DOCSLIB.ORG

IN THIS ISSUE ► Why the Situation in Greece Saving Canada’S How to Successfully Matters to Canadians Venture Exchange Partner with Partners There Is Another Way

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
IN THIS ISSUE ► Why the Situation in Greece Saving Canada’S How to Successfully Matters to Canadians Venture Exchange Partner with Partners There Is Another Way JULY 2015 Volume 8 Issue 7 www.cbj.ca IN THIS ISSUE ► Why the Situation in Greece Saving Canada’s How to Successfully Matters to Canadians Venture Exchange Partner with Partners There is another way... ...Plug and Play Dare to challenge the conventional PLUG AND PLAY I.T. & Dare to add value MEDIA SOLUTIONS INTEGRATION Dare to be dierent We all need to be smarter with our spend, Dare to cut costs so invest in smarter solutions. Smart means creating an asset that is exible, scalable and sustainable… NOT the sunk cost associated with conventional tout methods. [email protected] www.pccgroup.ca The Smart Money is on Smart Solutions Editor’s NOTE A report by the Fraser Institute Costley-White was President of Blackburn Radio reveals job growth in Canada’s Inc. and a man who I had the pleasure of inter- public sector grew by 22.6% between 2003 and viewing in April, 2012 for a feature in CBJ. His 2013 while the private sector increased by just family’s media ownership dates back 163 years, 10.7%. In other words, newly created government- to 1852, when Josiah Blackburn bought a weekly related jobs outpaced private-sector jobs by a newspaper and named it The London Free Press. two to one margin. We need less government, yet The Blackburn’s holdings grew to include CFPL more people are being added to the public payroll radio and television stations. – and quite often with outrageous compensation Australian-born media baron Rupert Murdoch that would rarely be recognized in the private will soon hand over the chief executive job at sector. Ontario is by far the biggest offender, entertainment conglomerate Twenty-First Century where it certainly pays to suck on the public teat. Fox to his sons James and Lachlan, who will work Kudos to Newfoundland and Labrador where the as partners. The 84-year-old Murdoch is the private sector actually managed to grow at a faster founder of News Corp. and remains one of the rate than the public side. most enigmatic, controversial figures in the history Speaking of dysfunctional government of international media, but there is no disputing his finances – Greek PM Alexis Tsipras believes EU major influences on both print and broadcasting. lenders are looking to humiliate his government Did you know? Ted Turner, 76, and Rupert through stringent austerity measures. Given that Murdoch absolutely detest one another. In fact, the Mediterranean country is virtually bankrupt, in 1997, the American who founded Turner having to eat a little crow should be the least of Broadcasting, including CNN, challenged Tsipras’s worries. Bank machines are empty and Murdoch to a pay-per-view boxing match. Turner people have been told their daily withdrawals from thought it was a win-win situation. He’d have a their accounts are limited to the equivalent of $70 chance to let out his frustrations on his media CDN. If Greece is kicked out of the euro zone and adversary in the ring while also raising money for can no longer use the shared euro currency of charity. Murdoch wasn’t as keen on the idea and 19 countries, it’s going to set off a ripple effect of never did publicly respond to Turner’s challenge. economic misfortune on a much broader scale. On a sad note, we want to offer our condo- Angus Gillespie lences to the family of Richard Costley-White, who @CanBizJournal died peacefully at home on Tuesday, June 16, 2015 at age 48, almost one year after being diagnosed with Central Nervous System Lymphoma. Be FEATURED... Be FEATURED... Be NOTICED... Be NOTICED... The Canadian Business Journal (CBJ) is constantly on the lookout for compelling, inspiring and successful enterprises to be profiled within our “Canadian Business in Action” section. If selected, your company will be prominently featured in our highly-respected monthly online publication and CBJ website. As a bonus, you’ll be provided a free professional digital brochure to promote your print marketing initiatives. With an expansive global reach, CBJ routinely attracts several hundred thousand readers each month, most of whom are decision-making C-level Canadian executives, including: CEOs, CFOs, presidents, vice presidents and general managers. If your business is a success story that should be told, then share it with CBJ and the word will spread like wildfire. To markedly enhance your company’s public profile, contact The Canadian Business Journal today. Angus Gillespie Editor-in-Chief Click to learn more SERVICES COMMUNICATIONS EDUCATION FINANCE SERVICES 080 NAUTEL 162 PRAIRIE WEALTH MANAGEMENT Making your financial and retirement dreams a reality 068 112 A World Leader in Manufacturing AM, FM BRENTWOOD COLLEGE Redefining Education THE EMPLOYMENT SOLUTION and Digital TV Broadcast Transmitters THE EMPLOYMENT SOLUTION CBJ Team Angus Gillespie | Editor-in-Chief | [email protected] Alex Geddes | Associate Editor | [email protected] Vladimir Lukic | Creative Director | [email protected] Anisa Saeed | Jr. Ad Designer | [email protected] Sameer Kumar | Senior Research Director | [email protected] David Hand | Research Director | [email protected] Don Willis | Research Director | [email protected] Ian Ross | Research Director | [email protected] Danielle Cottrell | Research Director | [email protected] Patricia Steiger | General Accountant | [email protected] Ruth Ann Beman | Office Manager/Accountant | [email protected] Naveed Yusuf | Chief Information Officer | [email protected] Stephanie Alexander-Jones | Publisher | [email protected] Michael Alexander-Jones | Chief Executive Officer & President | [email protected] Contributors | Mark Borkowski, Joe Connelly, Melonie Dodaro, Marsha Friedman, Dorothy Knight, Renée Robertson, Ian Russell, Samita Sarkar, Ennio Vita-Finzi, Jay York GEORGE MEDIA INC. #601 - 30 Eglinton Avenue West Mississauga, Ontario | L5R 3E7 CANADA Table of CONTENTS JULY 2015 | VOLUME 8 | ISSUE 7 040 CBJ FEATURES WHY THE SITUATION IN GREECE MATTERS TO CANADIANS By Mark Borkowski 012 SAVING CANADA’S VENTURE EXCHANGE By Ian Russell 020 CANADA’S STACKED DECK (INTERNATIONAL TRADE) By Ennio Vita-Finzi 028 FIVE STEPS TO INTEGRATING COACHING INTO YOUR TALENT MANAGEMENT STRATEGY By Renée Robertson 034 COVER: THE EXPANSION OF CLOUD COMPUTING By Angus Gillespie 040 YOU CAN THRIVE WHILE MIXING FAMILY WITH BUSINESS By Marsha Friedman 048 STRATEGIC PARTNERSHIPS: DO THEY WORK? By Mark Borkowski 052 HOW TO SUCCESSFULLY PARTNER WITH PARTNERS By Joe Connelly 056 HASHTAGGING YOUR WAY TO SOCIAL MEDIA RELEVANCE By Jay York 064 DO YOUR SOCIAL MEDIA PROFILES CREATE AN IMMEDIATE IMPACT? – By Melonie Dodaro 070 040 020 024 056 064 �la�Extended Stay Reimagined Productivity can’t be achieved without balance. That’s why we go beyond business tools to offer our guests what they need to stay whole, like bikes to borrow, spaces flooded with daylight, Relax evening wine receptions, healthy grab ‘n go meals and more. Discover the essentials of balanced travel. Space to live your life Element Vancouver ● Element Vaughan Book now for 15% off elementhotels.com Denver, CO ● Miami, FL ● Lexington, MA ● Hanover, MD ● Fargo, ND ● Omaha, NE ● Lebanon, NH ● Ewing, NJ ● Harrison, NJ Las Vegas Summerlin, NV ● New York, NY ● Dallas, TX ● Houston, TX ● Vancouver, Canada ● Vaughan, Canada ● Frankfurt, Germany © 2015 Starwood Hotels & Resorts Worldwide, Inc. All Rights Reserved. Preferred Guest, SPG, Element and their logos are the trademarks of Starwood Hotels & Resorts Worldwide, Inc., or its affiliates. For full terms of this offer, please visit elementhotels.com Element_CanadianBusiness_Fullpage_Ad.indd 1 4/22/15 2:46 PM Funny BUSINESS Table of CONTENTS JULY 2015 | VOLUME 8 | ISSUE 7 Business in Action 078 ARCHITECTURE NUMBER TEN ARCHITECTURAL GROUP Leaders