CEO Blog

Category Archives: Canadian Technology Landscape

All blog posts by Kevin Dee, Chairman at Eagle — Canada’s premier staffing agency, related to the Canadian technology landscape.

May Tech News

Tech News HeaderThis is my 30,000-foot look at events in the ICT industry for May 2018. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of May in previous years …

Five years ago, in May 2013, Yahoo purchased Tumblr for $1.1 billion. The $6.9 billion deal to take BMC Software private however did not cause the same kind of splash … the power of the brand? Manitoba Tel decided to shed its Allstream division to a holding company for $520 million; McAfee paid $389 million for Finnish security firm Stonesoft; Dell added to its cloud capabilities with the purchase of Estratius; AVG bought PrivacyChoice; and Ottawa based N-Able Technologies became one more Canadian company to be bought by a larger US company, this time Solarwinds for $120 million.

In May 2014, AT&T paid $50 billion for DirectTV and Apple paid $3 billion for Beats. Google continued to invest in its Android strategy this time with a strategy company, Divide, that will bring help breaking into the enterprise. Other acquisitions saw Seagate pay $450 million for some flash capability from Avago (the LSI divisions); GE bought cyber security firm Wurdtech; EMC bought a flash (see the trend) start-up DSSD; Time Warner bought Youtube video network FullScreen; and SAP bought behavioral target marketing company SeeWhy.

HP logoMay 2015 saw some very large deals on the M&A front, with the biggest seeing Charter Communications spend $55 Billion to buy Time Warner Cable and a further $10.4 Billion to buy Bright House Networks. This creates the second largest cable company in the US, just behind Comcast. The “Billion-dollar club” also saw French Telco Altice pay $9.1 Billion for another US cable company Suddenlink Communications. Keeping with the billion dollar deals involving telcos, Verizon paid $4.4 Billion for AOL to bolster its mobile video capabilities. Another Billion dollar deal saw HP unload 70% of its stake in its China server, storage and technology storage unit to Tsinghua Holdings for $2.3 billion. The final billion-dollar deal saw EMC pay $1.2 billion for cloud service provider Virtustream. Apple was out buying a couple of companies in May, snapping up mapping company Coherent Navigation and augmented reality company Metaio. In other deals Avaya bought cloud technology company Esna; and Cisco bought cloud programming interface company Tropo.

May 2016 saw some M&A activity with the largest deal seeing HPE merge its services arm with CSC in a $8.5 billion deal to create arguably the largest IT services company. In another large deal Vista Equity Partners is paying $1.79 billion for customer service and marketing cloud provider Marketo. There were some other big names out shopping in May too. Oracle paid $532 million for software as a service for the utilities vertical, company Opower; Google picked up interactive training platform Synergyse; Infor bought consulting services company Merit Globe AS; and ARM paid $350 million for imaging and embedded systems company Apical. Microsoft ended an unhappy period by divesting its feature phone business to FIH mobile for $350 million, and GoDaddy picked up cloud based phone company FreedomVoice for $43 million. New Signature picked up another Microsoft solution provider, Dot Net Solutions; and Edmonton based F12.Net bought Calgary-based professional services company XCEL.

The apple logo and apple with a bite out of itThe most significant purchase in May 2017 was the $1.86 billion sale of CenturyLink’s data centres and colocation business to a consortium led by BC Partners, Medina Capital Advisors and Longview Asset Management. Cybersecurity startup, Hexadite, was bought by Microsoft for $100 million. Goldman Sachs entered the BI space by purchasing a minority stake in Information Builders of New York City. Apple acquired Beddit, a Finnish sleep sensor product, for an undisclosed amount. Finnish cybersecurity firm, F-Secure acquired British security consultants, Digital Assurance also for an undisclosed amount

Which brings us back to the present …

Microsoft logoMay 2018 was a very active month for M&A activity, with Microsoft’s $7.5 Billion purchase of GitHub leading the pack in size.  Microsoft also bought AI company Semantic Machines.  Paypal paid $2.2 Billion for European payments company iZettle; Recruit paid $2.1 Billion for Glassdoor; Investment firm KKR paid $2 Billion for BMC Software; and Office Depot paid $1 Billion for CompuCom.  Other big names out shopping saw Oracle buy collaboration platform Datascience.com; Google bought cloud migration startup Velostrata; HPE bought Plexxi; Rackspace bought RelationEdge;and Splunk bought Phantom Cyber Company.  There were a number of other deals … perhaps too many to mention.

In a display of how careful we need to be online these days, two Canadian banks, BMO and CIBC Simplifi Financial announced online breaches by hackers who were holding them ransom.

On the economic front the US continues its march, posting strong job numbers and many positive indicators. Around the world the job numbers for most countries were generally positive.

Here in Canada Amazon announced an investment in Vancouver that will generate up to 3,000 jobs, employment numbers were little changed from March and GDP growth was relatively weak.

That is my look at the May tech industry news. The full edition will be available soon on the Eagle website. Hope this was useful and I’ll be back with the June 2018 industry news in just about a month’s time… until then, walk fast and smile!——————————————————————————————————————————
Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
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April Tech News

Tech News HeaderThis is my 30,000 foot look at events in the Tech industry for April 2018. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of April in previous years …

