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COLUMNS | RESEARCH | MONITOR | WATERCOOLER | EVENTS

Published Tuesday January 16, 2018
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COLUMNS

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U.S. Tax Reform - Part 1 of 6

Tax Reform Becomes Reality: What Does It Really Mean For Canadians?

by Julia Klann

In early November 2017, the House’s Ways & Means Committee introduced a tax bill that most believed would not be become law. In the course of little more than a month’s time, the House and Senate both marked up and passed bills introducing tax reform legislation, then negotiated and released a joint bill combining their two bills on December 15th. Just a mere seven days later, the bill was passed in the House and the Senate and President Trump signed the bill into law.

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Leadership

4 Ways to Combat Lukewarm Leadership

By Brian Braudis

The CEO of a software firm was tasked with a major change initiative after a large and lengthy acquisition. The Board of Directors wanted to see a definitive integration plan that included a timeline, and an organizational management plan that would ensure the merging of cultures and continued growth for the long-term.

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Food

The genius of Loblaws' $25 gift card campaign

Loblaws uses $25 gift card campaign to atone for price-fixing scheme - By Sylvain Charlebois

Loblaws' gift of $25 to all Canadians is really just part of a smoke-and-mirrors campaign. In December, Loblaws confessed to running a price-fixing scheme on bread with supplier Weston Bakeries, a sister company. As of Jan. 8, anyone can go online and register for a $25 gift card, to be redeemed at any Loblaw Companies Ltd.-owned stores. While some are saying that gift cards are a good start, others say the amount is not nearly enough to properly compensate consumers for how much more they would have had to pay for bread.

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Harming the Canadian Economy

Scaling back CEO pay will drive top talent away

Introducing new regulations and taxes to diminish executive pay will ultimately damage the Canadian economy - By Jason Clemens and Joel Emes

Along with the perennial new year resolutions, January also typically features a swath of commentaries decrying the pay of chief executive officers and demands for new regulations and taxes. But these calls for ever-larger government interventions on entrepreneurs and businesses miss the bigger picture - and risk harming the Canadian economy.


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RESEARCH & FORECAST

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Health

Energy drinks can negatively impact health of youth

Over half of Canadian youth and young adults who have consumed energy drinks have experienced negative health effects as a result, according to a study from the University of Waterloo. In a nationwide survey of Canadian youth, over half of those who had ever consumed an energy drink had reported experiencing an adverse health event, including rapid heartbeat, nausea, and in rare cases, seizures.

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Top Canadian Destinations

Canada's vacation rental market gains momentum with a 74% increase in trips booked in 2017

2017 data, highlighting marketplace growth and Canada's key vacation rental trends

CanadaStays released its 2017 Canadian Vacation Rental Year in Review, highlighting the country's growing demand for vacation rentals. The number of trips taken on the platform increased by over 74% in 2017, with Canadian travellers booking more vacation rentals across Canada and internationally.

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Head Trauma

Research uncovers new link between head trauma, CTE and ALS

Researchers at Western University have uncovered a unique neurobiological pathway triggered by head trauma which underlies both Chronic Traumatic Encephalopathy (CTE) and amyotrophic lateral sclerosis (ALS or Lou Gehrig’s Disease).

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Climate Change & Sport

Climate change will limit where the Winter Olympics can be held

Climate change is threatening the viability of the Winter Olympics, according to a study by a multinational team of researchers led by the University of Waterloo. The study, featuring researchers from Canada, Austria and China, found that if global emissions of greenhouse gases are not dramatically reduced, only eight of the 21 cities that have previously hosted the Winter Olympics will be cold enough to reliably host the Games by the end of this century.

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Commercial Office Space 2018

2018 North America and Europe commercial real estate forecast

Change and opportunity will abound in 2018; Calgary posted the highest vacancy rate (23.1%); Winnipeg the lowest (6.6%), and Waterloo Region the biggest change (+500 bps to 16.6%). Canadian markets were standouts. Vancouver, Toronto, Winnipeg and Ottawa claimed four of the 10 lowest vacancy rates in 2017. Joining these markets in 2018 will be the Waterloo Region.

Rapid change is underway in the world's commercial real estate industry, and the dynamics are in flux as the current investment cycle enters its latter stage. The industry continues to contend with differing property fundamentals across asset types, markets and regions, with occupier behaviour, innovation and technology acting as key sources of change that are taxing the sector. The current interest-rate environment is another contributor to this change – albeit a somewhat limited factor.

