Ottawa Business Journal
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Local Business News
Paramount shares higher on new arrangement with option holder
Paramount Gold and Silver Corp. (TSX:PZG) will be getting 400,000 shares of a Vancouver-based junior mining company in......
[ FULL STORY ]
 
Allen-Vanguard still in privatization talks; defers $5M repayment

Debt-ridden defence products maker Allen-Vanguard Corp. (TSX:VRS) is putting off another quarterly principal repayment,......
[ FULL STORY ]
 
Kinbauri-Glen Eagle dispute to head to arbitration
Kinbauri Gold Corp. (TSX-V:KNB) is proceeding to arbitration for its battle with Glen Eagle Resources Inc. after failing......
[ FULL STORY ]
 
Firms could be left hanging under new procurement vehicles
In a move that will reduce the number of professional services standing offers and supply arrangements run by individual government departments, Public Works is introducing a new centralized......
[ FULL STORY ]
 
Improve SME access to federal contracts, MPs tell Public Works
Business representatives are lauding a recent parliamentary report that directs Public Works officials to reduce the complexity and cost of bidding on federal contracts....
[ FULL STORY ]
 
PSP makes second round of layoffs
Pacific Safety Products Inc. (TSX-V:PSP) has announced its second round of layoffs in less than a year, with jobs being......
[ FULL STORY ]
 
Former OCRI head goes rural
The former president and CEO of OCRI during much of the 1980s and early 1990s is the new president of the Mississippi Mills Chamber of Commerce, the organization announced Wednesday....
[ FULL STORY ]
 
Diamond Exploration investor pops up for third private placement
Diamond Exploration Inc. (TSX-V:DIX) is seeking to raise $327,000 in a private placement to fund its diamond mining......
[ FULL STORY ]
 
UPDATE 4: Former TRM Technologies head submits guilty plea in bid-rigging case
The former owner of TRM Technologies Inc. has admitted to rigging a bid in a 2005 Transport Canada contract under investigation by the Competition Bureau as part of a sweeping case that will be......
[ FULL STORY ]
 
Bluesfest founder floats LeBreton Flats relocation

Hot on the heels of a federal $1.5-million investment in the festival to expand it to the ByWard Market,......
[ FULL STORY ]
 
Federal government chips in $1.5M for Bluesfest
Just weeks before the annual summer music festival will take place, the federal government announced a $1.5-million investment for Cisco Ottawa Bluesfest to expand it to the ByWard Market....
[ FULL STORY ]
 
UPDATE: Local inflation decelerates to 0.5% in May

Local inflation cooled further in May, but while the rest of the country felt the effect of a moderation in the prices of energy products, it was a different story in Ottawa, according to data......
[ FULL STORY ]
 
PSP wins $19M deal with DND, but warns of weak U.S. sales
Kanata-based Pacific Safety Products Inc. (TSX-V:PSP) has won a new $19-million, five-year contract with the Department of......
[ FULL STORY ]
 
Senators won't renew Roy Mlakar's contract

The Ottawa Senators have dismissed president and CEO Roy Mlakar....
[ FULL STORY ]
 
Kinbauri rejects Orvana offer again; officially cancels Glen Eagle deal
Shares of Kinbauri Gold Corp. (TSX-V:KNB) soared by almost 10 per cent Thursday following the news that it has officially......
[ FULL STORY ]
 
Iogen and Shell to provide biomass-infused gas in Ottawa
A partnership between local firm Iogen Corp. and Royal Dutch Shell will result in cellulosic ethanol-enriched gasoline being used in Ottawa for a limited time, company officials announced......
[ FULL STORY ]
 
Thermal Energy wins deals in Middle East, China; scores major distribution deal

Thermal Energy International Inc. ( TSX-V:TMG) has announced new deals totalling more than $650,000 in the Middle East and......
[ FULL STORY ]
 
Q3 hiring outlook weakens, but construction could be bright light in future: Manpower
While the hiring climate in Ottawa in the third quarter is expected to be healthier than in the rest of the province and the country, the employment outlook has weakened both quarter-over-quarter and......
[ FULL STORY ]
 
Kinbauri cancels Glen Eagle deal; prepares to go to court
Kinbauri Gold Corp. (TSX-V:KNB) has decided to terminate its arrangement with Glen Eagle Resources Inc. due to fears that......
[ FULL STORY ]
 
Carleton launches new economics centre
As governments grapple with implementing just enough financial stimulus to get the economy rolling again, one of the local universities is offering a formal way for policymakers to get access to......
[ FULL STORY ]
 
UPDATE: Unemployment rises to 5.9%, as national rate jumps to 11-year high

The unemployment rate for the Ottawa-Gatineau region rose 0.4 percentage points in May as the local economy lost 3,800 jobs, in line with a broader trend across the country....
[ FULL STORY ]
 
Glen Eagle loses funding for Kinbauri deal
A friendly deal between local junior mining firm Kinbauri Gold Corp. (TSX-V:KNB) and Montreal's Glen Eagle Resources Inc.......
[ FULL STORY ]
 
