Industry

Venture capital for AI companies hit record high in Q2: report

Venture capital investment in Canadian artificial intelligence (AI) companies rose to an all-time high in Q2, says a report from PwC and CB Insights. AI companies received funding of US$169 million invested across 13 deals, an increase of 104% from the last quarter, says the MoneyTree Report. Overall, the number of deals to Canadian venture-backed […]

By Staff |July 26, 2018

1 min read

Put CPP hikes on hold, says CFIB

Starting in 2019, the Canada Pension Plan (CPP) will be gradually enhanced, with higher contributions resulting in higher benefits. Faced with increased CPP contributions, small business owners in Ontario are asking the newly elected Ontario government to put the plan on hold or cancel it. Read: Canadians underestimate retirement costs: study In total, 84% of […]

By Staff |July 25, 2018

2 min read

CC&L Private Capital changes fund’s risk rating

Connor, Clark & Lunn Private Capital Ltd. has changed the risk rating of one of its funds. The CC&L Diversified Income Portfolio’s risk rating will change as noted in the table below, effective on or about July 25. The change is based on CSA’s mandated new methodology and the firm’s related annual review to determine […]

By Staff |July 25, 2018

1 min read

Judge jails Knowledge House officials after blockbuster N.S. stock fraud

Two of Nova Scotia’s most notorious white-collar criminals were sentenced to prison Wednesday after the longest criminal trial in the province’s history, a complex fraud and conspiracy case involving a blockbuster multimillion-dollar stock market manipulation scheme. Daniel Potter, the 66-year-old former CEO of defunct tech firm Knowledge House, was sentenced to five years in prison, […]

By Brett Bundale, The Canadian Press |July 25, 2018

3 min read