Amazon rejection a wake-up call for Calgary’s high-tech hopes



a close up of a man: We have to attract people back to the city, says Jay Gohill with Calgary software firm Arcurve about the high tech talent pool. Lots of people have left.


© CBC
“We have to attract people back to the city,” says Jay Gohill with Calgary software firm Arcurve about the high tech talent pool. “Lots of people have left.”

Considering Calgary’s size, Jay Gohill didn’t think his city had much of a chance to land Amazon’s coveted second headquarters.

For Gohill’s tech company, it’s probably a good thing. He’s president of Arcurve, a software company with 65 employees in Calgary and Houston with clients in energy, transportation and health, among other industries.

If a mammoth-sized company like Amazon came to town looking to hire 50,000 employees, the local tech sector would likely have been swallowed up as the competition for talent would have been extreme.

“I would consider it a bit negative because we’re in the process of trying to hire several people,” said Gohill, from his  downtown office. “It would have been a challenge.” 

‘Calgary is a difficult city to hire in. We’re competing with an oil industry and that can be difficult.’ – Grant McLarnon, Adoxio

Amazon revealed Thursday its short list of 20 cities it’s still considering for its second headquarters and Calgary didn’t make the cut. The only

Article source: http://www.msn.com/en-ca/money/topstories/amazon-rejection-a-wake-up-call-for-calgarys-high-tech-hopes/ar-AAuTiaz?srcref=rss

Six surprising things everyone always gets wrong about American millionaires

The habits and tastes of millionaires are fascinating to those of us with less-than-seven figure bank accounts.

According to a report on American millionaires by Wealth Engine, about 7% of the US adult population has a net worth greater than $1 million.

We’ve highlighted some interesting facts about rich Americans that may surprise you, from the type of car they drive to their political affiliations.

(Click though the slideshow)

Article source: http://www.msn.com/en-ca/money/personalfinance/there-are-6-surprising-things-everyone-always-gets-wrong-about-american-millionaires/ss-AAuS9XP?srcref=rss

The terrible part of NAFTA that Canada wants to keep — for now

Canada is going all-out to save the North American Free Trade Agreement. The ruling Liberal government has even enlisted the help of the opposition Conservatives in this crusade.

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Rumours suggesting that U.S. President Donald Trump might kill the pact have cast a pall over official Ottawa.

Yet a new study shows that in at least one key area NAFTA has been terrible for Canada.

That study, written by trade researcher Scott Sinclair for the Canadian Centre for Policy Alternatives, examines how Canada has fared under a section of the pact that, in effect, allows foreign firms to overturn Canadian laws.

Known formally as the Chapter 11 investor-state dispute resolution system, this section gives foreign companies the right to challenge domestic laws in Canada, Mexico and the U.S. that interfere with their profitability.

The challenges are heard by special NAFTA trade panels that operate outside of the judicial system. The panels’ decisions are binding.

The study calculates that since NAFTA took effect in 1994, Canada has faced 41 Chapter 11 challenges — far more than either Mexico (23) or the U.S. (21).

Of the 17 cases against Canada that have been settled, Ottawa has won nine and lost eight. Mexico has done slightly better, having won seven of its 12 settled cases. The U.S. has lost none.

To date, the entire Chapter 11 fandango has cost Canada $314 million in penalties and legal fees.

But the raw figures don’t capture the full absurdity of Chapter 11. In the cases it lost, Canada was

Article source: http://www.msn.com/en-ca/money/topstories/the-terrible-part-of-nafta-that-canada-wants-to-keep-%E2%80%94-for-now/ar-AAuSYtA?srcref=rss

Tim’s franchise owners tell workers to blame Wynne for benefit cuts

A staff memo written by a couple of Tim Hortons franchise owners in Whitby, Ont., blames cuts to employee benefits on the Ontario government and its minimum wage hike.

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The notice also suggests employees contact Premier Kathleen Wynne if they have concerns about the changes — and let her know she doesn’t have their support. 

“I encourage you to let her know how your workplace will change as a result of her new [minimum wage] law and that you will not vote Liberal in the coming Ontario election in June 2018,” says the notice, which lists Susan and Jason Holman as the authors.

The Holmans own three Tim Hortons locations northeast of Toronto, including a pair in Whitby and one in nearby Ajax, said an employee who works at one of the locations.

The employee, who asked that CBC not publish their name or workplace location for fear of repercussions, said the notice was posted at work in November — just weeks before the minimum wage hike to $14 an hour from $11.60 took effect on Jan. 1.

“The political part of the note infuriated me,” the worker said in an email.

“I can not say for certain that it has in fact convinced [employees] to blame Wynne, or turned them away from [the] Liberals, but that’s certainly the intent of the letter, and I’m sure seeds have definitely been planted because of it.”

The Holmans cut employee perks such as paid breaks and free hot drinks on the job, and reduced health benefit coverage, the employee said.

Article source: http://www.msn.com/en-ca/money/topstories/tim-hortons-franchise-owners-tell-workers-to-blame-wynne-for-benefit-cuts-and-to-not-vote-liberal/ar-AAuSDYD?srcref=rss

Shoppers Drug Mart signs marijuana supply deal with Tilray Canada

TORONTO – Licensed marijuana producer Tilray Canada Ltd. has signed a deal to become a medical cannabis supplier to Shoppers Drug Mart.

Subject to Health Canada’s approval of Shoppers Drug Mart’s application to dispense medical marijuana, Tilray will supply the retailer with Tilray branded medical cannabis products.

The B.C.-based company expects the products will be sold online because regulations restrict the sale of medical cannabis in retail pharmacies.

Tilray says its products are sold in pharmacies in seven countries around the world.

Shoppers Drug Mart’s deal with Tilray follows similar agreements that the retailer signed last year with MedReleaf (TSX:LEAF) and Aphria (TSX:APH).

The pharmacy chain’s parent company Loblaw Companies Ltd. (TSX:L) applied for a license to dispense medical marijuana in October 2016.

Article source: http://www.msn.com/en-ca/money/topstories/shoppers-signs-supply-deal-with-tilray/ar-AAuTlSh?srcref=rss

Macron rejects special access for City after Brexit

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