Latest news with #ScienceandEconomicDevelopmentCanada
Cision Canada
4 days ago
- Business
- Cision Canada
Statement - Government of Canada welcomes recent announcements from telecommunications companies in AI infrastructure
Today, the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, along with the Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario, made the following statement: "The Government of Canada welcomes recent announcements from leading telecommunications companies such as Bell and Telus about their plans to build the critical infrastructure to power Canada's AI advantage. These forward-looking private sector investments will help create high-quality jobs in Canada, open up new opportunities for workers at home and strengthen Canada's position as an AI leader. It also supports the responsible development and adoption of AI technologies that can improve prosperity for workers and businesses across Canada. "Notwithstanding unjustified tariffs imposed by the United States, these announcements show industry is strongly aligned with Canada's plans to build the strongest economy in the G7, and the desire to see AI get to scale, unlock productivity gains, and fuel trust, security and sovereignty at this time of crisis. "These investments are also a testament to Canada's commitment to ensuring all Canadians have access to best-in-class technologies. The Government of Canada will continue to champion investments that expand access to reliable, affordable telecommunications and support the growth of Canadian businesses in every corner of the country. Canada is open for business." Stay connected Find more services and information on the Innovation, Science and Economic Development Canada website. Follow Innovation, Science and Economic Development Canada on social media. SOURCE Innovation, Science and Economic Development Canada
Yahoo
21-05-2025
- Automotive
- Yahoo
Media advisory - Minister Joly to tour leading automotive testing and research facility and meet with members of the industry
OSHAWA, ON, May 21, 2025 /CNW/ - The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, will visit a leading automotive testing and research facility and meet with representatives of the automotive sector to discuss a path forward for the industry. Date: Thursday, May 22, 2025 Time: 9:30 am (ET) – Tour of facility 4:00 pm (ET) – Meeting with members of the industry Location: Oshawa, Ontario Minister Joly will not answer questions from the media during the tour, but members of the media are invited to take footage. Minister Joly will participate in a scrum and take questions from media prior to the meeting with members of the industry. Members of the media are asked to contact ISED Media Relations at media@ to receive event location details and confirm their attendance. Stay connected Find more services and information on the Innovation, Science and Economic Development Canada website. Follow Innovation, Science and Economic Development Canada on social media.X (Twitter): @ISED_CA | Facebook: Canadian Innovation | Instagram: @cdninnovation | LinkedIn: Innovation, Science and Economic Development Canada SOURCE Innovation, Science and Economic Development Canada View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time Business News
26-04-2025
- Business
- Time Business News
Canada's Business Resale Boom: Why Smart Entrepreneurs Are Turning to Businesses4SaleCanada.ca
In today's high-stakes economic climate, entrepreneurship is no longer limited to ambitious twenty-somethings starting companies from scratch. Increasingly, seasoned professionals and enterprising newcomers alike are forgoing the start-up route and acquiring existing, revenue-generating businesses with built-in infrastructure, staff, and customers. It's a calculated pivot—and one that's quietly reshaping the way Canadians think about entrepreneurship. At the center of this evolution is a lesser-known but increasingly indispensable platform: This digital marketplace is emerging as a definitive force in the Canadian business resale industry. While it may not have the flash of Silicon Valley's unicorns or the headline clout of Bay Street conglomerates, offers something far more vital to the pragmatist: real, operable opportunities. And in a post-pandemic world defined by volatility, 'real' may just be the new gold standard. Historically, buying a small or mid-sized enterprise in Canada was an opaque, broker-dominated affair. Listings were buried in private networks, often requiring insider access and costly middlemen. changes that. The platform democratizes the process by offering verified listings across provinces, industries, and price points, all within a searchable, user-friendly interface. It's a marketplace where due diligence doesn't begin in a boardroom—it begins with a browser. Browse the site today and you'll find hundreds of live listings. Whether you're searching for a franchise with high EBITDA in Toronto, a turn-key hospitality business in Vancouver, or a niche e-commerce outfit in Alberta, the platform has become the go-to digital repository for those looking for a business for sale. This breadth is not accidental. The site's backend is powered by analytics-driven algorithms designed to match buyers with high-potential listings. That means less time scrolling and more time analyzing viable