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Published Tuesday January 17, 2017
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MONITOR

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Joining Forces

United Way Waterloo Region Communities unveils mandate to affect change

A new organization to improve people’s lives across every corner of the region

Waterloo Region - With the belief that you stand to make the greatest impact by working together, United Way Cambridge and North Dumfries and United Way Kitchener Waterloo & Area announced the organizations are joining forces as United Way Waterloo Region Communities.

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Ontario's GDP

Ontario Economy Continues to Grow in Third Quarter of 2016

Ontario released the Economic Accounts for the third quarter of 2016 last Friday, confirming the province's economy is growing at a steady pace.

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Engineering Building 7

Government of Canada commits $32.6 million for new Waterloo Engineering building

Waterloo - The federal government announced it will contribute $32.6 million for the construction of a state-of-the-art engineering building at the University of Waterloo. Minister of Small Business and Tourism Bardish Chagger, MP for Waterloo, announced the funding under a program to update research and innovation infrastructure.

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Arts & Culture

Region of Waterloo Arts Fund awards six 15/150 Grants plus the regular 18

Waterloo Region - The Region of Waterloo Arts Fund announces a total of 24 grants of $165,800 in response to proposals submitted by artists and arts organizations throughout Waterloo Region.

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LEEP

Investment in Modern and Energy Efficient Facilities for Laurier Students

The province is investing in modern and sustainable facilities at Wilfrid Laurier University that will better support students as they acquire the skills they need for the jobs of today and tomorrow.

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Economy

Rotary Club of Kitchener Hosts Sousa, Minister of Finance

Minister Sousa Addresses the Kitchener-Waterloo Business Community, Receives Input to Help Shape 2017 Budget

Charles Sousa, Minister of Finance, spoke yesterday at the Rotary Club of Kitchener about the government's plan to grow the economy, create jobs and help more people benefit from the province's strong economic growth.

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Film Industry

From Porn Star to Bollywood Princess: Locally produced film Mostly Sunny making international waves

Renewing Calls For Government Support of Regional Film Industry

Waterloo – Local production studio Ballinran Entertainment is bringing its internationally-acclaimed documentary back to Canada when Mostly Sunny screens at the Original Princess Cinema in Waterloo on January 19, 2017 at 9 p.m. The film has been making headlines around the world since its premiere in September of last year at the Toronto International Film Festival (TIFF) and several other prestigious international festivals. The Waterloo screening will open with a special presentation by the documentary’s Stratford-based production team.

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Appointment

Winery & Grower Alliance of Ontario appoints new President & CEO

Niagra - Del Rollo, Chair of Winery & Grower Alliance of Ontario (WGAO) is pleased to announce the appointment of Aaron Dobbin as President & CEO effective January 30, 2017.

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Tourism

The evolution of Canadian tourism, 1946 to 2015

As Canada invites the world to its 150th birthday party, we remember the country's last big birthday bash—its centennial back in 1967, when Montréal hosted the International and Universal Exposition, a milestone for Canadian tourism. This month's edition of Canadian Megatrends, "The evolution of Canadian tourism, 1946 to 2015," offers a look at travellers to and from Canada from 1946 to 2015.

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Family Business

Strong Growth Forecast for Canadian Family Businesses: 89% expect to grow over the next five years

65% of Canadian family businesses are confident their strategy meets the needs of the digital age

Toronto - Despite economic uncertainty, almost two thirds (64%) of family businesses have grown over the past year, according to the PwC 2016 Global Family Business Survey. While Canadian family businesses are confident about the future, the biggest concern on the minds of family business leaders is a lack of focus on strategic planning to ensure future growth. The majority (95%) of Canadian family businesses say that securing their long-term future is key to success in the next five years. However, most companies are too focused on day to day operational activities to plan for the future.

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Award Recognition

2017 Family Enterprise Of The Year Award

Larsen & Shaw Limited announced as Southwestern Ontario Award Recipient

London – The Family Enterprise Xchange (FEX) is proud to announce Larsen & Shaw Limited as the Southwestern Ontario Family Enterprise of the Year Award (FEYA) recipient! Larsen & Shaw Limited, and three finalists: Nash Jewellers, Yurek Pharmacy, and Aylmer Express, are being celebrated at the 13th annual Family Business Day celebration on March 2nd 2017.

