This year’s hottest phone is coming to Canada, available only from TELUS

TELUS has announced it will be the preferred Canadian carrier and retail partner of the new Essential Phone, available in store and online this summer. This premium smartphone is the first to come from Essential, the company recently announced by Android co-founder Andy Rubin. Canada and the United States are the first countries where the phone will be available. Canadians can pre-register on telus.com/essential now to receive the latest information about the Essential Phone at TELUS, including front-of-the-line access to pre-order and exclusive offers being announced in the coming weeks.

The Essential Phone is expertly crafted using titanium and ceramic, and features an edge-to-edge full display and dual camera system that eliminates any ‘camera bump’ in the industrial design. It also comes with top-of-the-line specs and 128GB of memory. The Essential Phone will be part of a modular ecosystem of accessories, including the world’s smallest 4K 360-degree camera. The 4K 360-degree camera, also to be available at TELUS, simply clicks onto the phone to easily point, shoot and share.

“We selected TELUS as our preferred carrier partner in Canada due to our strong alignment on the importance of continuous innovation and support for consumer choice,” said Andy Rubin, CEO of Essential. “We look forward to delighting Canadians with our premium crafted materials and powerful components.”

Rubin continued, “Our 4K 360-degree camera accessory creates immersive video and stills and allows Essential users to create VR content anywhere, anytime. I believe it is the beginning of a profound shift in the perspective of social media, news, entertainment, music, sports and fashion.”

The Essential Phone will be available for pre-order on telus.com at the end of July 2017, and online and in-store across Canada later this summer. Canadians can purchase the Essential Phone outright or on select TELUS Your Choice plans once it is available this summer. Pricing details will be shared in the coming weeks.

“We’re excited to be the launch partner for the Essential Phone in Canada. We take pride in carrying the latest smartphones and technology, ensuring that our customers have the greatest selection of products to suit their lifestyle,” said Dave Fuller, President of Consumer and Small Business Solutions at TELUS. “This partnership is another opportunity for us to do just that. We’re very pleased to give Canadians access to this highly-anticipated device with its 4K 360-degree camera, all complemented by Canada’s largest and fastest mobile network and our amazing customer service.”

Telesat Applauds the Government of Canada on the Release of Its New Defence Policy

Telesat commends the Government of Canada for the release of Strong, Secure, Engaged – Canada’s Defence Policy and the significant investments it outlines in its personnel and across a full spectrum of military capabilities and capacities, including placing a heightened priority on space and satellite communications.

Telesat is particularly pleased to see the Government’s commitment to address current capability gaps in satellite communication requirements, including the need to acquire space-based systems that will enhance and improve tactical narrow- and wide-band communications globally and throughout the Arctic, as well as new investments in remotely-piloted systems across all military environments. These critical capabilities will enhance Canadian sovereignty and national security and offer compelling opportunities for Canadian industry to provide mutually beneficial collaboration and services to the Canadian Armed Forces.

“Telesat and other Canadian companies stand ready to continue to work, and foster productive partnerships, with the Department of National Defence and the Canadian Armed Forces to deliver world class, ‘Made in Canada’ solutions that meet or exceed Canada’s requirements,” said Dan Goldberg, President and CEO of Telesat. “The Canadian space sector plays a vital role in the economy of Canada and has a long and proud tradition of supporting key Government initiatives and policy objectives,” said Mr. Goldberg. “Telesat looks forward to implementing the defence policy with the Government of Canada in a manner that creates highly-qualified, well-paying jobs, stimulates innovation, contributes to economic growth and fosters important export opportunities.”

With the announcement by the Honourable Harjit Sajjan, Minister of National Defence, of new investments in space and other capabilities across the military spectrum, underpinned by a long-term, 20-year stable funding commitment, the Government is providing an unprecedented opportunity for the Canadian defence industry, including the space sector, to effectively support the military in all of its undertakings.

Telesat also commends the Government on highlighting and emphasizing the vital need for a greater engagement with Canada’s defence industry from the earliest stages of research and development through to commercialization, in order to develop and deliver the best capabilities available for Canada’s military with the latest Canadian knowledge, innovation and expertise.

Teledyne DALSA Expands its Xtium Frame Grabber Series with New CoaXPress Model

Teledyne DALSA, a Teledyne Technologies company and global leader in machine vision, announced the expansion of its Xtium series with a new half-length CoaXPress frame grabber. Teledyne DALSA frame grabbers combine industry-leading performance and feature sets, great value, and extensive camera support.

