Category: 3. Business

  • Twenty businesses and organizations across southern Ontario receive Government of Canada investment to scale up and advance AI technologies

    A.I VALI Inc.

    Toronto-based company to scale and commercialize its AI tools to tackle healthcare challenges and expand into new markets.

    $1,000,000


    Applied Brain Research

    Waterloo-based company to develop and commercialize their Time Series Processor (TSP) chip and software to enable real-time, ultra-low-power AI processing on devices across various sectors, such as healthcare wearables, Augmented Reality/Virtual Reality, and consumer electronics.

    $1,500,000


    Armilla AI Inc.

    Toronto-based company to develop a commercially available AI model security assessment suite that enhance it’s offering, enabling more accurate identification of vulnerabilities in AI systems.

    $1,600,000


    B3 Systems Inc.

    Toronto-based software developer to scale and commercialize its AI-driven manufacturing analytics platform to leverage advanced machine learning and predictive analytics to provide actionable insights for manufacturing industries.

    $1,500,000


    Cardea Health

    Mississauga-based healthcare technology company to develop and commercialize AI-driven solutions for enhancing clinical trials.

    $350,000


    Ecosystem Informatics Inc.

    Milton-based air monitoring informatics company to develop its AI-powered calibration system for use in a wide range of applications and devices, to further strengthen its competitiveness within the environmental monitoring solutions market.

    $583,000


    Fairly AI (o/a Asenion)

    Kitchener-based software company to commercialize its AI-powered “Security for AI” testing tool to identify vulnerabilities and enhance security for enterprises and businesses in the financial services and healthcare sectors.

    $300,000


    Heirlume Inc. (o/a Haloo)

    Hamilton-based company to enhance and commercialize Haloo, an AI-powered trademark protection platform.

    $1,000,000


    Islands

    The Toronto-based company will advance their AI‑powered quality assurance platform, QA flow—an automated solution for software testing—enhancing it with next‑generation models and secure integrations to strengthen its global competitiveness.

    $600,000


    JSI

    Kanata-based company to commercialize AI-enabled solutions for law enforcement and security agencies to automate the review and analysis of large datasets.

    $1,000,000


    Leni

    Toronto-based SaaS company to commercialize a patent-pending Universal Data Model, which enables seamless integration of AI in real estate.

    $994,375


    Lumeto / Spatial Industries Group

    Scarborough-based company to invest in AI technology to enhance an adaptive healthcare training platform.

    $815,733


    Mesh Scheduling Inc.

    Kingston-based company to enhance its AI-driven scheduling engine to improve automation, accuracy and operational efficiency in healthcare delivery.

    $425,000


    Okos Smart Homes Inc.

    Toronto-based company to scale its AI-enabled smart home automation platform.

    $800,000


    Ontario Brain Institute

    Toronto-based not-for-profit organization to develop an artificial intelligence/machine learning operations environment that enables SMEs to cost-effectively build, deploy, validate, and implement AI-driven brain health technologies in a production-grade environment.

    $2,000,000


    Sibli

    Toronto-based fintech company to develop, market and commercialize its AI-driven platform to assist financial institutions with portfolio management.

    $1,200,000


    Cogent Real-Time Systems / Skkynet

    Mississauga-based industrial software solutions company to transform their ‘Cogent DataHub’ tool into a fully AI-powered platform using machine learning models.

    $1,040,000


    Spoonity Inc.

    Ottawa-based company to strengthen their AI-driven marketing and automation platform, to deliver a more advanced solution that empowers SMEs to customize marketing strategies and workflows.

    $996,930


    SigmaRPA Inc.

    Oakville-based company to develop and commercialize their AI-enabled healthcare referral management solution, Digital Worker, by improving its functionality, scalability, and value to medical specialists.

    $350,000


    Zighra

    Ottawa-based software company to commercialize their tool, GenesysInsights – an AI-powered global navigation satellite system jamming and spoofing detection solution, to enhance cybersecurity in defence, critical infrastructure and transportation sectors.

    $1,000,000


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  • Hounslow Council reaffirms commitment to tackling climate change

    Hounslow Council reaffirms commitment to tackling climate change

    Hounslow Council has reaffirmed its commitment to tackling climate change.

    Hounslow Council has reaffirmed its commitment to tackling climate change, setting out how ambitious plans to cut carbon emissions will be delivered in ways that benefit residents, communities and the local economy.  

    To support the delivery of an updated Climate Emergency Action Plan, the Council’s cabinet last night (16 December) approved plans for borough-wide low-carbon energy infrastructure, including work to deliver a Heat Network that will provide cleaner, more efficient heating to homes and buildings across Hounslow. 

