Tag: Systems

David Olive: Ballard Power Systems surges with Biden election and Dye & Durham software slides. Here are this week’s corporate winners and losers

Winners Ballard Power Systems Inc. (BLDP.TO) Investors in the world’s biggest maker of fuel cells for transforming hydrogen into energy have seen a 60 per cent surge in the value of their shares since the election of U.S. president-elect Joe Biden. Biden’s proposed attack on climate crisis, priced at about $ 3 trillion (U.S.), includes…

Locked-up computer systems only part of ‘terrifying’ ransomware scourge

TORONTO – A shadowy group of cyber criminals that attacked a prominent nursing organization and Canadian Tire store has successfully targeted other companies with clients in governments, health care, insurance and other sectors. Posts on their NetWalker “blog” indicate the recent infiltration of cloud-services company Accreon and document company Xpertdoc, although only the College of…

A Road Map to Payment Systems

On the road or in payment systems, traffic jams are a nightmare. But unlike our roads, our payment systems can avoid congestion thanks to redundancies. Simply put, the Bank of Canada invests in backup systems to ensure our operations are smooth and resilient, even in the face of disruptive events. COVID‑19 offers one example. The…

Magna scaling back Lyft partnership as fully self-driving systems look further off

TORONTO – Magna International Inc. is scaling back its partnership with Lyft Inc. to co-develop self-driving technology as it focuses research and development spending on more near-term prospects. It was only about two years ago that the Aurora, Ont.,-based auto parts giant struck an ambitious partnership with ride-hailing firm Lyft to develop and manufacture self-driving…