Technology – Page 2 – Canadian Investor

Xplornet to invest $500M to upgrade wireless, internet service in rural areas

March 15, 2019 CanadianInvestor

WOODSTOCK, N.B. — Xplornet Communications Inc. says it plans to spend $500 million over the next five years to update its network to provide fifth-generation wireless services and faster internet in rural parts of Canada. The New Brunswick-based national carrier uses a combination of fibre optics and wireless to provide voice and internet service, usually just outside city limits, as well as satellite... Read More

Governments provide $90 million for Canadian Natural clean tech projects

March 14, 2019 CanadianInvestor

CALGARY — The federal and Alberta governments are pledging almost $90 million to fund clean technology developments at major oilsands producer Canadian Natural Resources Ltd. The commitments are expected to result in a total investment of $415 million in three projects. More than half of the federal commitment of $72.3 million, about $45 million, will go to Titanium Corp., a company working with... Read More

Canadian regulators eye framework to cover crypto trading platforms

March 14, 2019 CanadianInvestor

TORONTO — The regulatory bodies that oversee Canada’s stock markets are seeking feedback on what rules should be established for trading platforms for cryptocurrencies such as Bitcoin, Ethereum and Ripple. The provincial regulators represented by the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada published their proposed framework on Thursday. The CSA says crypto trading platforms don’t necessarily fit the existing regulatory structure... Read More

76% of Canadians now bank online or via app, up from 68% two years ago: poll

March 13, 2019 CanadianInvestor

TORONTO — A new survey shows that more than three-quarters of Canadians now do their banking through digital channels, up from 68 per cent two years ago. The poll commissioned by the Canadian Bankers Association found that 53 per cent say online banking is their most common way of banking. The bi-annual online survey also showed that the second-highest ranked banking... Read More

Quebecor Q4 profit rises to $116.8 million; adjusted earnings above estimates

March 13, 2019 CanadianInvestor

MONTREAL — Quebecor Inc. says its net income attributable to shareholders in the fourth quarter of 2018 was $116.8 million, up from $70.4 million in the year-earlier period. The profit amounted to 46 cents per basic share, up from 29 cents per basic share in the fourth quarter of 2017. Adjusted income from continuing operations was $132.7 million, or 52 cents per basic share,... Read More

Sunwing temporarily grounds Boeing 737 Max 8 aircraft for ‘commercial reasons’

March 13, 2019 CanadianInvestor

MONTREAL — Sunwing Airlines is temporarily grounding its four Boeing 737 Max 8 aircraft in the wake of the Ethiopian plane crash that killed all 157 people on board. The Canadian low-cost airline says in a statement Tuesday night that it made the decision for “evolving commercial reasons” unrelated to safety, including airspace restrictions being imposed in other countries. Federal... Read More

BlackBerry creates separate subsidiary to ‘deepen reach’ within U.S. government

March 12, 2019 CanadianInvestor

WASHINGTON — BlackBerry Ltd. is setting up a completely separate subsidiary in Washington, D.C., to strengthen the company’s ties with critical U.S. federal agencies that require highly secure cloud-based services. The new subsidiary will be focused on ensuring that more BlackBerry products and services meet the strict U.S. requirements for assessing, authorizing and monitoring products and services that use cloud computing. BlackBerry’s AdHoc service for crisis communications... Read More

‘All options on the table’, but no plans to ground 737 Max 8 in Canada: Garneau

March 12, 2019 CanadianInvestor

MONTREAL — Transport Minister Marc Garneau says “all options are on the table” with regard to the country’s fleet of Boeing 737 Max 8 aircraft, but that the government currently has no plans to order the grounding of the plane. “We will continue to evaluate the situation,” Garneau told reporters Tuesday in French. “All options are on the table. That could include grounding... Read More

More Boeings grounded amid global probe into Ethiopia crash

March 12, 2019 CanadianInvestor

HEJERE, Ethiopia — Britain on Tuesday joined a rapidly growing number of countries grounding a new Boeing plane involved in the Ethiopian Airlines disaster as a global team of investigators began looking for parallels with a similar crash just five months ago. Pressure grew on the United States to take action over the Boeing 737 Max 8 as Asian, Middle... Read More

Mastercard to acquire Toronto-based fintech company Ethoca

March 12, 2019 CanadianInvestor

TORONTO — Mastercard says it will acquire Toronto-based fintech Ethoca, which helps merchants and card issuers collaborate to identify and resolve fraud in digital commerce. The global payment processing company did not disclose the terms of the deal, which it expects to close during the second quarter of this year. Through Ethoca’s technology, when a fraudulent transaction is identified, information is... Read More