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Category: Business (Page 1 of 3)

A top concern for Canadian employees is their mental well being

Increasingly, we are seeing studies that show well being at work is good for business, it’s good for the economy, and most of all, it’s good for people – employees, managers, and owners.

Vincenzo Morello, Radio Canada International »

According to a survey by Morneau Shepell, 77 per cent of Canadians would take a lower salary in favour of better mental health support.

The results of the survey said that many factors could be contributing to the mental stress of Canadian workers. Factors like financial stress, and workplace culture. Forty-two per cent of employees said that they struggle more with finances than their peers with the same income.

Another contributing factor to this phenomenon is that 45 per cent of Canadians surveyed believed that the mental demands of their job have increased over the last two years.

Allen said that in last years survey, 60 per cent of employees said that the workplace had a positive influence on their mental health, while another 25 per cent said it was harmful.

Read the whole article at CBC’s RCI »

Canada is one of the world’s top 10 economies

Ryan Flanagan, CTVNews.ca »

The latest edition of the World Economic League Table places Canada as the world’s 10th-largest economy based on its GDP of US$1.731 trillion (CAD$2.251 trillion) in 2019.

[…]

The U.K.-based Centre for Economics and Business Research, which publishes the annual table, predicted years ago that Canada would drop out of the top 10, but did not foresee its return.

In fact, as of 2016, the centre was expecting Canada’s economy to continue to slip down the ranking. Its newest projection, released Dec. 26, paints a different picture, with Canada’s economy projected to rise to the ninth-largest in the world by 2024 and No. 8 by 2029.

The centre says population growth brought on by immigration has contributed to Canada’s economic strength.

Vancouver’s Harbour Air becomes first to commercially fly an electric airplane

Vancouver’s Harbour Air, and CEO Greg McDougall made aviation history earlier this month, on December 10, 2019.

Paul A. Eisenstei, The Detroit Bureau »

With McDougall in the pilot’s seat, the Vancouver-based airline became the first to commercially fly an electric-powered aircraft – in this case, a 63-year-old De Vavilland Beaver seaplane.

“I was an early adopter of the Tesla car and so impressed by their innovation,” McDougall said. “When I got the car five years ago, I wondered if we could transfer similar electric engine technology to our planes. Someone was going to do it someday, so it may as well be us.”

[…]

The initial flight of the Harbour Air electric plane drew crowds of onlookers lining the waterfront. For now, the aircraft is in certification stage, a process that will take between two to three years, according to the New York Times.

If and when regulators give it a go, the aircraft will be able to handle a 30-minute flight – with a requisite 30-minute reserve – while being able to recharge in about an hour.

More » CBC, CNBC, Engadget, TechSpot, The Verge, Vox

Canadian GDP grew 2.0% in 2018

Statistics Canada is reporting that in 2018 real gross domestic product (GDP) rose in all provinces and territories except Newfoundland and Labrador.

Nationally, real GDP grew 2.0%, after increasing 3.2% in 2017.

Increased exports from most regions and a modest rise in household spending contributed to the growth. These increases were partly offset by declines in business investment in non-residential construction resulting from the completion of major construction projects in several provinces and territories. This coincided with downward pressure on housing activity following the implementation of tightened mortgage rules and higher interest rates.

Full report is available from Statistics Canada »

Bank of Canada Report » Business outlook edging higher

The Canadian Press via the CBC »

A new survey by the Bank of Canada suggested that business sentiment in the country has edged higher, but differences between the Prairies, hard hit by the turmoil in the energy sector, and Central Canada have grown more pronounced.

The central bank’s survey of senior management at roughly 100 firms suggested “a slight improvement” in overall business sentiment as businesses expected moderate sales growth in the year to come.

However, due to ongoing challenges in the energy sector, the Bank of Canada said overall sentiment was negative in the Prairies.

