BlackBerry to sell legacy patents related to mobile devices, messaging for $600 million
The move comes weeks after BlackBerry pulled the plug on service for its once ubiquitous business smartphones BlackBerry Ltd. said on Monday it will sell its legacy patents primarily related to mobile devices, messaging and wireless networking for US$600 million to a special purpose vehicle formed to acquire the company’s patent assets. BlackBerry said the […]
Canada: Trudeau denounces anti-vaccine trucker protests
Canadian PM slams intimidation, vandalism and ‘racist flags’ at demonstrations organised by some far-right activists. By Al Jazeera StaffPublished On 31 Jan 202231 Jan 2022 Canadian Prime Minister Justin Trudeau has denounced “symbols of hatred and division” that were on display during mass demonstrations by anti-vaccine truckers and their supporters in the capital, Ottawa. Speaking to […]
Trillion-dollar tech companies set to report quarterly results amid worst January slump since 2008
PUBLISHED TUE, JAN 25 2022 3:25 PM EST Alex Sherman KEY POINTS Microsoft reported better-than-expected quarterly revenue and earnings on Tuesday and delivered an optimistic outlook. Tesla and Apple report quarterly results this week. This earnings season for tech companies will be the most important in a decade, wrote Wedbush analyst Dan Ives in a […]
Goldman, Citi strategists say it’s now time to buy stocks rout
Joanna Ossinger and Farah Elbahrawy, Bloomberg News After a selloff that put global stocks on course for their worst month since the start of the pandemic, strategists from Goldman Sachs Group Inc. to Citigroup Inc. say it’s now time to buy. “Any further significant weakness at the index level should be seen as a buying opportunity, […]
Bank of Canada maintains policy rate, removes exceptional forward guidance
January 26, 2022 The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, the Bank has removed its exceptional forward guidance on its policy interest rate. The Bank […]
What you need to know about COVID-19 in Ottawa on Tuesday, Jan. 25
Key updates on COVID-19 in the region CBC · Posted: Jan 25, 2022 4:00 AM ET Ottawa Public Health’s main COVID-19 hospitalization and ICU counts rose Tuesday. It also reported five more COVID deaths, meaning 50 of these deaths have been reported in the last three weeks. In Tuesday’s daily update, OPH shared more information about people with COVID-19 […]
National Bank of Canada buys over $600M worth of shares in Tesla (TSLA) and NIO (NIO)
Canada’s sixth largest commercial bank, National Bank of Canada, has made a large investment into electric vehicle (EV) makers Tesla and NIO. According to a 13F filing from January 24, 2022, the bank purchased and held 567,413 TSLA shares as of December 31, 2021. The filing discloses the total value of the investment at $599,661,000, equating to an […]
Atlantic premiers meet to discuss clean energy loop, COVID-19 management
HALIFAX — Atlantic Canada’s four premiers met virtually today to discuss regional priorities, including the Atlantic Loop clean energy project. In a news release following the meeting hosted by Nova Scotia Premier Tim Houston, the premiers reiterated the importance of the $5-billion proposal. The premiers say the Atlantic Loop, which would connect the four provinces […]
DELOITTE CANADA LAUNCHES $150 MILLION CAD VENTURE CAPITAL FUND
BY CHARLES MANDEL CANADIAN STARTUP NEWS JANUARY 25, 2022 Deloitte Venture will make minority investments in emerging tech companies. After tracking rising technology startups for a number of years with its annual Technology Fast 50 list, Deloitte Canada is getting into the venture capital business itself. Deloitte Canada announced that it has launched Deloitte Ventures, a $150 million CAD investment […]
IMF cuts world, Canadian growth in 2022 forecast due to omicron, other woes
The Canadian Press – Jan 25, 2022 The International Monetary Fund is downgrading its forecast for the world economy this year, citing the spread of COVID-19’s omicron variant, higher energy prices, an uptick in inflation and financial strains in China. The 190-country lending agency now forecasts the global economy will expand 4.4 per cent in 2022. […]