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The future of the Canadian economy

Sunday, June 20th, 2010

The Canadian economy has been acknowledged as well adjusted for this crisis. A sound financial system, fast property market recovery, solid social and health care networks, abundant natural resources - all these factors were supposed to make recession short and not very painful. It’s is still, nonetheless, hazy what the future will hold.

We can hardly come across so many contrasting ideas on the future state of the Canadian economy, than during this autumn. Some professionals think that the Canadian economy is too good to be true, despite the winding down of the recession in OECD countries, whilst other professionals accept the recovery.

The regions overall economic performance was expected to show a 2% growth in the third quarter, unfortunately the 0.1% seen in August was a disappointment. The genuine development seen in most industries, have grown due to direct stimulus action. The Bank of Canada is estimating a 3.3% development in quarter 4 after the letdown of quarter 3, but OECD experts put it at the 2.7% range. “I’ve been saying for some time that we need to be cautious, that the economy is recovering; the economy has not recovered” according to Minister Flaherty. This is not an isolated thought, but something lots of people concede with.

According to a new statement from Reuters, despite accepting the Canadian economy is flexible, private equity investors are cautious and prepared for the option of a double dip, delaying plans for initial public offerings. A partner at Birch Hill Equity Partners thinks that people are planning for the worst. What’s the way ahead for Canada? Buyout investments were slightly over $2.0 billion during the first three quarters, while the same period of 2008 recorded $8.5 billion.

Not only professionals, but also economists are far from optimistic. “This is going to be a period of no growth and false recoveries that don’t last”, states Edward Safarian who is one of Canada’s looked up to economists Accepting the Great Recession was blunted in Canada, he is anxious that the excessive capacities built can be a long term problem. The unemployment rate may stagnate as thousands of probable unemployed, who dropped out the workforce, will be returning in the next few years. If the government removes the stimulus too quickly this could lead to the recession coming back. Customers are watching these negative opinions - the consumer confidence index fell 5.7 points in November from October to 79, still below the pre-crisis level.

Another critical item to think about, is the warning given in the latest report by Dale Orr Economic Insight. Even when the GDP gets over zero, it’s per capita product is still tested as the Canadian population grows over 1% per annum. When the recession happened our living standard had already started to decline as there was a 0.6% shortage in 2008. If you would like to see the full details of the article entitled The Future of Canadian economy please continue reading on our homepage.

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What does the prospects hold for the Canadian economy?

Tuesday, March 9th, 2010

The Canadian economy has been acknowledged as well adjusted for this recession. A sound financial system, speedy real estate market recovery, solid social and health care networks, abundant natural resources - all these factors were supposed to make recession brief and not very painful. It’s is still, nevertheless, hazy what the future will bring.

The Canadian economy has been the material of quite a few debates this autumn. Some experts think that the Canadian economy is too good to be true, despite the lessening of the recession in OECD countries, although other experts accept the recovery.

The GDP for the third quarter was calculated to rise 2% according to the Bank of Canada, so the 0.1% contraction in August wasn’t brilliant news. The genuine growth seen in most industries, have grown due to direct stimulus action. The Bank of Canada is predicting a 3.3% rise in quarter 4 after the disappointment of quarter 3, but OECD experts put it at the 2.7% range. “I’ve been saying for some time that we need to be cautious, that the economy is recovering; the economy has not recovered” according to Minister Flaherty. The minister is not the only person to think this.

With the chance of a double dip, private equity investors are delaying their plans despite believing the Canadian economy is flexible, according to a recent report from Reuters. A partner at Birch Hill Equity Partners thinks that experts are ready for the worst. What’s the way forward for Canadians? The difference in buyout investments over the first 3 quarters in comparison to the identical time last year was approximately a $6.5 billion drop.

Not only analysts, but also economists are far from hopeful. “This is going to be a period of no growth and false recoveries that don’t last”, declares Edward Safarian who is one of Canada’s admired economists He also declares that the Great Recession was weakened in Canada, but is fearful a long term problem may be caused by the excessive developments built. The unemployment rate may decline as thousands of potential unemployed, who dropped out the workforce, will be returning in the coming few years. If the government takes away the stimulus too hastily this could lead to the recession reappearing. The negative opinions are reflected in the consumer confidence index with a decline of 5.7 from the October figures of 84.7 points.