    The Climate Emergency Action Plan 2026-2030 sets out the Council’s strategic priorities for the next five years, building on the progress made since the Council first declared a climate emergency in 2019 and adopted its original ten-year action plan in 2020.  

    Together, the Plan and the wider borough energy proposals set out how the Council will support residents, businesses and communities to reduce emissions while creating a greener, more resilient and thriving borough. 

    The Climate Emergency Action Plan 2026-2030 focuses on four key priorities: 

    • Decarbonisation of Council operations and estate to achieve net zero by 2030 

    • Influence a reduction in wider borough emissions 

    • Make the borough resilient to the impacts of climate change 

    • Promote sustainable lifestyles for residents and staff 

    As part of delivering borough-wide emissions reductions set out in the Plan, Cabinet agreed to establish a Strategic Energy Partnership. This will be a long-term working arrangement between the Council and an external delivery partner, bringing specialist skills, investment and experience to help turn climate plans into real projects. 

    Cabinet also agreed to progress plans for an innovative borough-wide Heat Network, which will use waste heat from Thames Water Mogden Sewage Treatment Works to supply low-carbon heating to homes, hospitals, schools and commercial buildings across the borough. This approach has the potential to reduce reliance on fossil fuels, cut carbon emissions, improve air quality and support long-term energy affordability.  

    Councillor Katherine Dunne, Cabinet Member for Climate, Environment and Transport at Hounslow Council, said: 

    This decision is about improving everyday life in Hounslow — from warmer, more efficient buildings to a borough that is better prepared for the future. 


     


    The updated Action Plan gives us a clear direction for the next five years, helping us cut costs, attract investment and support sustainable growth while delivering practical benefits for residents and businesses across the borough.

    The Plan also reflects wider borough priorities including support for sustainable travel, community energy initiatives and improvements to nature and green spaces.  

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  • Holiday Season Fraud Alert: Public Urged to Remain Vigilant Against Scams and Theft

    As the holiday season approaches, the Niagara Regional Police Service (NRPS) Fraud Unit would like to take the opportunity to draw the public’s attention to potential scams, frauds and thefts.  The Fraud Unit wants to remind individuals to remain vigilant as fraudsters and thieves take advantage of increased shopping, travel, and seasonal distractions.

    Distraction Thefts

    • What are they – Often occur in busy areas such as parking lots, shopping centres, and transit hubs. Offenders may attempt to divert a victim’s attention in an effort to steal wallets, purses, phones, or other valuables.
    • What can be done – These attempts can be mitigated by remaining alert, maintaining a personal space gap, and keeping personal belongings secure at all times.

    Financial Fraud Schemes

    • What are they – They often start with a phone call where fraudsters claim to be from a financial institution. Fraudsters may advise of alleged suspicious or fraudulent activity on an account and try to get victims to tell them their personal or financial information.
    • What can be done – 

    Financial institutions will never ask for your PIN, online banking password, or full security credentials. Do not provide this information over the phone. 

    Financial institutions will never send someone to your home or workplace to collect bank cards or cash.  Do not give your bank card or cash out to a “collector”.

    Financial institutions will never ask clients to assist with an “internal investigation.” Do not assist them. 

    You will never be instructed by a legitimate financial institution to withdraw money and send it to them in any format, including cash, gift cards, cryptocurrency, wire transfers, or e-transfers. Do not convert your money. 

    If you receive a request from someone who has contacted you, hang up immediately and contact your financial institution directly using a trusted phone number.

    The Fraud Unit would also like to remind people who use online shopping during the holidays, to exercise caution and verify the legitimacy of websites and sellers.  Watch for deals that seem too good to be true and avoid clicking on suspicious links or unsolicited advertisements.

    If you believe you have been targeted by fraud or theft, report it immediately to your financial institution and contact the Niagara Regional Police Service at 905-688-4111.

    Members of the community who wish to provide information anonymously can contact Crime Stoppers of Niagara online or by calling 1-800-222-8477(TIPS). Crime Stoppers offers cash rewards to people who contact the program with information which leads to an arrest.

    Staying informed and cautious can help ensure a safe and enjoyable holiday season for everyone.

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  • Canada, Ontario and the Region of Waterloo invest in public transit improvements

    Waterloo, Ontario, December 17, 2025 — Canada, Ontario and the Region of Waterloo are investing more than $291 million through the Public Transit Infrastructure Stream of the Investing in Canada Infrastructure Program to increase access to public transit, reduce emissions and improve service and accessibility for commuters in Waterloo Region.  