in Sustainable Design and Best Practices Management 078 CONSTRUCTION KANDY OUTDOOR FLOORING Expanding Home Experiences 092 TECHNOLOGY SMART TECHNOLOGIES Technology for the Connected World 102 EARTH ALIVE CLEAN TECHNOLOGIES Making the Greatest Environmental Impact with the Smallest Footprint 112 AUTOMOTIVE CAPILANO AUDI Accelerating the Future of New and Pre-owned Automobiles 122 HEALTHCARE UMANO MEDICAL The Next Generation of the Medical Bed 132 MANUFACTURING BOREAL LASER 142 SERVICES MTL AUTO PARTS Canada’s Leading Online Auto Parts Store 150 THE EMPLOYMENT SOLUTION 156 FOOD & BEVERAGE HEMP OIL CANADA 166 EDUCATION BRENTWOOD COLLEGE Redefining Education 174 102 112 132 WHY THE SITUATION IN GREECE MATTERS TO CANADIANS By Mark Borkowski and Rahim Madhavji WHY THE SITUATION IN GREECE MATTERS TO CANADIANS By Mark Borkowski and Rahim Madhavji 14 Why the Situation in Greece Matters to Canadians caused Germany’s Chancellor Angela Merkel to question whether the Greek government is tak- ing the issue of debt repayment seriously. Time is running out. By refusing to raise taxes, Tsipras has forsaken his most powerful tool in reducing the Greek debt load. It is beginning to look increasingly possible that Greece default on its credit obligations, the repercussions of which will be felt on a global scale. Since 2012, private institutions have been divesting their stakes in Greek debt, with almost the entire amount being held by public entities now. This has been a consolidation of exposure Mark Borkowski to a Greek default, as well as an overall market desensitization to the Greek debt crisis, but it will The issues with Greece are well still most definitely be impactful to other nations. documented. The financial crisis of 2008 was catalyzed by the default of a single firm (Lehman brothers). GREEK DEBT REMAINS north of $380 billion, So how does the current Greek situation affect and has had a number of sanctions imposed on Canadians? How does a Greek default affect them by creditors. The country’s GDP comprises Canadians? less than 0.4% of the global economy (Greece would be Canada’s fourth-largest province), but new developments in the Greek saga can be felt Global Market Impact globally. Greece’s Left-wing Prime Minister, Alexis The main reason the Greek debt crisis impacts Tsipras continues to revolt against the auster- global markets, trade, and exchange rates, is ity that the Troika (International Monetary Fund, because it introduces global uncertainty.
Load more

Recommended publications
  • In This Issue
    SEPTEMBER 2015 Volume 8 Issue 9 www.cbj.ca IN THIS ISSUE ► Who is Your Pay-for-performance Non-profits: Time to Chief Sales Officer? In PR is Growing Claim Social Enterprise THE BATTLE FOR 24 SUSSEX In World Business Class we’ll tune into your rhythm You may cross one or more time zones during your journey. Whatever rhythm your body and mind are in, we accomodate our service to your sense of time. When do you want to sleep? When and what do you want to eat from our menu? Other wishes? We’ll get it just right for you. Visit klm.ca for more information. Editor’s NOTE We are currently in the midst great vision – and action. There is also a plan on of the longest-running federal the table called CalgaryNEXT, which will include election campaign in more replacing the aging Saddledome where the NHL’s than a century and there are signs that voters Flames play. A new home for the CFL’s Calgary are considering a major shift from right-wing Stampeders, an amateur fieldhouse and a large conservatism to far left-wing socialism. Assuming venue for conventions is also being planned. the polls are even relatively accurate, Tom Mulcair Greece’s (former) Prime Minister Alexis Tsipras and the NDP are currently sitting in the catbird announced his resignation and immediately called seat. There is little doubt that the cumulative for an early election. Tsipras says he has a moral campaign is going to expand in intensity as we obligation to go to the polls now that a third head towards the big date on Oct.
