Condo boom eating up office space

When Iain Dobson sees another condo or condo-hotel springing up on prime downtown land just steps from the subway, he becomes more convinced than ever that Toronto is risking its own future by trading off jobs for people. Toronto is reaching a tipping point — a shortage of development-ready land for new office towers at… Read More

IBM buys Toronto’s Algorithmics for $387-million

U.S. IT company IBM (IBM-N167.74-2.59-1.52%) is buying Toronto-based risk analytics software firm Algorithmics for $387-million in cash to enhance its financial services capabilities. IBM said the deal, expected to close before the end of October, expands its business analytics capabilities by helping clients manage financial risk. Algorithmics’ risk analytics software, content and advisory services are used by banking, investment… Read More