The Xtium-CXP PX8 is fully supported by Sapera™ LT SDK and Teledyne DALSA’s Trigger-to-Image-Reliability™ platform. Like other models within the series, the Xtium-CXP PX8 takes full advantage of the PCIe Gen 2.0 platform using PCIe x 8 slots to deliver bandwidth of up to 2.5 GBs from four input channels (6.25 Gbps per channel). The Xtium-CXP PX8 is in full production now.

The Xtium series minimizes CPU usage and improves processing times for host applications by enabling maximum sustained throughput and ready-to-use image data. The Xtium family offers enhanced memory architecture to handle area and line scan, monochrome and color cameras.

Key features include:
Half-length PCIe Gen2 x8 board
Four DIN 1.0/2.3 coaxial connectors
Support for CXP cameras with 1, 2 or 4 output channels of up to 6.25Gbs/channel
Maximum host bandwidth up to 3.4GB/s
Support for color and monochrome area, line and Contact Image Sensor (CIS) cameras
Onboard processing for Bayer, Lookup Tables and Flat-Line/Flat-Field Correction
Independent External trigger inputs and strobe output for external event synchronization
Onboard general purpose Input/Output signals
Support for Power Over CoaXPress on 4 channels
Microsoft® Windows® 7, Windows 8.1 Windows 10 64 and 32-bit O/S

Teck Updates Steelmaking Coal Guidance

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided guidance for expected realized steelmaking coal price and an update on volumes for the second quarter of 2017.

The second quarter 2017 price for steelmaking coal sold under quarterly contract has been established based on an average of three assessments, which results in pricing of approximately US$190 per tonne. This index pricing mechanism will apply effective April 1, 2017, and for future quarters.

Teck now expects its second quarter average realized coal price to be between US$160 and US$165 per tonne. The differential between the quarterly benchmark price and our average realized price for the second quarter is larger than usual. After steel mills filled their prompt requirements immediately following the Queensland cyclone, there were very few prime hard coking coal spot sales during the four week period from mid-April. Steelmaking coal sales volumes for the second quarter of 2017 are expected to be between 6.8 and 7 million tonnes. Final quarterly sales will depend on timing of shipments.

Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Unites States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or achieved. Forward-looking statements include statements regarding Teck’s expectations regarding coal production and sales volumes and pricing.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Factors that may cause actual results to vary include, but are not limited to, unplanned disruptions in production or transportation, including due to weather or natural disaster, changes in general economic conditions or conditions in the markets for metallurgical coal, labour disruptions, changes in the price of diesel and other consumable inputs, and other risk factors as detailed from time to time in Teck’s reports filed with Canadian securities administrators and the U.S. Securities and Exchange Commission.

Certain of these risks are described in more detail in the annual information form of Teck and in its public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

TD Economics: A Maturing Recovery Still Waiting on Inflation

The U.S. economic expansion continues unfettered, according to a new report by TD Economics (www.td.com/economics), an affiliate of TD Bank, America’s Most Convenient Bank®.
“Despite a significant amount of volatility in quarterly growth rates in the first half of the year, on the whole, the U.S. economy is progressing largely as expected,” says TD Bank’s Chief Economist, Beata Caranci. “Growth is on track to reach its cruising altitude this year of 2.2%, and maintain a similar outcome in 2018,” says Caranci.

“An increasingly tight labor market is expected to make its presence known on wage pressures, and inflation. The Fed yesterday cast a vote of confidence in that process by raising rates another quarter point,” says Caranci.

“Financial markets remain skeptical of further Fed hikes,” says Caranci. “Who can blame them? After five years of underperforming the Fed’s 2% inflation target, markets are taking an ‘I’ll believe it when I see it’ approach to inflation.”

In TD Economics’ view, some of the factors putting downward pressure on inflation will prove temporary, such as a large one-time drop in the price of cell phone plans and a bottoming in energy prices. As the disinflationary impact of the U.S. dollar wanes, the directional pull to inflation is up. This should enable the Fed to raise interest rates one more quarter point later this year, while also shifting focus to reducing the size of its balance sheet. Overall, the Federal Reserve is expected to continue their gradual pace of rate hikes, with the funds rate reaching 2.25% by the end of 2018.

Consumer springs back into action

A key element of the soft start to the year was a slump in consumer spending, which grew at the slowest pace in over seven years. Fortunately, recent data point to a strong rebound of close to 3% in the second quarter.

