Kitchener

Canadian VC investments down sharply in Q2 compared to US VC activities

Retrieved on: 
Thursday, August 18, 2022
City, Intelligence, Industry, Hoskin, Association, Investment, 1Password, Database, Equity, Government, LLP, Summary, Biotechnology, International, Clean technology, Private sector, News, Kitchener, ICT, Initial public offering, CPE, RCG, HQ, Video game, Mobile phone, Renewable energy, Pharmaceutical industry, Healthcare, Financial services, Security (finance), Oil, Telecommunications equipment, BC

US and International VC funds abandoned Canadian market in Q2, 2022

Key Points: 
  • US and International VC funds abandoned Canadian market in Q2, 2022
    Canadian VC disbursements reached $1.17 billion in Q2, down 67% from Q1 2022 and 76% from Q2 2021
    299 financings for $4.72 billion for the first half of 2022.
  • US VCs and foreign corporate VCs continue to lead all investor types with $1.69 billion and $574 million investments respectively.
  • NVCA/PitchBook reported Q2 2022 US activities showed an decrease of 24% from Q1 2022 and 23% from Q2 2021, an decrease of 9% for the first half compared to first half of 2021.
  • CPE data is based on closing date not the announcement date for accurate tracking of Canadian VC investment activities.

ENERGY STAR® Canada Recognizes Leaders in Energy Efficiency

Retrieved on: 
Tuesday, June 7, 2022
JELD-WEN, Saint John Regional Hospital, Year, Electronics, Marketing, Cooling, Natural Resources, Anglophone West School District, Partnership, Environment, Residential care, Organization, Solution, Saint John's, Growth, Central heating, Lowe's, Government, Climate change, Sun Life Financial, Government of Canada Building (North York), Saint John, Renewable energy, Heating, ventilation, and air conditioning, Oil, Property management, Tunnel, Burnaby, Mississauga, Boucherville, Kitchener

ENERGY STAR Canada is a voluntary partnership between the Government of Canada and more than 1,000 organizations working to use our natural resources more wisely in order to make high efficiency products readily available and visible to Canadians.

Key Points: 
  • ENERGY STAR Canada is a voluntary partnership between the Government of Canada and more than 1,000 organizations working to use our natural resources more wisely in order to make high efficiency products readily available and visible to Canadians.
  • In 2021 alone, ENERGY STAR certified products saved enough energy to power over 402K homes for a year.
  • The following businesses and organizations were recognized as ambassadors of energy efficiency and as examples of the value of investing in smart energy choices.
  • Each year ENERGY STAR Canada recognizes businesses and organizations for their outstanding contributions to protecting the environment and saving energy.

US and foreign investors drive Q1 2022 Canadian VC investments to $3.37B

Retrieved on: 
Tuesday, May 31, 2022
Biotechnology, City, Hoskin, Equity, News, Investment, VC, Government, Initial public offering, Association, Private sector, Venture capital, Summary, VCS, LLP, RCG, Industry, Rest, BDC, Union, ICT, 1Password, HQ, Kitchener, Economic development, Intelligence, Database, Clean technology, Innovation, Financial services, Pharmaceutical industry, Video game, Cryptocurrency, Online gambling, Security (finance), Oil, Mobile phone, Telecommunications equipment, Health insurance, Severstal, BC, Atlantic Ocean

US and foreign investors invested $1,983 million and $512 million in Canadian companies or 59% and 15% of the total respectively.

Key Points: 
  • US and foreign investors invested $1,983 million and $512 million in Canadian companies or 59% and 15% of the total respectively.
  • In light of the war in Ukraine, it is worth noting that $14 million was invested by Russian entities into Canadian companies in Q1 2022.
  • 8 Canadian venture capital funds, including 6 private, 1 social impact, and 1 corporate funds, raised $555 million in Q1 2022.
  • "A continuing trend in Q1, 2022 that has been noticeable since 2019 is the predominance of VC funding provided by US investors.

Province supports MedTech Centre of Excellence at Medical Innovation Xchange (MIX)

Retrieved on: 
Tuesday, May 3, 2022
Xchange, Knowledge, Investment, Ecosystem, Ministry, GLOBE, Ministry of Economic Development, Job Creation and Trade, MIX, Partnership, Program, Skills Development Fund Corporation, Learning, Medtech, Centre for the Advancement of Sustainable Medical Innovation, National Skill Development Corporation, IP, Solution, Technology, Ministry of Labour (Ontario), Economic development, Growth, Entrepreneurship, CEO, Ontario Ministry of Citizenship and Immigration, Creative industries, Management, Labour, Kitchener

A $1.6M investment will be made to support talent development and retention within the MedTech sector through a program called the Medical Innovation Knowledge Xchange (MIX-KT).

