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Tuesday October 11, 2016

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MONITOR

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Manufacturing

New Generation of Manufacturers Must Embrace Disruptive Technology, says Canadian Chamber report

Guelph —The future of Canada’s manufacturing sector will be shaped by our capacity to move away from the traditional manufacturing model, and instead leverage creativity, technology and innovation, reveals a new report released by the Canadian Chamber of Commerce during the Guelph Economic Leadership Forum. In Only the Smart Survive: How Canada Can Remain Competitive in Manufacturing, the Canadian Chamber examines how to reverse the decline in Canadian manufacturing through modern policies and incentives, particularly in sectors such as automotive, aerospace, clean-tech and biotech.

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IofT

New Forum Center to Advance Global Cooperation on Fourth Industrial Revolution

The Center will be dedicated to advancing the global conversation on science and technology governance for the benefit of society at large; It is the first globally active office of any international organization in the Bay Area, and a sign of the critical importance of technology in society and the global economy and the need for public-private collaboration; The Center will the Forum’s global multistakeholder communities of scientists, leading companies, Technology Pioneers, civil society, academia, policy-makers, international organizations and youth

San Francisco – The World Economic Forum announced the opening of its new Center for the Fourth Industrial Revolution in San Francisco. The Center will serve as a platform for interaction, insight and impact on the scientific and technological changes that are changing the way we live, work and relate to one another. It is the first permanent, globally active office of an international organization in the Bay Area.

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Climate Disasters

Canadian business leadership is critical to reducing the risks of climate and other natural disasters

Toronto - PwC Canada convened a group of private and public sector leaders to discuss the case for Canadian businesses to take action on reducing and managing the risks of climate and other natural disasters. Major disasters over the past decade in Canada have been distressing yet important reminders of the direct connections between economic, ecological and human systems.

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Rents

Commercial Rents Services Price Index, second quarter 2016

Ottawa - The Commercial Rents Services Price Index increased 0.2% in the second quarter, following a 0.1% gain the previous quarter. Higher average rents for office and industrial buildings were offset by lower average rents for retail buildings.

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Community Health

The Autism Services collaborative continues!

Waterloo Region - Waterloo Region Family Network (WRFN) is pleased to announce that the Family Resource Coach from Autism Services Waterloo Region (ASWR) has transitioned to our organization.

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Appointment

Guelph Hydro Electric Systems Inc. Announces Appointment of New Board Member

Guelph - Guelph Hydro Electric Systems Inc., the electricity distribution company serving more than 54,000 customers in Guelph and Rockwood, Ontario, announces the appointment of Ms. Marika Hare to the Guelph Hydro Electric Systems Inc. Board of Directors.

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2015 Energy Stats

Oil and gas extraction for 2015

Ottawa - The oil and gas extraction industry recorded an overall downturn in 2015, which was largely attributable to a continued decline in the prices of crude oil and natural gas.

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Study

Don’t Panic, But Your Avocado is Radioactive: Study Eyes Background Radiation of Everyday Objects

Raleigh, NC - Most people assume all radioactive materials are dangerous, if not deadly. But a new study on the radiation emitted by everyday objects highlights the fact that we interact with radioactive materials every day. The goal of the work is to give people a frame of reference for understanding news stories or other information about radiation and nuclear safety.

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Signing

KW Titans announce signing of guard Adam Blazek

Kitchener – The Kitchener-Waterloo Titans announced on Thursday, that 24-year old guard, Adam Blazek, has officially signed with the club.

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Culture

City of Toronto Cultural Corridor Designation

Tornto - The Bloor St. Culture Corridor is thrilled to announce that the City of Toronto has designated Bloor St. West, between Bathurst and Bay streets, a City of Toronto cultural corridor.

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Investor Survey

CFA Society Toronto Celebrates 80 Years of Serving Toronto's Financial Community at the 2016 Annual Investment Dinner

Toronto - Last Wednesday marked CFA Society Toronto's 80th Anniversary at the 2016 Annual Investment Dinner. Over 900 attendees from various financial disciplines and industries joined us to celebrate and gain insights from the investment community's most influential practitioners.