Five years ago, in April 2013 Rogers paid $200 million for Primus’s Blackiron subsidiary, including datacenter capability; Toronto based Softchoice also chose to go private in a $412 million private equity deal; Shaw paid $225 million for an Enmax fibre network subsidiary in Calgary; Best Buy sold its stake in Carphone Warehouse for $775 million (having paid $2.1 billion in 2008).  Google paid $30 million for social company Wavii.  Other big names on the acquisition trail in April 2013 included Intel (Mashery), IBM Facebook logo(Urbancode); Computer Associates (Nolio).  Finally, Facebook had a couple of small acquisitions Osmeta and Parse.  April 2014 saw Microsoft officially entered the handset business with the completion of the $7.5 billion purchase of Nokia’s devices business.  Zebra Technologies paid $3.5 billion for Motorola’s unit that makes mobile devices for business which is a move in the ever-expanding Internet of Things space. Apple paid $479 million purchase of the LCD chip development unit of Renesas Electronics.  IBM snapped up marketing automation software company Silverpop Systems and open source software company Red Hat paid $175 million for storage company Inktank.  In April 2015 there was plenty of action.  Nokia was the biggest story, paying $16.5 billion for telecom company Alcatel-Lucent, but there was also a $4 billion deal that saw Capgemini buy services firm IGATE and LinkedIn made its largest acquisition ever, paying $1.5 billion for training portal Lynda.com.  LinkedIn also bought a predictive insights startup company, Refresh.  Netsuite paid $200 million for ERP and commerce software company Bronto Software and Blackberry reputedly shelled out $150 million for file sharing security company Watchdox.  Salesforce was also out shopping, picking up mobile two-factor authentication startup, Toopher.  In another deal involving billions, Informatica decided to Bell logofollow in DELL’s footsteps and go private for a $5.3 billion price tag. April 2016 saw some big deals, the biggest was Bell’s $3.8 billion bid for Manitoba Telephone System, which closed in 2017.  Other large deal saw a Chinese conglomerate bid $3.6 billion for Lexmark; and Plantronics shell out $2 billion for Polycom.  Oracle paid $663 million for cloud based construction software company Textura.  Nokia, who were also in the news announcing layoffs,continued to evolve their business model, this time into the wearable tech arena with the $192 million purchase of Withings.  Other deals saw Autodesk acquire 3D animation software company Solid Angle; and Dimension Data bought Toronto based Microsoft logocloud services company Ceryx. Last year in April 2017 Microsoft bought Israeli cloud-monitoring and analytics startup, Cloudyn. Flipkart, one of India’s larger ecommerce companies, acquired the Indian division of eBay (eBay.in) as part of eBay’s $500 million investment in Flipkart. VMware’s vCloud Air unit was acquired by OVH, a French hosting and cloud company. Global professional services provider, Accenture, purchased the UK-based automation services provider, Genfour. Toronto-based startup, Turnstyle Analytics, was acquired by Yelp for $20 million. California-based Coupa Software purchased Swedish software company, Trade Extensions for $45 million. Montreal-based financial technology provider, Alithya acquired big data solution provider, Systemware Innovation Corporation.  Other interesting news saw ride-hailing company, Lyft, raise $600 million in additional investments bringing the company’s valuation up to $7.5 billion.

 Which brings us back to the present …

Mitel LogoApril 2018 was not super busy on the M&A front although there were a few deals, including a $2 billion purchase of Ottawa based Mitel by Searchlight Partners, who will take the company private.  Mobile payments company Square paid $365 million for website company Weebly; iconic photo site Flickr has been bought by SmugMug; Adobe acquired AI startup Uru; Indeed bought Canadian jobs site Workopolis; and HPE Pointnext bought Redpixie.

My website breach of the month was the Nova Scotia Government’s access to information site which had 7,000 sensitive documents breached  … and marketing firm AppsFlyer tells us that there was about $800 million of “ad fraud” in the first quarter of 2018.

The economy in the US continues to show lots of promise, with almost every indicator being positive.  There are some indicators that Brexit is starting to impact the UK and the EU negatively.  Most other countries, including Canada had reasonably good job  numbers.

That’s it for my look at what was happening in the technology space over the last month, compared to the same month in previous years. I’ll be back at the beginning of June, until then – walk fast and smile!
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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
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March Tech News

Tech News HeaderThis is my 30,000 foot look at events in the Tech industry for February 2018. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of March in previous years …

In March 2013 Oracle continued its move into the telco space with the purchase of Tekelec; Google bought the small Toronto University-based company DNNresearch in the machine learning vertical; Microsoft sold Atlas Advertiser Suite to Facebook; and Yahoo bought Summly. In March 2014, Facebook made a somewhat surprising $2 billion acquisition of virtual reality company Oculus VR. Intel also expanded its horizons with the $150 million acquisition of smart watch maker, Basis Science. SAP added to its purchasing software suite with the acquisition of Fieldglass and TELUS made a couple of buys, Enode, a management consulting company out of Quebec and Med Access, an addition in British Columbia, to their healthcare division.  HP logoThree years ago in March 2015 HP paid $3 billion for Aruba Networks; Lexmark paid $1 billion for customer management software company Kofax; eCommerce company Rakuten paid $410 million for ebook marketplace Overdrive; Cheetah Mobile paid $58 million for mobile ad network MobPartner; TeraGo Networks paid $33 million for cloud provider RackForce; IBM bought natural language and image processing company AlchemyAPI; and in the cable TV world Charter Communications paid $10.4 billion for dell logoBright House Networks. In March 2016, we saw the $3 billion sale of Dell Services to NTT, a direct result of Dell’s restructuring following the recent purchase of EMC. IBM was out bolstering its services business with a couple of acquisitions; the first was Optevia, a UK-based integrator focused on Microsoft Dynamics; and the second was Bluewolf Group, a global Salesforce consulting partner. Montreal-based Yellow Pages picked up Toronto-based Juice Mobile, primarily for its mobile marketing capability. Another Toronto company, Influitive, raised some cash ($8.2 million) and bought a couple of mobile app companies, Ironark Software and Triggerfox; and Netsuite bought IQity solutions, a cloud-Intel logobased manufacturing software company.  Last year in March 2017 Intel bought Israeli computer vision company, Mobileye, for a hefty $15.3 billion. HPE bought storage solution provider, Nimble, for $1 billion. Amazon Web Services, a public cloud infrastructure provider, acquired Thinkbox Software, a company that provides software for managing media rendering workloads. Mozilla acquired Pocket, a startup that developed an app for saving articles and other content.

Which brings us back to the present …

Salesforce logoIn March 2018, there was a significant amount of M&A activity.  The deal of the month saw Salesforce pay $6.5 Billion for cloud integration company Mulesoft.  Plantronics is paying $2 Billion for unified communications company Polycom; and Amazon is paying $1 Billion for smart home company Ring.  Other deals saw eBay shell out $700 million for the commerce platform Qoo10; Cognizant is buying Bolder Healthcare Solutions; HPE Aruba is buying Cape Networks; VMWare is buying security company E8; and Deloitte is buying API Talent in New Zealand.  It is also nice to see Avaya buying Spoken Communications after leaving Chapter 11 bankruptcy protection.