Another important issue to think about, is the warning published in the latest report by Dale Orr Economic Insight. The Canadian population increases at rate of over 1% per year, so even when GDP growth gets over the zero line, per capita product is still questioned. When the recession began our living standard had already started to drop as there was a 0.6% deficiency in 2008. For the remainder of our report on The Future of Canadian economy go to our website.

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How is the outlook of the Canadian economy turning out?

Saturday, January 2nd, 2010

The Canadian economy has been acknowledged as well adjusted for this crisis. A sound financial system, quick housing market recovery, solid social and health care networks, abundant natural resources - all these factors were supposed to make recession brief and not very painful. It’s is still, however, hazy what the future will fetch.

Taking into account the last few months there are many thoughts on the future of the Canadian economy. Some authorities think that the Canadian economy is too good to be true, despite the ending of the recession in OECD countries, while other authorities accept the recovery.

The GDP for the third quarter was expected to advance 2% according to the Bank of Canada, so the 0.1% contraction in August wasn’t good news. While genuine progress has been seen in many industries, this is mainly due to direct stimulus action. So analysts are now looking to the fourth quarter to see some economic development though there is a difference of conjecture to how much this will be - 3.3% according to the BoC or 2.7% according to OECD experts. “I’ve been saying for some time that we need to be cautious, that the economy is recovering; the economy has not recovered” according to Minister Flaherty. He is not the only one to assume this.

With the chance of a double dip, private equity investors are postponing their plans despite believing the Canadian economy is resilient, according to a recent statement from Reuters. “I think people are planning for things to get worse,” said Steve Dent, a partner at Birch Hill Equity Partners. What’s the result for Canada? The variance in buyout investments over the first 3 quarters in comparison to the identical time last year was approximately a $6.5 billion drop.

Not only experts, but also economists are far from hopeful. One of Canada’s most admired economists believes that, at the moment, there will be false comebacks that don’t last long and no growth. He also declares that the Great Recession was slowed down in Canada, but worries a long term problem may be caused by the excessive developments built. Whilst unemployment figures may look well now, with the return of a multitude Canadians to the workforce this could change. If the government withdraws the stimulus too quickly this could lead to the recession coming back. In October the consumer confidence index was 84.7 points and then fell to 79 points in October, a sure sign that customers are taking in these negative comments.

A prediction from the latest report by Dale Orr Economic Insight is another important point to consider. The Canadian population grows at rate of over 1% per year, so even when GDP growth gets over the zero line, per capita product is still questioned. When the recession began our living standard had already started to fall as there was a 0.6% shortage in 2008. If you would like to read the remainder of the review entitled Future Prospects of Canadian Economy please continue reading on our homepage.