    [Show full text]
  • Building a Workforce Through Immigration
    JUNE 2016 Volume 9 Issue 6 www.cbj.ca IN THIS ISSUE ► Leadership 101 Impactful Innovation What to Look for Don’t Plan Alone And a Portfolio Approach In Your Next CFO Building a Workforce Through Immigration CBJ Speaks with John McCallum, Minister of Immigration, Refugees and Citizenship Editor’s NOTE The topic of immigration is Apparently golfer Phil Mickelson’s career one that is exceedingly vital to earnings on the PGA Tour, plus the millions he’s our country from a socio-economic standpoint, made in endorsements, hasn’t been enough to CANADA’S LEADING which also happens to elicit a wide range of quench his thirst for even more income. Lefty EMAIL MARKETING SERVICE responses, and therein lies the problem when bought himself some stock, but then the U.S. Up to 500 contacts is free forever. it comes to determining how many immigrants Securities and Exchange Commission came call- should be allowed into this country each year in ing, informing Mickelson he had become part of No time limit. No credit card required. order to advance our overall prosperity. As noted an insider trading lawsuit, alleging in court docu- in our cover story, determining the exact number ments that the five-time major winner made of immigrants to maximize efficiency would be nearly $1 million via information that was not like trying to answer the question ‘how wet is publicly available. Mickelson will repay the profits water’? Whether your political leanings are more he earned but will not face criminal charges. to the left or to the right, finding that balance A tip of the hat to the Red Cross, which has in the middle is made that much more difficult raised millions of dollars in support of the evacu- because of people’s perceptions on where the ees from Fort McMurray after the devastating middle ground lies.
    [Show full text]
  • MELONIE DODARO Copyright © Melonie Dodaro, 2018
    UNLOCKED COMPANION WORKBOOK Unlock the Mystery of LinkedIn to Drive More Sales Through Social Selling MELONIE DODARO Copyright © Melonie Dodaro, 2018. All Rights Reserved Welcome! Take the time to do the exercises in LinkedIn Unlocked, and this companion workbook. For you to achieve your desired results from this book, you must put what you learn into practice. If you do, you will soon be growing your network, building relationships, enhancing your personal brand, and attracting more leads and clients. Are you ready? Let’s get started! Melonie Dodaro Test Your LinkedIn Quotient (LQ)! What is it and why should you care about it? You’ve heard of IQ (Intelligence Quotient) and EQ (Emotional Intelligence). However, your LQ (LinkedIn Quotient) represents your knowledge and current results with LinkedIn. Take this quick test,and it will tell where you are in your effective use of LinkedIn. It will also indicate benefits from using it more strategically. Each question to which you answer “yes” will continue to improve when you implement what you learn. Each “no” will show you your missed opportunities. This book will help you maximize all opportunities, from generating leads to turning them into clients. Let’s put it to the test to understand your starting place with LinkedIn. LINKEDIN QUOTIENT (LQ) SCALE DIRECTIONS: Read each of the questions below and answer them by placing an X on the YES or NO line, whichever is more relevant to the topic. Add the number of X’s in the YES column to determine your current LQ. YES NO 10. I have keywords in my profile that I want to be found for.
    [Show full text]
  • B.C. Poised to Lead Economic Expansion
    MAY 2016 Volume 9 Issue 5 www.cbj.ca IN THIS ISSUE ► Grow Your Business Impact of Budget 2016 Manitoba Farm By Hiring Nurturing Leaders On Your Financial Planning Develops ‘Smart’ Beehive B.C. Poised to Lead Economic Expansion CBJ speaks with Mike de Jong, B.C. Minister of Finance Editor’s NOTE A report by the C.D. Howe Institute concludes From Yahoo! to Uh Oh. CEO Marissa Mayer Canada will reap “relatively modest” economic is hanging onto her job by a proverbial thread gains by joining the 12-country Trans-Pacific as takeover rumours continue to swirl. Verizon, Partnership, while the bulk of the trade gains will AT&T and Time Inc. are several potential suit- be enjoyed by the U.S., Japan and Vietnam. In ors that may be interested in acquiring the once addition to Canada, New Zealand and Malaysia dominant Web portal, pre Google. If Mayer gets are also expected to see modest gains, while the the boot, she’s apparently in line for a staggering deal would essentially be a wash for the other six $55 million severance package, so she’ll be just nations. So why be a part of it, if it will only reap fine. On the upside, if she gets canned it would marginal gains? Quite simply, it’s about global leave her available to be John Kasich’s running networking. Sit on the sidelines for this one and mate. After all, he needs to do what he can to we may not be invited to the next one. Sure it’s keep up the pace with the dynamic duo of Ted not likely going to be a huge money-maker, but and Carly.
    [Show full text]