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Debt

Insolvency Trustee offers Kitchener and Waterloo residents advice for recovering from the post-holiday debt trap

Kitchener - While the debate goes on as to whether yesterday's Blue Monday is truly the most depressing day of the year, for those indebted Kitchener and Waterloo residents now receiving their holiday credit card bills, there is no doubt January can be a very stressful time of year. A recent poll found that nearly a third of Canadians carry their debt forward on credit cards, and this fact compounded with the record high household debt levels means many will struggle to pay down their debts in the new year.

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Corporate Giving

Economical helps Canadians prepare for disasters with $450,000 commitment to the Canadian Red Cross

Providing training to help thousands of Canadians manage first 72 hours of disaster

Waterloo — With natural disasters happening at an increased frequency and severity, now more than ever, Canadians need to be able to successfully cope when disaster hits. The Insurance Bureau of Canada recently reported that the record insured damage valued at $4.9 billion in 2016 is part of an upward trend that shows no signs of stopping, and is having a staggering effect on our communities across the country. This serves as a powerful reminder of how important it is to be prepared before catastrophe strikes.

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Nationally Recognized

Region of Waterloo’s long term care home receives first perfect score in quality and safety audit

Waterloo Region – For the first time ever, Sunnyside Home has achieved a perfect score in a nationally recognized quality and safety audit, giving the Region’s long term care home exemplary standing.

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Education

Laurier remains a top choice for prospective students as first-year applications grow for third year in a row

Waterloo – Wilfrid Laurier University continues to be a top choice for students seeking an outstanding, high-quality university experience, according to application numbers released by the Ontario Universities’ Application Centre (OUAC).



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DEVELOPMENTS

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Start & Scale

Laurier Start@SIVC program supports the launch of social ventures

Waterloo – Ready to start or scale a social enterprise? The Schlegel Centre for Entrepreneurship and Social Innovation at Wilfrid Laurier University is now accepting applications for a new program called Start@SIVC. At Laurier’s Waterloo campus, the program is specifically designed to meet the needs of female social entrepreneurs. The program aims to provide participants with the mentorship and confidence-building resources they need to succeed.

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Canada Games Bid

Get Behind The Bid

Waterloo Region - With the decision just over two months away, several high profile athletes are throwing their support behind the Waterloo Region’s bid to bring the 2021 Canada Summer Games to the area. And, they are calling on everyone in the region to get behind the bid right away.

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Quality of Life

Weak and Unequal Recovery: Five-Year Average Decline in Living Standards in Advanced Countries Highlights Need for New Growth Model

World Economic Forum report proposes new economic growth framework to widen social inclusion. Finds annual median per capita income declined across all advanced countries by average rate of 2.4% over the past five years, and growth per capita averaged less than 1%.

Davos-Klosters, Switzerland – The World Economic Forum today issued a report proposing a shift in economic policy priorities to respond more effectively to the insecurity and inequality accompanying technological change and globalization. The Inclusive Growth and Development Report 2017 concludes that most countries are missing important opportunities to raise economic growth and reduce inequality at the same time because the growth model and measurement tools that have guided policymakers for decades require significant readjustment.

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Is Big Good or Not?

Big Business Is Here to Stay, but in Need of a New Narrative

Consumers are increasingly uneasy with the immense size and power of big business; The giants of world business are challenged to manage their enormous scale, create new products and contribute to society; Innovation requires a focus on the long term, especially in terms of investment

Davos-Klosters, Switzerland – Gigantic corporations lead in business today: fewer than 10% of public companies worldwide account for 80% of all corporate profits. But the giants of world business are challenged to manage their enormous scale, create new products and contribute to society, agreed leaders of global manufacturers, technology companies and banks in a session on the opening day of the World Economic Forum Annual Meeting.

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Real Estate

2017 North America, U.K. and Germany commercial real estate forecast

Taking a long-term view helpful in a year of structural change in the commercial real estate sector

Toronto - The commercial real estate industry ended 2016 as it began – with low interest rates, low cap rates and moderate GDP growth in most nations – but it does not feel like the same environment heading into 2017. Rising protectionism and political unrest have introduced a healthy dose of fear and skepticism as to where we are in the current market cycle and what comes next. Despite job growth, improving market fundamentals and superior yields to alternative investments, commercial real estate owners, occupiers and investors disagree about how long this cycle could – and should – continue. It is the seventh inning, but how long is this ball game?