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Technology

Naval Aviation Museum Foundation takes ‘The Magic of Flight’ to new heights with Christie and D3D Cinema

Installing Christie 3P laser creates over $200,000 in new net revenue and increased attendance at Giant Screen Theater

CYPRESS, Calif./ Waterloo, Canada –The riveting colors and shimmering brightness of the Christie® 3P laser system is enthralling audiences at the National Naval Aviation Museum in Pensacola, Florida. The museum’s 325-seat Naval Aviation Memorial Giant Screen Theater, home to ‘The Magic of Flight’ – a film tracing the history of aviation – recently upgraded to a Christie CP42LH projector head that is not only saving the Foundation over $200,000 annually, it has increased attendance by 20 percent. Installed by D3D Cinema, the projection upgrade was part of the museum’s renovation that includes a stage and presentation area at the front of the theater.

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Innovation

‘Sensing Skin’ Detects Cracks, Harmful Chemicals in Structures

Raleigh, NC - Researchers have developed a multi-layered “sensing skin” to detect corrosive or otherwise harmful substances in structures. The skin can also detect cracks and other structural flaws that are invisible to the naked eye.

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Shareholder Expectations

Unveiling of the 2016 Proxy Season Review

Toronto - Kingsdale Shareholder Services released its annual 2016 Proxy Season Review, a report designed to equip public companies, boards, and advisors to face the changing expectations of shareholders, demands of activists, and policies of proxy advisors. The report provides a detailed examination of the key statistics of this past proxy season and details a number of important case studies.

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Private Offering

Air Canada Completes C$1.25 Billion Refinancing

Momtreal - Air Canada announced Thursday that it has completed its previously announced private offering of C$200 million of 4.75% senior secured first lien notes due 2023 (the "2016 Senior Notes") and the closing of its previously announced U.S.$1.1 billion new senior secured credit facility, comprised of a U.S.$800 million term loan maturing in 2023, together with a new, undrawn U.S.$300 million revolving credit facility expiring in 2021 (collectively with the term loan, the "2016 Credit Facility"). The 2016 Credit Facility has an initial interest rate of 275 basis points over LIBOR (subject to a LIBOR floor of 75 basis points).

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Going Green

Greentec Unveils New Website to Make E-Waste Solutions Easier for Businesses

Greentec.com Features Modern, Functional and Mobile Responsive Design

Cambridge — Last Thursday, Greentec announced the launch of their brand new website designed exclusively to be a one stop solution for businesses to find all of their e-waste recycling and secure destruction needs at www.greentec.com. "Our mission as an e-waste recycling company has always been to protect your business and the environment. We take pride in delivering superior customer service from the first point of contact to the point of service," said Tony Perrotta, President. "This business-focused design gives clients and potential clients a simple and clear digital hub to begin their experience with us and to use as a resource to come back to again and again throughout the relationship.”

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ECONOMIC DEVELOPMENT
& EDUCATION

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STEM

Maplesoft User Summit to Discuss Transformations in Online STEM Education

Maple T.A., Möbius users, educators and experts to gather in Vienna

Waterloo - Maplesoft will welcome experts and users of Maple T.A. and Möbius to Vienna from October 19-21, 2016, for its annual user summit. Long-time customers and users will gather at the Vienna University of Technology for presentations on the latest news and features of Maple T.A., Maplesoft’s testing and assessment tool, and the recently introduced Möbius, Maplesoft’s platform for developing online science, technology, engineering and mathematics (STEM) courseware.

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Education

FedDev Ontario Invests in New Site to Create Energy-Efficient Technologies

Woodbridge – Energy conservation will get a surge thanks to a $4.63-million federal investment in Mohawk College, which will help to build a new test site in Woodbridge to develop and commercialize clean energy technologies.


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TALKS

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Reality

Isaac Lidsky: What reality are you creating for yourself?

Reality isn't something you perceive; it's something you create in your mind. Isaac Lidsky learned this profound lesson firsthand, when unexpected life circumstances yielded valuable insights. In this introspective, personal talk, he challenges us to let go of excuses, assumptions and fears, and accept the awesome responsibility of being the creators of our own reality. Isaac Lidsky has a very eclectic resume.

