Quebec shells out $25 million for business digital transformation
Daniel J. Rowe CTVNewsMontreal.ca Digital Reporter The Quebec government is shelling out almost $25 million for businesses looking to enter the future. Economy and Innovation Minister Pierre Fitzgibbon announced that the CAQ government will release $24.6 million to support eight projects under the Digital Transformation Offensive (OTN). The money is meant to help 2,000 businesses […]
Production-Ready Looking Tesla Cybertruck Beta Breaks Cover
It looks slightly different to the last prototypes we saw and it’s undeniably closer to the final production look. Jan 24, 2022 at 4:49am ET Tesla really wants to to start Cybertruck production, although it’s not clear when, and the most recent estimate is early 2023, although there’s a chance it will still debut sometime this year. Progress on the electric […]
What BoC rate hikes mean for you, your investments and the economy
Michelle Zadikian, BNN Bloomberg Anticipation is building over whether the Bank of Canada will pull the trigger Wednesday on the first of several expected interest rate hikes this year. If it doesn’t, many will be looking for answers as to why the central bank hesitated and when liftoff will occur. As of Monday morning, Bloomberg data […]
Oil Tumbles With Equities Amid Rate-Hike Fears, Ukraine Tensions
Alex Longley and Devika Krishna Kumar Mon., January 24, 2022, 8:53 a.m. Alex Longley and Devika Krishna KumarMon., January 24, 2022, 8:53 a.m. (Bloomberg) — Oil in New York tumbled as risk-off sentiment prevailed across financial markets, driven by concerns about monetary tightening and growing political tensions in Ukraine. U.S. crude futures lost as much […]
Canada planning technological fixes to make crossing the border faster
Zipping through the Canada-U.S. border in 15 seconds. Facial recognition cameras at the airport to open an electronic gate. Sending your declaration to customs before you even get off the plane. Those are just some of the changes in the works at the Canada Border Services Agency (CBSA) — partly as a result of the […]
International Recognition: IEA Boss Prefers Oil and Gas from Canada
January 19, 2022 EnergyNow Media The head of the International Energy Agency says Canada is a preferred global oil and gas supplier and should take steps to ensure it remains so in the decades to come. IEA executive director Fatih Birol is a big advocate for net zero targets, but he knows that even as the world transforms its energy systems, oil and gas will be around […]
Sales of electric vehicles surpass diesel in Europe, a first
Jack Ewing 19.01.2022 Europeans bought more electric cars than diesels in December, a stunning illustration of the growing popularity of battery power and the decline of diesel, which was once the most popular engine option in Europe. More than 20% of new cars sold in Europe and Britain in December were powered solely by electricity, […]
2048 VENTURES BAGS $67 MILLION USD FUND II FOR CANADA, US INVESTMENTS
BY MEAGAN SIMPSON CANADIAN STARTUP NEWS JANUARY 18, 2022 The VC invests in emerging markets outside of Silicon Valley, including Canada. United States-based venture firm 2048 Ventures has secured $67 million USD for its second fund, to continue pursuing investments outside of Silicon Valley. The pre-seed-stage firm was created by US investors Alex Iskold and Paul Sethi (who […]
Does 5G affect aircraft?
Airlines worldwide rush to change flights over US 5G dispute The Canadian Press – Jan 19, 2022 / 6:43 am Airlines across the world, including the long-haul carrier Emirates, rushed Wednesday to cancel or change flights heading into the U.S. over an ongoing dispute about the rollout of 5G mobile phone technology near American airports. The […]
Canada’s inflation rate rises to new 30-year high of 4.8%
Grocery prices increasing at fastest pace in more than a decade Pete Evans · CBC News · Posted: Jan 19, 2022 8:42 AM ET The Consumer Price Index increased at an annual pace of 4.8 per cent in December, as sharply higher prices for food led to the cost of living going up at its fastest rate since 1991. […]