Features
Winnipeg-born and raised Michael Lang is at the forefront of a technological innovation that can help to change the way neurosurgery is performed and how brain diseases such as Alzheimer’s Disease are treated
By BERNIE BELLAN We’ve often heard that one of the main reasons Manitoba lags behind other provinces when it comes to economic development is because there is both a lack of entrepreneurial capital in this province and innovative individuals who are willing to base their operations here.
Thus, it was refreshing to hear of one young man who not only grew up in Winnipeg, but who has also decided to stay here and work to help turn a company which he co-founded into a successful start-up.
That young man’s name is Michael Lang, 37. I first met Michael when he was in a bar mitzvah class at Temple Shalom with my daughter, Shira. Having grown up in River Heights, the son of Ida and Sherman Lang, Michael attended, in order, Ecole Robert H. Smith, River Heights Middle School, and Kelvin High School.
Michael notes that, as a young boy, he and several other students, including Ben Carr, would go to Hebrew teacher Ethel Amihude’s home for Hebrew lessons. As a side note I should mention that the same day I interviewed Michael for this story, I also received a phone call from Ben Carr, who is now the Member of Parliament for Winnipeg South Centre. When I mentioned to Ben that I had just got off the phone with his former classmate Michael Lang, Ben said to me that, during the rally held in support of Israel on October 10, at which Ben spoke, he was approached by a woman who said, “I’ll bet you don’t remember me. I taught you Hebrew in my home.” Of course, it was Ethel Amihude – and yes, Ben did recognize her immediately.
Returning to Michael Lang – upon graduating from Kelvin High School, Michael enrolled at the University of Winnipeg to study science, with a particular interest in Physics, which is something he’s always loved, he says. Michael went on to complete his Masters and Ph.D. in Physics at the University of Manitoba, he notes, although his he did much of his research at the University of Winnipeg – “a great experience,” he observes.
I asked him how the Physics Department at the University of Winnipeg would compare with other Physics departments in Canada and the US and, although Michael acknowledges that “it’s a small faculty” – maybe 10 professors in total, they definitely “punch above their weight.”
Now, in order to keep this article at a level that would be understandable to most readers (and to this writer as well), I wanted to avoid asking Michael to go into any great detail about what his area of specialty in Physics was, but – just to give you a taste of what it was that he concentrated upon in his studies, here’s a brief excerpt from his bio on the company website (known as tauMEDIS) that he’s helped to found: “Michael received his Ph.D. in Physics from the University of Manitoba with work on hyperpolarized 129Xe gas production for high-precision co-magnetometry.”
The key word in that sentence is “magnetometry,” because it helps to explain how Michael’s research in that field eventually led him into the field of magnetic resonance imaging – or, as the acronym of that term is much more familiar to most of us: “MRI.”
By now, getting an MRI performed for a host of medical issues is something a lot of us expect to have done – and not with undue delays – and when we must wait for an MRI to be performed, which was something greatly exacerbated as a result of Covid disruptions to our medical system, it can be excruciatingly trying.
In the spring of 2020 – shortly after the start of the pandemic, Michael was working as a lab technician at the University of Winnipeg, where he maintained that university’s small animal MRI facility. It was then that the Principal Investigator of the lab, Dr. Melanie Martin, introduced Michael to members of a group working on a novel intraoperative MRI system. Michael would soon after join the group as a post-doctoral fellow, helping to lay the groundwork for what became tauMEDIS.
What is tauMEDIS? According to information available on its website, “Originally formed in 2018, and officially founded in 2023 by a group of Canadian scientists and engineers who are passionate about medical imaging, the name TauMEDIS is an acronym for tau Medical Imaging Solutions…” (tau is a letter in the Greek alphabet that “has significance in both magnetic resonance imaging as well as a variety of neurodegenerative diseases.”)
Although there are a host of other companies active in producing MRI systems, tauMEDIS has developed a particular type of technology in a specialized area of magnetic resonance imaging known as iMRI: “Intraoperative magnetic resonance imaging” or “iMRI,” for short. iMRI is a “method to acquire updated images of the brain throughout a neurosurgical procedure. Neurosurgeons rely on iMRI technology to obtain accurate images of the brain that guide them in removing brain tumors and treating other conditions such as epilepsy.”