D'Addario's newest venture well on the way to achieving $1B vision

While The envision Group's latest acquisition of Ottawa firm LandEx Construction Inc. was largely a "tuck-in," in the words of the group's CEO Frank D'Addario, it's one of the company's steps towards......
[ FULL STORY ]
 
Ottawa Valley municipality pleads guilty to worker safety violation
The municipality surrounding the city of Pembroke has been fined $75,000 following the serious injury of a waste management worker....
[ FULL STORY ]
 
Orleans restaurateur fined almost $40,000
The owner of Eastern City, an Orleans-based Chinese restaurant on St. Joseph Boulevard, has been fined almost $40,000 for failing to report and remit provincial retail sales tax....
[ FULL STORY ]
 
Local firms rank among PROFIT 100 list
Five Ottawa companies have ranked among PROFIT Magazine's 21st annual list of the 100 fastest-growing companies in the country, with two more local firms making the magazine's Next 100 list....
[ FULL STORY ]
 
The envision Group acquires Ottawa firm led by D'Addario's wife
Less than a week after completing its first acquisition of the year, The envision Group has bought Ottawa-based LandEx Construction Inc., which is headed up by the wife of the group's CEO Frank......
[ FULL STORY ]
 
Mazorro to raise up to $160,000; in talks with partner about main property
Local junior mining firm Mazorro Resources Inc. (TSX-V:MZO) is planning to raise up to $160,000 to pay for its Mexican......
[ FULL STORY ]
 
Clearford posts zero revenues in Q1
In its second period after selling off its most profitable business, Clearford Industries Inc. (TSX:CLI) said it received......
[ FULL STORY ]
 
Allen-Vanguard to distribute portable explosives detector

Allen-Vanguard Corp. (TSX:VRS) has agreed to distribute a Maryland firm's portable explosives detection system along with......
[ FULL STORY ]
 
Mining firm discovers potentially diamond-bearing mineral boulders
Diamond Exploration Inc. (TSX-V:DIX) – formerly known as Patrician Diamonds – has discovered several boulders of......
[ FULL STORY ]
 
Kinbauri closes private placement amid controversy
Kinbauri Gold Corp. (TSX-V:KNB) has closed its recently announced $3-million private placement that's one of the issues......
[ FULL STORY ]
 
UPDATE: Chambers of commerce to merge

Once the largest business organization in the city, the Eastern Ottawa Chamber of Commerce will merge with the Ottawa Chamber of Commerce this September, the two groups announced Wednesday....
[ FULL STORY ]
 
Local firm envisions a Vancouver presence

While The envision Group is continuing its focus on bringing western Canadian companies under its umbrella, the Ottawa-based firm has branched out to a new city – Vancouver – with its first......
[ FULL STORY ]
 
PSP boosts profit despite sales slip
Kanata body armour manufacturer Pacific Safety Products (TSX-V:PSP) increased year-over-year net income by 39 per cent in......
[ FULL STORY ]
 
Number of local EI recipients soar
The number of local unemployed workers collecting employment insurance climbed 44.5 per cent in March, Statistics Canada reported Tuesday....
[ FULL STORY ]
 
Envision's IONA wins $15M Calgary Airport contract

Environmental construction services company The envision Group has won its third deal in two years with the Calgary Airport Authority, this time to perform improvements on the international airport's......
[ FULL STORY ]
 
Rogers alleges bias in CTV 'Save Local TV' campaign
CTV's coverage of the "Save Local TV" campaign is violating the Broadcasting Act and should be immediately halted, according to a complaint announced today by a coalition of telecommunications......
[ FULL STORY ]
 
Kinbauri lashes back at shareholder allegations
Kinbauri Gold Corp. (TSX-V:KNB) has fought back against allegations that it unfairly treated a takeover offer from a......
[ FULL STORY ]
 
UPDATE: Marcel Belanger, Turpin Pontiac Buick to lose GM designation

The decades-old Marcel Belanger Pontiac Buick GMC Inc. will lose its affiliation with General Motors Corp. (NYSE:GM) in 2010 as......
[ FULL STORY ]
 
UPDATE: Shareholder sues Kinbauri over treatment of competing takeover bids
One of Kinbauri Gold Corp. (TSX-V:KNB)'s shareholders is launching legal action against the junior mining company and its......
[ FULL STORY ]
 
UPDATE: Inflation slows to 0.9% in April

Following two months of accelerating inflation, year-over-year consumer price growth in Ottawa slowed again to 0.9 per cent in April, according Statistics Canada data released Wednesday morning....
[ FULL STORY ]
 
Hire Immigrants Ottawa gets $1.9M in government funding
A local agency that works with Ottawa employers to remove barriers to recruiting and retaining skilled immigrants says it will expand its activities after receiving a $1.9-million provincial......
[ FULL STORY ]
 
Paramount looking to expand Mexican mine again

Just about a half-year after buying out a partner in its main Mexican mine, Paramount Gold and Silver Corp. (TSX:PZG) is......
[ FULL STORY ]
 
Cancer cure could come from Ottawa: hospital chief
The groundbreaking human trials of a cancer-killing virus set to get underway this month will help the city attract leading medical researchers, said the head of the Ottawa Hospital....
[ FULL STORY ]