Tag: Canadian

Canadian basic income project takeaways, and lessons for leaders

  • For 12 months, a select group of homeless people in Canada received a total of $7,500 in cash payments, no strings attached.
  • The initiative was part of the New Leaf project, a joint study into the effects of giving people in poverty a “basic income” as a means of rehabilitation.
  • One researcher called the results of the study “beautifully surprising,” as participants could finally purchase higher-quality food and find stable housing. 
  • Leaders should take these findings seriously, and reflect on how they can better serve their employees’ needs through direct, humanistic action.
  • Visit Business Insider’s homepage for more stories.

Free money, it seems, pays off.

On October 7, researchers from the Foundations for Social Change, in Vancouver, and the University of British Columbia announced the findings of a 12-month experiment. The premise: give 50 people who had recently become homeless one-time cash payments in the amount of $7,500 — no

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Popular Canadian visa program for parents, grandparents reverting to lottery system – National

A popular immigration program that allows people to sponsor their parents or grandparents to come to Canada is reverting to a lottery system.

Federal Immigration Minister Marco Mendicino announced the relaunch of the parent and grandparent program today, saying it will open for applications on Oct. 13.

Read more:
Canada eases coronavirus border restrictions for siblings, grandparents, permanent residents

It ordinarily opens in January but was delayed this year as officials sought to revamp the system after a first-come, first-served approach buckled under excessive demand last year.

A lottery system had been used before that but it led to widespread frustration that people’s efforts to bring their families to

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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week:

CMHC report

Canada Mortgage and Housing Corp. will release its third-quarter housing market assessment report on Monday. The housing market in Canada has been hot in recent months after freezing up in the spring during the pandemic. The report evaluates the extent to which there are signs of problematic housing market conditions in select cities.

Aurora Cannabis results

Aurora Cannabis will release its fourth-quarter and full-year results and hold a conference call with financial analysts after the close of markets on Tuesday. The company announced earlier this month that it expected to take a goodwill impairment charge of up to $1.8 billion in the quarter.

Carbon tax fight

The Supreme Court of Canada will hear appeals starting on Tuesday from Saskatchewan and Ontario over cases that upheld Ottawa’s right to impose a carbon price on provinces.

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BMO Business Activity Index – Canadian Economic Recovery Continues

TORONTO, Sept. 18, 2020 /CNW/ – The BMO Business Activity Index (BMO BAI) from BMO Economics, which tracks monthly business activity with information on jobs, spending, sentiment and other indicators, rose 5.0 per cent in July, and is on pace for a 2.7 per cent gain in August. That would mark four consecutive months of strong growth from the pandemic low set in April, leaving the index 4.7 per cent below February’s peak.

“Activity by this measure had sunk as much 24 per cent at one point,” said Robert Kavcic, Senior Economist, BMO Capital Markets. “Thinking of it another way, about 80 per cent of the economic hole caused by the pandemic has been filled back up.”

Almost all indicators that make up the index continued to support the rebound in July and August. Hours worked posted solid gains as the job market recovers. The upside-surprise in housing

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Canadian dollar climbs to near one-week high on dovish Fed

FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch

TORONTO (Reuters) – The Canadian dollar rose to its strongest level in nearly one week against the greenback on Wednesday, before giving up some of its gains, bolstered by higher oil prices and the Federal Reserve’s promise to keep interest rates pinned near zero.

The Fed released new economic projections which showed interest rates on hold through at least 2023, with inflation never breaching 2% over that time.

“The message is dovish, dovish, dovish,” said Michael Goshko, corporate risk manager at Western Union Business Solutions. “The Fed’s emphasis on U.S. interest rates being low for longer … might just give the green light to Canadian dollar bulls.”

The price of oil, one of Canada’s major exports, jumped following a drawdown in U.S. crude and gasoline

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Analysts bullish again on Canadian banks as five out of Big Six surpass expectations | Perspectives-On-Business | Business

The future no longer looks grim for the Big Six Canadian banks, analysts said, after all-but one of them reported a better-than-expected fiscal third quarter that could even pave the way for a dividend hike in early 2021.

The banks are still attempting to recover from the worst of the COVID-19-induced economic shutdown but five of the six were able to widely beat analyst expectations because of record showings in their capital markets divisions.

Overall, the numbers are still bad, but they’re already a massive improvement from the second quarter, when the group reported that profits had fallen by 50 per cent. The largest profit losses this time around hit 30 per cent, but stalwarts like Royal Bank of Canada and the National Bank of Canada only reported one and two per cent declines respectively. Loan loss provisions, meanwhile have been sliced by hundreds of millions of dollars, with RBC

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CFN Enterprises Inc. Adds a Leading Canadian Outdoor Master Grower to Client Roster

Christina Lake Cannabis is an outdoor master grower in British Columbia with a leading intellectual property portfolio focused on cannabis strains and genetics.

Whitefish, MT – (
NewMediaWire ) – September 14, 2020 – CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the leading media network dedicated to the global legal cannabis, CBD and psychedelics industries, today announced the addition of Christina Lakes Cannabis to its client roster in the cannabis industry.

Christina Lakes Cannabis Logo

CFN Media will leverage its proprietary digital content platform and extensive distribution to attract qualified retail, accredited and institutional investors to Christina Lakes Cannabis ahead of its upcoming listing on the Canadian Securities Exchange.

“We have been active in the cannabis industry for nearly a decade and Christina Lake Cannabis has unmatched IP in strains and genetics,” said CFN Media President Frank Lane. “We’re excited to be working with the company

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Advantage Oil & Gas: The Canadian Midstream Strategy (OTCMKTS:AAVVF)

Advantage Oil & Gas (OTCPK:AAVVF) is a Canadian company (listed on the Toronto Exchange – Symbol AAV:TSX) that wholly owns the accompanying midstream system for the upstream business. There are so many companies in the United States that I follow that have a presence in their midstream operations with beneficial results to the parent company.

I previously noted that Epsilon Energy (EPSN) had that income from the midstream joint venture to help that debt free company have a minimal cash flow at a time of extremely low commodity pricing. Antero Resources (AR) had a history of periodically selling shares owned of Antero Midstream (AM) to raise some cash. These companies and more benefited in multiple ways from some exposure to midstream operations.

Typically midstream operations have long term contracts with minimum take or pay safety values that assure a reasonable cash flow during times of weak pricing or industry downturns.

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The third annual Business as a Force for Good Awards recognise six outstanding Canadian companies making a positive impact on the world

André Hoffmann, Vice-Chairman of Roche Holding, to deliver keynote address

MONTRÉAL, Sept. 9, 2020 /CNW Telbec/ – The INSEAD National Alumni Association in Canada (NAA) and the INSEAD Alumni Fund Canada (IAF) are pleased to announce the six winners of its third annual Business as a Force for Good Awards.

The awards ceremony will take place at 6:00 pm EDT on Friday, September 11th (12:00 am CEST, September 12th) as part of this year’s Global INSEAD Day 2020, to be held in digital format for the first time ever.

To kick off the live event, a keynote address will be delivered by Mr. André Hoffmann, Vice-Chairman of Roche Holding, Switzerland; an INSEAD MBA alumnus; and Founder of the INSEAD Hoffmann Institute for Business and Society, which is at the forefront of aligning INSEAD with the UN Sustainable Development Goals.

During the awards ceremony,

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