Facebook logoFacebook received a lot of attention around the world this month with questions about improper use of client data and their potential role in major political situations like the US election and the Brexit vote.

The Canadian economy has enjoyed a reasonably decent run in 2017, but 2018 is starting to look less than rosy.  Indications are that GDP and employment growth will slow down as the year progresses.  Obviously NAFTA negotiations and inter-provincial spats will have some influence, in addition to new labor laws and the carbon taxes beginning to take effect.  The US economy is benefiting from the recent tax decreases and the general tone around the world is focused more on positive employment numbers and skills shortages rather than high unemployment.

That is my monthly look at what was happening in the technology space over the last month, compared to the same month in previous years.  I’ll be back in about a month’s time, until then … walk fast and smile! ——————————————————————————————————————————
Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
——————————————————————————————————————————


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February Tech News

Tech News HeaderThis is my 30,000 foot look at events in the Tech industry for February 2018. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of previous year’s Februarys …

Five years ago in February 2013 Dell went private in a $24.4 billion deal that included a $2 billion investment by Microsoft.  Oracle paid $1.7 billion for networking company Acme Packet Inc.; Rackspace bought big data company ObjectRocket; Telus was busy with two acquisitions, electronic medical records division of the Canadian Medical Association and digital forensics company Digital Wyzdom; HP also sold the Palm operating system to Facebook logoLG for their smart TVs.  February 2014 was busy in M&A. Facebook make a big move with the $16 billion acquisition of Whatsapp.  Comcast made a $45 billion play for Time Warner Cable and regulatory approval or otherwise is imminent; Oracle paid a reputed $400 million for data management platform company Bluekai; LinkedIn paid $120 million for online job search company Bright; and Klout was bought for about $100 million by Lithium Technologies.  Google made a couple of acquisitions, online fraud company Spider.io and secure logon company Slicklogin.  IBM bought database as a service company Cloudant; and Monster bought a couple of companies, social profile company Talentbin and job aggregation and distribution technology company Gozaic. Finally, Microsoft announced Steve Balmer’s retirement and appointed a new CEO, Satya Nadella. Three years ago February 2015 saw some interesting activity.  The $6.3 billion merger of Staples and Office Depot and the $1.6 Billion purchase of Orbitz by Expedia are two examples of sectors experiencing massive consolidation.  There was a big buy in the communications and IT space with Harris paying $4,75 billion for Excelis to establish a 23,000 person company.  There was a big data center play with UK based Telecity Group paying $2.2 billion for Microsoft logoInterxion Holdings.  Microsoft made a couple of acquisitions, paying $200 million for pen-tech maker N-Trig and $100 million for mobile calendar company Sunrise.  Samsung bought a mobile payment company (competing with Apple pay), LoopPay.  Also out buying was Twitter which picked up Niche, a network of social media creators.  There were a number of interesting deals in Asia, including Sapdeal buying luxury fashion estore Exclusively; Foodpanda made six acquisitions of online meal delivery services to establish itself as a powerhouse in that space.  Australian job board OneShift bought Adage, which is a job board serving people over 45.  In February 2016 the biggest deal saw HNA Group of Cisco logoChina pay $6 billion for Ingram Micro.  Two other billion dollar deals included Cisco paying $1.4 billion for IoT company, Jasper Technologies and a consortium of Chinese internet firms making a $1.2 billion bid for Opera. Microsoft was busy with a couple of acquisitions, Xamarin a cross platform mobile application development company, and Swiftkey which produces predictive keyboard technology.  Another busy company was Alibaba Group which was investing in a bunch of companies, including a $100 million investment in Groupon, and smaller investments in microblogging site Weibo; software company Momo; augmented reality startup Magic Leap; Chinese retail chain Suning; and Singapore telco SingPost.  Other companies of note out buying included IBM who bought digital agency Aperto and Blackberry acquired cybersecurity company Encription.  Last year February 2017 saw very little M&A action.  Nokia paid $371 million for Finnish telecom software company Comptel, as it reinvents itself, and Apple picked up an AI startup company RealFace.    Another company in the news, but for the wrong reasons was Samsung which is in the middle of a significant bribery scandal.

Which brings us back to the present …

February 2018 was a very active month in M&A, with lots of deals.  The biggest saw more consolidation in the telco space with US based GTT paying $2.3 billion for London headquartered Interroute, thus expanding its global footprint.  Security companies were a theme in this month’s acquisitions and you will spot several in the following list.  Cybersecurity firm Phishme was bought with $400 million of private equity money; Splunk paid $350 million for Phantom Cyber Corp; and Proofpoint paid $225 million for Wombat Security Technologies.  Other deals saw LogMeIn pay $342 million for Jive Communications; Carbonite pay $146 million for Mozy; and  Red Hat pay $250 million for Core OS.  Some of the household names that were also out making deals included Oracle, Google, Opentext, Avaya and Citrix.  All in all the busiest M&A month I have seen in a while.

Samsung was in the news for passing Intel in size within the chip manufacturing market for the first time, which is much more positive press than the scandal of a year ago.  The fourth quarter of 2017 saw the first decrease in smartphone sales since 2004.  It is suggested that cybercrime is now costing $600 billion annually which is up about a third in the last three years.

The Canadian market took a hit in January, losing 80,000 jobs (50,000 in Ontario).  The stark difference in tax treatment between the Canadian budget and the US tax reform moves, together with NAFTA negotiations are causing some concern in Canada.  The US however continues to enjoy continuing job growth and almost every indicator is positive. Around the world most countries are enjoying job growth and positive indicators.  One exception to all that positivity is in the UK where the uncertainly around the Brexit seems to be having an impact.

