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Western’s Ivey business school came in 87th, up from 94th last year and beating out both McGill’s Desautels school, which dropped four spots to 91st, and the University of Toronto’s Rotman school, which fell nine places to 94th. (Financial Times)

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Talking point: Harvard University took the top spot in the ranking for the first time since 2015. The ranking lists the top 100 MBA programs in the world based on 20 criteria, including an alumni survey, research output and salary percentage increases for students after taking their MBA. Ivey graduates saw an 85 per cent salary increase, the highest of any Canadian school, but near the bottom globally. The Shanghai University of Finance and Economics’ business graduates, for example, had a 216 per cent salary increase.

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The funding will be used to build fraud-detection and speech-to-text analytics tools in the school’s computer science department. (The Logic)

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Talking point: This investment gives Scotiabank access to Edmonton’s growing AI talent pool at a time when competition in Canada’s other two major cities for AI research—Toronto and Montreal—is reaching a fever pitch. The University of Toronto, McGill University and the Université de Montréal have announced partnerships with some of the largest companies in the world, including Uber, Facebook and Samsung. Scotiabank has been an early mover in AI company-university partnerships before. It made a $1.75-million donation to U of T in September 2016, well before those Big Tech companies signed their deals. RBC and Mitsubishi have research facilities in Edmonton and Google’s DeepMind chose Edmonton for its first-ever international AI research facility.

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The scholarships will cover tuition and living costs for 50 Canadian and 25 international students selected based on academic achievement, leadership qualities and good citizenship. McGill University called it “the largest philanthropic gift ever in Canada.” (Globe and Mail)

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Talking point: John McCall MacBain, who is Canada’s 84th richest person with a net worth of $1.39 billion, has spent much of the past decade making major philanthropic gifts. In 2013, he and his wife, Marcy McCall MacBain, gave $118 million for Oxford University’s Rhodes Scholarships. In Canada, he’s donated millions to the Loran Scholarships—which provide full-ride undergraduate scholarships for Canadians—and hundreds of thousands of dollars to the Pierre Elliott Trudeau Foundation. The couple may visit Canada often—John got an Order of Canada in 2016 for his philanthropic contributions—but they live in Switzerland, a country with much lower taxes for the wealthy.

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Michael Sabia said there are “candidates” in the running for the top job to lead the Crown corporation, which was created in 2017 and has a $35-billion budget. Appointed chair in April, Sabia said the bank “can and should” have a role in relaunching and stimulating the post-COVID-19 economy. (The Globe and Mail)

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Talking point: Of the candidates, the name most frequently brought up is Evan Siddall. The current Canada Mortgage and Housing Corporation (CMHC) CEO announced his departure in January after more than six years as its CEO. He has a close relationship with Finance Minister Bill Morneau, and is generally well regarded in Ottawa for his time at CMHC. “He is too young and too smart not to be in public service,” Christopher Ragan, director of McGill University’s Max Bell School of Public Policy, where Siddall teaches, told The Logic.