Key Points: 
  • A $1.6M investment will be made to support talent development and retention within the MedTech sector through a program called the Medical Innovation Knowledge Xchange (MIX-KT).
  • This Medical Innovation Knowledge Xchange program will help 400 people in medical technology get the skills they need to earn even bigger paycheques for themselves and their families.
  • "Talent development is an essential piece of the puzzle that will enable our Region and Province to be centre of excellence for medtech innovation"
    MIX is Canadas first industry-led medical technology hub, located in Kitchener, ON.
  • Its focus is to create a thriving ecosystem that develops, sustains, and retains domestic medical technology companies and establishes the Kitchener-Waterloo Region as a leader in medical innovation.

IKEA Canada announces Plan and order point in Kitchener, Ontario

Retrieved on: 
Tuesday, April 12, 2022
Gage Avenue (Hamilton, Ontario), Heart, Dream, Fairway, State and Main, City, Plan, IKEA, Mark (given name), Food, Tourism, Kitchener, BURLINGTON

BURLINGTON, ON, April 12, 2022 /CNW/ - IKEA Canada will expand its Plan and order point network with a new location in Kitchener, Ontario making IKEA more accessible to the many people in the Tri-Cities area.

Key Points: 
  • BURLINGTON, ON, April 12, 2022 /CNW/ - IKEA Canada will expand its Plan and order point network with a new location in Kitchener, Ontario making IKEA more accessible to the many people in the Tri-Cities area.
  • Located in the heart of the Tri-cities area, the IKEA Plan and order point will open in the Fairway shopping centre, next to State & Main.
  • Purchases made at an IKEA Plan and order point can be delivered directly to customers' homes or picked up at local IKEA Pick-up Locations , including 259 Gage Avenue in Kitchener, Ontario.
  • IKEA Canada is part of Ingka Group which operates 389 IKEA stores in 32 countries, including 14 in Canada.

AirBoss Announces Strong 4th Quarter and Full Year 2021 Results With Continued Momentum

Retrieved on: 
Tuesday, March 8, 2022
Industry, OTR, International Financial Reporting Standards, Solution, TTM, Mission statement, COVID-19, Public expenditure, International, Company, Adjustment, Natural rubber, Workforce, B3, Office of Inspector General, U.S. Department of Health and Human Services, Plastech Engineered Products, Health, SUV, Steel, Investment, Mining, Engineering, PAPR, U.S. Department of Defense Strategy for Operating in Cyberspace, Rubber industry in Malaysia, EBITDA, Board, OTCQX, EPS, Face, Acquisition, Annual general meeting, Depreciation, Color, PPP, AirBoss of America, HHS, Technology, TSX, Ace, Strategic National Stockpile, Environment, IFRS, Capital expenditure, ASPR, Weather, Growth, CEO, Income, Assistant, BOS, Security (finance), Pharmaceutical industry, Renewable energy, Fine chemical, Kitchener

Adjusted EBITDA for Q4 2021 decreased by 17.9%, compared to the same period in 2020 and decreased by 23.9% for 2021 compared to 2020.

Key Points: 
  • Adjusted EBITDA for Q4 2021 decreased by 17.9%, compared to the same period in 2020 and decreased by 23.9% for 2021 compared to 2020.
  • In the AirBoss Defense Group segment, net sales in the quarter increased by 129.1% to $178,890 and by 9.1% to $329,916 year-to-date from the comparable periods in 2020.
  • Gross profit at AirBoss Defense Group increased by 32.8% to $47,824 for the quarter and by 4.1% to $116,658 year-to-date, from the comparable periods in 2020.
  • Non-tolling volume increased by 10.3% for the quarter and increased by 23.1% year-to-date, compared to the same periods in 2020.

CBSA and RCMP make major cocaine bust and lay charges

Retrieved on: 
Thursday, March 3, 2022
Crime, Ontario Provincial Police, Intelligence, Atlantic Canada, Illegal drug trade, The Royal Canadian Mounted Police in Quebec, Canada Border Services Agency, Law enforcement, Safety, Ontario Court of Justice, Justice, GTA, Statistics, CBSA, Crime Stoppers, Durham Regional Police Service, Cocaine, Port, Seizure, Narcotic, RCMP, Hamilton Police Service, Waterloo Regional Police Service, Port of Saint John, Peel Regional Police, Organizing, TIPS, Online gambling, Drug, Private investigator, NB, Kitchener

In early January 2022, more than 1.5 tonnes of cocaine was seized by border services officers in Saint John, New Brunswick (NB), following a sophisticated drug smuggling investigation by the CBSA and RCMP.

