Thursday December 27, 2018
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MONITOR

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Entrepreneurship

The real reason female entrepreneurs get less funding

Dana Kanze is a doctoral fellow at Columbia Business School where she applies behavioral insights to understand sources of inequality in entrepreneurship.

Women own 39 percent of all businesses in the US, but female entrepreneurs get only two percent of venture funding. What's causing this gap? Dana Kanze shares research suggesting that it might be the types of questions start-up founders get asked when they're invited to pitch. Whether you're starting a new business or just having a conversation, learn how to spot the kinds of questions you're being asked -- and how to respond more effectively.


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Tax Grab

Ontario Leads Growing Opposition to the Federal Carbon Tax

Premier's Office announces New Brunswick joins Saskatchewan to Support Ontario’s Case Against the Unconstitutional Disguised Tax

Ontario's Government for the People is gaining support across Canada in its fight against the federal government's unconstitutional carbon tax. In addition to the Province of Saskatchewan, the Province of New Brunswick has now also joined Ontario's challenge to the federal government's Greenhouse Gas Pollution Pricing Act, which the Premier's office calls "an unconstitutional, disguised tax".


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Consumers

Almost half of Ontarians anticipate feelings of anxiety and regret over holiday-spending bills

As the shopping rush reaches peak intensity before the holidays, a local debt expert is warning Ontarians to avoid taking on more debt or payday loans, as they try to cope with the pressures of last minute gifts and Christmas grocery shopping.

Ontarians admit to bad financial habits including:

• Being lured in by deals or offers by companies on days such as Black Friday, Boxing Day, etc. (16%)
• Paying only the minimum balance on a credit card (20%) or line of credit (18%)
• Borrowing money they can’t afford to pay back quickly (15%)
• Making a major purchase on credit without paying it off right away (13%)
• Buying something on credit that requires no payments for a while (8%)




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GDP & Retail Sales

Economy perks up in October, but consumers remain cautious

GDP beat expectations in October, even as retail sales came in weaker than anticipated; The economy had a bit more momentum than expected at the start of Q4, but still looks on pace to expand by 1.3%; The weak retail sales data suggest that households are responding to higher rates and rising debt service costs

GDP rose by 0.3% m-o-m in October. This was above the consensus expectation of a gain of 0.2%. Even with the upside surprise, GDP growth was as expected at 2.2% y-o-y. In the month there were 0.3% gains among both goods-producing industries and services-producing industries.


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Emerging Astronomers

New fellowships to fuel fundamental physics with radio telescopes in Canada

Perimeter Institute and Canada’s National Research Council have created a pair of postdoctoral fellowships for exceptional emerging radio astronomers. As radio astronomy enters a transformative new era, Perimeter Institute and Canada’s National Research Council (NRC) have launched two new fellowships to accelerate the research of young scientists conducting theory, data analysis, or instrument development.





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Business Outlook

Business sentiment declines slightly in Q4

Business sentiment declined in Q4, but the drop was quite modest; Firms continue to see signs of solid foreign demand, tight labour markets, and lingering capacity constraints; Firms in Western Canada, which are more exposed to oil prices, are more cautious than firms elsewhere

The Business Outlook Survey (BOS) was conducted from 5 November through 28 November. This is notable as it covers a period when one of Canada's main oil price benchmarks, Western Canada Select, was under intense pressure that eventually pushed the price, temporarily, below its February 2016 low. Through November, there was an increasingly urgent debate as to what should be done to respond to oil market developments. Eventually, in early December, the Alberta Provincial Government announced a mandated decline in oil production to start in January 2019.


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Transportation

Uber's self-driving cars return to Toronto roads in manual mode

Uber Advanced Technologies Group resumes manual driving of its autonomous vehicles in Toronto. The Company has made progress on the expansion of its self-driving R&D lab in the city.

Uber Advanced Technologies Group ("ATG") is returning to Toronto roadways with its self-driving cars in manual mode following the recent release of its self-driving Safety Report and summary of its top-to-bottom internal safety review. Starting today at 9:00 am ET, self-driving vehicles will begin manual driving with a Mission Specialist sitting behind the wheel controlling the vehicle at all times on city roads and highways near the Company's self-driving research and development hub located in the MaRS building. A second Mission Specialist will sit in the passenger seat. These vehicles will be driven in Toronto to collect data and fuel novel AI technology, automated mapping, and mapless driving research efforts.


