Some attention-grabbing Canadian headlines.
Why Canada’s Start-Ups Run South. In a thoughtful piece, Canadian Business explores one Canadian start-up online billing start-up that has resisted relocating to the United States. The piece also explores why Canada is losing its home-grown success stories to the States:
Why Canada’s Start-Ups Run South. In a thoughtful piece, Canadian Business explores one Canadian start-up online billing start-up that has resisted relocating to the United States. The piece also explores why Canada is losing its home-grown success stories to the States:
Roger Martin, dean of the Rotman School of Management at the University of Toronto, has been studying this phenomenon in frustration for years. He’s concerned that policy-makers mistakenly continue to cultivate scientific and technical expertise at the expense of managerial skills: “Companies are going to continue to move to the U.S. to access the managerial talent they need to grow their technology businesses. We’ve been showing this data since 2005, and little or nothing is being done in Canada to help it out.”
For his part, McDerment has been able to capitalize on Canadian talent that’s gone abroad and now wants to return home, often for reasons—they want to be near family, or they don’t want to raise their kids in the U.S.—that are as personal as McDerment’s are. He also maintains that FreshBooks’ corporate culture has been key to attracting, and retaining, that talent. “You’re not just building some technology in the bowels of some mega-corporation that may or may not see the light of day. And if you’re working in a high-performing team with a bunch of top performers, why budge?”
Harper Government Shows Support for Nunavut’s International Airport’s Getting a Big P-3 Styled Facelift. Showing the Canadian government’s continued commitment to develop Canada’s North, the Canada News Centre reports on a $70 million + investment in the Iqaluit International Airport Improvement Project. The one missing link: finding a private partner to build the various improvements to meet the increased demands of Nunavut’s business gateway. To learn more about the airport, check out the check the Nunavut Department of Economic Development & Transportation and skim over this 4-pager on Iqaluit’s history and future. Interesting fact: while doubling passengers served since 1985 to 125,000 in 2011, Dulles International Airport in Virginia had, in 2011, 23.2 million annual passengers.
Quebec’s Corruption Probe Continues to Expose Canada’s Mafia Ties. Macleans reports on York Regional Police officer Mike Amato’s 2-hour discussion on Canada’s ties to the Mafia to the Charbonneau Commission—the Quebec government’s corruption probe into the province’s construction industry (named after the inquiry’s head, Justice France Charbonneau). Learn more about the commission, which is now in its second phase, in Sept. 17 articles published by Montreal’s Gazette and Ontario’s Toronto Star. One interesting note: while the Commission has its own lawyers (Commission attorney Sonia Lebel has been speaking for the prosecution, but Sylvain Lussier is chief prosecutor), Quebec’s governing party—formerly the Liberals and now the PQ—have official representation on the Commission, meaning the party has government paid for lawyers who can participate in the hearings (other parties can applied and be granted participant or intervener status). A fascinating topic, and a interesting legal-political set-up to tackle a sensitive subject.
Government Approval for Cnooc's Nexen Bid Will Being Starting Soon. With Canadian energy producer Nexen shareholder approving a take-over by Chinese-owned Cnooc by a hefty margin, the Canadian government will now have to review the bid. Speaking to Bloomberg, Peter Harder, senior policy advisor at Fraser Milner Casgrain LLP and president of the Canada China Business Council, says the Cnooc offer is “well constructed” to meet Canada’s net-benefit test for big foreign investment in Canadian industries.
Quebec’s Corruption Probe Continues to Expose Canada’s Mafia Ties. Macleans reports on York Regional Police officer Mike Amato’s 2-hour discussion on Canada’s ties to the Mafia to the Charbonneau Commission—the Quebec government’s corruption probe into the province’s construction industry (named after the inquiry’s head, Justice France Charbonneau). Learn more about the commission, which is now in its second phase, in Sept. 17 articles published by Montreal’s Gazette and Ontario’s Toronto Star. One interesting note: while the Commission has its own lawyers (Commission attorney Sonia Lebel has been speaking for the prosecution, but Sylvain Lussier is chief prosecutor), Quebec’s governing party—formerly the Liberals and now the PQ—have official representation on the Commission, meaning the party has government paid for lawyers who can participate in the hearings (other parties can applied and be granted participant or intervener status). A fascinating topic, and a interesting legal-political set-up to tackle a sensitive subject.
Government Approval for Cnooc's Nexen Bid Will Being Starting Soon. With Canadian energy producer Nexen shareholder approving a take-over by Chinese-owned Cnooc by a hefty margin, the Canadian government will now have to review the bid. Speaking to Bloomberg, Peter Harder, senior policy advisor at Fraser Milner Casgrain LLP and president of the Canada China Business Council, says the Cnooc offer is “well constructed” to meet Canada’s net-benefit test for big foreign investment in Canadian industries.
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