Ottawa youth-led business showcase brings young entrepreneurs together
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
31 minutes ago
- Cision Canada
Canada and European Union launch new industrial policy dialogue Français
OTTAWA, ON, /CNW/ - The Government of Canada is focused on strengthening and diversifying international partnerships, working with the European Union (EU) to protect and create jobs on both sides of the Atlantic. The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, and Stéphane Séjourné, the European Commission's Executive Vice-President (EVP) for Prosperity and Industrial Strategy, met on July 11 to advance collaboration under the New Canada–EU Strategic Partnership of the Future. This partnership was announced at the Canada–European Union Leaders' Summit in Brussels on June 23 by the Right Honourable Mark Carney, Prime Minister of Canada; António Costa, President of the European Council; and Ursula von der Leyen, President of the European Commission. Minister Joly and EVP Séjourné agreed to develop a joint work plan in the coming weeks that will determine specific areas of cooperation. They also committed to convening again within the next month to further advance their shared priorities. Recognizing economic diplomacy as a vital tool for fostering stability, innovation and prosperity, both leaders emphasized the importance of deepening cooperation to address global challenges. Quotes "At this pivotal moment, Canada is committed to deepening its partnership with the European Union as we diversify supply chains and enhance trade ties. Together, we are strengthening a trans-Atlantic alliance that will enhance our economic competitiveness and protect critical industries and technologies." – The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions "Today's visit marks the first concrete step toward the deeper cooperation envisioned at the EU–Canada Summit. At a time when the international geoeconomic landscape has rarely been so unstable, strong partnerships and shared perspectives on global trade and industrial trends are more valuable than ever. From expanding our trade ties and strengthening technological and innovation cooperation to increasing the supply of Canadian raw materials, we share an unprecedented range of common interests." – Stéphane Séjourné, Executive Vice-President for Prosperity and Industrial Strategy, European Commission Quick facts Prime Minister Mark Carney launched the New Canada–EU Strategic Partnership of the Future in Brussels with European Council President António Costa and European Commission President Ursula von der Leyen on June 23, 2025. Canada and the EU also signed the Security and Defence Partnership, which provides a framework for dialogue and cooperation in security and defence priorities. SOURCE Innovation, Science and Economic Development Canada
National Post
35 minutes ago
- National Post
Pronto Acquires SafeAI, Expanding Leadership in Off-Road Autonomy
Article content Strategic transaction extends Pronto's leadership in providing autonomous technologies to off-road industries with an initial focus on the mining, quarrying, and construction markets Article content SAN FRANCISCO — Inc. (Pronto), the industry leader in scalable, affordable, OEM-agnostic Autonomous Haulage Systems (AHS), today announced it has completed its acquisition of SafeAI Inc., another pioneer in safety-focused, multi-sensor autonomous solutions for heavy industry. The transaction further establishes Pronto as the world's most capable and technologically advanced autonomy provider for the off-road sector. Article content 'Pronto is automating everything with wheels, starting with mining trucks, focused on becoming the first profitable autonomous vehicle company,' said Anthony Levandowski, CEO of Pronto. The combined entity will offer the industry's first and only tiered technology portfolio, capable of serving the full spectrum of customer needs, from small quarries to large mines. This includes Pronto's commercially proven, camera-only AHS for customers prioritizing affordability and rapid deployment, as well as a multi-sensor premium offering, both of which will benefit from SafeAI's safety framework that has been ASIL D-certified, the highest safety integrity level in the industry. Article content 'Pronto is automating everything with wheels, starting with mining trucks, focused on becoming the first profitable autonomous vehicle company,' said Anthony Levandowski, CEO of Pronto. 'This acquisition solidifies our leadership in the automation of the mining, quarrying, and construction industries, and will help us further accelerate the commercial deployment of our technologies to sites around the world.' Article content This strategic transaction comes as Pronto is experiencing rapid growth and gearing up for its next phase of expansion, after recently announcing a global agreement to deploy more than 100 autonomous trucks with Heidelberg Materials and expanding its team in Brazil. Article content The acquisition brings together two of the most experienced teams in autonomy, with decades of experience spanning the DARPA Grand Challenges, Google, Waymo, Uber, Apple, Caterpillar, Lucid, Ford, General Motors, Tesla, and Topcon. Article content About Pronto Article content Pronto is Autonomy Simplified. Founded by the Silicon Valley pioneers who have been at the forefront of the most important advances in autonomous vehicles and robotics for the last two decades, Pronto provides the world's leading Autonomous Haulage System (AHS). Pronto AHS is designed to be the simplest, fastest to deploy, easiest to use, and most cost-effective solution in the mining and quarrying markets, increasing productivity, enhancing safety, and solving labor challenges for its customers. Learn more at Article content Article content Article content
37 minutes ago
Home sales up in June, though fewer sales expected this year, says Canadian Real Estate Assoc.