That is it for my monthly look at what was happening in the technology space over the last month, compared to the same month in previous years.  I’ll be back in about a month’s time, until then … walk fast and smile! ——————————————————————————————————————————
Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
——————————————————————————————————————————


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January Tech News

Tech News HeaderThis is my 30,000 foot look at events in the Tech industry for January 2018. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of previous year’s Januarys

Five years ago, in January 2013 Cisco bought mobile network software company Intucell for $475 million and sold its Linksys division to Belkin.  The biggest dollar value deal was AT&T’s purchase of some of Verison Wireless’s airwaves for $1.9 Billion.  Other deals saw NCR buy video software ASTM company uGenius Technology; Canon Canada acquired long-time partner and document management company Oce Canada; NetSuite bought retail management systems company Retail Anywhere; and AVI-SPL bought Duocom-Duologik.  January 2014 was an interesting month with a few big M&A deals.  Google was an especially busy player, selling its Motorola Mobility handset unit to Lenovo for $2.9 billion but paying $3.2 billion for Nest Labs and the company also bought Bitspin.  The other big deal saw VMware pay $1.17 billion for mobile device management company AirWatch.  Other big names on the acquisition trail included Oracle who bought cloud based service delivery company Corente; Microsoft paid a reputed $100 million for cloud based service company (seems to be a theme) Parature; Ricoh purchased IT service company Mindshift from BestBuy; and Hootsuite bought analytics company uberVu. Three Yahoo logoyears ago in January 2015, the biggest deal was Hutchison offering more than $14 billion for O2. Other big dollar news saw Yahoo looking like it might be remaking itself, spinning off its $40 Billion stake in Alibaba to become smaller, leaner and either buy or be bought!  The final M&A activity involving a “B” was Telco equipment company Commscope offering $3 billion for TE Connectivities network business.  There were also a number of very well-known companies out buying, and in no particular order … Amazon paid something like $300 million (approximate) for chip designer Annapurna Labs; Expedia bought its online travel competitor Travelocity for $200 million; Samsung paid $100 million for Brazil’s largest print company Simpress; Google paid about $100 million for mobile payments company Softcard; Facebook bought Wit.ai a company that has a Siri like solution that can be embedded in other products; Dropbox bought CloudOn a document editing and productivity tools company; Twitter paid somewhere between $30 million and $40 million for Zipdial, an Indian company that does some funky marketing thing with phone hang ups; and finally Microsoft made two acquisitions, startup text analytics company Equivo and in a departure from its history it bought open software company Revolution Analytics. There were no huge deals in IBM logoJanuary 2016, but there was plenty of activity with some of the household names out shopping.  IBM bought video service provider Ustream; Microsoft bought game form learning tool MinecraftEdu; Apple bought “emotion recognition” company Emotient; and Oracle bought media web tracking firm AddThis.  Toshiba bought an ERP solutions company Ignify, and a number of smaller deals included Juniper Networks buying BTISystems Inc.; FireEye bought iSight partners; Acceo Solutions bought Groupe Techna and SmartPrint bought LaserCorp’s Toronto based managed print services business.  Last Cisco logoyear, in  January 2017 the multi-billion-dollar deal of the month was Cisco’s purchase of app performance management company, AppDynamics for $3.7 billion. HP Enterprise purchased data center hardware provider, SimpliVity for $650 million. Microsoft acquired Montreal-based deep learning start-up Maluuba for an undisclosed sum. Google announced plans to purchase Twitter’s mobile developer platform Fabric. Trello, the startup behind a leading task-management app was purchased by Atlassian for $425 million. CRM giant, Salesforce bought Unity&Variety to enhance its productivity app service Quip Managed Service Provider of data and database administration, Datavail, acquired Canadian IT channel leader Navantis.

Which brings us back to the present…

Amazon logoJanuary 2018 saw the continuing saga of cities bidding to win Amazon’s second headquarters, now down to 20 finalists.  The Meltdown and Spectre hardware bugs are causing major headaches for tech companies and their clients, with the potential for hackers to take advantage.

On the M&A front the big deal saw investment management software company SS&C pay $5.4 billion for financial services software company DST Systems.  Amazon Web Services increased its cybersecurity protection capabilities through the purchase of Sqrrl.  ADP bought gig economy tool WorkMarket and TD Bank bought a Canadian AI company Layer 6.

The economy is getting “interesting”.  After some good indicators in 2017 Canada lost 88,000 jobs in January.  It is likely that new labor legislation introducing tougher labor laws and increased minimum wages in Ontario and Alberta were factors.  The US numbers are still looking good adding another 234,000 jobs in January, Global CEO confidence is up and indicators around the world still seem positive.  A stock market correction in mid-January is however causing some concern.

That has been my look at the tech news for January … until next month, Walk Fast and Smile!
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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
——————————————————————————————————————————


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Canada’s Job Market – Fourth Quarter of 2017

Canadian Job MarketGeneral Observations:

The unemployment rate at the end December was 5.7%.  This was the lowest rate in forty (40) years, and a significant improvement over September when it was 6.2%.  During the previous 12 months, Canada added a very strong 422,500 jobs of which 394,200 were permanent full time jobs.

As just one indicator of the markets, and for the purposes of this report I focus on the TSX which showed strong growth during Q4, ending with a reading of 16,200 which was an improvement of 600 points from the end of Q3.

The price of a barrel of oil saw a little resurgence in the final quarter of 2017 reaching heights it hadn’t seen for a few years now.  It remains to be seen whether a price near the $65 range is sustainable, or the result of some OPEC activity but some companies are reacting positively.

The Canadian dollar continued to operate in the 80c US range, which was very similar to Q3.  This was positive given how well the US economy has been performing.

The Canadian Staffing Index is an indicator of the strength of the largest provider of talent in any economy (the staffing industry) and an excellent barometer of the health of Canada’s economy. The reading latest reading Q4 was close to its high, at 123.  This was a big jump from its Q3 reading of 109 and a reading of 116 in Q4 of last year.

Eagle logoHere at Eagle, demand was about as expected in Q4 which includes the holiday season.  Client demand dipped about 15% and was very similar to demand in Q4 of last year.  The number of job applicants was up more than 20% from Q4 of a year ago, and very similar to last quarter when we would have expected a seasonal dip.

Some of the sectors with big talent demands.

Piggy Bank accepting moneyThe financial sector is a huge employer in Canada and top talent is always in demand.  Technology is a huge part of their ecosystem and they invest in leading-edge technologies to gain competitive advantage and to improve productivity.  The banks have been leaders in automation (ATMs etc) and invest in AI, technology incubators and all of the latest innovations.  There will continue to be a demand in their technology shops into the foreseeable future.

