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Does Toronto Have What It Takes to Compete? 10 MAYor TorY’S MissioN to Asia: SPECIAL REPORT Toronto is Open for Business 21 Summer 2016 YOU YOUR BUSINESS YOUR REGION Does Toronto have what it takes to compete? 10 Collaboration, Connectivity, Competitiveness Board releases 2016 Aviation Summit report 16 Smart Cities Summit Board of Trade partners with Toronto to shape smart cities agenda 18 Publications Mail Agreement #40005069 IN THIS ISSUE Summer 2016 VieW THE onLine EDition OF ONBoarD at: BOT.COM/ONBOARD Find us on social media You have the talent. Empower them. Discover an MSc in Management for senior decision-makers. • -month, alternating weekend format • For up-and-coming executives • Work-integrated education LazaridisEMTM.ca 10 18 21 COVER OPEN FOR SMART COMPANY 10 TALENT: DOES TORONTO BUSINESS 30 Canadian Tire: Building and retaining HAVE WHAT IT TAKES? an industry leading team 4 FroM the CHAIR AND CEO The ability of the Toronto region to 31 TREB: Home sales mean 6 NEWS And Notes attract and retain the best and brightest prosperity for the GTA from around the world is critically On business in the Toronto region important to our future success. Do we 32 National Bank: The importance have what it takes to compete? 8 Our NEWest MEMbers of protecting what matters most 15 WTS HELPS BUILD THE 34 Accenture: Maximizing ROI on your TRANSPORTATION TALENT POOL POLICY IN ACTION talent development plan Women are an important component 16 LAtest InitiAtiVes 36 Siemens: Work integrated learning of the talent mix Advocating for airports; programs can bridge the skills gap new Energy Committee; the Meridian: Ensuring small next Transportation Summit 38 SPECIAL REPORT business success 18 SMArt Cities SUMMit 21 MISSION TO ASIA – TORONTO 39 UPS: An opportunity for businesses IS OPEN FOR BUSINESS The Board partners with the City to help to become leaders With 26 delegates in tow, Mayor shape Toronto’s smart cities agenda John Tory and Board of Trade President 40 At the PodiuM and CEO Jan De Silva led a Mission to A look at the thought leaders Asia, promoting the benefits of greater and influencers at our podium over EMTM economic exchange between China the past quarter EXECUTIVE MASTER’S IN and the Toronto region. Find out about 42 COMING UP TECHNOLOGY MANAGEMENT lessons learned and connections made during visits to Shanghai, Chongqing Mark your calendar for these and Hong Kong. upcoming Board of Trade events ONBOARD SUMMER 2016 3 MESSAGE FROM THE CHAIR AND CEO SUMMer 2016 Publisher Jan De Silva Editor Andrea Ritter Contributors His Worship John Tory Councillor Shelley Carroll Jan De Silva Natasha Apollonova Karla Avis-Birch, P.Eng. John DiMichele Summer is the time when many of us ease our pace a little. We think about Olga Giovanniello vacations and ways to enjoy the precious few warm months afforded to us by Elizabeth Hamilton Robert Hardt life in the Toronto region. Here at the Board, however, the flurry of activity Janet Krstevski & Danielle Francis we’ve seen over the past several months is showing no sign of slowing. Kelly Lawrence Christine Rettie In April, we had the great privilege of co-leading Mayor John Tory’s trade Geordan Robertson Anne Sado mission to Asia. This highly productive mission created opportunities to forge Brad Watson business connections within some of China’s most populous metro regions Design & Production and also to showcase Toronto region businesses to the world’s largest consumer Campbell Symons Design Austin Headley market. The eight-page Special Feature in this issue provides insights from Advertek mission participants, including Mayor Tory, on the importance of face-to-face Advertising Enquiries trade initiatives like these for relationship building and cultural and [email protected] economic exchange. 416.862.4525 OnBoard is published quarterly by In May we proudly presented our Smart Cities Summit: Towards a Toronto Region Board of Trade and Connected Toronto Region., in partnership with the City of Toronto. More is distributed to all Members. We welcome your comments and ideas. than 240 participants engaged in interactive discussions on the many ways Contact us at: technologies are helping large urban regions like ours reduce costs, realize OnBoard efficiencies, improve services and engage more effectively and actively with 77 Adelaide St. West, Suite 350 citizens. Toronto is already taking steps down this path, but there are many First Canadian Place P.O. Box 60, Toronto, ON more opportunities to embrace digital innovations to enhance our economic, M5X 1C1 social and environmental performance. Many thanks to our partners at the [email protected] City and all of our sponsors for helping us convene this critical dialogue. For more information about Toronto Region Board of Trade visit Both the mission and the summit are part of the new strategic approach that is www.bot.com or www.bot.com/GetConnected shaping the Board’s activities. Our focus on “the 3 