Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,074.30, up 0.72 of a point) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 32 cents, or 4.98 per cent, to $6.74 on 20.3 million shares. The Alberta-based cannabis producer has signed a deal to acquire greenhouse design firm Larssen Ltd. Aurora says it intends to use its ownership of Larssen to pressure other... Read More

Uber isn’t saying how many Canadians were affected by year-old hack

Uber isn’t saying how many Canadians were affected by year-old hack
TORONTO — Uber is owning up to a year-old security breach that saw hackers steal the personal information of millions of customers around the world, but is not saying how many Canadians have been affected. Uber Canada’s blog says names, email addresses and mobile phone numbers of 57 million riders were taken, but did not provide specifics about where the customers are. It specifies only that hackers took... Read More

RBC joining global tech giants in setting up lab in AI-friendly Montreal

RBC joining global tech giants in setting up lab in AI-friendly Montreal
MONTREAL — Canada’s largest bank is joining global tech giants in setting up a research lab in Montreal to take advantage of the city’s growing artificial intelligence expertise. The Royal Bank of Canada will open a Borealis AI lab in the new year, joining labs in Toronto and Edmonton. It hopes to have 10 researchers on staff in the first year of operation. “(Montreal) is absolutely one... Read More

Cyber Insecurity: the high stakes of data protection in an interconnected world

Cyber Insecurity: the high stakes of data protection in an interconnected world
TORONTO — What is nearly imperceptible, leaks important secrets and can keep Canada’s top bankers up at night? A cyberattack. It’s not a punch line but a seriously haunting prospect for those in the upper echelons of Canadian governments and corporations. When Victor Dodig checks his phone in the morning, the chief executive of CIBC dreads reading that any government or corporation, anywhere in the world, has been hacked, he told... Read More

Materials and technology sectors lower as TSX slips, U.S. markets down

Materials and technology sectors lower as TSX slips, U.S. markets down
TORONTO — Canada’s main stock index headed lower in late-morning trading amid weakness in the materials and technology sectors. The S&P/TSX composite index was down 20.62 points to 16,084.73, after 90 minutes of trading. In New York, the Dow Jones industrial average was down 90.38 points to 23,472.98. The S&P 500 index was down 8.96 points to 2,585.42 and the... Read More

IBM urges B.C. government to use blockchain to track marijuana sales

IBM urges B.C. government to use blockchain to track marijuana sales
IBM Corp. is urging the B.C. government to use blockchain to track marijuana sales throughout the entire supply chain once recreational cannabis is legal next year. The U.S. technology giant says blockchain can help the province track cannabis from seed to sale in a secure way. IBM made these comments in its submission earlier this month as part of the B.C. government’s public... Read More

Don’t rely on governments to spur technological breakthroughs

Don’t rely on governments to spur technological breakthroughs
Governments only role should be to ensure that intellectual property (IP) rights are protected By Joseph Quesnel Research Associate Frontier Centre for Public Policy Human ingenuity – often motivated by profit – is generally miles ahead of government regulations in resolving problems in society. Take, for example, the issue of orphan wells in Alberta. In September 2016, the Alberta Energy... Read More

Tech, housing boom creates homeless crisis on West Coast

Tech, housing boom creates homeless crisis on West Coast
SEATTLE — In a park in the middle of a leafy, bohemian neighbourhood where homes list for close to $1 million, a tractor’s massive claw scooped up the refuse of the homeless – mattresses, tents, wooden frames, a wicker chair, an outdoor propane heater. Workers in masks and steel-shanked boots plucked used needles and mounds of waste from the underbrush. Just a... Read More

Alphabet chairman concerned about ‘wedges’ between U.S.-Canada relations

Alphabet chairman concerned about ‘wedges’ between U.S.-Canada relations
TORONTO — The chairman of Google’s parent company says he is concerned that politics in the U.S. will drive various wedges in the historically excellent relations the country has had with Canada. Alphabet Inc. chairman Eric Schmidt says the U.S. is currently focused on identity politics over value politics, in contrast to Canada. Schmidt made the comments today during an... Read More

Shopify shares drop as CEO addresses short-seller’s allegations

Shopify shares drop as CEO addresses short-seller’s allegations
OTTAWA — Shopify Inc.’s strong third-quarter earnings report and the CEO’s defence against “preposterous claims” by a “short-selling troll” did little to ease investor concerns as shares tumbled more than eight per cent. The company posted its first adjusted operating profit as a public company in the quarter ended Sept. 30 — a quarter earlier than anticipated — and CEO Tobias Lutke publicly addressed... Read More