    The Honourable Bardish Chagger, Member of Parliament for Waterloo, Tim Louis, Member of Parliament for Kitchener—Conestoga, the Honourable Prabmeet Sarkaria, Ontario’s Minister of Transportation, the Honourable Mike Harris, Member of Provincial Parliament for Kitchener—Conestoga, Jess Dixon, Member of Provincial Parliament for Kitchener South—Hespeler, Brian Riddell, Member of Provincial Parliament for Cambridge, and Karen Redman, Chair of the Region of Waterloo, announced a total of nine investments together in Waterloo.

    Part of today’s investments will support the construction of the Kitchener Central Transit Hub (KCTH). Seamlessly uniting active transportation, ION light rail, GO transit, VIA rail, intercity buses, passenger vehicles and Grand River Transit, the new facility will operate as an important node connecting Kitchener to the greater Region of Waterloo and beyond. It will include modern and accessible features such as Wi-Fi, advanced security systems, a central plaza, and integration with the local trail network. Through this investment, the adjacent bus terminal at the corner of King Street and Victoria Street will also be upgraded with four additional bus bays and one mobility bus stop.

    Funding is also being provided for public transit projects that will improve and support the delivery of affordable and reliable transit options in the Region of Waterloo. The projects include purchasing 56 hybrid buses to replace retired diesel buses and expanding the fleet with up to 70 additional hybrid buses. Other projects will enhance access to transit by supporting improvements for paths and pedestrian bridges and support general transit operations by improving accessibility and commuter comfort and safety.

    Investments in public transit help Canadians get where they need to be, create new manufacturing and construction jobs, reduce pollution, and make life more affordable. The investments announced today will help reduce emissions, improve the travel experience for commuters and connect people to jobs, homes and more opportunities. Purchasing new hybrid vehicles, investing in sustainable technology, upgrading stops and paths around busy transit locations, and updating transit IT systems are vital to maintaining a safe, efficient and reliable public transit service for residents across the Waterloo region.

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  • FCA welcomes reform to the UK Benchmarks Regulation

    Since the introduction of the current regulatory framework, the financial landscape has evolved significantly. We now have an opportunity to build a regime that is more targeted to current market conditions and to reduce unnecessary burdens on industry, without compromising high standards. We are working with the Government to reform the current benchmarks regime to ensure that the regulatory framework remains proportionate, effective and tailored to UK markets.

    We will consult on the regulatory requirements in due course. As we develop our regime, we will engage widely to inform our approach, including with benchmarks administrators, users, and other regulatory bodies.

    Read the Government’s consultation.

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  • Brazil’s Mobile Electron Beam Accelerator

    Brazil’s Mobile Electron Beam Accelerator

    Electron beam treatment of wastewater is highly effective, but still relatively unknown in many industrial sectors. To increase the awareness of this application, Brazil has made the unit mobile, with support from the Republic of Korea. Worldwide, only a handful of transportable e-beam accelerators are in use for industrial applications. The truck-mounted accelerator will be able to visit industrial sites around the country with ease – showcasing how e-beam irradiation can solve wastewater challenges and providing an opportunity for in-person training. The mobile irradiator has already been tested for various applications in chemical, oil, and sanitation sectors, such as São Paulo Sanitation Company and Petrobras. It has also been used for training purposes including with the National Industrial Apprenticeship Service.  

    “Together, we developed the mobile unit, which uses nuclear technology — an e-beam accelerator — to degrade organic compounds in wastewater,” said Wilson Calvo, Director of Research and Development, CNEN. “The main proposal is to reuse this water, for example from clothing production or industrial applications,” he said. 

    The unit, equipped with a 700 keV, 28.5 mA and 20 kW industrial electron accelerator, was established by the Nuclear and Energy Research Institute (IPEN), which is part of CNEN, supported by the IAEA technical cooperation programme, the Brazilian Innovation Agency, the National Research Council and Truckvan. Wastewater flows directly through the unit, where it is irradiated by the e-beam accelerator. This breaks down toxins and makes any additional conventional treatments more efficient. Up to 1000 cubic metres of wastewater can be treated every day.  

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  • IMF Executive Board Concludes The 2025 Review of the Short-Term Liquidity Line

    IMF Executive Board Concludes The 2025 Review of the Short-Term Liquidity Line

    Washington, D.C.: The Executive Board of the International Monetary Fund (IMF) has formally completed its review of the Short-Term Liquidity Line (SLL) on December 17th. The Review concluded that the SLL will terminate in April 2027, at the end of the seven-year period following its establishment, in line with the original design of the instrument.