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Cohort Study

Study shows being shorter is associated with increased mortality in critically ill patients

A study of more than 400,000 critically ill adults in the UK, published in Intensive Care Medicine, shows that being shorter is associated with increased hospital mortality. The study is by Dr Hannah Wunsch Department of Critical Care Medicine, Sunnybrook Hospital, Toronto, ON, Canada, and colleagues at the University of Texas San Antonio, and the Intensive Care National Audit and Research Centre (ICNARC) in the UK.





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Outlook 2019

Business Outlook Survey—Winter 2018

Results from the winter Business Outlook Survey continue to indicate positive business sentiment and elevated capacity pressures in most regions. For firms in the Prairies, the outlook has weakened. The indicator on past sales growth is positive and higher than in the autumn survey, pointing to the generalized view that firms’ sales grew at a faster pace over the past 12 months. Conversely, over the next 12 months, firms expect sales growth to stabilize, as indicated by the balance of opinion near zero.


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Budget

City of Kitchener seeks input on proposed 2019 budget

Kitchener – The City of Kitchener is seeking public input on its proposed 2019 budget, which will be considered by council throughout January. The proposed property tax increase of 2.3 per cent is below Ontario’s rate of inflation, and the review of 2018’s actuals versus budget is projecting a small surplus.


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Global Gender Equality

Canada announces funding to empower women and youth in Senegal

New MEDA project to support sustainable farming and business practices

Federal Minister Bardish Chagger announced funding for a new five-year project with MEDA that will improve the economic resilience of women and youth farmers in Senegal. The project, valued at close to $18 million, will encourage farmers in the Sedhiou and Tambacounda regions of Senegal to adopt innovative technologies and best practices to ensure that their agricultural and irrigation practices are climate friendly. This will directly benefit 15,000 women and youth and improve the economic resilience of over 150,000 people in the region.


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WATERCOOLER


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Exploration

The C-Space Project Opens Mars Base as a Space Education Facility

The Ultimate Space Immersion

Mars Base, Jinchang, Gansu Province

The C-Space Project recently unveiled its Mars Base set in the Gobi Desert, leaving many curious about its objectives. The C-Space Project, where the C stands for Community, Culture and Creativity, is an education facility for Chinese teenagers. It will teach them about space exploration and living on Mars. It plans to open to the public worldwide while aiming for the same objective.


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Transportion

Canadian Ultra-Low-Cost Airline to Take Off in 2019

An investor group led by Tim Morgan, announced that it will launch a Canadian ultra-low-cost-carrier (ULCC) service in 2019, bringing affordable, low-cost air travel to millions of Canadians by this time next year. Backed by significant financial commitments from a consortium of Canadian investors and Indigo Partners, LLC, a leading private equity firm specializing in the aviation industry, Enerjet, a licensed Canadian carrier, will be rebranded, expanded and transformed into an affordable air-travel choice for Canadian travelers. This Canadian ULCC will offer a simple, ultra-low-cost fare structure and an extensive network of destinations across Canada and into the US. Terms of the transaction, which closed today, were not disclosed.


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EVENTS

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Environment

Join a local Christmas Bird Count this holiday season!

Ontario Nature member groups are hosting counts across Ontario

Each year, bird lovers welcome winter by joining a Christmas Bird Count. It’s a great way to explore nature while helping our feathered friends and is a part of many families’ holiday traditions. The Christmas Bird Count began in 1900, and today it is North America’s longest-running wildlife census. The one-day bird census is conducted by volunteers of all ages and skill levels. Many local counts are organized by birding and nature clubs, and everyone is welcome to attend free of charge.


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Educational Leadership

Leadercast

The World’s Largest Leadership Event Returns to Cambridge

The world’s largest leadership event is back by popular demand! Drayton Entertainment and the Cambridge Chamber of Commerce will once again team up to host Leadercast, an educational event aimed at developing leaders across all industries and at any career level, so they are better equipped to take on the next challenge and inspire others. The 2019 event will be streamed live at the Hamilton Family Theatre Cambridge on Friday, May 10.




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Copyright, 2018