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Origami robots that reshape and transform themselves
Good morning. Thanks for coming out on this beautiful summer day. Governor Poloz and I are pleased to be here to answer your questions about today’s interest rate announcement and our Monetary Policy Report (MPR). Let me start by reviewing recent developments in the Canadian economy, before turning to key points from Governing Council’s deliberations. The Canadian economy has been recovering from the rough patch we saw at the end of 2018 and beginning of 2019. In fact, recent economic data have led us to upgrade our projection for the second quarter. That’s largely due to a surge in oil production and a bounce-back from weather-related slowdowns earlier this year. We now expect that economic growth will ease over the summer and will average around potential output growth over the second and third quarters. At the same time, inflation remains around 2 percent.
Saskatoon — Premier Doug Ford joins Canada's provincial and territorial leaders at the Council of the Federation summer meeting in Saskatoon to advocate for removing barriers to internal trade, promoting job creation and economic growth, and strengthening health care. "I'm bringing a clear message to our partners — Ontario is open for business and open for jobs. We want to work with every province to grow internal trade and support a thriving economy," said Ford. "I'm looking forward to exploring the potential for greater economic partnerships outside our provincial borders and making it easier for businesses to do the same."
As Bitcoin tries to regain some of the lustre it held in late 2017 when it nearly reached US$20,000 in value, investors are still questioning how to predict such a volatile currency. As a cryptocurrency, there is no physical form that gives Bitcoin value, so it is impossible to perform traditional fundamental analysis of the currency. Consequently, many investors track the so-called technical trading indicators (geometric patterns constructed from historical prices and trading volumes) in order to understand and predict Bitcoin’s future movement.
Here is the quarterly report about the online job postings taking place within the Waterloo Wellington Dufferin area. The report includes the job postings by website source, top locations, major NOC and by type. It also includes the top 10 occupations (by 4 Digit NOC) being posted.
Canadian employers are increasingly realizing the rising individual and business risks presented by mental health issues, and most are offering paramedical psychology benefits and other programs that support workplace mental health, according to a new survey by Aon, the leading global professional services firm that provides a broad range of risk, retirement and health solutions.
Waterloo – OpenText announced new partnerships, services and product integrations to help customers move critical EIM workloads to Google Cloud. As part of this expanded relationship, Google Cloud has selected OpenText as its preferred partner for Enterprise Information Management Services, while OpenText has named Google Cloud its preferred partner for enterprise cloud. Seven months after announcing a new strategic partnership, OpenText and Google Cloud are announcing and launching new product integrations in key areas:
Conestoga’s Be-Dah-Bin Gamik has moved to a new space at the Doon campus to enhance services offered to the college community. Now located in 2A601, Be-Dah-Bin Gamik, a Place of New Beginning, provides services for Indigenous students by assisting with a smooth transition to college life and providing ongoing support, which includes social and cultural events and activities, counselling, and Elders-in-Residence programs. “The most important aspect of the new space for us is that we now have direct access to land,” said Christina Restoule, Be-Dah-Bin Gamik manager. “It will greatly enhance the traditional and holistic services and programs we offer.”
The FAO constructed a hypothetical scenario in which the Ontario economy experiences a moderate recession to stress test the vulnerability of the government’s budget plan to an economic downturn. Under this recession scenario, government revenues would decline while spending on some programs, such as employment training and social services, would be expected to increase. Taken together, the FAO estimates the deficit would increase to $16.5 billion in 2021-22. While the budget deficit would be expected to improve steadily as the economy recovers, a budget deficit of over $4 billion would still be projected in 2023-24, the year the government intends to achieve balance.
If you turn to most organizations—including your own—you’ll likely be able to list out the “core values” that anyone within the workplace should embody. Look in the break room, on the annual performance appraisal, or maybe on some cool tchotchke given out at an annual workplace event; you’ll see things like “integrity,” “team work,” and “customer focus” listed. This is the social contract that anyone working for that organization should abide by.