    Introduced in 2020, the SLL was established as a revolving and renewable backstop for countries with very strong economic fundamentals, policies, and track records of policy implementation. It provides liquidity support for members facing potential short-term, moderate balance of payments difficulties, reflected in pressures on the capital account and reserves and resulting from volatility in international capital markets. The SLL aims to help prevent emerging liquidity pressures from escalating into broader macroeconomic or financial instability. Since its inception, uptake has been limited.

    The 2025 review was informed by an IMF staff paper. Staff’s analysis highlighted the SLL’s role within the Global Financial Safety Net (GFSN) since the pandemic and its distinctive features within the IMF’s precautionary toolkit, including revolving access and cost advantages. However, the review also noted that the SLL’s attractiveness may be constrained compared to the FCL, which covers broader balance of payments problems, offers higher access, a longer repayment period, and has a more established signaling effect, while sharing the same qualification criteria.

    An informal meeting with Executive Directors was held on November 10, 2025, to discuss the review and the future of the SLL. The staff paper considered the merit of a short-term extension of the SLL term through October 2028, to allow for a decision on the SLL to be made in the context of the next comprehensive review of the IMF instruments available for precautionary lending. A range of views was expressed by Executive Directors with indications that support for such a short-term extension would be insufficient. Qualifying countries may request approval of SLL arrangements up until it is scheduled to lapse on April 14, 2027. Pursuant to the SLL policy, approved arrangements during this period will remain in effect until the earlier of the expiration or cancellation of the arrangement by the member.

    Looking ahead, a comprehensive review of the IMF’s instruments available for precautionary lending is tentatively planned for 2028. This review will incorporate lessons learned since the 2023 review of the FCL, SLL and PLL, and broad-based feedback from stakeholders. The objective will be to assess the IMF’s toolkit available for precautionary lending holistically, strengthen their effectiveness in supporting members’ balance of payments positions and crisis prevention, and address any gaps or overlaps. The review will build on recent and ongoing work related to the Global Financial Safety Net and the Review of Program Design and Conditionality, ensuring the IMF maintains a robust, flexible, and well-communicated toolkit that supports the resilience of the GFSN and meets the evolving needs of its diverse membership.

     

     

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  • Warner Bros favours Netflix offer over $108bn Paramount bid

    Warner Bros favours Netflix offer over $108bn Paramount bid

    Osmond Chia,

    Jonathan Josephsand

    Danielle Kaye,Business reporters

    Getty Images The Warner Bros. logo is displayed at Warner Bros. Studio, alongside an American flag.Getty Images

    The Warner Bros. logo is displayed at Warner Bros. Studio on December 5, 2025 in Burbank, California.

    Warner Bros Discovery has told its shareholders to reject Paramount Skydance’s $108.4bn (£80.75bn) takeover bid.

    Paramount had said its offer was “superior” to a $72bn deal that Warner Bros struck with Netflix for its film and streaming businesses.

    But in a dramatic plot twist in the story of who will take control of one of Hollywood’s oldest and most famous movie studios, Warner Brother’s board “unanimously” recommended rejecting the offer and agreed the deal with Netflix was in the firm’s best interests.

    The media giant put itself up for sale in October after receiving “multiple” expressions of interest from potential buyers, including approaches from Paramount Skydance.

    On 5 December, Warner Bros Discovery said it had agreed to sell its film and streaming businesses to Netflix.

    In a lengthy legal filing, Warner Bros Discovery’s board said the offer from Paramount poses numerous and significant risks, and strongly rejects the idea that the Ellison family – one of America’s richest – is financially supporting the bid.

    Paramount is backed by the billionaire Ellison family, which has close ties to the president.

    In a reflection of where power now lies in the entertainment industry, the Warner Bros board says the offer from streaming giant Netflix is well financed and offers better long term value to shareholders.

    Netflix welcomed the recommendation from Warner Bros. Ted Sarandos, Netflix’s co-chief executive, called the company’s merger agreement “superior” and “in the best interest of stockholders”.

    In a letter to Warner Bros shareholders, Netflix reiterated its stance that its bid for Warner Bros involves a clearer funding structure and less regulatory risk.

    Paramount could still come back with another offer, meaning the take-over saga gripping Hollywood isn’t over yet.

    The are considerable differences between the Netflix and Paramount offers.

    Netflix wants to buy Warner Bros. movie studio and its HBO streaming service, which would also give it access to Warner Bros’ rich library of content and secure access to those movies and shows for its subscribers.

