Canada Dollar Falls Versus Most Peers as U.S. Impasse Persists
in Toronto. One Canadian dollar buys 97.07 U.S. cents. The currency was little changed on the week against the greenback. Canadas government bonds fell for the first time in three days, pushing yields on the benchmark 10-year (GCAN10YR) security up four basis points, or 0.04 percentage point, to 2.58 percent. The price of the 1.5 percent security due in June 2023 dropped 35 cents to C$90.82. Stocks rose, with the Standard & Poors 500 Index gaining 0.7 percent. More Concern The U.S. government began its first partial shutdown in 17 years on Oct. 1 as Republicans who control the House insisted on changes to the nations 2010 health-care law, President Barack Obama s signature legislative achievement. The Senate, controlled by Democrats, refused. Congress also faces the statutory debt ceiling, which the Treasury has said will be reached Oct.
Startup Hopes Over a foosball table in the engineering schools non- profit snack bar, across a parking lot and over a chain-link fence from BlackBerry headquarters, students Stephen Arsenault and Nikhil Ramakrishnan agree BlackBerry is down, and say they hope that other Waterloo startups can sustain the regions industry. It wasnt where I bet all my eggs on, said Arsenault, a second year computer engineer who wanted to work for BlackBerry for his first co-op work term and took an offer from another company instead. BlackBerry has been going downhill for a while. BlackBerry workers may find jobs at other smaller technology companies that have sprung up, said Daniel Schwanen, a researcher at the C.D. Howe Institute, a Toronto-based research organization that says it promotes economically sound public policies. Migrating Talent The talent isnt necessarily leaving Canada; in fact, most of it is staying, Schwanen said in a telephone interview. Let the talent migrate to other opportunities. One opportunity is Industry Corp., which is developing video games including ones featuring Steven Jackson of the National Football Leagues Atlanta Falcons and Hanley Ramirez of the Los Angeles Dodgers baseball team. We always want to be going for the next cool thing, so I think in five years we will be certainly a name brand in the entertainment industry, said Andrew Matlock, 26, CEO of the company that has 15 people on staff. Industry Corp. was helped by using space in the Communitech Corp. technology startup incubator, which is housed in an old Kitchener tannery that also includes offices of Google Inc. and Desire2Learn Inc., an 850-employee maker of educational software. Iain Klugman, the sites CEO, said the companies that have sprung up around BlackBerry are enough for a sustainable industry to hire many fired workers. Next Wave You cant drive down the street without seeing a university building or a research institute or a hospital wing that hasnt felt the impact of BlackBerry, Klugman said. It really was dominant here for a chunk of our history in the mid-2000s, but what happened is theres a whole next wave of entrepreneurs that came behind. While Canada waits for the next BlackBerry or Nortel to emerge, the economy feels the impact of BlackBerrys woes.
OTI Canada Group bought by Wendel-owned Bureau Veritas
What remained was a deep suspicion of the rules and their enforcers. Harper has managed to mask this libertarian streak by engaging in a political marketing campaign that has all the pomp of traditional conservatism, but none of its circumstance. In his famous book The English Constitution, Walter Bagehot distinguished between what he called the adignifieda and the aefficienta components of the constitution. Harper has done a very good job of playing up the ceremonial aspects of democracy a the Crown and its various incarnations and trappings, the military, the ongoing nostalgia play for Diefenbaker-era Canadiana. But what this superficial love of the constitution masks is a lack of respect for the efficient components of our democracy a Parliament and Elections Canada in particular. Stephen Harper is not a corrupt politician in the old sense, and he does not run a corrupt government. Compared to his predecessors, there is little of the cronyism, featherbedding, influence peddling and so on that has been the hallmark of traditional political corruption in Canada. This helps explain Harperas substantial appeal to the middle class. Yet Harperas Conservatives have shown themselves willing to twist the rules into whatever shape is necessary to win. To spin. To control information.
What is Stephen Harper’s problem with Elections Canada?
Based inANeuilly-sur-Seine, France,ABureau Veritas is majority owned by French private equity firm Wendel. PRESS RELEASE Bureau Veritas reinforces its presence in Canada by acquiring OTI Canada Group Neuilly-sur-Seine, France, October 3, 2013 a Bureau Veritas is pleased to announce the acquisition of OTI Canada Group, a company specializing in petroleum testing and inspection. Founded in 1995, OTI Canada Group provides services to oil companies and tradingAorganizations to assess the quality and quantity of diverse petroleum and petrochemical products (gasolines, distillates, fuel oils, and hydrocarbons). Headquartered in Montreal, OTI Canada Group operates in the eastern part of Canada and has facilities in Quebec City, Sarnia, and Hamilton. The company currently has 27 employees and its revenue for the fiscal year ending June 2013 was EUR 3.4 million (CAD 4.4 million). Integrating the OTI Canada Group will expand Bureau Veritasa presence in the Canadian oil & petroleum segment. Canada is the sixth largest oil producing country in the world and has significant long-term prospects for oil production growth. Didier Michaud-Daniel, Bureau Veritasa Chief Executive Officer, stated: aFollowing the 2012 acquisition of AcmeLabs and the opening of two new laboratories, Bureau Veritas has significantly entered the Canadian market. The acquisition of OTI Canada Group is part of our strategy to strengthen our position in North America in commodities services.a About Bureau Veritas Bureau Veritas is a world leader in conformity assessment and certification services. Created in 1828, the Group hasAmore than 60,000 employees in around 1,330 offices and laboratories located in 140 countries. Bureau Veritas helpsAits clients to improve their performances by offering services and innovative solutions in order to ensure that theirAassets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety,Aenvironmental protection and social responsibility.