Like the banks, the telcos are big believers in technology and invest heavily.  They have large technology groups and are always looking for ways to differentiate and gain competitive advantage through the use of technology.  While they demand the best talent in order to compete, they are also careful about keeping employment costs under control, particularly as they are also acquisitive, which can mean a big focus on integration of acquired companies.  Some of the drivers of demand here include the highly competitive nature of the business, investment in infrastructure, technological innovation and a need to plan for a retiring “Boomer” workforce.

The US economy continues to add jobs, and with the recently introduced tax changes we can anticipate more investment and an even bigger appetite for talent.  The demand for skills in the US coupled with Canada’s increased tax burden will ensure that Canadian talent continues to head South.

ConstructionThe construction industry continues to thrive in Canada, and presents a good career opportunity.  The never-ending demand from the big projects (look at the skyline in just about any city), coupled with the demand for home renovation projects will ensure this demand continues for some time yet.  The aging workforce will also present opportunities, as workers retire.

The three levels of government in Canada are big employers, employing more than 20% of Canada’s workforce (CFIB).  These are well-paying jobs with great benefits, and with the retiring baby boomer generation comes a continuing need for talent.

More Specifically:

cn towerThere are more than six (6) million people living in the Greater Toronto Area (GTA) and it is home to more than 50% of Canadian head offices. It is the 4th largest city in North America, and represents about 60% of Eagle’s business.  As such it remains Canada’s busiest market, with the biggest appetite for talent.  The financial, telecommunications, insurance and services sectors are all busy.  The construction business is booming and there is a vibrant high tech/startup community.

The Saddledome in CalgaryThere are plenty of signs that Western Canada is recovering from the oil sector meltdown.  While the oil and gas sector itself is not particularly vibrant, it has turned the corner and the worst of the downsizing and layoffs are finished.  Large companies will always need talent, to replace their retiring employees, for new projects and to bring new lifeblood into the organisation.  Governments in Western Canada are continuing to implement programs and projects that require talent, infrastructure spending is happening and there are opportunities, particularly in the larger centres.  BC is enjoying the lowest unemployment rate in the country and Alberta is starting to see jobs come back.  Saskatchewan continues to be a leader in promoting business and hence job opportunities and Manitoba too is doing well.  Overall the West is in a good place.

Parliament building in OttawaEagle’s Eastern Canada region covers Ottawa, Montreal & the “Maritimes”.  Ottawa is very much a government town again, and there are opportunities in the Feds, which is returning to its employment highs of some years ago.  The tech sector in Ottawa is alive and well with some up and comers, like Shopify and Assent Compliance joinng the Mitels and others that have been around a while.  While not providing the opportunities of Toronto, Ottawa does have some demand for talent.  Quebec appears to be enjoying a renaissance as its unemployment rate is now better than Ontario’s, in addition to having healthier finances.  They have been able to attract industries (such as large data centres) to help the economy and add jobs.  It doesn’t hurt that their hydro rates are very competitive as opposed to Ontario’s situation.  The Maritime Provinces don’t represent a great opportunity for the job seeker, however PEI and Nova Scotia are both showing signs of an improving economy.

The Hot Client Demand.

At Eagle our focus in on professional staffing and the people in demand from our clients have been fairly consistent for some time.  Program Managers, Project Managers and Business Analysts always seem to be in demand. It might just be our focus, but Change Management and Organizational Excellence resources are in relatively high demand too. Digital, big data, data scientists, analytics, CRM, web (portal and self-serve) and mobile expertise (especially developers) are specializations that we are seeing more and more. On the Finance and Accounting side, we see a consistent need for Financial Analysts, Accountants with designations and public accounting experience plus Controllers as a fairly consistent talent request. Expertise in the Capital markets, both technical and functional, tends to be a constant ask in the GTA.  Technology experts with functional expertise in Health Care is another skill set that also sees plenty of demand.  This demand fluctuates based on geography and industry sectors, so we advise candidates to watch our website and apply for the roles for which they are best suited.

Outside of Eagle’s realm some of the in-demand skills include the classic tradespeople, drivers, and new tech skills like Artificial Intelligence, Robotics, video gaming skills etc.

 Summary:

Canada added more than 422,000 jobs last year, and with the unemployment rate at its lowest in 40 years it is a good time to be looking for work.

There are a number of factors creating this positive situation, including demographic shifts (retiring Baby Boomers), jobs moving to Canada from more expensive places like Silicon Valley and companies developing new technologies.  The large employers, such as banking sector, insurance sector, retail sector, telecommunications sector and the construction industry continue to demand talent. The growth of the “gig economy” creates new opportunities for people to define their own destiny and become mini-entrepreneurs, or build new enterprises.

Job seekers should research and understand the growing sectors and where the in-demand jobs are.  They also need to be willing to go where the work is!  If I was looking for work I would be moving to the larger centres, investing in in-demand skills and increasing my marketability with the right “attitude”.  Clearly the biggest job market is the GTA, but opportunity exists across the country.

In the hotter markets we are seeing clear skills shortages and the “in demand” people are receiving multiple job offers, giving them the ability to “pick and choose”.  So … IF you are looking people, and want to hire the best talent here are some things you should consider:

  1. Start the process early with a strong PLANNING phase;
  2. Develop very clean processes to find, screen, choose, hire and onboard these new resources (if you drag out the hiring process you WILL lose);
  3. Know that you will have a lot of competition and therefore speed in decision making will be critical;
  4. The job doesn’t stop there … a great retention strategy will be critical!

That was my look at the Canadian job market for the third quarter of 2017 and some of its influences.

