The Bulldog

Dynamic but money-losing Shopify plans IPO

The dynamic but money-losing Ottawa startup firm Shopify plans to launch its service on the New York and Toronto stock exchanges. The company says it intends to raise as much as $100-million, but has yet to set a firm figure or a share price, it says in a regulatory filing. It seeks to be listed as SHOP on the New York Stock Exchange, and SH on the Toronto Stock Exchange. Shopify  provides a cloud-based commerce platform for small and medium-sized businesses, has been growing rapidly and raised $100 million in venture capital last year. Shopify was started in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake to sell snowboards online. Now, the company has about 500 employees, with offices in Ottawa, Montreal, Kitchener and Toronto. Growth in revenue has been astonishing — doubling from $23.7 million in 2012, to $50.3 million in 2013 and to $105 million in 2014. It loses money however, a circumstance not too fully explored in news stories today but maybe related to the cost of growth including staff.

Loblaws quite low-key about “teaming up” with Uber

A story in the Globe and Mail today by Susan Krashinsky makes much of a “teaming up” of Uber taxi and Loblaws for a week so that customers can try out the grocer’s Click and Collect service. You get to take Uber to the store for free. In the 20th (and final) paragraph of the story Loblaws makes its first appearance where Jeremy Pee is quoted as saying it certainly isn’t Loblaws intention to offer Uber credibility. What a team. Anyway, it would be more interesting to know just how Click and Collect is going. This is the scheme whereby you order online and specify a window within which you will pick up the groceries. It is available at the Redway Road store in Leaside. Globe and Mail 

South Bayview: LIT Espresso to feature Pig Iron Coffee

pig coffee

A new espresso bar will open at 1517 Bayview Ave in the days soon to come. It is a branch of the going concern LIT Espresso. The firm is closing on College Street it says but continues to operate on Roncesvalles. Ave. On Bayview, the windows are still covered at the little shop next to Write Impressions but The Bulldog we will be in there like a shot when it the doors open. LIT sells a coffee with a catchy name — Pig Iron

Leaside neighbours demand that 27 Fleming be demolished

A meeting of an estimated 60 neighbors in the Fleming Crescent and Parkhurst Blvd area expressed determination to see the illegal structure at 27 Fleming demolished. It is a three-year nightmare that seems far from over.

There is a stop-work order against the building. It was applied last year after a two-year period of mad non-conforming work. The original bungalow was cleared and work began on what the contractor told the city was a two storey home. That was just one little oversight as the floor space, height and structural specifications within the building expanded in all directions. The City seems to carry a lot of responsibility for what went wrong as well. The builder went to committee of adjustment and showed a set of plans. But as next door neighbor and lawyer Robert Ellis says: “They had a plan. They just didn’t build according to the plan”

Last night at the William Lea Room concerned residents met with the current owner, Hy Hirshberg, where the meeting was tense but under control. At the end, residents were satisfied that Mr. Hirshberg does not intend to make any changes to the large structure. Many neighbors spoke of how they had tried to get the city to stop work two years ago when it was clear that the  original owner was in violation of the bylaws. The home was largely framed up and closed in during this period. Now the owner has 30 days to appear at the Committee of Adjustment and seek whatever accommodation that it may offer. But residents say none is called for and are looking for an order to demolish. That cannot happen for another 90 days after the committee hearing Thus it may be four months before this central Leaside neighborhood will know the fate of 27 Fleming.

It was sold as a bungalow in 2012 for $670,000 and again to the present owner for $1,050,000 last year Residents theorize that the price paid is about the value of the mud and believe it remains a viable knock-down and rebuild for any competent builder. Councillor Jon Burnside (Ward 26) was at the hastily-called meeting and spoke twice, before and after the  meeting with the owner of the building. He explained the procedure at committee and offered a declaration to pursue the matter there and to seek City assistance with legal staff if the matter moves on to the Ontario Municipal Board. Also present at the meeting was Geoff Kettel of the Leaside Property Owners Association.

High Court minority says gun ruling “lacks common sense”

You might get a pretty good discussion going in most living rooms about whether it is “cruel and unusual” to sentence someone to a minimum three years for using a loaded, prohibited firearm in a first offense  But it wouldn’t matter what the armchair debate decided. That’s because the Supreme Court of Canada, by a majority of 6 to 3, does not like the idea. The Ontario Court of Appeal had previously found the notion “cruel and unusual”. So did the SCOC. It is an interesting matter because it is one where the Justices are bringing to bear personal opinion about what’s unusual and what’s cruel. There isn’t much factual precedent for this type of rumination. It’s just what you happen to believe. In this, case, the majority, led by Chief Justice Beverely McLachlin said the minimum terms would be fair in most cases, but would be grossly disproportionate in “reasonably foreseeable” cases that amounted to no more than licensing infractions, rather than serious crimes. The minority said that basing a law’s constitutionality on hypothetical cases that have never happened lacks common sense.

Meeting for Bayview Ave development April 22, 2015

soudan

Retail and residential plan has 243 parking spaces underneath

City officials and members of the Brown Group of property owners will be back before the public next week to take questions about a proposed development for the west side of Bayview between Soudan Ave and Hillsdale Ave. There was a meeting held in December at which residents voiced a lot of opposition to the height of the building. The notice sent out yesterday by the City indicates Brown Group is sticking with the nine-storey size of the building. Nine storeys exceed by close to double the neighborhood height permitted on Bayview. The building across Hillsdale at 1670 is five storeys. This meeting will be held at the Mt. Pleasant Public Library, 599 Mt. Pleasant on Wednesday, April 22, 2015. starting at 7 p.m. There was a favorable response among many who were present in December to the mixed use concept, retail spaces on Bayview and on a short turn at both Soudan and Hillsdale. Earlier story 

Twitter app blows away world copyright to TV premier

Technology continues to tear apart copyright and ownership of intellectual property. It started a long time ago when suddenly no one was getting paid for creating and playing music. Or not much, anyway. The latest manifestation of the vanishing copyright comes courtesy of a Twitter app called Periscsope. Last night it streamed Game of Thrones simultaneously with HBO.

Australian government takes no nonsense from antivaxxers

Parents who refuse to vaccinate their children will miss out on government benefits of up to $15,000 per child under a new measure announced by Australian Prime Minister Tony Abbott. Under current laws, families with children who are not immunized can still receive annual childcare rebates and other benefits if they have a personal, philosophical or religious objection.

 

Cap and Trade a brave new world of saving the future

It may be the finest addition to the life of the people of Ontario since OHIP, but Cap and Trade leaves many people wondering what it is and how it really works. Cap and trade is described by its advocates as the most economically sensible approach to controlling greenhouse gas emissions, the primary driver of global warming. The “cap” sets a limit on emissions, which is lowered over time to reduce the amount of pollutants released into the atmosphere. The “trade” creates a market for carbon allowances, helping companies innovate in order to meet, or come in under, their allocated limit. The less they emit, the less they pay, so it is in their economic incentive to pollute less. What many fear is that if businesses and corporations are financially punished for their pollution emissions, the costs will eventually be handed over to the consumers. Basic economic principles state that if a good’s price increases, demand usually decreases. However, because energy production is an inelastic good, utility companies can drive up their sale price to cover their rising production costs without seeing a decrease in demand from their customers. All of this becomes all-too-real at Premier Wynne signs an agreement today (Monday, April 13, 2015) with Quebec to create a system of cap and trade.