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Internet Porn

Digital technology is helping women to explore their sexuality

Women who consume Internet pornography are using technology to explore their sexuality and connect with others to discuss their sexual interests, according to research from the University of Waterloo. The qualitative study involved in-depth discussions with 28 women across the spectrum of sexual identities who had consumed online erotic material. Through the interviews, researchers found that pornography encouraged women to embrace their sexuality and that digital technology has helped them to connect with others to discuss issues such as new sexual practices and the use of sexual aids.


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MONITOR

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New Digs

Kitchener/Waterloo welcomes Deloitte Canada to their new home in the Innovation District

Linda Blair (left), Managing Partner, ontario and Peter Barr (right), Managing Partner, Waterloo and Western Ontario Deloitte Canada unveiled their newest office in the heart of Kitchener-Waterloo’s Innovation District. As an integral part of the business community and a large employer in the region for more than 60 years, Deloitte’s newest location exemplifies its dedication to local growth, renewal, and the advancement of the Toronto-Waterloo Region Corridor.

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Tourism

2017 International Tourism Results: the highest in seven years

In North America (+2%), robust results in Mexico and Canada contrasted with a decrease in the United States, the region’s largest destination.

International tourist arrivals grew by a remarkable 7% in 2017 to reach a total of 1,322 million, according to the latest UNWTO World Tourism Barometer. This strong momentum is expected to continue in 2018 at a rate of 4%-5%.

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Global Threats

Cybersecurity Threats Outpacing Abilities of Governments and Companies

The report covers access to sensitive data, rules for private companies to respond to cyber-threats, dissemination of threat intelligence and policies regulating encryption; Report provides 12 case studies — including Google’s Project Zero, the Department of Homeland Security’s Automated Indicator Sharing, and the United Kingdom’s Operation Waking Shark

Cybersecurity threats are outpacing the ability to overcome them unless all stakeholders begin to cooperate. The increasingly networked, digitized, and connected world is vulnerable to cyber-threats that can only be addressed by the combined capabilities of the public and private sectors, according to a new report by the World Economic Forum in collaboration with The Boston Consulting Group (BCG). Cyber Resilience: Playbook for Public-Private Collaboration is a tool to facilitate capacity-building, policies and processes necessary to support collaboration, safeguard cyberspace and strengthen cyber-resilience.

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Economic Survey

Canadian Tax Reform and Balanced Federal Budgets

A review of the country's tax system and setting a target date for a return to balanced federal budgets are endorsed by professional accountants in leadership positions, according to a new survey conducted for Chartered Professional Accountants of Canada (CPA Canada).

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Financial Fitness

One-in-five Canadians has a credit card balance larger than savings account

Upcoming month between today and Valentine's Day is often considered the "saddest time of year"

A national survey, commissioned by Financial Planning Standards Council (FPSC) and Credit Canada reveals that more than half (53%) of Canadians are already feeling financially blue, with the younger generations especially struggling.

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Economic Development

Manufacturing Transformation Set to Create a Two-Speed World

New framework assesses how well-positioned global economies are to shape and benefit from changes in production being driven by the Fourth Industrial Revolution; Japan is leading globally in current baseline of production; United States is best positioned to capitalize on the Fourth Industrial Revolution to transform production systems

A new report launched today by the World Economic Forum reveals that only 25 countries are in the best position to gain as production systems stand on the brink of exponential change. Recognizing the impact of the Fourth Industrial Revolution and emerging technologies on new production systems and business models, the Readiness for the Future of Production Report 2018, developed in collaboration with A.T. Kearney, provides a snapshot of today’s global production landscape along with potential responses.


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WATERCOOLER

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Federal Mess

Executive director quits inquiry

Lori Campbell, Waterloo Aboriginal Education Centre executive director of the federally funded commission examining missing and murdered Indigenous women and girls. Lori Campbell identifies as Cree/Metis, is from the Sixties Scoop and is an intergenerational survivor of the Indian Residential School system. She is the director of the Waterloo Aboriginal Education Centre (WAEC) and the director of Indigenous initiatives at Waterloo. A goal of WAEC is to educate the public about the treatment of Indigenous people in Canada throughout history, a necessary component of reconciliation. “The MMIW inquiry has been a mess since its inception because it is trying to merge two different sets of expectations. First, and the most vital, is the expectations of the families from which the MMIW originate who want not only to share their stories but also to seek out justice from the system of power that continues to support the ongoing rise in numbers of MMIW. The second, is the interest of the government who is willing to hear the stories, but only in the format and following the parameters they set forth." said Lori Campbell.