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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
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December Tech News

IT Industry News - December 2017This is my 30,000 foot look at events in the Tech industry for December 2017. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of previous year’s Novembers

Oracle logo a large software company originally noted for its databaseFive years ago, in December 2012 there was a fair amount of M&A activity with Oracle making two acquisitions, marketing automation company Eloqua ($871 million) and Dataraker which provides analytics for utilities companies.  The big deal of the month saw Sprint pay $2.2 Billion to take full control of cellular competitor Clearwire.   Montreal based Cogeco paid $635 million for Peer 1 Networks and NCR paid $635 million for retail software and services company Retalix.  In the BYOD space Citrix bought mobile device management company Zenprise for $355 million.  Finally, Redknee added 1200 employees and 130 new clients through the purchase of Nokia Siemens’ Business Support Network. IBM logoDecember 2013 was a slow month, however Oracle pulled off a $1.5 billion buy of marketing software company Responsys; Akamai paid $370 million for cloud-based security solutions provider Prolexic; JDS Uniphase paid $200 million for enterprise performance management company Network Instruments; IBM bought a “big data” file compression company Aspera and Hitachi expended its solutions capability with the purchase of Calgary based Ideaca.  In other company news Target, although not an IT company, had a major security breach involving details of 40 million debit and credit cards.  Three years ago December 2014 was not such a slow news month, with the political and technical ramifications of “the Sony hack” causing uproar, some very positive economic indicators out of the US and some big names making acquisitions, albeit not huge deals.  Microsoft made two acquisitions, the $200 million purchase of mobile email app startup Acompli and mobile development company HockeyApp (which has nothing to do with hockey).  SAP bought travel and expense management company Concur; Intel bought a Montreal based identity management company PasswordBox; Oracle bought digital marketing company Datalogix; Teradata bought data archiving company Rainstor; and MongoDB bought high-scale storage engine company WiredTiger. December 2015 was not a busy M&A month but there was some interesting activity.  The big deal saw Canadian telco Shaw make a big play into the cellular space with its proposed acquisition of Wind for $1.6 billion.  Meanwhile Rogers was also out shopping and growing its Maritimes presence through the acquisition of Internetworking Atlantic Inc.  Other deals in December were not large but did feature some of the big players.  Oracle bought Stackhouse a cloud company with a specialization in “containers”; IBM boosted its video in the cloud capabilities with the purchase of Clearleap; and Microsoft picked up a mobile communications company, Talko.  Other deals saw Ingram Micro buy the Odin Service Automation business from Parallels and in the storage world Carbonite bought Evault from Uber logoSeagate.  Last year in December 2016 Adecco sold its majority stake in Beeline VMS to GTRC, a private equity firm, for $100 million in cash plus a $30 million note; CRN solution provider SS&C purchased asset service firm Conifer for $88.5 million; solution provider QRX Technology Group acquired IT equipment provider Kerr Norton; networking solution provider, Juniper Networks acquired cloud operations management provider AppFormix; Uber bought start-up Geometric Intelligence Inc.; and Shopify acquired Tiny Hearts, a Toronto-based mobile product development studio.  Yahoo hit the news revealing that one billion accounts were hacked in 2013 making it the largest data breach recorded in history.

Which brings us back to the present …

The apple logo and apple with a bite out of itDecember 2017 saw Atos enhance the footprint of their IT Services firm by paying $5 billion for Gemalto.  Apple were busy, paying $400 million for music recognition app Shazam plus they invested $390 million into optical communications components company Finisar.  Finally, in a relatively quiet M&A month Ingram Micro increased its data protection capability through the purchase of Cloud Harmonics.

The Canadian economy had some positive indicators, adding jobs and reducing the unemployment rate to 5.9%.  The US also continued its growth rate, albeit at a slightly reduced pace although the announced tax changes for business are going to provide a significant stimulus.  Generally reports from around the globe were fairly positive, with job growth and reduced unemployment in most countries.

There was a cautionary report about ransomware in Canada that might suggest up to 44% of SMBs were hit with ransomware in a 12 month period.

That’s what I saw affecting the tech industry for December 2017.

Until next month Walk Fast and Smile!

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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
——————————————————————————————————————————


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November 2017 Tech News

Tech News HeaderThis is my 30,000 foot look at events in the Tech industry for November 2017. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of previous year’s Novembers

Five years ago in November 2012 Cisco made two significant “buys”, cloud infrastructure company Meraki ($1.2B) and cloud datacentre and software company Cloupia ($125M); Dell bought software tools company Gale Technologies; NCR bought retail software company Retalix ($650M); Cray bought software company Appro ($25M); Sprint Nextel bought a chunk of US Cellular ($480M); and Toronto based NexJ (headed by another ex-Andersen Consulting alumni) bought Broadstreet for $8.2 million.   In November 2013 Opentext paid $1.1 Billion for cloud based integration services company GXS Group and another Canadian deal saw Mitel buy Aastra for close to $400 million.  Other deals included ebay’s $800 million purchase of global payments company Braintree; Apple’s $370 million purchase of 3D sensor company PrimeSense; and Akamai’s purchase of Velocius Networks. Three years ago November 2014 was an exceptionally quiet month on the M&A front with the largest deal being the merger of two semiconductor companies, Cypress Semiconductor and Spansion to form a $4 billion company; private equity company Carlyle Group paid $700 million for investment bank technology company Dealogic and Yahoo shelled out $640 million for video advertising company BrightRoll.  November 2015 saw expedia pay $3.9 billion for HomeAway as a vehicle to better compete with Airbnb.  Zayo Holding Group became the first foreign company to own a Canadian telco after paying $465 million for Allstream.  Other, smaller deals saw Apple buy Faceshift, a motion capture company whose technology was used in a Star Wars movie; and Lightspeed POS bought SEOshop, increasing its size as a competitor to Shopify.  Other deals saw Ingram Micro grow its Brazilian presence with the purchase of ACAO; PCM bought Edmonton based services firm Acrodex; Data centre company CentriLogic bought infrastructure company Advanced Knowledge Networks; solution provider Scalar Systems bought another Toronto company, professional services firm Eosensa; and Washington based New Signature bought Toronto based Microsoft Partner, Imason.  Last year November 2016 saw Broadcom acquire Brocade Communication Systems for $5.9 billion; Adobe purchased multi-channel programmatic video platform TubeMogul for $540 million; IT services and outsourcing provider Wipro Limited bought IT cloud consulting firm Appirio for $500 million; Oracle Corp. announced its plans to acquire DNS solution provider, Dyn Inc.; SoftwareOne acquired and integrated House of Lync; and Avnet completed an acquisition of Hackster.