Beyond the quarter-to-quarter swings, consumer spending is likely to run in line with underlying income gains. As the economic cycle matures, pent-up demand for big ticket purchases, like autos, is increasingly sated. This places more emphasis on developments within the labor market and income growth to provide a solid base for household spending.

As expected, businesses start spending

“A key piece of last quarter’s forecast was a pick-up in business investment. This has occurred in spades, with spending surpassing our expectations in Q1,” says Caranci. “While some of the strength came from an expected rebound in the oil and gas sector, it wasn’t solely contained within that segment, as evidenced across a broad swath of capital goods.”

Looking ahead, policies in Washington provide a two-sided risk to the outlook for investment. We have highlighted in the past how tax reform could provide a catalyst for stronger investment spending (see report). But, as the working out of a tax reform package with Congress drags on, there is a non-trivial risk that businesses delay investment decisions until they have more clarity on its potential tax treatment.

Risks from Washington persist

“We have never incorporated any fiscal stimulus from the new administration into our forecast,” says Caranci. “While President Trump continues to talk up the possibility of tax reform, the prospects of a comprehensive package passing Congress this year are dimming. At the same time, the White House budget contained significant cuts to non-defense spending that would imply a slower pace of government spending growth if enacted. Risks to our forecast from fiscal policy are not one-sided.”

Added to the mix is the risk of a government shutdown this September. It is seemingly unthinkable that a Congress and White House dominated by Republicans could fail to come to an agreement to avert a shutdown; however, the President has not ruled it out, so the risk cannot be ignored. The last chance Congress will have to raise the debt ceiling before it runs out of cash will be before the August recess, on July 28. Depending on how well Congress and the White House cooperate, this could lead to increased volatility on financial markets over the summer months.

TD Economics provides analysis of global economic performance and forecasting, and is an affiliate of TD Bank, America’s Most Convenient Bank®.

Suncor Energy provides update on Syncrude Mildred Lake Oil Sands facility

Suncor has provided an update on the Syncrude Mildred Lake Oil Sands facility following the March 14 incident.

Repairs are progressing as planned and the maintenance work scheduled for the fall has been added to the plan, extending the timing of full ramp up to mid-July. Shipments have been reduced to approximately 130 kbpd (gross) in order to complete the accelerated maintenance and are expected to ramp up as additional units complete turnaround activities.

The cause of the incident was a split in a 6-inch carbon steel line on a naphtha hydrotreater recycle circuit. Damage was largely isolated to a piperack adjacent to the hydrotreater, containing piping, cables, and electrical circuits.

The maintenance brought forward was included in Syncrude’s 2017 production plan, and there is no change to Suncor’s overall production guidance for 2017.

Legal Advisory – Forward-Looking Information

This news release contains certain forward-looking information and forward-looking statements (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements in this news release include references to: the timing of full ramp up; and the expectation that shipments will ramp up as additional units complete turnaround activities. Some of the forward-looking statements may be identified by words like “expected” and similar expressions.

Forward-looking statements are based on Suncor’s current expectations, estimates, projections and assumptions that were made by the company in light of its information available at the time the statement was made and consider Suncor’s experience and its perception of historical trends, including expectations and assumptions concerning: the accuracy of reserves and resources estimates; commodity prices and interest and foreign exchange rates; the performance of assets and equipment; capital efficiencies and cost savings; applicable laws and government policies, including royalty rates and tax laws; future production rates; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the satisfaction by third parties of their obligations to Suncor; the receipt, in a timely manner, of regulatory and third-party approvals; the duration of turnaround activities and repairs; and the timing for the ramp up of shipments.

Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Suncor, including the risk that the duration of turnaround activities and repairs or the timing for the ramp up of shipments may be longer than expected. Suncor’s actual results may differ materially from those expressed or implied by its forward-looking statements, so readers are cautioned not to place undue reliance on them.

Suncor’s Management’s Discussion and Analysis dated April 26, 2017 and its Annual Information Form, Form 40-F and Annual Report to Shareholders, each dated March 1, 2017, and other documents it files from time to time with securities regulatory authorities describe additional risks, uncertainties, material assumptions and other factors that could influence actual results and such factors are incorporated herein by reference. Copies of these documents are available without charge from Suncor at 150 6th Avenue S.W., Calgary, Alberta T2P 3E3; by email request to invest@suncor.com; by calling 1-800-558-9071; or by referring to suncor.com/FinancialReports or to the company’s profile on SEDAR at sedar.com or EDGAR at sec.gov. Except as required by applicable securities laws, Suncor disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Suncor Energy is Canada’s leading integrated energy company. Suncor’s operations include oil sands development and upgrading, offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. A member of Dow Jones Sustainability indexes, FTSE4Good and CDP, Suncor is working to responsibly develop petroleum resources while also growing a renewable energy portfolio. Suncor is listed on the UN Global Compact 100 stock index and the Corporate Knights’ Global 100. Suncor’s common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

Add High-Capacity External Data Storage

StarTech.com has announced the release of a new Dual-Bay 3.5” Drive Enclosure (SKU: S352BU313R) which enables a high-performance USB 3.1 Gen 2 (10 Gbps) data storage solution with multiple RAID functions. Users can access, back up and manage files through their USB-C™ or USB-A equipped laptop.