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Global Strategy

Industry Rallies Behind Plan to Recycle 70% of Plastic Packaging Globally

Over 40 industry leaders endorse a global action plan on plastic packaging production, use and after-use The plan, laid out in a new report, The New Plastics Economy: Catalysing Action launched by the World Economic Forum and the Ellen MacArthur Foundation would see global recycling rates for plastic packaging grow from just 14% currently to 70%

Davos-Klosters, Switzerland - Over 40 industry leaders from the global plastics value chain have rallied behind a new plan to tackle plastics waste, which could increase recycling from just 14% today, to over 70% of total plastic packaging. The plan is presented in The New Plastics Economy: Catalysing Action, a report by the World Economic Forum and the Ellen MacArthur Foundation. The organizations calculated last year that there could be more plastics than fish (by weight) in the ocean by 2050 if no action is taken immediately.

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Denny's Acquired

The Co-operators acquires Denny's Insurance

Guelph - Co-operators General Insurance Company announced that its wholly-owned subsidiary has purchased Denny's Insurance located in Acton, Ontario. The brokerage's portfolio includes personal and commercial insurance policies.





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TALKS

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Race, Class & Gender

Sisonke Msimang: If a story moves you, act on it

Stories are necessary, but they're not as magical as they seem, says writer Sisonke Msimang. In this funny and thoughtful talk, Msimang questions our emphasis on storytelling and spotlights the decline of facts. During a critical time when listening has been confused for action, Msimang asks us to switch off our phones, step away from our screens and step out into the real world to create a plan for justice. Sisonke Msimang untangles the threads of race, class and gender that run through the fabric of African and global culture.

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Research

Alejandro Sánchez Alvarado: To solve old problems, study new species

Nature is wonderfully abundant, diverse and mysterious — but biological research today tends to focus on only seven species, including rats, chickens, fruit flies and us. We're studying an astonishingly narrow sliver of life, says biologist Alejandro Sánchez Alvarado, and hoping it'll be enough to solve the oldest, most challenging problems in science, like cancer. In this visually captivating talk, Alvarado calls on us to interrogate the unknown and shows us the remarkable discoveries that surface when we do. Alejandro Sánchez Alvarado wants to understand the how and why of tissue regeneration.





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COLUMNS

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Marketing Boards

Could Trump save the Canadian dairy industry from itself?

Canadian dairy producers have long refused to admit that the system fails the dairy supply chain and consumers - By Sylvain Charlebois

HALIFAX, N.S. - The great Canadian dairy crisis could be coming to a head. Donald Trump, as the 45th president of the United States, could bring about the end of Canada's infatuation with dairy marketing boards.

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Chart of the Week

Is inflation stirring?

Below is a chart of US Average Hourly Earnings Yearly % Change. You can see the rising trend. At 2.9% this is the fastest wage growth in years. This begs the question, is inflation finally stirring?

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Agriculture

Why genetically-enhanced crops contribute to a better world

Technological advancements on the farm mean lower supermarket prices, better environmental sustainability and less land use - By Bob Bartley

ROLAND, Man. - Genetically-enhanced crops help farmers, consumers and the environment. I've been a farmer for more than 40 years and have grown genetically enhanced (GE) crops since 1996. We grow corn, soybeans and canola, all of which are GE, and other crops that are not. I've seen many benefits as a result of this technology through the years.

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Cognition and Age

Vitamin B6 deficiency linked to cognitive decline: Study

By Eliot Beer

Low vitamin B6 intake may contribute to cognitive decline in older adults, while other B vitamins do not show the same effects, according to a new follow-up study in Northern Ireland. Researchers from Northern Ireland and Ireland contacted participants aged 60 and over from a previous study into B vitamin intake, with 155 out of 255 potential subjects, all of whom showed normal cognitive function in the original study, able to participate in the new research.