    But it doesn’t want the media giant’s pay-TV channels. If Warner Bros. goes with the Netflix deal it would leave Warner Bros to sell off its television networks, such as CNN and TNT, into a separate company before the takeover is completed.

    Paramount, on the other hand, wants to buy Warner Bros in its entirety, which would mean acquiring competitors to its own TV channels such as CBS, MTV and Showtime.

    Regulators might raise questions about an erosion of consumer choice, as the entertainment industry continues to consolidate ownership.

    The week after Netflix announced its deal to acquire Warner Bros, Paramount Skydance launched a new offer for the whole company, including its television networks.

    A takeover of Warner Bros is expected to face scrutiny from competition regulators in the US and Europe.

    A new owner of Warner Bros would gain a significant edge in the highly competitive streaming market. It would get a huge library of films and TV shows, including Harry Potter, the MonsterVerse, Friends and the HBO Max streaming service.

    Mike Proulx from research firm Forrester said the battle for control of Warner Bros will take months more to be resolved.

    “What’s unfolding now feels like a real-life, far more consequential episode of HBO’s Succession,” he said. “And if you think you know how this plot ends, think again.”

    Some in the film industry have criticised the plan to merge all or part of Warner Bros with a rival. The Writers Guild of America’s East and West branches called for the merger to be blocked, arguing that it would result in lower wages and job cuts.

    The volume of content for viewers would also be reduced, it said.

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  • Guilford County Seeks Public Input on Waste and Recycling Services

    Guilford County Seeks Public Input on Waste and Recycling Services

    Guilford County is asking residents and businesses to share feedback through a brief online survey on how they manage garbage and recycling as the county develops its upcoming Solid Waste Management Plan. The survey gathers information on service satisfaction, recycling habits, accessibility, and community priorities related to waste management.

    Residents and businesses can visit GuilfordCountyNC.gov/LetsTalkTrash through Friday, Jan. 16, to share their input on waste and recycling services.

    “Our online survey gives everyone in Guilford County a chance to share what’s working well and where improvements are needed with waste and recycling services,” said Bonnie Ware, community environmental program manager. “Whether you’re a homeowner, renter, or business owner, your input will help Guilford County Environmental Services plan more efficient, sustainable, and responsive services.”

    The Solid Waste Management Plan will guide future decisions about collection programs, infrastructure investments, recycling initiatives, and environmental protection. Community input is essential to ensure the plan reflects the needs and experiences of Guilford County residents and businesses.

    For more information about Guilford County Environmental Services, visit GuilfordCountyNC.gov/Recycles.

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  • CSWP 34, Mitigating Cybersecurity and Privacy Risks in Telehealth Smart Home Integration

    In-patient service demands have increased during a time when patients have experienced reduced access to hospital care. Hospital-at-Home (HaH) solutions are a form of telehealth that provide an in-patient care experience in patients’ homes, offering the potential for improved outcomes. While these are desirable benefits, HaH involves privacy and cybersecurity risks by introducing hospital-grade medical or biometric devices and information systems outside the hospital’s direct control (i.e., the patient’s home). Patient homes increasingly feature Internet of Things (IoT) devices, such as voice assistants (e.g., smart speakers), as part of a broader “smart home” ecosystem. These devices may not have capabilities that support privacy and security practices and may be used as pivot points for attackers to gain access to a hospital’s information system.

    This paper introduces a notional high-level smart home integration reference architecture to better understand these risks. Building on NIST’s prior work in telehealth security, it examines privacy and cybersecurity risks associated with HaH deployments in the context of an integrated smart home environment, focusing on voice assistants (e.g., smart speakers) as a representative IoT device and outlines several sample threat events.

    To address these risks, this paper leverages the NIST Cybersecurity and Privacy Frameworks and NIST IoT Core Baseline to outline mitigation efforts for healthcare delivery organizations. The recommended mitigations include access control, authentication, continuous monitoring, data security, governance, and network segmentation.

    These recommended mitigation efforts adopt NIST frameworks and guidelines. For example, it highlights actions healthcare delivery organizations (HDOs) can take to isolate HaH equipment from other personally owned devices within the patient’s home to safeguard sensitive data. Without such protections, compromised, personally owned devices and voice assistants (e.g., smart speakers) may lead to unauthorized access to healthcare systems and patient information.

    In-patient service demands have increased during a time when patients have experienced reduced access to hospital care. Hospital-at-Home (HaH) solutions are a form of telehealth that provide an in-patient care experience in patients’ homes, offering the potential for improved outcomes. While these…
    See full abstract

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