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Operations Management

Knut Haanaes: Two reasons companies fail — and how to avoid them

Is it possible to run a company and reinvent it at the same time? For business strategist Knut Haanaes, the ability to innovate after becoming successful is the mark of a great organization. He shares insights on how to strike a balance between perfecting what we already know and exploring totally new ideas — and lays out how to avoid two major strategy traps. BCG's Knut Haanaes believes that the secret to creating lasting, impactful companies is to find a balance between doing what you're good at and looking for new challenges to take on.

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Skills Competition - Getting Around

Ontario Technological Skills Competition (OTSC) to move to Toronto for 2017

As Canada’s largest skilled trades and technology competition, the OTSC will call the Toronto Congress Centre its new home in 2017; it moved to the Kitchener Auditorium in 1997, the RIm Park in Waterloo, after several years in Hamilton.

Toronto- The Ontario Technological Skills Competition (OTSC) is the largest skilled trades and technology competition in Canada, and Skills Ontario is thrilled to announce that the event will be moving to the Toronto Congress Centre in 2017. The announcement was made at the Toronto Congress Centre this morning by Skills Ontario Executive Director, Gail Smyth. Toronto Deputy Mayor, Vincent Crisanti, was also present and provided remarks on the significance of the OTSC’s move to Toronto in 2017.

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xQuarterly

BlackBerry posts quarterly loss on restructuring, acquisition costs

Toronto (Reuters) - BlackBerry Ltd BB.TO posted a quarterly net loss on Friday, mainly from restructuring and acquisition-related costs.

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Start-up Culture

Velocity Fund awards $35K to drone company to improve commercial flight times

Waterloo - Pegasus Aeronautics, a hardware company seeking to extend the airtime range of drones using advanced hybrid powertrains, was among the big winners at the Velocity Fund Finals held today at the University of Waterloo.

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GDP

Gross domestic product by industry for January 2016

Ottawa - Real gross domestic product rose 0.6% in January, a fourth consecutive monthly increase. Manufacturing, retail trade, and mining, quarrying, and oil and gas extraction were major contributors to growth in January.

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Global Analysis

We now live in a world in which more people are obese than underweight, major global analysis reveals

By 2025, around a fifth of adults worldwide will be obese

Over a third of UK men and women, and over 40% of US men and women will be obese by 2025. In the past 40 years, there has been a startling increase in the number of obese people worldwide—rising from 105 million in 1975 to 641 million in 2014, according to the most comprehensive analysis of trends in body mass index (BMI) to date, published in The Lancet.

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Wonky Expenses

CFOs Reveal Most Unusual Expense Report Submittals

Survey Finds Little Decline in Inappropriate Requests

Toronto - The number of improper expense report requests – from the surprising to the mundane, from big-ticket items to everyday necessities – shows little sign of decline, new research suggests. In a sponsored survey, chief financial officers (CFOs) said they have seen employees ask for reimbursement for everything from rental homes to cosmetic surgery to toilet paper. Forty per cent of executives have seen an increase in inappropriate requests over the past few years.

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Chart of the Week

Gold has just had its best quarter since 1986, rising 16% and outperforming all other assets.

It has been quite a turn of events, and seems to signal the end of a grinding 5 year bear market. Even more impressive has been the initial gain in gold mining stocks, which have more than doubled the rise in bullion, gaining 35% to 40% so far this year. Given the rapid rise it would seem we are due for a pause and possible partial give back into the second quarter. But if history is any guide, we could be in for an equally strong rally in the second half of the year as gains of 80%+ plus are the norm coming off the bottom of such a prolonged bear market. Bottom line, if you believe the turn is in, it is not too late to participate.

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Genetic Tools

New Tools Allow Rapid ID of CRISPR-Cas System PAMs

Raleigh - CRISPR-Cas systems are widely heralded as a new generation of genetic tools. But development of these tools requires researchers to identify the protospacer-adjacent motifs (PAMs) that unlock each system’s functionality. A new set of techniques expedites PAM identification — and early testing finds that many CRISPR-Cas systems actually have multiple PAMs of varying strength.

