Organization: National Bank of Canada

The Short Report – Jan. 12, 2022: Chair and vice chairs elected for standing committee on science, Order of Canada appointments, Health Canada’s 2021 cannabis survey, and more

OTTAWA Transport Canada has released updated guidelines for testing automated driving systems (ADS), which will apply to any organization conducting R&D trials of vehicles equipped with ADS. The guidelines are meant to clarify the roles and responsibilities of federal, provincial/territorial and municipal governments as they relate to trial organizations and to establish a baseline of…

The Short Report – July 8, 2020: A new innovation hub for Toronto, National Bank doubles down on Nest Wealth, and more

The Bank of Canada is partnering with the Bank for International Settlements (BIS) to launch a BIS Innovation Hub in Toronto; National Bank of Canada’s venture-capital arm NAventures announced it will make an additional minority investment of up to $50-million in Toronto-based robo-advisor Nest Wealth; the federal government will invest $40 million over three years in the Union Training and Innovation Program; and more.

Eddyfi in Quebec expands global reach with back-to-back acquisitions

Eddyfi has acquired two overseas companies that expand the Quebec City-based tech firm’s capability and reach in the fest-growing global market for non-destructive technologies and services. More than $600 million in private equity and debt financing was raised to complete the acquisitions and pursue other strategic opportunities.

The Short Report, February 12, 2020: Canada takes a step toward joining Horizon Europe; NSERC funding for basic research takes a dive; Google pursues rapid Canadian expansion

Microsoft is partnering with Invest Ottawa and the Bayview Yards business accelerator to offer technical and business resources to entrepreneurs. Called Microsoft for Startups, the program gives innovative Ottawa companies access to its cloud services, enterprise sales team and partner ecosystem. – Ottawa Matters Canada Infrastructure Bank CEO Pierre Lavallée signalled the bank is considering an investment…

Element AI goes global with $137.5-million series ‘A’ investment

Montreal-based Element AI has raised $137.5 million in series ‘A’ financing to support investment in large-scale artificial intelligence (AI) projects internationally, cement its status as Canada’s the largest global AI company and hire 250 people by January 2018. The investment is the world’s largest Series A round ever for an AI company. The financing is…

CEFRIO report examines e-business and SMEs

A new report on electronic business models (EBMs) by the Centre francophone d’informatisation des organisations (CEFRIO) has identified four different models in a bid to better understand their implementation by small businesses. Entitled New E-business Models and SME Development, the report examined six industry sectors – agri-food, plastic processing, construction, publishing, printing and tourism –…

Concordia creates chairs and professorships

Concordia Univ’s John Molson School of Business has received more than $3 million for the creation of two research chairs and two distinguished professorships. The Lawrence Bloomberg Chair in Accountancy was inaugurated with a major donation from Bloomberg, a director and advisor to the National Bank of Canada. Dr Michel Magnan, a professor of accountancy…