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Victim Blaming

Ione Wells: How we talk about sexual assault online

We need a more considered approach to using social media for social justice, says writer and activist Ione Wells. After she was the victim of an assault in London, Wells published a letter to her attacker in a student newspaper that went viral and sparked the #NotGuilty campaign against sexual violence and victim-blaming. In this moving talk, she describes how sharing her personal story gave hope to others and delivers a powerful message against the culture of online shaming.

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Language

John McWhorter: 4 reasons to learn a new language

English is fast becoming the world's universal language, and instant translation technology is improving every year. So why bother learning a foreign language? Linguist and Columbia professor John McWhorter shares four alluring benefits of learning an unfamiliar tongue. Linguist John McWhorter thinks about language in relation to race, politics and our shared cultural history.



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QUEEN'S PARK

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Health Care

Statement from Minister of Health and Long-Term Care on Digital Health

Queen's Park - Last Friday, Dr. Eric Hoskins, Minister of Health and Long-Term Care, issued the following statement on accessing progress in Digital Health:

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Aggregate

Ontario Introduces Aggregate Resources and Mining Modernization Act

Legislation Would Balance Environmental Protection with Economic Growth and Modernize Mining Claims

Queen's Park - Ontario has introduced legislation that would modernize the management of resource extraction in the province to help increase growth and competitiveness in the mining sector and improve environmental accountability and oversight in the aggregates industry.

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Labour

Ontario Adds 16,200 Jobs in September

Province Focused on Growing the Economy and Helping People in their Everyday Lives

Queen's Park - Employment in Ontario increased by 16,200 in September -- including gains across the province in a number of sectors.

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Education

Ontario Invests in Innovative Learning Facilities at Fanshawe College

Province Equipping Students with Skills for Jobs of Today and Tomorrow

Queen's Park - Ontario is investing in new labs and improved biotechnology research facilities at Fanshawe College that will better equip students with the skills they need for jobs.

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Fall Fine

Worker's Fall Through Opening Results in $50,000 Fine In Guelph

Guelph - Nartech Metal Products Inc., a Windsor-based automotive parts manufacturer with a plant in Guelph, pleaded guilty and has been fined $50,000 after a worker fell through an open scrap chute and suffered injuries as a result.

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Education

Ontario Investing in Facility Upgrades at Sheridan

Province Supporting High Quality Education at Brampton and Oakville Campuses

Queen's Park - Ontario is investing in innovative building upgrades at Sheridan's Oakville and Brampton campuses, so that students can continue to receive high quality education in modern, comfortable facilities.




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NATIONAL

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Stewardship

CPA Canada supports improving Canada’s natural capital stewardship

Toronto — Chartered Professional Accountants of Canada (CPA Canada) is a founding partner in a national effort to accelerate the measurement and valuation of the country’s natural capital to support more holistic and informed decision-making.

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Workforce

Labour Force Survey for September 2016

Ottawa - Employment rose by 67,000 (+0.4%) in September, with most of the increase in part-time work. The unemployment rate was unchanged at 7.0%, as more people participated in the labour market. In the third quarter of 2016, employment gains totalled 62,000 (+0.3%). This followed little change in employment in the second quarter and a slight increase of 33,000 (+0.2%) in the first quarter.

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Trade

Canadian international merchandise trade for August 2016

Canada's exports increased 0.6% to $43.4 billion in August. Exports volumes rose 0.4% and prices edged up 0.2%. Imports were largely unchanged at $45.3 billion in August, as a 0.8% increase in volumes was offset by a 0.7% decrease in prices. Consequently, Canada's merchandise trade deficit with the world narrowed from $2.2 billion in July to $1.9 billion in August.



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Air Travel

Aircraft movement statistics: Major airports for July 2016

Ottawa - In July, there were 548,845 aircraft take-offs and landings at the 91 Canadian airports with NAV CANADA air traffic control towers and flight service stations, compared with 563,665 movements in July 2015.