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Media

Newspaper publishers, 2014

Ottawa - The newspaper publishers industry generated operating revenue of $4.1 billion in 2014. Operating expenses were reported at $3.7 billion, which resulted in an operating profit margin of 9.5%.

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Organized Crime

Contraband tobacco an insidious threat to Canadians’ safety: MLI paper by Christian Leuprecht

Comprehensive MLI study examines the scale of this complex and controversial issue, and makes innovative policy recommendations

Ottawa – Contraband tobacco and cigarettes are more than just a problem of lost revenue for governments – it is a significant enabler of organized crime and terrorism. Security expert Christian Leuprecht gets to the heart of the contraband tobacco problem in a new study for the Macdonald-Laurier Institute.

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Health Care

Ontario Investing $12 Billion to Build New and Improved Hospitals

2016 Budget Includes New Investments in Hospital Infrastructure

Queens Park - As part of the 2016 Budget, Ontario plans to invest $12 billion over 10 years in Ontario hospitals to continue building modern hospital infrastructure. The province is also providing $50 million in new annual funding to help hospitals keep their facilities in good repair.

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Migrant Workers

NFU endorses MoVE Campaign for Migrant Workers’ Rights

Kingston - The National Farmers Union (NFU) has endorsed the Mobility, Voice and Equality for Migrant Workers (MoVE) Campaign organized by the Coalition for Migrant Workers Rights - Canada. The NFU joins in the call for regulatory changes so that migrant workers can more easily move between jobs, thereby improving working and living conditions for Canadian born and migrant workers. The campaign is also seeking a transition from tied work permits to open work permits, the removal of time limits on work permits and restrictions on Labour Market Impact Assessments (LMIA) including a 4-year time-limit on workers ability to stay and permanent resident immigration status upon arrival for migrant workers.

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Collision with a Bicycle

Crash Dummy Team to Perform Rear Impact Crash Test

The Carlton University Crash Dummy team (CUCD) will be performing a rear impact crash test on April 1, 2016 in co-ordination with Ottawa Police Service.

Ottawa - Twenty fourth-year engineering students, along with professors in the Department of Mechanical and Aerospace Engineering, Ottawa Police Det. Alain Boucher of the Collision Investigation Unit (CIU) and eight collision investigators will participate in the crash test simulation to help CIU investigators better understand collisions between cyclists and a vehicles. For the first time, the test will include a simulated rear-end collision to demonstrate possible crash dynamics during the normal flow of traffic.

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Audit Consistency

Canada's audit regulator reports overall inconsistency in quality of public company audits in 2015

CPAB working with Canada's audit firms to address inconsistent audit quality, particularly in companies with small to mid-sized market capitalizations

Toronto - In its report released on the public accounting firms inspected in 2015, the Canadian Public Accountability Board (CPAB) said its findings indicate that, overall, audit quality across firms was inconsistent. In particular, the report notes that inspections at nine of the 14 public accounting firms reviewed annually (those with 100 or more reporting issuers) resulted in more significant inspection findings compared to the previous year and that, while firm action plans have generally helped to maintain audit quality in larger engagements, improvement in the firms' quality systems is required.

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Letter From The Mayor of Erbsville

From The Dome at King and Victoria, Kitchener Ontario

Knock, Knock! Who’s There? The Mayor of Erbsville; The Mayor of Erbsville Who?

Erbsville - As Mayor of Erbsville, I am pleased to submit my annual update on the state of municipal affairs in the Region of Waterloo. The many of residents in Waterloo Region who think our current form of municipal government is outdated have appointed me as Mayor of Erbsville to be the voice of reason for developing a single tier municipal government in Waterloo Region that will be more efficient than the current eight municipalities who are tripping over themselves.