Ts” — Trade, Transportation and Talent — continues to guide this strategy. Getting these three key success Reproduction of this magazine in whole or in part without consent factors right is critical to fulfilling our vision of making Toronto one of the most from Toronto Region Board competitive and sought after business regions in the world. of Trade is prohibited. Toronto Region Board of Trade does In this issue, our cover story looks at how well the Toronto region is currently not endorse advertised products or competing on the talent front. Our region is home to one of the most diverse, services presented in this magazine. most educated populations in the world. But many of our members, particularly ABOUT THIS ISSUE those in the transit infrastructure space, tell us they are facing worsening As part of our commitment to sustainability, Toronto Region Board of Trade has made talent shortages. Our Talent Study, due out this fall, is examining these OnBoard a carbon neutral publication, printed challenges and recommending solutions. on stock with a high percentage of post consumer recycled content. We want to know how talent is impacting your business. Do you have the talent you need to grow and succeed? Are you employing innovative strategies to attract the best and brightest from within the region and around the world? Let us know via LinkedIn, Twitter or [email protected]. We look forward to hearing about your challenges and successes. Warm regards, PROUDLY SPONSORED BY Janet De Silva Anne Sado President & CEO Chair 4 ONBOARD SUMMER 2016 OPEN FOR BUSINESS OPEN FOR BUSINESS NEWS AND NOTES SAVE THE DATE: Board Hosts Canada’s POWER UP Board of Trade AGM and Luncheon First GCI Workshop In an increasingly global economy, the Global Cities YOUR PIPELINE Initiative (GCI), a joint project of the Brookings with His Worship John Tory Institution and JP Morgan Chase, aims to equip with Contact Toronto metropolitan leaders with knowledge and networks to and ExecuLeads The Toronto Region Board of Trade Annual General Meeting will take place help them become more connected and competitive on September 21, 2016 at 10 a.m. at the Board’s Downtown Centre, First Canadian Place. the world stage. On June 21, the Board and the City of To keep growing and succeeding, businesses need to Toronto proudly co-hosted Canada’s first GCI Workshop, continually expand their networks: new prospects, a valuable opportunity for leaders from across the new opportunities, new markets. Contact Toronto and This meeting is open to all members in good standing This meeting also includes awards for volunteer service country to share ideas, goals, challenges and action ExecuLeads are valuable lead generation tools that give and will cover: and long-time membership. Following the AGM, members plans from a uniquely Canadian perspective. As the you access to decision makers at the Toronto region’s and guests are invited to our Annual Luncheon, featuring • Election of Directors only Canadian region included in the GCI, the Board largest companies. Updated annually, these directories a keynote address from His Worship John Tory, Mayor of is pleased to share learnings with peers in an effort to contain thousands of prospects worth connecting with. • Appointment of Auditors Toronto. Hear insights on business in Toronto and updates bolster economic development nationwide. The session Contact Toronto is the region’s most comprehensive on Board of Trade activities, while you enjoy networking • Approval of the legal name change from “Toronto was presented by JP Morgan Chase. Learn more about business directory, listing key contact information for opportunities and a delicious lunch by the Board’s food Board of Trade” to “Toronto Region Board of Trade” the GCI at jpmorganchase.com/globalcities. over 3,200 companies and 12,450 senior executives and and beverage partner, Oliver & Bonacini. For more decision makers. Looking for increased flexibility in the • Receipt of Audited Financial Statement information and to reserve your seat, visit bot.com/events. for Fiscal Year 2016 use of this data? ExecuLeads allows you to import this data directly into the software of your choice. Learn more and start using these valuable directories as part of your sales strategy. Visit bot.com or contact us at (416) 862-4515. MORNEAU SHEPELL APPOINTMENT: IKEA CANADA DONATES Leigh Smout, TO FORT MCMURRAY Celebrates 50 Years Executive Director, RELIEF AND RECOVERY The Board is very pleased to congratulate Prestige WTC Toronto Member Morneau Shepell, a North American leader The Board applauds Prestige Member IKEA Canada in human resources consulting and technology, One of the exciting initiatives in for donating $100,000 in home furnishings products to on its 50th anniversary. the Board’s refreshed strategy is assist with relief and recovery efforts associated with reactivation of World Trade Centre Toronto, an invaluable the devastating wildfire in Fort McMurray, Alberta.
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