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THE WORLD

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Elected

James M. Klotz Elected Secretary-General of International Bar Association

Toronto - Miller Thomson congratulates Toronto partner James Klotz, a distinguished international business lawyer specializing in the fields of anti-corruption and governance, on being elected Secretary-General of the International Bar Association ("IBA"). He is only the third Canadian to hold this position within the IBA in the last half century.

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Health Service Overhaul

The UK’s approach to health needs radical rethinking – its boldest since the founding of the NHS in 1948

New York, NY - As the NHS lurches from crisis to crisis, the UK’s approach to health needs radical rethinking to create a healthy and health-creating society. Just as the founding of the NHS in 1948 was a great national movement creating a health service for everyone, today all sectors of society – from employers, teachers, designers, manufacturers, as well as citizens, community groups and government – need to come together to improve the health of the nation.

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Energy

Government of India Committed to Policy Support for Energy Producers, Distributors

Indian government will create market-friendly mechanisms, introduce transparency and competition; Renewables, nuclear and gas to comprise larger share of energy mix

New Delhi, India – The government of India is committed to implementing policy reform, creating market-friendly mechanisms and introducing transparency and competition into India’s energy sector, said Dharmendra Pradhan, Minister of State for Petroleum and Natural Gas of India, in a session on Powering India’s Energy Potential, on the opening day of the India Economic Summit.

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World Economy

Local Innovation, Openness and Global Ambitions Will Power India’s Take-Off

By taking advantage of their local market know-how, Indian entrepreneurs can compete with big foreign players armed with lots of cash; The Indian government should create the right ecosystem for entrepreneurship and resist protectionism

New Delhi, India – A recent report said that Indian entrepreneurs should not be daunted by competition from big cash-rich multinationals but should focus on innovating for the domestic market and then taking their products and services global, the Co-Chairs of the India Economic Summit told participants in the meeting’s closing session.

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World Manufacturing

‘Make in India’ Export to the World is Key to India’s Job Creation

Make in India, but export to the world, says Amitabh Kant, head of NITI – is key to job creation; Dedicated freight corridors opening end of 2018 will drive efficiencies in manufacturing; Indian industry must create world-class brands by embracing technology and innovation;Indian states have critical role to bring reforms in land and labour to drive manufacturing

New Delhi, India – Indian manufacturers must think big and use the domestic market as a springboard for exports, said Amitabh Kant, Chief Executive Officer of NITI Aayog. He stressed that only manufacturing can deliver the jobs and growth that India so urgently needs to service the 250 million young people joining the job market in the next decade. “You can’t do job creation without manufacturing; you can’t do it on the back of services sector growth, which India’s been doing for years,” said Kant.




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COLUMNS

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Chart of the Week

Did You Know This?

In 2015 the US produced more oil than Saudi Arabia.

by Michael Hayhoe

Look at the growth in the last 10 years. The US went from 8% of world production to 14%, almost doubling their production and becoming the biggest producer in the world. No wonder the Saudi's went after them last year and turned their taps wide open to try to drive the shale producers out of business.

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Leadership

The 12 Factors that Build Phenomenal Leaders

By Dr. Kevin Coughlin

When you think of leadership you are actually thinking about influence. At its core, leadership is really about the influences on the people around you, and the ability to move them in certain direction to obtain certain goals or objectives.

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Prices

The vast fallout from falling food prices

Consumers win when food prices fall, but all down the supply chain there are losers, including retailers, processors and farmers - By Sylvain Charlebois

HALIFAX, N.S. - Making money in the food business isn't nearly as simple as it once was. It's becoming cheaper to buy food in Canada - prices fell in August for the first time in years in every province except Alberta. And the Statistics Canada data may indicate the start of significant ongoing food deflation.



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BUSINESS EVENTS
& NETWORKING
ACTIVITIES

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October

Annual fundraiser, the Black and Gold Gala, takes place Thursday, October 20, 2016 at Bingemans!


Roll Out the Barrel:Waterloo’s Oktoberfest is the best Bavarian Festival this side of Munich

Anti-Racism Community Meeting on October 24 to Kitchener-Waterloo

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November

Western welcomes Alan Alda to Robarts’ Leaders in Innovation Dinner

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