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Thursday, February 19, 2009


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Ted Talks

Jose Antonio Abreu: Help me bring music to kids worldwide



Jose Antonio Abreu is the charismatic founder of a youth orchestra system that has transformed thousands of kids' lives in Venezuela. Here he shares his amazing story and unveils a TED Prize wish that could have a big impact in the US and beyond.

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Canadian Housing

Housing will continue to moderate in 2009

OTTAWA - Housing starts reached 211,056 units in 2008, a decrease from 228,343 in 2007, according to Canada Mortgage and Housing Corporation's (CMHC) first quarter Housing Market Outlook, Canada Edition(*) report. Starts are expected to be about 160,250 for 2009 and about 163,350 for 2010.

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Ontario Housing

ONTARIO HOUSING DEMAND WILL SLOW IN 2009

Toronto - A slowing provincial economy will dampen housing demand according to 2009 First Quarter CMHC Housing Market Outlook - Canada Edition1 released today.

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Trade with China

The Fraser Institute: Despite Years of Wooing Chinese Market, Canada Is Falling Behind Rest of World in Trade With China

VANCOUVER - Canadian trade with China represents just a miniscule portion of Canada's overall international trade and the country has a long way to go to fully take advantage of the opportunities presented by one of the world's fastest growing markets, concludes a new study released today by independent research organization the Fraser Institute.

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Guest Column

How To Weather A Stormy Recession
Business Expert Reveals 7 Tips to Keeping Dry During an Economic Tsunami

by Suzanne Caplan

Trying to get through the current recession can make people feel like a tree getting knocked around in a hurricane.

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Education

Financial Traders From Around the World Compete at University of Toronto's Rotman School of Management

Toronto - One of the leading student trading competitions will once again bring finance and business students from around the world to the Rotman School of Management at the University of Toronto. The sixth annual Rotman International Trading Competition (RITC) takes place in the state-of-the-art Rotman Financial Research and Trading Lab from February 19 to 21, 2009.

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Management

RECESSION LESSONS - Career Expert Identifies Most Common Management Mistakes Made in Difficult Economy

TORONTO - Managing employees is never easy, but it poses a particular challenge when teams are lean and the economy is uncertain. While some of the obstacles businesses are grappling with may be new, the strategies they can use to foster teamwork in a troubled economy are not, according to specialized staffing service Robert Half International. The firm's just-released guide, The 30 Most Common Mistakes Managers Make in an Uncertain Economy, outlines prevalent pitfalls and how to avoid them.

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Protectionism

Protectionism Only To Worsen Crisis: Lula.

World - "Protectionist measures would only serve to worsen the current international financial crisis, and must be fought against, Brazilian President Luiz Inacio Lula da Silva said on Tuesday... during the signing of several cooperation agreements with his Colombian counterpart Alvaro Uribe.

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Education

York calls on student leaders to support academic needs of York’s 50,000 students

TORONTO - Now that classes have resumed at Canada’s third-largest University, York’s President Mamdouh Shoukri has called on student leaders to respect differences and to put the academic needs of York’s 50,000 students first.

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Human Resources

Hewitt's Best Employers in Canada Study Finds Link Between High Engagement and Employee Health and Well-Being

Data Strengthens Business Case for Increasing Employee Engagement

TORONTO — Research carried out in conjunction with the 2009 Best Employers in Canada study has established that highly engaged employees experience better health and overall well-being. This finding reinforces the benefits for both employers and employees of increasing employee engagement, according to Hewitt Associates, the global human resources consulting and outsourcing company that conducts the annual study.

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Study Intensive Care

New study looks at outcomes for seniors admitted to Intensive Care

Kingston - A new Queen’s University study will investigate the quality of life and survival of patients 80 years and older admitted to intensive care units across Canada. The first of its kind in Canada, this is the largest study ever undertaken on the subject.

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Ceases Operations

KingsGate Amends Lawsuit Against Industrial Alliance and Ceases Operations

MISSISSAUGA - KingsGate Wealth Management Services Limited, parent company to KingsGate Securities and KingsGate Insurance Group Limited, announced that it has amended an ongoing lawsuit against Industrial Alliance Securities Inc. surrounding the termination of several critical contracts with the firm.

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Guest Column

Lead through Adversity: How to Succeed in Today's Economy - Guaranteed!
By Joe Calhoon

Imagine Lance Armstrong's best day. Do you feel the wind blowing against your sweaty face? Are their fans cheering as you cross the finish line? Or, is there the scent of antiseptic, the chill of a thin gown, and the buzz of fluorescent lighting in a dreary hospital room?

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Foreign Policy

Canadian position on humanitarian relief in Gaza an enigma

Montreal - After more than 20 months of strict Israeli restrictions on millions of dollars worth of aid and supplies to Gaza, Canada finally raised its voice in protest - against Hamas. Foreign Affairs Minister Lawrence Cannon's Feb. 4th statement against Hamas' seizure of UN relief supplies came after the first of two incidents during the week of February 2, when UN shipments in Gaza were seized at gunpoint by Hamas militants.