Key Points: 
  • In early January 2022, more than 1.5 tonnes of cocaine was seized by border services officers in Saint John, New Brunswick (NB), following a sophisticated drug smuggling investigation by the CBSA and RCMP.
  • The operation began in the fall of 2021, when CBSA Intelligence received information about exported shipments originating from Central America.
  • At that time, the CBSA and the RCMP worked together to move the investigation forward.
  • If you have information about suspicious cross-border activity, please contact the CBSA Border Watch Toll-free Line at 1-888-502-9060.

Govan Brown Launches New Federal Services Division

Retrieved on: 
Wednesday, February 16, 2022
Capital region, Private sector, Public sector, Solution, Public Services and Procurement Canada, United Nations Office for Project Services, Leadership, GLOBE, Kitchener, Crown, National Capital Region (Canada), Government, Industry, Construction

Govan Browns Federal Services division is led by Melissa Moffitt, vice president, a 20-year veteran in public sector infrastructure, and is supported by a dedicated team of industry specialists in all sectors, disciplines, and building typologies.

Key Points: 
  • Govan Browns Federal Services division is led by Melissa Moffitt, vice president, a 20-year veteran in public sector infrastructure, and is supported by a dedicated team of industry specialists in all sectors, disciplines, and building typologies.
  • Govan Brown builds differently, and this specialized division reflects our drive to deliver a new kind of construction experience that is built on thought leadership, innovation, and accountability.
  • Govan Browns Federal Service division is citizen-centred and is invested in ensuring Canada has a strategic construction advocate at their service.
  • With a wide variety of construction solutions and services, Govan Brown has become a preferred contractor for some of the worlds most innovative companies.

SkyWatch Appoints New Chief Product Officer

Retrieved on: 
Tuesday, January 25, 2022
Cairo Skywatch Tower, Growth, Aeryon Labs, FLIR Systems, Technology, Kitchener, Life, Teledyne Technologies, Leadership, Industry, RIM, UAS, Data management, GLOBE, Acquisition, Management, Motion

KITCHENER, Ontario, Jan. 25, 2022 (GLOBE NEWSWIRE) -- SkyWatch , a Kitchener-based SpaceTech company, today announced the appointment of David Proulx as Chief Product Officer.

Key Points: 
  • KITCHENER, Ontario, Jan. 25, 2022 (GLOBE NEWSWIRE) -- SkyWatch , a Kitchener-based SpaceTech company, today announced the appointment of David Proulx as Chief Product Officer.
  • Proulx brings more than 20 years of experience in technology leadership, including seven years as a product leader in the drone/unmanned aircraft systems (UAS) industry.
  • "It was clear from the outset that David is a seasoned product leader with an impressive range, from development platforms and tooling, to remote sensing, to high-growth scale-ups," says James Slifierz, Chief Executive Officer at SkyWatch.
  • "I'm excited to see that trifecta of experience come together here on the leadership team at SkyWatch."

Ontario Health Coalition Demands Answers from Ford Government on Long-Term Care & Hospital Crisis

Retrieved on: 
Thursday, January 13, 2022
Vaccination, Brampton, Patient, Niagara Health System, The Ottawa Hospital, Peel Memorial Centre for Integrated Health and Wellness, London Health Sciences Centre, Mitchell Wing B-10, COVID-19, Hearing, Grand River Hospital, Death, PSW, CEO, Physician, Ambulatory care, Public health, COVID, N95, Bluewater Health, Hospital, Children's Hospital of Eastern Ontario, Depression, Cancer, Queensway Carleton Hospital, Letter, Kitchener, Omicron, Campbellford Memorial Hospital, Policy, ICU, Animal, Medicine, Residential care, Hawkesbury

According to Public Health Ontario data :

Key Points: 
  • According to Public Health Ontario data :
    The past week from January 4 to January 11, there have been 193 COVID deaths in Ontario with 38 of those deaths in long-term care homes.
  • During this past week, there have been 142 new outbreaks declared in long-term care homes, infecting 1,319 residents and 506 health care workers (in one week alone).
  • According to Public Health Ontario data :
    From January 4 to January 11, there have been 114 new outbreaks.
  • Chatham-Kent Health Alliance As of January 4, 2022, the hospital reported its intensive care unit is at 100% occupancy.