Corel Corp., an Ottawa-based software maker, recently announced it will cut its global workforce by nine per cent following losses reported by its owner, U.S. venture capital firm Vector Capital Corp.
Telus Corp. and CIBC have announced plans to forge a new, independent company that will offer Canadians an extra layer of security for their e-commerce transactions.
Industry representatives from Canada's advanced technology sector called on the federal government last week to invest $500 million over the next five years to make Canada a magnet for the highly qualified people necessary to sustain the growth projected for their industry.
Rogers iMedia announced Monday that it will be restructuring its operations starting with the closure of one of its Web sites, and reducing expenses and cutting staff in other operations.
President of the Treasury Board of Canada and Minister responsible for Infrastructure, Lucienne Robillard, said Thursday Canadians would be better served through online delivery of government information and services and announced additional funding of $120 million for the Government On-Line initiative.