Where tauMEDIS is unique in this highly specialized field though, is in its having developed a method to mobilize a full-sized MRI machine that, not only does not require the patient to be moved from the operating table into another room to have an MRI performed, it optimizes the installation process, allowing for retrofitting in existing operating rooms. (There is another company that makes moving magnet iMRI machines, known as IMRIS, that also allows the patient to remain on the operating table during surgery without having to be moved, but incorporating those particular systems into hospitals usually involves making major changes to the infrastructure of existing operating rooms.) The tauMEDIS system, Michael explains, minimizes renovations, and drastically reduces installation time in existing operating facilities.
“We developed a method to mobilize the MRI on a floor-moving track-based vehicle,” he says. “Essentially it’s a high-precision tank-like device that brings the MRI system to the patient undergoing neurosurgery,” providing the surgical team with updated images of the brain throughout the procedure.
tauMEDIS was just recently incorporated in Manitoba (six months ago). In March of this year its prototype machine received approval from the Food and Drug Administration in the US.
Now, in addition to his role as the company’s Chief Technology Officer, Michael, along with the other principals in the company, have found themselves in the position of having to seek out investment funds for tauMEDIS to commercialize the iMRI system they have developed. The funding would support development of a Winnipeg facility that would begin producing actual systems for sale.
“We just recently had our first showing at the Congress of Neurological Surgeons,” Michael says, “and now we’re in the fund-raising phase.”
I asked him how much money they’re seeking, and he says, “$200,000 to start.” I said to him that doesn’t seem like a lot to ask for and that I wondered whether having this article appear in this paper might not be just what it would take to elicit a positive response from some would-be investors.
Further, Michael notes that the goal of tauMEDIS “is to set up a local facility, combining manufacturing and R&D of tauMEDIS products, all located right here in Manitoba. We hope to attract and develop talent, growing the Winnipeg medical device sector.” (I should also mention that years ago, when I was writing about the Crocus Investment Fund, I noted that one of the first investee companies for Crocus was that very same IMRIS, to which I previously referred. I asked Michael if he knew whatever became of IMRIS back then since, according to Michael, it has now become very successful. As I recall, the Crocus Fund lost its entire investment in IMRIS. According to Michael, the company is now based in Minnesota. What happened after the Crocus debacle I’m not sure – just another example of a company that had a great idea but, for whatever reason, couldn’t succeed in Manitoba – although it did take off when it relocated elsewhere.)
Not only is tauMEDIS seeking capital to begin producing its iMRI systems, it also has other technological innovations in the works – all in the area of medical imaging. As Michael Lang says, his “goal as Chief Technology Officer is to work with physicians around the world to make advances in medical imaging technology and develop novel solutions” that would dramatically improve patient health outcomes.
If you would like to find out more about tauMEDIS, email info@taumedis.com or go to its website: taumedis.ca.
Features
Exchange Rate Factors: What Global Events Mean for Savvy Investors
When Russia invaded Ukraine in 2022, it created ripples in all financial markets, including currency markets. The Euro weakened while the dollar surged and emerging market currencies wobbled. Global factors can quickly affect financial markets and shake established trends. Apart from such rare events, currencies tend to change their price because of interest rates, inflation, and overall investor confidence. For investors managing money abroad, understanding these movements is critical to avoid losses and mitigate risks.
Below, we will break down how global political, economic, and cultural events influence exchange rates, with insights for savvy investors.
Economic factors
There are several key exchange rate factors with a consistent history of shaking financial markets. These factors include inflation, interest rates, trade balances, employment rates, and so on. Since economic factors are shaping markets almost daily, we start with those.
Inflation and interest rates
Inflation and interest rates are closely connected as one can easily affect the other. When inflation rises, central banks step in and raise interest rates to reduce inflation, and when inflation is lower, central banks can lower interest rates to make borrowing money cheaper. As a result, investors closely monitor these two metrics to anticipate changes in interest rates. Higher inflation makes currencies weaker, and whenever banks change the rates, the changes are immediately reflected in global currency rates. In the United States, the Federal Reserve is the central bank that sets interest rates in the country.
