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July home sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were down 16.8 per cent compared to last month and down 10.6 per cent compared to July of last year. A total of 504 residential properties sold in July compared to 564 in the same month last year. On a year-to-date basis, there have been 3,601 home sales during the first half of the year, a decrease of 18.0 per cent. “The story for July is largely more of the same that we’ve been seeing for most of 2018,” says Tony Schmidt, KWAR President. “The number of sales has decreased from what we were seeing the past couple of years to more typical levels, but the value of homes not only remains steady but continues to gradually increase.”
Financial leaders continue breaking the mold and expanding their influence throughout their organizations. In a Robert Half Management Resources survey, finance executives in Canada most frequently reported their roles have grown over the past three years to include more human resources (37 per cent) and information technology (36 per cent) efforts.
Chart of the Week - to a Trillion and beyond!
Joan was sitting at a round table when a hand descended over her right shoulder and slapped a piece of paper down on the wooden surface. A permission slip lay before her. Joan wondered, “Why do I need a permission slip?” She glanced up at her colleague, Cheryl, who said, “It’s a permission slip. You’ve been thinking about honing your presentation skills for decades. Why haven’t you?”
Learning to adapt to the growing gig economy
With the North American Free Trade Agreement (NAFTA) negotiations on the minds of so many businesses in Guelph, the Guelph Chamber of Commerce issued a letter to the Minister of Foreign Affairs, Hon. Chrystia Freeland. The letter came as a direct action from a recent roundtable of local businesses as well as feedback the Chamber of Commerce received following the conclusion of the ‘Guelph Economic Leadership Forum: on the North American Free Trade Agreement (NAFTA)’ in the spring.
The trade deficit declined to -CAD 0.6bn in June from -CAD2.7bn, and was smaller than the expected -CAD2.3bn. In additione exports rose by 4.1% in the month on increased volumes and higher export prices. Imports fell by 0.2% month-on-month and US tariffs on steel and aluminium led to a 23.2% drop in real exports of iron and steel. The trade deficit narrowed to -CAD 0.6bn in June, from -CAD 2.7bn prior. The consensus expectation was for a trade deficit of -CAD 2.3bn.
Canadians for Justice and Peace in the Middle East (CJPME) urges Canada to hold firm to its critique of Saudi Arabia, maintaining a principled stand for human rights activists who have been wrongfully imprisoned by the Saudi monarchy. Late last week, Global Affairs issued a statement calling on the Saudis to release arrested civil rights activists, including women’s rights activist Samar Badawi – the sister of imprisoned Saudi blogger Raif Badawi. The Saudi monarchy has reacted by expelling Canada’s ambassador and freezing new trade deals between the two countries. CJPME urges the Canadian government not to back down on its criticism of Saudi Arabia’s human rights record.
Are professionals living to work or working to live? A new survey shows it's more of the latter these days. More than two-thirds (69 per cent) of workers polled said they've achieved a good to excellent work-life balance. Thirty-five per cent think it's getting better compared to three years ago.
Joan was sitting at a round table when a hand descended over her right shoulder and slapped a piece of paper down on the wooden surface. A permission slip lay before her. Joan wondered, “Why do I need a permission slip?” She glanced up at her colleague, Cheryl, who said, “It’s a permission slip. You’ve been thinking about honing your presentation skills for decades. Why haven’t you?” “Why hadn’t I?” Joan thought. She was right. It was her choice to dream but never act. It was her choice to exist but never take the risks to improve her life. Joan was expected to give presentations at work. Her presentation style was somewhat lacking—she sometimes appeared nervous, and it was obvious to others that it wasn’t an area in which she was particularly confident.
Responding to Saudi Arabia’s announcement, on August 5th, of diplomatic and trade measures against Canada, in retaliation for recent Canadian government calls for prisoners of conscience to be freed in the country, Amnesty International Canada said the aggressive action points to an urgent need for greater international pressure for genuine and lasting human rights reform in Saudi Arabia."
Gore Mutual Insurance Company has generously supported the THE MUSEUMS "School Bus Program". A program where transportation is provided to students who would otherwise not be able to afford a field trip. “We’ve repeatedly heard from a number of educators in Waterloo Region that the barrier for students to attend field trips is the cost of buses,” said Paige Phillips, the Director of Development & Membership at THEMUSEUM. “The support from Gore Mutual Insurance has eliminated that financial strain, making THEMUSEUM more accessible to students so they may enjoy a learning experience outside of the classroom.”
The Government of Canada is committed to ensuring that Canada's border is managed in a way that keeps Canadians safe and upholds Canada's global responsibility to protect those fleeing persecution in the world. The Bill Blair, Minister for Border Security and Organized Crime Reduction, met with Toronto Mayor John Tory to discuss further details about the assistance the Government of Canada is providing to temporarily house asylum seekers.
Mergers and acquisitions (M&A) activity in Canada hit CA$93 billion in the first half of 2018 primarily due to a surge in deals in the cannabis, energy, and real estate sectors, according to PwC Canada's recent 2018 M&A mid-year review and outlook report. Despite turbulent Canada-US trade talks and uncertainty around tariffs, sound underlying market dynamics such as available capital are likely to continue to stoke strong deal activity in the second half of the year.
The Guelph Chamber of Commerce, in cooperation with the International Trade Council, is excited to announce the 2018 Trade Mission to the United Arab Emirates. The United Arab Emirates is located in the heart of the crossroads of the trade routes of East and West, Europe and Asia. The UAE is Canada’s 20th largest destination for exports worldwide, and its largest export destination in the Middle East.
One of the most delicious events in the region is fast approaching on Friday August 10 to Sunday August 12 in Riverside Park, Cambridge. Enjoy FREE Admission, Parking, Entertainment & KidZone at this popular family-friendly event. A donation to Rotary is greatly appreciated.
Toronto – Canada is leading the way in breakthrough technologies in the rapidly-growing apparel and textile industry, with many innovations set to be unveiled to the public at the upcoming Apparel Textile Sourcing Canada (ATSC) show, August 20-22, 2018 in Toronto.
The Canadian health and safety landscape is constantly changing. Whether it’s new legislation, innovations in technology, quality and safety standards, changing demographics or workplace culture, today’s health and safety community is challenged with staying ahead of the curve.