Read more at the CBC »

Bloomberg » Trudeau has Canada’s economy humming

Matthew A. Winkler, writing in Bloomberg »

Unemployment fell faster than in any developed nation during the 40 months that ended in May, to its lowest level since 1976. Gross domestic product accelerated to a pace second only to the U.S. rate. The stock and bond markets proved world beaters with the best returns and most stability.

[…}

All of which helps make the economy stronger and technology the fastest-growing Canadian industry. While Canada’s GDP has grown 8% since 2015, its semiconductor business has expanded 11%; electronic products, 27%; computer systems 23%, and information technology, 36%, according to data compiled by Bloomberg. During the decade preceding 2015, when Canadian GDP grew 16.3%, the semiconductor business declined 26%; electronic products fell 13%; computer systems increased 48%, and information technology declined 38%.

[…]

Trudeau became the first prime minister to bring gender parity to his cabinet, a policy that encouraged corporate Canada to follow suit by promoting women into management at the fastest rate in the G-7 during the past 40 months. The percentage of female executives among the 242 companies in the Toronto Stock Exchange Composite Index increased 13.5% to 15.4%, an advance that beat Germany (1.8%), the U.S. (1.7%) and Japan (0.3%), according to data compiled by Bloomberg.

Read the whole article at Bloomberg »

Canada’s economy is humming

Matthew A. Winkler, writing for Bloomberg (paywall) »

Unemployment fell faster than in any developed nation during the 40 months that ended in May, to its lowest level since 1976. Gross domestic product accelerated to a pace second only to the U.S. rate. The stock and bond markets proved world beaters with the best returns and most stability.

Behind the robust health are data showing Canada transitioning to a technology juggernaut from a country defined by its dependence on fossil fuels. While the government continues to subsidize coal, gas and oil, which account for 77% of the nation’s energy needs, the correlation between the price of oil and Canadian stocks has all but disappeared since Trudeau became prime minister, according to data compiled by Bloomberg. The traditional interdependence of stocks and oil prevailed during the 10 years preceding his election.

and

The Canadian election on Monday may be too close to call. But no one can say Canada hasn’t changed for the better in the past four years.

Read the whole article at Bloomberg (paywall) »

Canadian and European health departments are sharing study results on new drugs and treatments online. Transparency advocates elsewhere want the same.

Barbara Mantel

This past March, Canada’s department of health changed the way it handles the huge amount of data that companies submit when seeking approval for a new drug, biological treatment, or medical device — or a new use for an existing one. For the first time, Health Canada is making large chunks of this information publicly available after it approves or rejects applications.

Within 120 days of a decision, Health Canada will post clinical study reports on a new government online portal, starting with drugs that contain novel active ingredients and adding devices and other drugs over a four-year phase-in period. These company-generated documents, often running more than 1,000 pages, summarize the methods, goals, and results of clinical trials, which test the safety and efficacy of promising medical interventions. The reports play an important role in helping regulators make their decisions, along with other information, such as raw data about individual patients in clinical trials.

So far, Health Canada has posted reports for four newly approved drugs — one to treat plaque psoriasis in adults, two to treat two different types of skin cancer, and the fourth for advanced hormone-related breast cancer — and is preparing to release reports for another 13 drugs and three medical devices approved or rejected since March. Continue reading

Very Canadian!

Travelweek.ca » Sandra Oh pokes fun at Canadian stereotypes in Air Canada’s new campaign

The campaign, which marks the airline’s first collaboration with Oh, pokes fun at how Canadians travel and interact with other cultures abroad. While walking through an airport, Oh is seen apologizing to strangers (a widely-regarded ‘Canadian’ trait), playing peacemaker between two fighting siblings by offering them a ready-made poutine, and enjoying Caesars at the bar with a Japanese businessman.

“When you travel with Air Canada, it’s as if you’re travelling like a Canadian,” she says. “No matter where you’re going, whether you’re Canadian or not, travelling like one can bring the world a little closer.”

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