The Canadian government is being sued by a software developer over allegedly not paying a user fee for using intellectual property. The commercial litigation suit between the Ontario developer and the government stems from the allegation that Employment and Social Development Canada has been using the company's source code without a proper licence -- an allegation the government disputes. The company's management team says this supposed misuse was instrumental in the company not meeting its 2019 financial projections and contributed to layoffs and shareholder problems.
The world is changing for the well-heeled. In addition to swanky lounges where the upper crust can enjoy a high-priced designer cocktail at the end of the day, they will soon be able to order an expensive strain of marijuana edibles at a posh cannabis lounge set to open in 2020. This lounge will be the first of its kind in Ontario and with its opening, the business and commercial world will likely be bracing for more of the same. The 8,000-square-foot space will be located in downtown Toronto.
The Transat/Air Canada deal continues to heat up. When it comes to mergers and acquisitions in Canada, none has been getting more press than the possible union between the two major airlines. And Air Canada has just upped the ante by $200 million to an increased offer of $720 million. The board of directors at Transat has told its shareholders they should take the deal.
Cybersecurity is of paramount importance in today's business deals. Mergers and acquisitions in Canada fell in the first quarter of this year and much of that is being pinned on increased measures to thwart cyber theft. Both buyers and sellers of businesses are including cybersecurity as being at the top of the list when it comes to business purchases and sales.