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Financial Transactions

TD Merchant Services brings the benefits of chip technology to business owners

TD Merchant Services has created Canada’s first chip-enabled debit and credit software solution that works with Microsoft Dynamics Retail Management Software for business owners.

TORONTO – For the first time in Canada, Microsoft Dynamics Retail Management Software (RMS) is compatible with chip technology thanks to TD Merchant Services’ integrated solution. This new capability allows the benefits of chip technology to be applied to the transaction process for users of Microsoft Dynamics RMS.

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Strike Preparation

Message To All Secondary School Students & Parents Regarding A Possible Strike By Grand River Transit

Waterloo Region - A strike disrupting Grand River Transit service could begin as early as 12:01 a.m, Sunday, February 22, 2009.

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Shipments

A New Record the Lighting Industry Could Do Without: Fourth-Quarter 2008 Lighting Systems Index Reaches Ten-Year Low

Silver Spring, MD - According to the National Lighting Bureau (NLB), just-released NEMA Lighting Systems Index data reveal fourth-quarter-2008 lighting-equipment shipments to be the lowest in the Index’ history, a dubious distinction previously held by third-quarter 2008 Index performance, when shipments contracted 4.3% from the second quarter.

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Retail

Strategies for retailers in tough economic times

Kitchener – Retailers who want to learn business strategies for tough economic times have the opportunity to attend a full day retail-focused event presented by the Waterloo Region Small Business Centre and four local BIAs (Downtown Kitchener BIA, UpTown Waterloo BIA, Downtown Guelph BIA, and the Fergus BIA).

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Charitable Funding

The Minister of National Revenue Launches the Call for Proposals for the Charitable Sector

OTTAWA - The Honourable Jean-Pierre Blackburn, Minister of National Revenue, is inviting charities and not-for-profit organizations that serve the charitable sector to submit project proposals for funding consideration under the Charities Partnership and Outreach Program.

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Recognition

Markham receives Lieutenant Governor's award for Community Leadership

MARKHAM - The Town of Markham is one of four communities receiving the 2008 Lieutenant Governor's Ontario Heritage Award for Community Leadership. The award recognizes communities for exemplary leadership in heritage conservation and promotion.

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Financial Reporting

Grant Thornton LLP Authors Guidance on Monitoring Internal Control Released By COSO

Guidance Shows How to Strengthen the Integrity of the Financial Reporting Chain

TORONTO - Grant Thornton LLP (U.S.), announced, in conjunction with The Committee of Sponsoring Organizations of the Treadway Commission (COSO), the release of "Guidance on Monitoring Internal Control Systems."

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Environment

NEW REPORT HIGHLIGHTS IMPORTANCE OF WATER IN THE "ENERGY EQUATION"

* Relationship between water and energy takes on new urgency with mounting pressure on limited freshwater resources, underlines new World Economic Forum report
* Water is increasingly moving from an operational issue to one of strategic significance for the energy sector as risks continue to rise
* Energy companies will increasingly be called upon to be partners in managing the world’s water resources, along with agriculture and other large users

Geneva, Switzerland – The World Economic Forum’s Energy Community today launched the Thirsty Energy – Water and Energy in the 21st Century report. The report explores the risks and opportunities inherent in the ancient relationship between energy and water, which has taken on a new urgency as competition for finite freshwater resources rises. Produced in partnership with Cambridge Energy Research Associates (CERA), the report includes perspectives from prominent experts and decision-makers.


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Affordable Housing

DOWN PAYMENT ASSISTANCE PROVIDED TO 99 HOUSEHOLDS IN THE REGIONAL MUNICIPALITY OF WATERLOO

WATERLOO – On February 10, 2009 the Government of Canada and the Government of Ontario announced more than $881,388 in funding to 99 households in the Regional Municipality of Waterloo under the Homeownership component of the Canada – Ontario Affordable Housing Program.

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2009 Auto Restructuring

Statement by the Honourable Tony Clement, Minister of Industry, on the Receipt by the U.S. Government of Restructuring Plans From General Motors and Chrysler

OTTAWA - On the issue of restructuring plans sent February 17, 2009 to the U.S. government by General Motors Corporation and Chrysler LLC, the Honourable Tony Clement, Minister of Industry, made the following statement:

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Attracting Business

As layoffs continue in the US, firms move IT departments to Montreal

A large number of American companies are moving to Montreal to do their IT development and reduce costs due to government subsidies and 30% exchange rate.

Montreal - Kovasys Inc., an IT staffing agency in Montreal, says it has been witnessing a large influx of American companies coming to Canada to do their high tech projects. Due to the unstable economy in the US and massive layoffs, more and more companies are deciding to save money and nearshore their IT operations to a cheaper yet stable and proximate location.


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Announcement

Waterloo Region Community Safety & Crime Prevention Council Elects New Executive, New Chair & Vice-Chair Announced

Waterloo Region – At its regular meeting last Friday, February 13, 2009, members of the Community Safety & Crime Prevention Council elected John Shewchuk, of the Waterloo Catholic District School Board, as Chair of the Council and Thomas Brenner of Renison College School of Social Work (University of Waterloo) as Vice-Chair of the Council for the 2009 term.



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