is Canadas biggest spender on research and development over the past 12 months at C$1.49 billion ($1.44 billion), according to data compiled by Bloomberg, more than four times the amount of the second-place company, Montreal-based Bombardier Inc. Without BlackBerry, Canada wouldnt have a company among the worlds top 300 R&D spenders on research and development. The firm said Sept. 27 it cut such spending in the first six months of its fiscal year by 2 percent from a year earlier, to $718 million. During this transition period, we are refocusing our business to ensure we have the right investments and resources in the right places so that we continue to innovate and stay competitive, the company said in an e-mail in response to a question about whether its research budget would be cut more. Canadas technology companies outperformed the rest of the economy since 2007 by largely escaping the 2009 recession. The industry has accounted for 7.5 percent of Canadian output growth since 2007, and its employees earn 50 percent more than the economy-wide average wage, according to Industry Canada data . Novel Products Canada will rely on these types of companies to conjure up new products and services, to find novel uses for existing products and to develop new markets, according to a 2011 panel report on business innovation for the government that was led by Tom Jenkins , chairman of Open Text Corp., a business software company based in Waterloo that draws its name from a text-search technology developed through a University of Waterloo project. These fruits of innovation are the tools that will ensure Canadas success in the twenty-first century. Economic expansion has slowed since late 2011, hobbled by weak global demand for the countrys exports. Bank of Canada Senior Deputy Governor Tiff Macklem cut the banks growth forecast for the rest of the year earlier this week, and said a rotation of growth toward investment and exports has proved elusive. For policy makers like Macklem and Finance Minister Jim Flaherty , BlackBerry is a company that had been doing all the right things — spending on innovation and focusing on faster-growing emerging markets like Indonesia and Brazil . Even there, sales have soured.
Canada reported to have spied on Brazil energy ministry
No matter what, hockey fans tend to become fashionistaswhen it comes to the Olympic jerseys. On Tuesday, Hockey Canada will unveil what’s become one of the worst kept secrets: the jerseys that Canada’s men’s and women’shockey teams will wear in Sochi. We want you to vote for your favourite Team Canada hockey jersey in our bracket below. We’ll narrow it down as we get closer to the official jerseyunveiling in Calgary. Semifinal #1 It’s 1998 vs 2014. The 1998 Team Canada jersey advanced to the semis with a decisive win over the Winnipeg Falcons sweaters, as the modern Hockey-Canada branded design seems to be more popular than vintage classics. The 2014 leaked Team Canada design scored a narrow win over woolen Edmonton Mercurys sweater. (Photos: 1998 jersey, Hockey Hall of Fame; 2014 jersey, Reddit) Semifinal #2 The second semifinal features another modern matchup with 2010 Team Canada taking on 1988 Team Canada. Here again, we see the Hockey Canada logo, red-and-white design, and stylized maple leaf as big hits with our voters. This could be a close battle. (Photos: 2010 jersey, Hockey Canada; 1988 jersey, Hockey Hockey Hall of Fame). Match #1 The yellow and black of the Winnipeg Falcons, left, take on the 1998 Team Canada jersey with its classic Hockey Canada logo. The Falcons won gold at the 1920 Olympics in Antwerp.
Canada spied on communications at Brazil’s Mining and Energy Ministry, according to Canadian intelligence documents revealed Sunday by Globo television. Caption BRASILIA: Canada spied on communications at Brazil’s Mining and Energy Ministry, according to Canadian intelligence documents revealed Sunday by Globo television. Documents leaked by former US intelligence contractor Edward Snowden, purportedly from the Canadian Security Intelligence Service, show a detailed outline of the Brazilian ministry’s communications including phone calls, emails and Internet traffic. Earlier disclosures by Snowden that the United States spied on the same ministry, as well as on President Dilma Rousseff and her aides, have greatly strained US-Brazilian ties. Canada has mining interests in Brazil, Mining and Energy Minister Edilson Lobao told Globo. He described the development as “serious.” “There are many Canadian businesses interested in doing business in our country. If that is where the interest in spying comes from, to help certain business interests, I cannot say,” Lobao added. Snowden, a 30-year-old former National Security Agency contractor, is wanted by the United States after revealing details of a massive NSA electronic surveillance program. Snowden spent more than a month in transit in Moscow’s Sheremetyevo airport before slipping into Russia where he was granted asylum. – AFP/xq