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Mailpost The case of MailPost is a clear example of an innovative business model, whereby its Unique Selling Proposition (USP) was actually a franchisee investing and having a stake in the MailPost business, thus offering a higher level of guaranteed service than what was available through an employee or contractor model that was the norm. This USP during a GFC also became the "Achilles Heel" as recruitment of franchisees practically came to a standstill. MailPost relied on a recruitment schedule to establish the mailpost letterbox distribution service on a National basis. Whilst the CEO had a track record of positive growth and profits prior to the GFC and maintained a positive attitude towards a solution to get through the crisis, this leader was not supported but was rather asked to step aside. Mailpost There is no doubt that the recent Global Financial Crisis had a huge impact on many CEO's around the world whether their business was established or in a start up phase. Stress levels reached new heights for leaders as the economic pressure were felt. Successful Leaders anticipate change, vigorously exploit opportunities, motivate their followers to higher levels of productivity, correct poor performance, and lead the organisation toward its objectives. A review of the leadership literature, in fact, led two academics to conclude that the research shows consistent effect for leadership, explaining 20 to 45% of the variance on relevant organisational outcomes. Training and the effectiveness of leadership programs vary. They will because the programs themselves are so diverse. Moreover, people learn in different ways. Because some leadership programs are better than others and because some people participate in programs that are poorly matched to their needs and learning style, we should expect leadership-training effectiveness to have a spotty record. So decision makers need to be careful in choosing leadership training experiences for their managers. But they shouldn't conclude that all leadership training is a waste of money. In conclusion we say that leadership training is a more positive feature provided it is imparted to managers who have come up in the organisation to a certain level by their natural ability and the leadership training will definitely hone their skills to achieve much better performance and capable of taking higher responsibilities. --------------------------------
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http://www.youtube.com/peterkritas">Peter Kritas Youtube list business on Google maps cool roof paints asbestos coatings heat reflective coatings ----------------- Peter Kritas says" MAILPOST provides cutting edge promotional print and distribution services to local and regional advertisers." Why do advertisers big and small want to partner with MAILPOST? Because we are the only service provider that guarantees its distribution asks: Peter Kritas "Our Mission is… To support our customer's growth by providing the best value in print and letterbox distribution and ensuring that each targeted household receives their promotional material without fail, each and every time." At MAILPOST we "Walk the Talk" says : Peter Kritas More about Peter Kritas For every 1000 brochures delivered MAILPOST will plant 1 tree MAILPOST takes its Corporate Social Responsibility and the environment seriously. We have designed our business with a clear purpose to protect the environment and reduce our carbon footprint. UPDATE: More PK News: peter kritas training peter kritas video peter kritas lates peter kritas youtube peter kritas on leadership peter kritas organistaion peter kritas links WHO WANTS TO BE A LEADER? LEADERSHIP TRAINING - IS IT NECESSARY? Organisations spend billions of dollars on leadership training every year. They send managers and manager-wannabes to a wide range of leadership training activities, formal MBA programs, leadership seminars, weekend retreats, and even outward bound adventures. They even appoint mentors but much of this effort to train leaders is probably a waste of money. Let's base our thoughts on looking at two fundamental assumptions that underlie leadership training. Mailpost The first assumption is that we think we know what leadership is? Experts cannot agree if leadership is a genetic trait, a characteristic, a behavior, a role, a style, an ability or a learned attribute. Further, they cannot even agree on whether leaders really make a difference in organisational outcomes. For instance, some experts have persuasively argued that leadership is merely an attribution made to explain organisational successes and failures, which themselves occur by chance. Leaders are the people who get credit for successes and take the blame for failures, but they may actually have influence over organisational outcomes. Mailpost The second basic assumption is that we can train people to lead. The evidence here is not very encouraging. We do seem to be able to teach individuals about leadership. Unfortunately findings indicate we are not so good at teaching to lead. Mailpost There are several possible explanations. To the degree that personality is a critical element in leadership effectiveness; some people may not have been born with the right personality traits. A second explanation is that there is no evidence that individuals can substantially alter their basic leadership style. A third possibility is that even if certain theories could actually guide individuals in leadership situations and even if individuals could alter their style, the complexity of those make it nearly impossible for any normal human being to assimilate all the variables and be capable of enacting the right behaviors in every situation. Mailpost Leadership training exists, and is a multibillion-dollar industry, because it works to some degree. Most Leaders would agree that although some knowledge is gained during atraining session, for the most part it is the confidence to lead that is greatly enhanced. Leaders are decision makers which are rational and emotional beings. Mailpost Would a company like General Electric spend literally tens-of-millions of dollars each year on leadership training if it did not expect a handsome return? I don't think so! And the ability to lead successfully is why companies pay CEO's millions and in some case over $100 million to ensure the success of the enterprise. Under their leadership, many companies have experienced spectacular growth including shareholder gains. Mailpost While there are certainly disagreements over the exact definition of leadership, most academics and business people agree that leadership is an influential process whereby an individual, by his or her actions, facilitates the movement of a group of people toward the achievement of a common goal. Ensuring that the group have a culture of working together in a Team spirit and respecting their leader is of prime importance. Mailpost Do Leaders affect organisational outcomes in all situations? For instance, the Global Financial Crisis (GFC) resulted in the collapse of large financial institutions, the bailout of banks by national governments and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. Mailpost It contributed to the failure of key businesses, declines in consumer wealth, substantial financial commitments incurred by governments, and a significant decline in economic activity. Many causes have been proposed, with varying weight assigned by experts. Both market-based and regulatory solutions have been implemented or are under consideration, while significant risks remain for the world economy over the 2010-2011 periods. Mailpost National business's like MailPost (franchised delivery Network) and many others in a start up phase launched their services during the GFC. In this case a high growth cycle practically came to a standstill. Mr Peter Kritas, the CEO and founder of MailPost Australia Limited from July 2006 till March 2009, was asked to step aside and allow new management to take over the Leadership of MailPost during a very critical period. During difficult situations, it is not uncommon to lose confidence in the Leadership and change management to try and fix the situation. This sort of behaviour should always be exercised with caution as it can do more harm than good. There are clearly some business situations that are beyond any Leaders ability to rectify and wasting time and resource in a change of management is not the best option. In many cases Leaders need more support during a crisis from their management Team to maintain confidence.
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