In this edition:
- Help improve your Daily Update!
- ON Medical Officer of Health to provide an update
- CRTC orders Rogers to explain outage in detail
- New funding for southern Ontario digital, green, tech companies
- Paul Pender honoured by peers
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Ontario Chief Medical Officer of Health to provide an update
Dr. Kieran Moore, Ontario Chief Medical Officer of Health, will provide an update on the province’s rapid antigen test program and expanding access to fourth doses of COVID-19 vaccines tomorrow at 11 a.m.
CRTC orders Rogers to explain outage in detail by July 22
Today, the CRTC ordered Rogers Communications Canada Inc. (Rogers) to respond to detailed questions and provide a comprehensive explanation regarding the national service outage millions of Canadians experienced on Friday July 8, 2022.
This widespread network outage not only disrupted Canadians and Canadian businesses across the country, it prevented access to services such as 9-1-1 and emergency/public alerting, as well as other critical infrastructure services.
The CRTC is requesting a detailed account from Rogers as to “why” and “how” this happened, as well as what measures Rogers is putting in place to prevent future outages.
New funding for southern Ontario digital, green, tech companies
Today, the Honourable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced an investment of over $7.7 million for Northumberland Community Futures Development Corporation (NCFDC) to deliver thriveFORWARD—an initiative to help southern Ontario businesses in the tech sector scale-up and support the transition of businesses in the industrial sector to greener business processes.
New technology companies will be eligible to receive up to $25,000 to help bring their products to market and accelerate their growth. In addition, Canadian businesses in the industrial sector will be eligible to receive up to $100,000 to support the cost of adopting new digital and/or clean technologies to ensure they have the tools for continued growth to build a stronger Canadian economy and protect Canadian jobs.
Applications for thriveFORWARD are currently being accepted. For more information, visit ncfdc.ca/thriveFORWARD.
Paul Pender honoured with Karl Kaiser Canadian Winemaker Award
Late Niagara winemaker, Paul Pender, has been honoured by his peers. Pender, who died in Feb., was the well-known head winemaker for Tawse Winery.
The Wine Growers Canada awarded Pender the Karl Kaiser Canadian Winemaker Award this week. The award was created in 2018 to celebrate great Canadian winemakers, in honour of the legacy of the late Karl Kaiser.
Click here to find out more about Pender’s accomplishments.
Reading Recommendations
‘They couldn’t even scream any more. They were just sobbing’: the amateur investors ruined by the crypto crash
The Guardian
In the gloom of an 18th-century drawing room at the private rehab clinic Castle Craig, near Peebles in the Scottish Borders, Roy, a 29-year-old victim of the global cryptocurrency crash, tells me his story. It is a dazzling summer’s day, but here the mood is sombre. Roy shifts uncomfortably in his chair as he begins.
It all started in February 2021, with a radio advert for Dogecoin, a cryptocurrency promoted by Elon Musk, the founder of Tesla. Intrigued, Roy started Googling, eventually using his credit card to make an initial investment of €2,500 (£2,200) in a range of cryptocurrencies. The value of Roy’s portfolio climbed to €8,000, then €100,000, then €525,000. Roy had entered the market during an adrenalised bull run, meaning an extended period of price growth. A combination of Covid stimulus packages, low interest rates and an unprecedented level of enthusiasm for cryptocurrency among furloughed workers meant the bull was careering out of sight.
Canadians’ anger over Rogers outage may complicate its merger hopes
Reuters
Rogers Communications (RCIb.TO) complicated its chances of getting antitrust approval for a C$20 billion telecom merger after Friday’s massive outage highlighted the perils of Canada’s effective telecom monopoly and sparked a backlash against its industry dominance.
The Rogers network outage disrupted nearly every aspect of daily life, cutting banking, transport and government access for millions, and hitting the country’s cashless payments system and Air Canada’s (AC.TO) call center.
Consumers and opposition politicians called on the government to allow more competition and enact policy changes to curb telecom companies’ power. Rogers, BCE Inc (BCE.TO) and Telus Corp (T.TO) control 90% of the market share in Canada.
Through the Daily Updates, the GNCC aims to deliver important business news in a timely manner. We disseminate all news and information we feel will be important to businesses. Inclusion in the Daily Update is not an endorsement by the GNCC.
