Archives: Briefings Briefings

Ottawa invests $56 million in cleantech companies through SDTC

The funding will be spread across 18 cleantech companies, including JDRF Electromag, which produces low-energy lighting for commercial buildings; Kruger Biomaterials, whose technology lowers greenhouse gas emissions from concrete use; and HD-Petroleum, which converts used oil into fuel. Innovation Minister Navdeep Bains made the announcement at Sustainable Development Technology Canada’s (SDTC) annual public meeting on Thursday. (The Logic)

Google proposes industry standards on data collection and digital advertising

The internet giant’s proposed changes are based on enhancing transparency, choice and control over the way users’ data is collected and used for digital advertising. Google said companies should let users access information on who is collecting their data and why; who is responsible for an ad; and what caused an ad to appear for the user. (The Logic)

Montreal and Edmonton considering stricter rules for Airbnb rentals

The Ville-Marie borough in Montreal and Edmonton’s city council are considering proposals to limit short-term rentals like Airbnb. Ville-Marie is looking to change the definition of a hotel, making it harder to rent on the platform. If passed, those rules would come into effect in October. Edmonton hosts would need a $92 business licence if the proposal—which passed at the urban planning committee—clears a full city council vote coming up in the next two weeks. (City News, CBC)

CIBC shares up 2.39 per cent on strong U.S. division profits and dividend hike

The bank’s profit rose 2.1 per cent overall to $1.4 billion, and it raised quarterly dividends to $1.44 per share. Its strongest divisional performer was its U.S. operations, where profit jumped 6.2 per cent to $172 million. Share earnings also grew to $3.10 per share, beating analyst expectations by four cents. These results helped counter a 13 per cent decline in capital markets. (The Logic)

Federal government plans to share vehicle recall information via Amazon Alexa in pilot test

The new service, called Vehicle Recalls Canada, will allow Alexa users to access information from Transport Canada’s Motor Vehicle Safety Recalls Database. After saying the phrase “Alexa, open vehicle recalls,” users can tell Alexa their vehicles’ make, model and year, and it will then check that information against recalls in the database. (The Logic)

EU antitrust regulators probe Facebook’s Libra currency

The European Commission cited concerns that the structure and governance of the Libra Association, the information exchanged in the association and its use of consumer data could unfairly shut out competitors. The regulator sent out a questionnaire—a standard part of early information-gathering in advance of a potential formal investigation—to members of the Libra Association earlier this month. (Bloomberg)

Amazon opens its largest global campus in India

The 1.8-million-square-foot office, in the southern city of Hyderabad, will accommodate 15,000 workers, about three times more than its largest building in its home city of Seattle. The facility will focus on developing products including Amazon Web Services, Amazon Home Services, Alexa and Kindle. (Times of India)