The dual-drive enclosure features multiple RAID modes which can help increase performance add redundancy or combine volumes. The RAID modes supported are: RAID 0, RAID 1, SPAN(BIG) and JBOD. The dual-drive enclosure comes with a USB-C cable and a USB-A cable for connecting the enclosure to a laptop.

This dual-drive enclosure is an ideal data storage solution for small businesses or anyone looking to manage files efficiently and securely. Creative and business professionals can easily access, back up and transfer their large files without relying on a network connection. An enthusiast building a personal data storage setup will appreciate this product’s multiple RAID modes and flexible connectivity.

Additional features and benefits of the dual-bay drive enclosure are:

Supports up to two (2) 3.5” hard disk drives (HDDs)
Compatible with all laptops, Ultrabooks, and desktops that support USB 3.1 (10 Gbps)/3.0/2.0/1.1 with a USB Type-A or Type-C port
Maintain an optimum operating environment for drive protection and dissipate heat with the built-in fan
Plug-and-play functionality; no driver or software installation required
“This dual-bay 3.5” drive enclosure offers users an easy way to add high-performance external data storage to their laptop or desktop computer. With the enclosure’s hardware RAID support, users can configure their drives to best suit their application and performance requirements” said Scott Burton, Product Manager, StarTech.com.
The new dual-drive enclosure is available at CDW, Amazon.com, Newegg.com, PC Connection, and Insight and will be distributed by Ingram Micro, SYNNEX, Tech Data, D&H and ASI.

Softchoice’s Keystone Managed Services Ranked Top 3 in the World

Toronto, ON – Softchoice, a leading North American IT solution and managed service provider, is thrilled to announce it has once again been named one of the world’s top managed service providers on the 2017 MSPmentor 501 list. Softchoice placed 3rd on the global ranking of the world’s top managed service providers (up from 4th in 2016).

“Continuing to climb this list year after year is a testament to the dedication and amazing work of our Keystone Managed Services team who consistently deliver world-class mentorship and support for our customers,” said Vince De Palma, President and CEO, Softchoice. “Through Keystone, we resolve our customers’ issues faster, we enable them to embrace the agility of public cloud without the risk, and we empower them to learn as they go in the ever-changing world of IT.”

Softchoice’s Keystone Managed Services provides instant technology support, IT mentorship, and actionable insights to more than 750 organizations worldwide, enabling them to manage risk and costs, and make informed business decisions. Through Keystone’s portfolio, Softchoice allows organizations to evolve from traditional operations to encompass hybrid IT, enhance end user productivity, and ease the complexity of adopting disruptive technologies like public cloud.

Keystone Managed Services provide a range of enterprise grade support across 35,000+ client devices and the cloud, across leading technologies from Microsoft, Amazon Web Services, Cisco, Dell-EMC and NetApp. All Keystone customers are supported by the Keystone Technical Support Center (KTSC) – a North American-based team that provides 24×7 technical support, remote monitoring and management, and IT mentorship.

“When you call the KTSC – you don’t go to a phone tree, you don’t go to an entry-level person – you go straight to a technology certified engineer who can help resolve your problem right then and there,” said Todd Simpson, Vice President of Managed Services, Softchoice. “What really sets Keystone apart is we also encourage our customers to call us when they don’t have a problem – when they just need guidance on best practices or advice on enabling a new feature or technology function. In fact, more than half of the calls we get aren’t actually about helping to fix something, they’re requests for mentorship.”

The MSPmentor501 ranking is based on the results of an annual survey open to managed service providers worldwide. Close to 2,000 MSPs participate in the survey every year. Softchoice’s move into the 3rd spot on the 2017 MSPmentor 501 is the latest acknowledgement of their growing advanced managed services capabilities, which are also backed by a CompTIA Managed Services Trustmark, a Cisco Master Service Provider certification for cloud and managed services, and hundreds of advanced technology certifications.