Trade balances and economic growth
A country that exports more than it imports has a stronger demand for its currency. More demand equals a stronger currency. However, the Japanese yen was always weaker against the dollar because the BOJ of Japan tends to have super low rates near 0 to support its exporters. Economic growth also increases demand for local currency as more investors try to invest in the country’s economy. Long-term investors often track this data to detect early signs of any changes in currency strength.
Political and geopolitical factors
Elections, sanctions, and overall political stability are also crucial factors. If the country gets under sanctions, its economy crumbles and its currency becomes inflationary, losing its value quickly. Elections are also crucial for a currency’s strength. Geopolitical events can have a serious impact on the currency as well. The most obvious example is the 2016 Brexit events that made GBP lose its value rapidly and violently. Global conflicts, such as wars, can seriously impact global financial assets, especially currency markets. When tensions are high, safe-haven currencies like USD and CHF (Swiss Franc) become very popular among investors as they seek a safe place to protect their capital.
Cultural and social factors
People like tourists, workers, and diaspora communities can shape currencies as well. Tourism usually drives seasonal demand, and countries that are popular destinations during certain seasons experience their currency appreciation as demand spikes. The perception matters as countries seen as safe and opportunity-rich tend to attract more investors, solidifying their currency strength.
Technology and innovation
Technology is seriously affecting everything, especially the financial sector. Digital payment systems, blockchain technology, and fintech startups have made it easy and swift to move money around. Cryptos and stablecoins enable investors to protect their capital using stablecoins during volatile times. The latest trend among banks is to work on CBDCs, which signals a new era where national currencies are blended with technology and blockchain. Despite this, currencies, even in their crypto form, will continue to be influenced by all major factors mentioned above, and knowing how these factors impact your currency is key to keeping your capital safe from risks.
Practical lessons for savvy investors
So, what do all these factors teach us about global currency rates and investing strategies? The key lies in proper preparations and anticipation. Monitoring macro trends, policy announcements, and major geopolitical and political developments is critical.
Diversify
The number one method which is used by professional investors is diversification. This simply means to spread your risks across a basket of assets. By not investing all your capital in one instrument, you can mitigate risks. If one asset experiences a loss, other ones will counter it with returns. Building a diversified portfolio is key to properly diversifying. For example: divide your capital to buy stocks, commodities, currencies, and cryptos so that if one fails to perform, others will counter it. This ensures a stable income without unnecessary losses in the long run.
Hedge
Forex options and ETFs are great hedging assets. Forex options let investors lock in an exchange rate for a future date, which is very useful if you expect volatility but want stability. Currency ETFs, on the other hand, track specific currencies or a basket of currencies and allow easy trading or protection without trading forex directly, but they are still risky.
Monitor the economic calendar
Economic calendar is a free online tool that aggregates important macroeconomic news data such as interest rate decisions, CPI, inflation, employment rates, central bank announcements and speeches, and other crucial information. By monitoring them, investors can always know when important news data will be released, and they can postpone their investment decisions to avoid volatile times and only invest after the main trend is determined.
Features
The Canadian Dollar is on a slow decline. Should you save in euros or US dollars instead?
The Canadian dollar has been losing its value against the dollar this year. For Canadians, this raises a simple question: if your CAD is losing ground, is it better to move savings into euros or U.S. dollars, especially bonds, stocks, or a carry-trade strategy? Carry-trade strategy in this context means to borrow in CAD and invest it in the USA or the EU zone. This is a complex matter, and to understand where the CAD is, how attractive other currencies might be, we need to analyze these currencies more deeply. Below, we will walk you through the data, practical costs, and risks so you can reach a usable conclusion after reading this guide.
