, Nov 13 (Reuters) – Canadian computer services
provider CGI Group posted a 52 percent rise in
fourth-quarter profit on Thursday, and said it was looking at
new buying opportunities as it completed the integration of
Logica, which gives the company a major boost in Europe.

The Montreal-based company, which had lost the contract to
manage last year’s U.S. healthcare plan known as Obamacare after
a botched launch, said it had since finished work on a range of
state-based healthcare projects.

Nov 11, 2014
Nov 11, 2014

China hackers target rights groups, say Canadian researchers

TORONTO (Reuters) – Chinese hackers are attacking activists, journalists and human rights groups using many of the same techniques they apply to steal state secrets and spy on corporations, a Canadian technology research group said on Tuesday.

The difference is that those groups lack resources to defend themselves against sophisticated intrusions and face greater risk from exposure, according to Citizen Lab, which researches the use of political power in cyberspace.

Nov 6, 2014

Canada telecoms show strong wireless, landline growth

TORONTO, Nov 6 (Reuters) – Two of Canada’s largest telecom
companies, Telus Corp and BCE Inc, reported
strong wireless growth on Thursday and an expanding
Internet-based TV presence in the third quarter, a period in
which their cable rivals struggled.

Quarterly results from regional telecom Quebecor Inc
also exceeded expectations as the company, which has
extensive cable exposure, held off BCE and Telus’s TV expansion.

Oct 31, 2014

Canada willing to take action against U.S. over meat labeling

TORONTO (Reuters) – Canada will pursue “any and all remedies” to pressure the United States to drop regulations on meat labeling that Canada considers discriminatory, the country’s trade minister said on Friday.

Ed Fast, Canada’s international trade minister, declined to elaborate on any deadlines for further action.

Oct 30, 2014

Canadian PM Harper unveils family tax breaks ahead of election

VAUGHAN Ontario (Reuters) – Canadian Prime Minister Stephen Harper unveiled C$26.76 billion ($23.89 billion) in family tax cuts and benefits over six years on Thursday, which will start flowing to voters over the coming year as the country gears up for an election next October.

This includes C$3.07 billion in cuts and benefits for the current 2014/15 fiscal year, ending next March, for which the Conservative government’s budget had predicted a C$2.9 billion deficit. The measures are projected to cost C$4.62 billion in 2015/16.

    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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