Which brings us back to the present …

November 2017 saw some interesting information from countries round the world.  China’s growth slowed a little, India is struggling in the IT jobs space and there are some negative some effects from the upcoming Brexit that are affecting the UK and EU.  The US is looking strong again following a hurricane affected dip and Canada added 35,000 jobs in October.

The Big M&A activity for the month sees investment firm Thoma Bravo pay $1.6 billion for Barracuda networks.  McAfee also made an acquisition of Skyhigh Networks now that they are no longer a part of the Intel group of companies.  Smaller deals saw Talend buy Restlet and Qualys buy Netwatcher.

Other companies in the news include Lenovo, a struggling hardware company in a declining PC market and laying off 2% of their workforce.  The other company of interest was Uber who revealed a massive security breach which they had neglected to mention when it happened a year ago!

That’s what I saw affecting the tech industry for November 2017.  Until next month Walk Fast and Smile!

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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
——————————————————————————————————————————


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October 2017 Tech News

Tech News HeaderThis is my 30,000 foot look at events in the Tech industry for October 2017. What you see here is a précis of the monthly report I produce, which will be available in more detail at the News section of the Eagle website, where you will also find back issues.

A Little History of previous year’s Octobers …

Five years ago in October 2012 news was dominated by Hurricane Sandy and the US presidential election.   The big deal of the month was a $1.5 billion merger of two US cell carriers, T-Mobile and MetroPCS.  There were also a number of smaller deals, with EMC beefing up in the security area (Silver Tail), Telus expanding its medical solutions portfolio (Kinlogix Medical) and Avnet improving its IBM capabilities (BrightStar and BSP).  In the social networking world Yelp bought its European competitor Qype in a $50 million deal.

Oracle logo a large software company originally noted for its databaseIn October 2013 Oracle announced two acquisitions, both “cloud based companies: Big Machines provides pricing and quote date for sales and orders; and Compendium is a content marketing company.  Other “names” out shopping included Avaya buying the software division of ITNavigator for its call centre and social media monitoring software; Rackspace bought ZeroVM a tech company with a software solution for the cloud; Intuit bought consulting company Level Up Analytics, primarily to acquire its talent; VMWare bought “desktop as a service” company Desktone; Netsuite bought human capital software company TribeHR; and Telus enhanced its mobile offering with the purchase of Public Mobile.

HP logoThree years ago in October 2014 we saw a new trend, with two public companies both choosing to split into smaller entities.  HP announced it was creating a business service focused Hewlett-Packard Enterprise and personal computing & printer company HP Inc.  Symantec also chose to split into two independent public companies, one focused on business and consumer security products, the other on its information management portfolio.  Other interesting news saw IBM pay $1.5 Billion to GlobalFoundries so it would take away its money losing semiconductor manufacturing business.  NEST bought competitor Revolv; EMC bought three cloud companies, The Cloudscaling Group, Maginatics and Spanning Cloud Apps; and in Korea, Kakao and Daum merged to form a $2.9 billion internet entity.

dell logoOctober 2015 brought some big deals with the biggest seeing Dell offer $26 billion to buy storage company EMC.  Interestingly an EMC subsidiary, VMWare was also out shopping, picking up a small email startup, Boxer.  In another deal involving “big bucks”, Western Digital paid $19 billion for storage competitor Sandisk.  IBM were also writing a big cheque, paying $2 billion in a big data/internet of things play for The Weather Network (minus the TV operations), and IBM also picked up a storage company, Cleversafe.  Cisco paid $522.5 million for cybersecurity firm Lancope; LogMeIn is paying $$110 million for LastPass; Trend Micro is paying $350 million for next generation intrusion prevention systems company HP Tippingpoint; Red Hat picked up deployment task execution and automation company Ansible; Vasco Data Security is paying $85 million for solution provider Silanis; and Apple is buying a speech processing startup, VocalIQ.  As industries converge it is interesting to see Securitas pay $350 million for Diebold’s US Electronic Security business.

October 2016 saw Qualcomm pay $47 Billion for NXP Semiconductor (interesting that one year later Qualcomm are being pursued).  The only other sizable deal saw Wipro pay $500 million for IT cloud consulting company Appirio.  Google picked up Toronto based video marketing startup FameBit and Pivot Technology Solutions picked up Ottawa based Teramach.

Which brings us back to the present …

Cisco logoOctober 2017 continues a recent trend of reduced big ticket M&A activity, although there was certainly some action.  Not yet a done deal, but Broadcom is chasing Qualcomm pretty hard and if it goes through it will be the biggest tech deal yet.   The latest rejected offer was north of $100 billion (some reports said $130 billion), but watch that space.  In the meantime Cisco is shelling out $1.9 Billion for Broadsoft which improves Cisco’s software capabilities.  The final significant deal saw Telus beef up its service provider capability with a $250 million purchase of Xavient.

Amazon logoThe other company in the news was Amazon (a) because of its much publicized search for a site for its second headquarters … which has 239 cities around the world excited at their prospects; (b) because they also announced a second presence in Vancouver, bringing another 1,000 jobs and (c) for its growing influence in the AI world, announcing a research center in Germany.

The economy continues to have many positive signs, although Hurricane’s Harvey, Irma and to a lesser extent Maria caused some temporary  negative impact to employment numbers in the US.  The general consensus seems to be that things will pick up again now, with some sectors even benefiting from the clean-up work.  Canada’s numbers were again good with Canada adding more than 300,000 jobs in the last year.

That is my update on tech news for October 2017 … until next month, Walk Fast and Smile!

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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
——————————————————————————————————————————


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Independent Contractor or Employee (Canada)

Henry Ford quote about business ownershipBefore I get into this blog post I will post a disclaimer … I am not an accountant or a lawyer, so this article cannot be construed as “advice” from a professional.  I am a staffing company owner who has been in the business more than 20 years and have been very involved with this issue at an industry association level.

In Canada independent contractors are typically one person corporations that offer their services on a “just in time” basis to many organisations.  That flexibility is good for our economy.  Some (small) percentage of those independent contractors will go on to create bigger companies, and that is also good for our economy.