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Brain Health

Vitamin C & E supplements may protect against age-related brain declines: Study

By Stephen Daniells

Supplements of vitamin C and E may reduce the risk of cognitive decline, according to data from the Canadian Study of Health and Aging. Data collected over the period 1991-2002 for 5,269 people aged over 65 indicated that users of vitamin C and/or E supplements had a 23% reduced risk cognitive impairment, not dementia (CIND), Alzheimer’s disease (AD), or all-cause dementia.



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EVENTS

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Ongoing

Collective Identity Brings Unusual Collaborations to THEMUSEUM

The work of Waterloo Region artists will be on display in #Exnovation this January 2017

Kitchener – For a second year, THEMUSEUM has turned over their fourth level gallery space to display an exhibition by Collective Identity, a group of local artists in the Waterloo Region. The exhibition, titled #Exnovation, will feature the work of twenty seven local artists.

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January 17-20, 2017

47th Annual Meeting to Call for New Model of Leadership Championing Collaboration, Growth, Reformed Capitalism and Preparedness for the Fourth Industrial Revolution

Priorities of the Meeting are strengthening global growth; reforming market capitalism; preparing for the Fourth Industrial Revolution and re-imagining global cooperation

Geneva, Switzerland – A record 3,000 leaders from government, business and civil society will convene at the 47th World Economic Forum Annual Meeting, which will take place on 17-20 January 2017 in Davos-Klosters, Switzerland.

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January 20-21, 2017

The audience picks the music in Live by Request—the interactive voting concert

Kitchener - The Kitchener-Waterloo Symphony gives the power to the audience in their first ever interactive voting concert with Live by Request on January 20 and January 21 at 8 pm at Centre In The Square. Led by KWS favourite John Morris Russell, the concert features orchestral hits chosen by the audience in real time using their smartphones. The program includes everything from waltzes and sing-alongs, to Hollywood blockbusters and rousing finales!

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February 4, 2017

Stone Soup: A Party For Good

Kitchener - It’s a truth Waterloo Region is no stranger to: when we come together, great things happen. It’s this truth that inspired Alan Quarry to launch Stone Soup - an evening built on the idea that when we all bring a little something to the table we can make a real difference for our community. Coming together for the third annual Stone Soup - February 4 at THEMUSEUM - the community will be helping to support the Sexual Assault Support Centre of Waterloo Region.

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February 15-23, 2017

Next round of public consultations scheduled for Stage 2 ION

Waterloo Region – The Region of Waterloo is continuing public consultation on Stage 2 ION, light rail transit (LRT) from Kitchener to Cambridge. Three upcoming Public Consultation Centre’s (PCCs) offer an opportunity for residents to provide feedback on the preliminary preferred route:

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February 21, 2017

FinTech experts to discuss the state of competition and innovation - Start-ups, banks, regulators and competition authorities invited to share insights at workshop

Ottawa - The Competition Bureau's study of technology-driven innovation in financial services (FinTech) will gather momentum in February when key players with an interest in the state of competition in this emerging business sector come together.

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February 23, 2017

Heart Health: Myths vs. Facts

St. Mary’s General Hospital invites you to join them as their experts dispel some of the common myths regarding your heart health.

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March 15, 2017

Art In Public Spaces: Call for Proposals

CAFKA is seeking submissions for its biennial exhibition of contemporary art in the public spaces of the Region of Waterloo in June 2018. The biennial exhibition is curated by CAFKA’s Program Committee, which will consider submission proposals as part of its curatorial research.

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April 27, 2017

Fashion for Life Finds an Elegant New Venue

Cambridge – The Cambridge Memorial Hospital is very pleased to announce that Fashion for Life has found a new location for its April 2017 “White Party” Fundraiser in support of Breast Reconstruction at CMH.

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May 5, 2017

World’s Largest One-day Leadership Conference to be Simulcast at the Dunfield Theatre Cambridge

Waterloo Region — Leadercast is the world’s largest one-day leadership conference, broadcast LIVE from Atlanta and simulcast to hundreds of locations around the world on May 5th, 2017. This year marks the seventeenth year of the annual leadership conference and the second year that Drayton Entertainment and the Cambridge Chamber of Commerce will be hosting the event at the Dunfield Theatre Cambridge.






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