News - NEOMED, a not-for-profit organization whose mission is to create a bridge between academic research and the pharmaceutical industry, will receive $12 million in funding from the Government of Canada to help academic researchers turn their early discoveries into future medicines. This financing was attained thanks to the success of NEOMED’s application to the highly competitive federal CECR program.
News - Desjardins Financial Security (DFS) reported net income of $194.8 million for the first six months of 2014, compared to $191.7 million for the same period in 2013. DFS, a subsidiary of Desjardins Group, specializing in life insurance, health insurance and retirement savings products also posted a 4.6% increase in gross insurance premium income, which totalled $1.8 billion compared to $1.7 billion in the first half of 2013.
News - When Jean Marie-Roy built the St Denys du Plateau church in Quebec City in 1964, it was a modern wonder. At the time, almost 90% of Quebecois attended church regularly. Now it is barely 8% and churches are being desanctified and converted all over the Province; Arcade Fire turned one into a recording studio. Now Dan Hanganu has turned this one into a library. It is a wonderful demonstration of the adaptive reuse of a mid-century building for more modern uses.
News - Bolstered by the new partnership with her Quebec counterpart, Ontario Premier Kathleen Wynne is eyeing Quebec’s abundant hydro power to light up Northern Ontario’s Ring of Fire development and reinvigorate talks for a national energy strategy.
News - Capital régional et coopératif Desjardins (CRCD) released its financial results for the first half of fiscal 2014 – a non-annualized return of 2.2% and net earnings of $32.4 million. Effective noon today, the share price rises by $0.26 to $11.92. Net assets are now $1,460 million and total commitments at cost amount to $863 million.
News - Trimble announced today that it has acquired privately-held Load Systems International Inc. (LSI) a market-leading manufacturer of wireless and hardwired crane safety instrumentation, headquartered in Quebec City, Canada. The acquisition enhances Trimble's broad portfolio of technologies that improve the safety, quality, transparency and efficiency of construction and maintenance projects across a range of industries. Financial terms were not disclosed.
News - FISO Technologies Inc. (FISO), a leading manufacturer of high-quality Fiber-Optic sensors and signal conditioners, is proud to announce the launch of the EasyGrid Lite (EGD-LT), a new signal conditioner designed for temperature monitoring of smaller electricity transportation grid transformers.
News - More than 1,000 officer graduates from the FBI National Academy in Quantico, Virginia, are set to hone their skills at the Québec City Convention Centre from July 20 to 25, 2018, at the annual FBI National Academy Associates (FBINAA) Training Conference and Exhibition. The world’s strongest law enforcement leadership network picked Québec City as the destination for its summer conference for senior law enforcement professionals, most of whom come from a variety of law enforcement bodies in the United States, as well as Canada and certain other countries.
News - Structal-Bridges, a division of Canam Group Inc. (TSX : CAM), with US corporate office located in Point of Rocks, Maryland, has obtained two contracts totaling over $90M for the fabrication of the steel structures that will replace two major bridges in New York: the New NY Bridge Project to replace the Tappan Zee Bridge over the Hudson River owned by the New York State Thruway Authority and the Goethals Bridge that spans the Arthur Kill owned by The Port Authority of New York and New Jersey.
News - For the second quarter, Desjardins Group, the leading cooperative financial group in Canada, posted strong growth in all its business segments, reporting $3,157 million in operating income, up 7.4% from the same period of 2013. Business growth related to insurance activities generated a $159 million or 11.9%, increase in net premiums, which reached $1,499 million.