OpenText announced its largest technology update, including a major expansion of EIM cloud capabilities. This latest release advances the company’s vision to capture, govern, exchange and use information to its full potential, unlocking the information advantage for its customers. “Rapid technological advancement, distributed supply chains, cybersecurity concerns, regulatory changes and shifting workforce dynamics require business leaders to embrace new approaches,” said Mark J. Barrenechea, OpenText CEO & CTO. “We are pleased to announce OpenText Cloud Editions (CE), enabling customers to accelerate innovation, be more secure, and support the changing nature of work and the workforce. This is the most comprehensive release in our history, including Content Services, Business Network, Magellan, EnCase, Security and our CORE SAAS applications.”
Everyone has experienced this at one time or another. What you thought was going to be a simple everyday transaction for a product or service, turned out to be an experience that earned your lifetime loyalty as a customer. Sadly, it doesn’t happen very often. Which is exactly why it’s so surprising when it does happen. Today’s consumer-driven environment is intently focused on instant availability and for good reason. More than ever customers want immediate access and lament any speed bumps between them and the conclusion of the transaction. Immediacy has become the golden calf of customer satisfaction. Customers continually worship the quickest solution with frequent patronage, but the results of that lust for instant gratification has come at a painful price. The line between optimization and true innovation has been blurred as the customer experience has been sacrificed on the altar of speed.
Toddlers are surprisingly good at processing the speech of other young children, according to a new study. And toddlers who have more exposure to other children, such as those in daycare, may be particularly good at certain word learning skills. Researchers at the University of Waterloo examined the word processing skills of toddlers who spend most of their time with adults compared with those who have more exposure to groups of children. They focused on how well the toddlers understood the speech of other children.
Inflation went through a puzzling path after the financial crisis of 2008-09 and the reasons why warrant a closer look, according to a C.D. Howe Institute report. In “Inflation after the Crisis: What’s the Story?” authors Jeremy Kronick and Farah Omran explore a link between the breadth of economic growth and inflation performance over the period following the financial crisis. The authors find missing inflation occurred when growth was higher but concentrated in a smaller set of industries and wealthier income quintiles.
As expected, the Bank of Canada left its policy rate unchanged at 1.75%. The Governing Council said that the current policy rate continued to provide the appropriate amount of monetary stimulus. Developments in the energy sector, and the impact of trade tensions on the Canadian economic outlook will be closely monitored. The policy statement highlighted that global trade tensions are having a "material effect" on the global economic outlook, and have prompted recent dovish shifts by the Federal Reserve, the ECB, and policy easing in China. Domestically, the BoC said that the economy is returning to growth around potential following the soft patch in late 2018 and early 2019. The Bank now projects 2019 Q2 GDP growth of 2.3%, up from April's 1.3% forecast.
The federal government’s recent approval of the Trans Mountain pipeline expansion is a welcome sign. It shows that the Liberal government recognizes Canada’s deteriorating investment environment, particularly in the upstream oil and gas sector (essentially, exploration and production). Unfortunately, the government has provided less evidence that it acknowledges the competitiveness problem plaguing a much broader range of Canadian industries. To be sure, the oil and gas industry is a large and prominent contributor to the Canadian economy. As noted in a recent Fraser Institute study, capital expenditures on oil and gas extraction accounted for 28 per cent of total non-residential business investment in Canada in 2014.
Oshawa – The United States Embassy in Ottawa and U.S. Consulate in Toronto are pleased to announce support for the National Inventors Hall of Fame, Inc. for the first-ever Canadian offering of Camp Invention™. The U.S. Public Affairs Office issued a grant to support two one-week elementary school-level non-profit summer enrichment programs in Oshawa and Ottawa this summer.
The Ontario Chamber of Commerce (OCC) announced advance access registration for the sixteenth annual Ontario Economic Summit (OES), “Our Economy. Our Future. Our Ontario.” OES will be hosted in Toronto for the first time in almost a decade at Hotel X and Beanfield Centre from November 13 to 15.