Entertainment Software Association of Canada's new report showed a strong growth in Canada's video game industry. Although report shows that most of video game developers work at foreign-owned game studio but the growth of Canada's own microstudios is promising.
Canada
Leaders Fund Established $100 Million Venture Fund Targeting Software Startups
A group of technology executives in Canada and U.S. launched a Toronto-based $100 million venture fund. The group is focusing to fund enterprise software to establish its investment portfolio.
Scientist found a way to test Ebola in affordable facilities
Researchers from Toronto General Research Institute, the National Microbiology Laboratory in Winnipeg, University of Toronto, the US National Institutes of Health, and the Canadian Blood Services, found a way to test Ebola in a more affordable facility.
Scientists found that century-old Alexander Keith's found at Halifax Harbour is in fact beer
The 125-year-old bottle of Alexander Keith's found at the bottom of the Halifax Harbour last year is confirmed by scientists as drinkable beer.
Bloom Lake iron-ore mine in Quebec now has a buyer after suffering massive losses
After crumbling down a year ago for suffering massive losses, Bloom Lake iron ore mine in Quebec finally has a buyer. The losses Bloom Lake incurred shows how the commodity meltdown has adversely affected the metals industry.
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Corvus Energy, Canadian lithium-ion battery company has successfully made it to top three in Deloitte Technology Fast 500 ranking. Recently, Statoil, Norwegian largest offshore oil and gas company also invest in Corvus battery technology.
Quebec is reacting positively to its decision of supporting Bombardier Inc with $1-billion lifeline. Quebec says its decision wouldn't attract any trade dispute from the competitors of Canadian airline.
The oil drilling activity in Canada is taking a hit as crude oil price is still hovering at $50 a barrel. The current situation is forcing Canadian oil companies to lower drilling activity in 2016.
Right after defeating his rivals, Canada's new Prime Minister is immediately under heavy pressure to perform and deliver on his promises, especially on climate change, legalizing marijuana, and fighting terrorism.
AltaGas Ltd has put its investment plan of C$600 million ($464mn) on hold over an ongoing dispute over the tax on imported equipment. AltaGas has drawn a plan to export Liquefied Natural gas (LNG), but couldn't take it forward as it's involved over a tax dispute with the government. AltaGas is optimistic that the dispute will be resolved shortly and expected to take the project off in November.
The ongoing talks between Airbus and Bombardier have ended incomplete as the former called off discussions soon after they became public.
Dividend stocks are investors favourite during the economic uncertainty. Dividends signal a strong performance by the company and it also allows investors to make some return on investment during the tough time.
Slumping oil prices take its toll on the Canadian economy. Canada is now officially in a recession for the first time in six years, as crude prices plummet due to supply glut and falling global demand, particularly from China.
Valeant Pharmaceuticals, Inc. of Canada has partnered with AstraZeneca for the selling rights of psoriasis drug brodalumab. Amgen Inc. ended its partnership with AstraZeneca due to its worries over the drug's side effects.