I have written previously about the importance of independent contractors to Canada’s economy …  Independent Contractor Myths and Realities in Canada.

The Federal and Provincial governments have a problem with independent contractors because they often believe they are “employees of a different type” and thus are avoiding paying taxes, EHT, CPP, EI etc.   Obviously in such a climate it is prudent to do everything possible to be “onside”.

“A large percentage of small businesses are actually just ways for wealthier Canadians to save on their taxes …” Justin Trudeau

If you are an independent contractor it is imperative that you operate like a business … here are just three reasons.

  1.  The CRA look at independent contractors across a lot of different industries and are constantly evaluating whether they are true businesses.  If you are deemed to be (a) an employee (worst case) or (b) a dependent contractor (bad news) or  (c) operating on a Personal Services contract (also bad news) the tax implications are significant.
  2. The Ontario Government are likely to pass bill 148 with its effect starting in January 2018.  Some aspects of the bill address  independent contractors including  an increase in fines associated with misclassification.  They are also hiring 175 new employment standards officers, who will be focused on the new Bill 148 changes.
  3. The Federal Government recently tabled tax changes for small business, because they believe some people incorporate to avoid taxes.  You do not want that scrutiny.

Government continues its assault on the independent contractor, so independent contractors need to clearly demonstrate that they are a legitimate business.

“Whenever you see a successful business, someone once made a courageous decision.”  Peter Drucker

Here are some common sense (although not always common) suggestions:

  • Incorporate.  Yes, you can operate as a sole proprietor … BUT as a sole proprietor your agency must deduct CPP and EI, and there is even some debate about EHT.  This makes you look like an employee …  you do NOT want to look like an employee.  If you are serious about being a business then incorporate. PS More and more agencies are refusing to work with sole proprietors.
  • Get advisers … an accountant (who TRULY understands the nuances of this space … most don’t) also get a lawyer.  Sure its OK to do your own books, but still engage these professionals.
  • Have your own website.  What other business do you know that does not have a website?  This is just basic stuff.  You MUST operate like a business.  Your own domain would be a good idea.
  • Have business cards.  Even in the digital age I know of no service business that operates without business cards.  Considering the cost, why would you NOT get them.
  • Have a separate business phone number.
  • Have business insurance.  This is good business sense, and is the right thing to do professionally.  It is available at a reasonable rate and is a business expense … so just do it.
  • Advertise your services … on your website, and perhaps job boards.
  • Participate in industry associations such as AQIII or APCC.
  • Invest in yourself.  Take courses on your own time, learn new skills, spend some of those revenues on increasing the capability of your company (you).
  • Do NOT OPERATE like an employee.  If you are operating on a client site then invariably there will be employees there, with similar skills to you.  You should try to differentiate yourself, to avoid the appearance of being an employee.  Some ideas (and there are plenty more)
    • If you attend a company social, pay your own way;
    • If you take any training through the client, pay for it;
    • Do NOT adopt the rigid 9 to 5 mentality … you are a business, do what it takes.  Leave after the employees and if possible arrive before them.
    • Never get involved in company politics, part of being an independent contractor is remaining independent.
    • Do not get paid like an employee … every business I know gets paid monthly or based on milestone deliverables.  Getting paid every two weeks (or twice monthly) just looks too much like an employee.
  • Have your own tools. This is a big indicator in the CRA tests but most (maybe ALL) IT contractors cannot take their own tools to work, typically for security concerns.  However you should have your own tools for marketing purposes, writing proposals, accounting purposes, training purposes, tracking expenses etc.  Any demonstration that you have your own tools helps.
  • Take on risk.  This is another key indicator for CRA.  Sometimes you may get an opportunity to bill Statement of Work activities rather than time and materials, but most often you are paid an hourly rate.  You should accept contractual risk (non competes, monthly payment terms paid only on acceptance of work etc.).  You accept the risk of being responsible for your own future, training and your next contract.  Anything you can do to exhibit an entrepreneur’s mindset on risk will help.
  • Control. Where possible you should get terms removed from your contract that demonstrate a control over you, such as an employee would have.  Eg Hours of work, dress code, how you do your work etc.  This is a difficult one and end clients are often hard to convince, but it’s worth the effort.
  • Sole client. The longer you work at one site, in the same role, the more you begin to look like an employee.  Despite opinions, there are no hard and fast rules about how long is “safe” or pushing the limits.  You can be pretty sure that if your contract is going into years then it is likely to be scrutinised more closely.  That doesn’t mean you can’t be a contractor, it just makes it harder to justify.  Can you have other clients?  Perhaps a part time role supporting someone else?   If it is a long term contract could you change the terms to a higher risk based reward such as a deliverables based contract?  You could offer your services to charities and give them “in kind” donations of your time.
  • Educate yourself. Do not fall into the trap of reading the US articles, their laws are very different than ours.  Understand how the various levels of Canadian government look at independent contractors.  Be CLEAR about ALL of the things that differentiate you from an employee … hopefully most of the ideas here, but also no pension, no sick days, no vacation.  You accept the risk of no pay if you are not working.
  • Have a Sideline. Many large companies were started by contractors, or a group of contractors.   That is one of the values to the Canadian economy that contractors bring.  Your “sideline” could be Canada’s next big company … it could be anything such as an app, a software or hardware product, a services company.  Have a business plan, work with partners, explore the potential.  It could grow from an interesting hobby into something significant.

All of these ideas are just normal practice for a business, so the overriding consideration for anyone operating as an independent contractor is Think and Operate like a business.

To someone starting out this might seem a little onerous, but really none of these are BIG things and they go some way to telling the world that you truly are an independent business.

As already indicated, these are my personal thoughts on this subject and cannot be viewed as professional advice.

 

The following are some links that might be useful:

Government of Canada CPP & EI Explained (IT Consultants)

AQIII (Quebec Association of IT Freelancers)

APCC (Association of Professional Canadian Consultants)

SMB Statistics in Canada

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Kevin Dee is the founder and Chairman of Eagle (a Professional Staffing Company)
Want to know where Canada’s hot jobs are?   Visit the Eagle Job Board!
Have you tried Eagle’s (very cost effective) Virtual Recruiter service?
——————————————————————————————————————————


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