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Arts & Culture

Local film industry gets boost with state of the art film studio and equipment company partnership.

Lighthouse Equipment Inc. and Commons Studio – part of local non-profit The Working Centre – have partnered to provide state of the art studio space, editing suites, and film equipment rental previously available only in much larger cities. “The co-operation of the two organizations is unique in the film business” states Tony Smith, one of the founders of Lighthouse Equipment. Everything needed to produce independent films, music videos, corporate videos, and commercials is available at the centrally based facility at 256-B King St E, Kitchener.

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Record Year

Annual Turkey Drive Campaign Raises Record Amount of $380,000

It should come as no surprise to anyone that when called upon, the people of Waterloo Region delivered in helping their neighbours. The final numbers are in, and the Kitchener - Conestoga Rotary Club is happy to announce it has raised a record amount of $380,000 this year, exceeding the campaign target of $375,000. This money is used to buy turkeys and food to support House of Friendship’s Christmas Hamper program.

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Culture Vs Food

THEMUSEUM Not Lovin’ McDonald’s Recent Ad Campaign

Heat Lamp Burger or Fresh Exhibits? You Decide!

A McDonald’s ad has reaffirmed just how valuable THEMUSEUM and other cultural organizations are to the community. It has also prompted THEMUSEUM to extend an offer to the restaurant chain. The 15-second spot features a woman playing the role of a museum guide. “There were dinosaurs and then there weren’t,” she says. “OK, then, exit through the gift shop.” The franchise then suggests that $5.00 is better spent at one of their chains than at a cultural institution.

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Energy

Ontario Sustainable Energy Association Announces Nominees of 8th Annual Powering for Prosperity Ontario Sustainable Energy Awards

Dana Decent – Manager, Intact Centre on Climate Adaptation, University of Waterloo up for Leader of the Year

On Thursday, February 8, 2018, hundreds will gather at the Fontana Primavera Event Centre (77 Woodstream Boulevard, Vaughan, Ontario) to celebrate nominees of the 8th Annual Powering for Prosperity Ontario Sustainable Energy Awards, hosted by award-winning comedian, actress and author Carla Collins.



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EVENTS

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January 18, 2018

Thought Leader in Climate Change Resilience to Address Community at the Guelph Economic Leadership Forum

On Thursday January 18, 2018, the Guelph Chamber of Commerce in partnership with TradeForce Tech will host the ‘Guelph Economic Leadership Forum: On Climate Change: Managing Risk and Building Resilience.’ Noted thought leader and President & CEO at The Co-operators, Rob Wesseling will be the keynote speaker.

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January 26, 2018 - Lunch Event

Centre for Family Business - What can Communitech do for Family Business?

Avvey Peters is Vice President, Partnerships with Communitech. She focuses on strategic communications, advocacy, and partnership development to advance the Waterloo Region tech sector. Avvey is also cross-appointed as Managing Director of the Canadian Digital Media Network – a group of 26 innovation hubs across Canada, which focus on supporting the growth and success of small and mid-sized digital companies across the country.

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February 1, 2018

CELC Employer Recognition Event - EVENT CANCELLED

The Community Employment & Literacy Committee is hosting its second annual CELC Employer Recognition Event. This event recognizes employers who have gone above and beyond to support meaningful employment opportunities including but not limited to offering work experiences, training, and employment opportunities.

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February 13, 2018

Child Witness Centre Host Pancake Lunch

Tuesday, February 13th marks the 20th Anniversary of the Child Witness Centre's Annual Pancake Lunch fundraiser. It's a highly-anticipated event that provides an opportunity to enjoy some networking with your colleagues, get together with friends or take your staff or clients to lunch while knowing that your attendance will make a significant difference in the lives of children and youth who have been victims or witnesses of abuse or crime.

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Thursdays After Hours

Night(s) At THEMUSEUM

Unique Experience Starts… When The Doors Close

MAD (Museum After Dark) is for those looking for something a little different; something that kicks off as night falls and has the exclusivity of an after-hours soiree. Step out of your comfort zone for a truly INTEResting experience this New Year. THEMUSEUM’S multi-model art exhibition INTERACTION features drop-in programming geared toward the Region’s young professionals. And by young professionals, we mean those who are 19+ as INTERmix will have you slinging drinks faster than Tom Cruise in Cocktail.

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