assets. The challenges of starting a business from scratch are well documented. The failure rate of new enterprises in Canada remains sobering—roughly 20% fail within their first year, and 60% don't make it past year five, according to Innovation, Science and Economic Development Canada (ISED). Contrast that with purchasing a business that already has existing cash flow, customer loyalty, and operational SOPs, and the choice becomes obvious for many risk-averse entrepreneurs. That's where excels. The platform allows potential buyers to filter by age of business, gross revenue, net profit, and even reasons for sale—data points that are critical for understanding operational stability. Moreover, because the site offers businesses across a wide swath of sectors—from manufacturing to digital marketing—it allows buyers to diversify their exposure without venturing outside of their expertise. For buyers who know what to look for—and even more so for those who don't—the curated marketplace is both an education and an opportunity. A scroll through the 'featured listings' section often reads like a crash course in Canadian business fundamentals. Real estate has long touted the mantra 'location, location, location.' The same is increasingly true of small businesses. What's hot in Saskatoon may be tepid in Montreal. understands this regional nuance, which is why its search filters allow for provincial, city-wide, and even neighborhood-level specificity. Looking for a recession-resistant business in a growing community? Or perhaps something near a major logistics corridor for e-commerce scalability? The site's geographic precision offers a tangible advantage over less specialized platforms. And for those seeking a business for sale near me, the site's geolocation tools provide real-time proximity searches, enabling local buyers to discover opportunities without crossing provincial lines—or even city limits. This local-first approach is invaluable in a landscape where economic conditions and labor dynamics can shift dramatically from one region to another. Canada is experiencing an unprecedented generational turnover in business ownership. According to the Canadian Federation of Independent Business (CFIB), over 70% of small business owners plan to exit their business within the next decade, often without a clear succession plan. This looming transition—termed 'The Silver Tsunami' by economists—has created a supply of established businesses unmatched in Canadian history. is uniquely positioned to capitalize on this trend. By streamlining access between motivated sellers and serious buyers, the platform doesn't just help individuals buy businesses; it helps safeguard the continuity of local economies. Investors and operators alike are taking notice. A growing number of private equity firms, family offices, and solo capitalists are using the site to acquire businesses with recurring revenue, strong vendor relationships, and scalable potential. These are not speculative bets—they're long-term plays rooted in fundamentals. While traditional brokers still have their place in complex, multi-million-dollar deals, today's mid-market buyer is digitally native, research-driven, and expects real-time access to data. meets this demand with listings that are not only transparent but also optimized for comparability. Each listing typically includes operational details, financial summaries, and seller notes—all presented in a standardized format that facilitates apples-to-apples evaluation. Add to that a messaging system that connects buyers directly to sellers or their representatives, and it becomes clear why the platform is replacing legacy brokerage models for a new generation of business acquirers. Perhaps the most compelling part? For every well-established buyer out there, there's a new entrant who just needs a frictionless on-ramp. For them, searching for a business for sale in Canada has never been easier—or smarter. In a world increasingly obsessed with 'the next big thing,' sometimes the savviest play is not to start the next unicorn, but to acquire a stallion that's already running. is where those smart bets begin. TIME BUSINESS NEWS
Yahoo
04-03-2025
- Business
- Yahoo
Media advisory - Minister Champagne to discuss Canada-U.S. relationship during panel in Montreal
MONTRÉAL, Feb. 24, 2025 /CNW/ - The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, will participate in a chat organized by the Chamber of Commerce of Metropolitan Montreal. The Minister will discuss Canada-U.S. relations, tariff threats, and how Canada can adapt and innovate to address these challenges. The Minister will participate in a media availability following the discussion. Date: Tuesday, February 25, 2025 Time: 11:00 am (ET) Location: Montréal, Quebec Members of the media are asked to contact ISED Media Relations at media@ to receive event location details and confirm their attendance. Stay connected Find more services and information on the Innovation, Science and Economic Development Canada website. Follow Innovation, Science and Economic Development Canada on social media.X (Twitter): @ISED_CA | Facebook: Canadian Innovation | Instagram: @cdninnovation | LinkedIn: Innovation, Science and Economic Development Canada SOURCE Innovation, Science and Economic Development Canada View original content:
