Canada’s Rogers Not Offering Blackberry Z30
is Canadas biggest spender on research and development over the past 12 months at C$1.49 billion ($1.44 billion), according to data compiled by Bloomberg, more than four times the amount of the second-place company, Montreal-based Bombardier Inc. Without BlackBerry, Canada wouldnt have a company among the worlds top 300 R&D spenders on research and development. The firm said Sept. 27 it cut such spending in the first six months of its fiscal year by 2 percent from a year earlier, to $718 million. During this transition period, we are refocusing our business to ensure we have the right investments and resources in the right places so that we continue to innovate and stay competitive, the company said in an e-mail in response to a question about whether its research budget would be cut more. Canadas technology companies outperformed the rest of the economy since 2007 by largely escaping the 2009 recession. The industry has accounted for 7.5 percent of Canadian output growth since 2007, and its employees earn 50 percent more than the economy-wide average wage, according to Industry Canada data . Novel Products Canada will rely on these types of companies to conjure up new products and services, to find novel uses for existing products and to develop new markets, according to a 2011 panel report on business innovation for the government that was led by Tom Jenkins , chairman of Open Text Corp., a business software company based in Waterloo that draws its name from a text-search technology developed through a University of Waterloo project. These fruits of innovation are the tools that will ensure Canadas success in the twenty-first century. Economic expansion has slowed since late 2011, hobbled by weak global demand for the countrys exports. Bank of Canada Senior Deputy Governor Tiff Macklem cut the banks growth forecast for the rest of the year earlier this week, and said a rotation of growth toward investment and exports has proved elusive. For policy makers like Macklem and Finance Minister Jim Flaherty , BlackBerry is a company that had been doing all the right things — spending on innovation and focusing on faster-growing emerging markets like Indonesia and Brazil . Even there, sales have soured. Revenue from Latin America plunged 62 percent last quarter from a year earlier, and sales in the Asia-Pacific region tumbled 28 percent. Obamas CrackBerry In its prime, BlackBerry produced a smartphone so cool and addictive it was nicknamed the CrackBerry, with high-profile devotees like U.S.
Shriveled BlackBerry Has Canada Needing Research Driver
“The device manufacturers we work with bring a number of devices to market every year. We pick which devices to carry based on the needs of our customers and the decision not to carry this model was made several months ago.” Rogers currently carries the Blackberry Z10, Q10, and Q5, which the carrier said “can meet our customers’ demands for a BlackBerry device.” The company said “this is the way we’ve always done it,” pointing out that it declined to sell the BlackBerry Storm or the 9300. BlackBerry said the Z30 will instead be available in Canada on Bell, Telus , and MTS starting on Oct. 15. As noted by the Canadian Press, Rogers’s decision not to carry the Z30 has angered some who believe the carrier is abandoning BlackBerry in its time of need. “While some media reports have suggested that Rogers’ decision not to carry the device represents a change in our relationship with BlackBerry that’s simply not the case,” Rogers said. “We remain committed to BlackBerry and look forward to continuing to work together.” BlackBerry unveiled the Z30 in late September. As PCMag’s Sascha Segan described it , the Z30 is a “Galaxy S 4-sized maxi-Berry with a 5-inch screen, a bigger battery, and stereo speakers that runs the new BlackBerry OS 10.2.” Two days later, BlackBerry said it would drop two devices from its lineup for a total of four phones: two high-end devices and two entry-level devices in all-touch and QWERTY models. The Z30 will be the company’s high-tier smartphone, while BlackBerry will “re-tier” the Z10 so that it appeals to a more entry-level audience. More recently, however, BlackBerry announced plans to sell its business to a consortium led by Fairfax Financial Holdings Limited, which will take the troubled phone maker private in a $4.7 billion deal. Cerberus Capital Management is also reportedly interested in the company, the Wall Street Journal said . Editor’s Note: This story was updated at 2:30 p.m.
Canada’s auto production expected to fall 25 per cent by 2020
It wont create more production as a result. In fact, just keeping Canadas current level of production is the industrys best case scenario, said McCabe. Rodgers said the downward trend could be reversed as long as companies continue to focus on innovation and unions work co-operatively with carmakers to lower costs and boost productivity. If you take a look at Fords announcement, at the collective agreement reached between GM Ingersoll and Unifor last month, we believe there is good news in protecting what we do have, said Rodgers. Rodgers also called on the federal government to enhance global trade opportunities. Mexico has been able to attract more investment because it has free trade agreements with several countries. Canada has very few, but the Conservative government seems to be committed to making it more attractive to build and export from Canada. Jim Stanford, chief economist at Unifor, defended Canadian labour costs. Canadas costs are totally comparable to other developed countries, said Stanford. The high dollar doesnt help. But we have some advantages, too: higher productivity than the U.S., $5 per hour savings from medicare and a higher quality workforce. We cant compete on cost with Mexico or other low-wage countries, nor should we try to. Stanford reiterated the unions call for a national auto policy. He (McCabe) is the latest of several people to express concern about Canadas share of future investment spending by the assemblers.