The association said Canadian home sales last month also increased 2.8 per cent compared with May on a seasonally adjusted basis. In its outlook released Tuesday, CREA said it now expects a total of 469,503 residential properties to be sold this year, a three per cent decline from 2024. In April, the association forecast the number of home sales for 2025 to remain essentially unchanged from last year, which itself marked a steep cut from its January forecast of an 8.6 per cent year-over-year increase. The national average home price is forecast to fall 1.7 per cent on an annual basis to $677,368 in 2025, which would be around $10,000 lower than predicted in April. CREA senior economist Shaun Cathcart said that despite a chaotic start to the year, the latest data suggests the housing market rebound originally forecast for this year — before it was upended by the Canada-U.S. trade war — may have only been delayed by a few months. At the national level, June was pretty close to a carbon copy of May, said Cathcart in a news release, cautioning we're not out of the woods yet given U.S. President Donald Trump's latest 35 per cent tariff threat. WATCH | Rise in home sales largely due to Greater Toronto Area, CREA says: Début du widget Widget. Passer le widget ? Fin du widget Widget. Retourner au début du widget ? The association said the tariff-related uncertainty that drove so many buyers back to the sidelines earlier this year ended up taking a larger bite out of activity in B.C., Alberta and Ontario than was expected three months ago, but the good news is markets appear to be entering their long-expected recovery phase, fuelled by pent-up demand, lower interest rates, and an economy that is expected to avoid worst-case tariff scenarios. Most housing markets continued to turn a corner in June, although market conditions still vary considerably depending on where you are in Canada, said CREA chair Valerie Paquin. If the spring market was mostly held back by economic uncertainty, barring any further big shocks, that delayed activity could very likely surface this summer and into the fall. CREA said it now forecasts national home sales in 2026 to improve by 6.3 per cent to 499,081. That would put activity back on track with what was expected in its April forecast, when it predicted a 2.9 per cent gain in sales next year. The national average home price is expected to increase three per cent from 2025 to $697,929 next year. Meanwhile, the national average sale price fell 1.3 per cent in June compared with a year earlier to $691,643. There were 47,871 home sales recorded last month, up from 46,237 in June 2024. WATCH | 3 reasons why condos aren't selling: Début du widget Widget. Passer le widget ? Fin du widget Widget. Retourner au début du widget ? The association said the recovery in sales activity over the past two months was led overwhelmingly by the Greater Toronto Area The number of newly listed properties throughout the country was down 2.9 per cent month-over-month from May. A total of 206,435 properties were listed for sale by the end of the month, up 11.4 per cent from a year earlier and just one per cent below the long-term average for this time of the year. June's sales performance came in broadly as expected, with Canadian transactions continuing their gradual recovery from their early-year depths, said TD economist Marc Ercolao in a note. We expect home sales will continue to rise in the second half of the year as pent-up demand continues to trickle into the market. That said, the sales level should remain subdued as economic uncertainty remains elevated, especially with Canada facing new tariff threats.
