Contracting Overview: Three companies involved in the ArriveCan app development received over $1-billion in federal contracts since 2011. The firms, Coradix Technology Consulting, Dalian Enterprises, and GCStrategies, have been suspended pending investigations into alleged misconduct.
Parliamentary Scrutiny: The sharp increase in federal outsourcing, from approximately $8-billion in 2016 to over $21-billion last year, has led to parliamentary scrutiny. Allegations include inflated résumés and a reliance on IT staffing firms that subcontract work for commissions.
Indigenous Procurement Strategy: Dalian, an aboriginally owned company, partnered with Coradix for contracts under the federal Procurement Strategy for Indigenous Business. Audits are underway to ensure compliance with program rules.
Conflict of Interest Concerns: Revelations of conflict of interest have emerged, including a case where a public servant was involved with a contracting company. The Treasury Board disclosed 162 conflict-of-interest declarations for the 2023-24 fiscal year, with ongoing reviews.
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Wall Street closed higher on Monday , buoyed by investor optimism as markets brace for a crucial week of earnings reports from megacap companies and the final stretch before the November 5th presidential election. The major U.S. stock indexes managed to recoup some losses from the previous turbulent trading week. This positive sentiment was further bolstered by the stability in energy supplies, despite recent geopolitical tensions in the Middle East. Investors are particularly focused on the upcoming earnings reports from tech giants, which are expected to provide insights into the health of the economy and corporate profitability. Additionally, the approaching election adds another layer of anticipation, with market participants closely watching for any developments that could impact economic policies and market dynamics. As the week progresses, all eyes will be on the performance of these megacap companies and the unfolding political landscape, both of which are likely to significa
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Federal Contracting Scandal: The ArriveCan App Controversy
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