Quick snapshot – What the markets say right now
Recently, the Canadian dollar has hit multi-month lows due to weaker oil prices and a post-Fed (U.S. Federal Reserve) market reaction (which raised the rates, making the CAD weaker against the dollar). Canada’s central bank has cut its policy rate to 2.25%, while the Fed’s fund rate remains notably higher at about 3.75-4%. The ECB (European Central Bank) main interest rates are lower than the Fed’s and near the low-to-mid 2% range. While the Euro currency to USD rates remain mostly predictable, due to higher US bond yield rates, the EUR remains stronger, still. The U.S. 10-year Treasuries are around 4.1%, Canada’s 10-year near 3.2%, and Germany’s 10-year around 2.7%, meaning that today the USD-denominated bonds have the highest nominal yield among the three. As a result, the dollar seems much more attractive when it comes to bond yields and stocks.
Bonds – Which currency is the best for fixed income?
The short answer is: USD bonds. When it comes to nominal yield alone, US bonds beat almost all other competitors. U.S. government bond yields (10-year) are noticeably higher than Canadian and German/Eurozone bond yields right now. As a result, US bond buyers have more income potential than Canada and the EU. Euro-area core yields are lower, meaning they are paying less than the USA.
However, nominal yield does not mean it is guaranteed real return, and metrics like inflation, currency rates, and hedging costs can impact potential returns directly. If you buy USD bonds but the dollar falls against the CAD, currency losses will most likely wipe out the higher yield rate. If the Fed lowers its rates, it will make the dollar weaker against the CAD and EUR.
Another challenge is that, if you live and spend in Canada, you are using CAD, and when exchanging it for dollars, you get exposed to foreign currency rate risks, which must not be underestimated.
Stocks – Euro or dollar?
Both the EUR and USD have their advantages. USD has strong liquidity and strong long-term performance, while EUR equities offer valuation opportunities and recent relative strength.
Why USD?
The U.S. market remains the most liquid stock market with strong earnings for many tech and large companies. This makes USD stocks very attractive for long-term-oriented investors. S&P has been rising historically, and even after crashes, it often recovers its value relatively quickly.
Why EUR?
European indexes have performed well this year and in many cases cost less than their U.S. counterparts. While cheaper does not always mean better, these indexes still have some growth potential. Some major banks in the EU zone, together with industries, have recovered strongly with a recent focus on military manufacturing, making many EU stocks very attractive, together with local indexes.
However, here is a caveat: if you are using CAD daily and it loses its value against the euro, the returns from euro holdings might shrink, exposing you to greater currency risks.
Carry-trade analysis – Is it viable to borrow CAD and invest it in USD or EUR?
The basic promise of carry-trade is simple yet powerful: you borrow cheaper currency and invest it in currencies with higher yields. In our case, is it lucrative to borrow in CAD and invest in either EUR or USD? To answer this question, we need to look at numbers. BoC policy rate is 2.25%, Fed funds from 3.75%, U.S 10-yr is 4.1%, Canada 10-yr is 3.2%. If we deduct Canadian rates from the U.S. rates, we get around 1.8% positive before costs. So, in theory, it could be lucrative to invest CAD in USD assets using a carry trade. Since the ECB has around 2%, it is not profitable to use a carry-trade strategy for the euro.
The bottom line
While the CAD has been weakening lately, it is still not cheap enough to naively invest in USD or EUR. However, if you want a pure yield and can tolerate foreign exchange rate risks, USD bonds are more attractive today. When it comes to stocks, USD equities provide stable and liquid markets. If you want valuation potential and diversification, then euro equities have become more attractive this year. When it comes to carry-trade strategies, the USD remains more lucrative than the euro, but on paper, traders and investors should evaluate all the risks and costs before investing in any currency.
In the end, Canadians who have CAD for their daily costs should be careful when trying to get exposure to other markets. US bonds, US stocks, US carry-trade, and EU stocks remain attractive choices for experienced investors.
Features
Why Reading Online Reviews Matters Before Making a Purchase
People usually pause before purchasing to read reviews from other customers. It’s become part of everyday online life, a quick way to see how something really performs before making a decision. According to the Pew Research Center, most internet users read reviews to get a better idea of what they’re buying. The feedback from actual users becomes more reliable than marketing statements because it comes from everyday consumers instead of sales-oriented corporate messages.
