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Allied Property will be renovating the 700 de la Gauchetière St property to make it more appealing to technology companies Allied, a Toronto-based real estate investment trust, could spend more than $80 million to renovate the 700 de la Gauchetière St. W (700 DLG) building, recently vacated by the National Bank of Canada, according to Chief Executive Officer, Michael Emory...
The British Columbia-based telecoms company, Telus, has announced it is set to invest CA$16bn in Alberta over the next five years. The investment, made on Tuesday (24 September), is set to improve public access to healthcare technology and lay the foundations for the provinces move to a high speed 5G network. The company was originally founded by the government of Alberta as a hold...
The system will allow staff within the Humber River Hospital to view patient information and analyse risk in real time Ontario’s Humber River Hospital (HRH) launched a new clinical analytics application, or ‘tiles’, within the hospital command centre today. The technology is a world first, developed in conjunction with GE Healthcare partners (GHEC) in an effort to info...
Verafin Inc has announced it has secured CA$515mn towards debt and equity financing as the firm seeks to encourage growth among larger banks. Verafin, a St-John’s based crime management software company with a client portfolio spanning almost 3,000 financial institutions across North America, believes the agreement is one of the largest transactions in the Canadian software sector...
The Canadian Imperial Bank of Commerce (CIBC) has made significant steps to reduce its environmental impact by 2027 through funding and operational support of sustainable activity The global bank, based in Toronto, announced its intention to commit CA$150bn to environmental and sustainability initiatives by 2027. "Our bank recognizes the positive role that financial institutio...
Engineers from Scentoid discuss the use of drone and vehicle mounted sensors to monitor air quality across the city in real time A new form of next-gen sensors dubbed “Super Sniffers”, combined with mass data processing, could be used to identify sources of odour and pollution throughout Toronto, according to experts at a conference for air quality held from 19-20 September ...
The deal, set to close in December, has seen Blackstone invest a record amount through its property management arm. Blackstone, a multinational assest management and financial services, firm has closed a deal to take over Dream Global, a Canadian real estate trust specialising in office property. Blackstone paid CA$6.2bn, in an all-cash agreement to secure the deal. This new...
New store opened in the Mall of America lets customers test out their jackets in sub-zero conditions During a visit to a sporting event at the US Bank Stadium in Minneapolis, Dan Reiss, Chief Executive of the Toronto-based, high-end outdoor clothing brand, experienced -6 degrees conditions and a windchill factor of -25 degrees. It was these conditions, said Reiss, that led him to realis...
Drone attacks in Saudi Arabia took 5% of the global markets oil production off the market over the weekend. Aramco’s oil processing facility in Buqayq, Saudi Arabia was hit by a drone strike on 14 September causing widespread fires across the site. This led to a spike in the volatility in oil prices, causing worry when markets opened the following Monday. The reliance of global e...
With sustainability steadily becoming a top priority for many businesses, Mondi is leading the way in the paper and packaging industry Mondi is split into three areas of business: consumer packaging, graphical paper and fibre packaging. 60% of the firm’s operations are commanded by the latter unit, which also dominates the company’s value chain. The CEO of Mondi’s Fibr...
Cadillac Fairview has entered an unconditional purchase agreement with First Gulf to acquire Toronto’s 38-acre East Harbour development project. The purchase agreement, signed between Cadillac Fairview (CF) and First Gulf, will focus on the reuse of an existing Soap Factory during its first stages. Cadillac Fairview has already started speaking to prospective tenants about the op...
Cities are at the heart of national and global growth. In an increasingly urbanised world, cities are both the source and the solution of many global problems. Not only do urban areas account for over half of the world’s population, but they also generate around 80% of global Gross Domestic Product (GDP). Cities, however, are confronted and challenged to become inclusive, safe, sustainab...
Perhaps the most seemingly-inevitable change occurring now is the digital transformation of the global enterprise landscape. Business models are being rewritten, entire industries grow from a single startup in a matter of months, and those who are unwilling to adapt are disrupted into the Wikipedia subheadings of history. Digital transformation is an avalanche. The impact of a single snowflake...
Business Chief explores the city of Victoria, the capital of British Columbia, to discover the temperate climate and technological prowess powering its continued success. Victoria is the capital of Canada's British Columbia province. Lying on the southern coast of Vancouver Island, the largest island on North America’s western coast, it is located only 60 miles away from the l...
In the wake of the US-China trade war Canada holds steady over-night interest rate at 1.75%. Bank of Canada’s governor Stephen Poloz has announced that interest rates will be kept at 1.75%. The bank has stated that the escalating trade war between the US and China is having wider implications for the global economy than expected during its July Monetary Policy Report. The nex...
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