Reading reviews also helps spot patterns. If the same comment, good or bad, appears again and again, it usually means there’s truth to it. People now use this collective feedback as their main method to evaluate online products and services for quality and reliability.
When There Are Too Many Options, Reviews Narrow the Field
Shopping online can be overwhelming and a bit of an adventure. There are always more options than anyone needs, hundreds of gadgets, countless household tools, endless entertainment subscriptions. All listings present themselves as excellent value propositions with operational excellence, yet it remains a bit of a challenge when it comes to verifying which ones deliver actual results.
Reviews become useful at this point. Real users provide information about product details, which marketing content fails to show, by sharing their experiences about delivery speed and setup ease and product durability after several months of use. The product details show its operational behavior when used in regular business activities.
Users tend to begin with reviews. For instance, a tech product might have amazing packaging but fall short on battery life or integration. Maybe a new game or casino platform might sound promising, and reviews on trusted choices can confirm whether it includes flexible payment options, a wide content library, and responsive support. When feedback keeps mentioning strong points like clear instructions or helpful customer service, it shows consistency. The product or service delivers its expected results because customers have personally seen its performance.
Reviews Build Faith Through Shared Experience
Reviews gain their strength from the emotional bonds which readers find with each other. Reading about someone else’s experience feels familiar, even if you don’t know them. It’s basic word-of-mouth marketing, like receiving recommendations from a neighbor who has already purchased the item you are considering.
This shared experience has built an informal community of online voices. People rely less on what a brand claims and more on what other users notice. When different reviewers mention similar strengths or small frustrations, it adds authenticity. The story becomes more believable.
Reviews show what other users have experienced, but they do not offer any guidance about what to do. This type of his collective info turns into an important part of how people build trust online. It’s a small thing, but it makes a big difference in how confident we feel about the choices we make.
Balanced Feedback Feels More Honest
A perfect score does not prove that something lacks any imperfections. A combination of positive and less-than-perfect feedback creates a more authentic impression. Small complaints about packaging or delivery delays make glowing reviews sound real. A recent study showed that participants answered honestly instead of trying to make their responses attractive to others.
Most readers know that nothing works flawlessly all the time. People look for reviews which provide both positive and negative aspects because they want to find balanced opinions. Customers can establish realistic purchase expectations through combined information which they can apply before buying. Review systems maintain their value because reviewers maintain honesty in their assessments.
Why Recency and Volume Matter
The best reviews and product ratings are the ones written recently. They reflect how a product or service performs right now, not how it worked a year ago. Things change, materials, delivery services, and even the way companies handle support.
A steady flow of new reviews suggests consistency. When lots of people share their experiences over time, patterns appear. Those patterns tell readers what’s typical, not just what’s possible. It’s the difference between one person’s lucky experience and a reliable average that others can count on.
Quantity matters too. Ten balanced reviews from this month will usually tell more than a single five-star comment from last summer. Together, recency and volume create a clear picture of reliability and quality without relying on assumptions.
Recognising Genuine Reviews
Not every review online is authentic, real, and written by a consumer. Some are written by automated accounts or people hired to post positive comments. Real feedback tends to sound natural and personal. It might mention something specific like the texture of a fabric, how easy the setup was, or whether support staff replied quickly.
Authentic reviews vary in tone and detail. Some are short, others long, some are full of small observations. That mix of styles feels human. On the other hand, copied or fake reviews usually repeat the same phrases or sound overly polished.
Many websites now try to identify and label suspicious posts, but readers can also help by paying attention to repetition, timing, and tone. A quick scan across different platforms usually reveals what’s genuine and what’s not.
Reading Smarter in the Online Marketplace
Reviews have become a solid foundation for how people make decisions online. They give an honest view of how something performs beyond what’s written on the label. Every comment, short or long, adds another piece to the puzzle.
More than that, reviews show how businesses handle problems, how quickly they respond, and whether they follow through on promises. They offer accountability in a world where shoppers and sellers rarely meet face to face.
Reading a handful of reviews won’t guarantee a perfect experience, but it provides helpful context. It shows what’s typical and helps people make choices with more confidence. In an online world full of noise, reviews remain one of the easiest and most reliable ways to learn from others.