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Health Care

CFHI and Canadian Frailty Network Improve Healthcare for Older Canadians

New Initiative will Spread Innovative Mount Sinai Hospital Program

Toronto - The Canadian Foundation for Healthcare Improvement, in partnership with Canadian Frailty Network, announced the 18 organizations that will improve healthcare for older adults by adapting Mount Sinai Hospital's (Toronto) proven Acute Care for Elders (ACE) Strategy in their healthcare facilities.

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Open Government

Ontario Launches New Consultations Directory and Public Engagement Framework

New Tools to Help Engage More Ontarians in Government Decisions

Queens Park - As part of Ontario’s commitment to Open Government, the province is launching new tools that will give more Ontarians a voice in government decision-making.

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Food Management

EPA Recognizes University of Arizona for Efforts to Reduce Wasted Food

SAN FRANCISCO – The U.S. Environmental Protection Agency presented the University of Arizona with an award for outstanding efforts in food recovery. The students, food service staff and university leaders, along with the Tohono O’odham Nation’s San Xavier Co-operative Farm and the City of Tucson worked together to increase food recovery by 1,232% from 2013 to 2014. Last year, the partnership diverted 3.4 million pounds of food waste, landscape debris, and manure from the landfill.

EVENTS

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April 15, 2016

Can women really "have it all" ?

The reality is, workplace cultures and social norms often force women to choose between work OR family. Such was the case for Dr. Anne-Marie Slaughter (right) ... Accepting her dream job as the first female director of policy planning at the U.S. State Department, Anne-Marie was confident she could juggle the demands of her position in Washington, with the responsibilities of her family life in New Jersey. Her husband and two young sons encouraged her; she had a tremendously supportive boss in Hillary Clinton; and she had been moving up on a high-profile career track since law school.

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April 6, 2016

Enforcement of the Immunization of School Pupils Act For Elementary School Grades in Waterloo Region

Waterloo Region - On April 6th, elementary students whose records are still not up-to-date will be suspended from school. It is not too late for parents to call Public Health to update their child’s record/immunization. The week of March 7, 2016, Public Health sent 4115 suspension orders to those parents whose children still have immunization records that are not up-to-date with Region of Waterloo Public Health.

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May 13, 2016

Western to honour renowned academic, artistic, community and business leaders at 307th convocation

Sixteen distinguished individuals will receive honorary degrees when Western University hosts its 307th Convocation this spring.

London - The ceremonies, featuring addresses by the honorary degree recipients, are scheduled for the following days:

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Golf Fundraiser - May 26, 2016

ZONTA Kitchener Waterloo Announces the Million Dollar Betty Thompson Golf Classic

Kitchener - The Zonta Club of Kitchener Waterloo will be holding their 24th annual Betty Thompson Golf Classic on Thursday May 26, 2016. It is being tagged as the Million Dollar tournament as we are hopeful we can reach that mark with the contributions raised this year.

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April 14, 2016

Fitz Vanderpool Key To The City Of Waterloo Award Ceremony

Waterloo - Celebrate with Fitz "The Whip" Vanderpool, 6 Time World Boxing Champion, as he receives a certificate of recognition from the City of Waterloo Thursday April 14, 2016, 5:00-7:00pm, at The Whip Boxing Academy, 178 B Weber Street North in Waterloo, to commemorate his 17th anniversary, April 14, 1999, of winning the World Federation Superwelterweight World Championship with an 11th round TKO.

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April 10-16, 2016

United Way Volunteer Centre Will be Celebrating Local Volunteers as Part of National Volunteer Week (NVW)

Cambridge - From April 10 to 16, Volunteer Canada and the United Way Volunteer Centre in Cambridge and North Dumfries will celebrate Canada’s 12.7 million volunteers during National Volunteer Week. This year marks the 13th year Volunteer Canada has delivered the campaign in partnership with Investors Group, a longstanding supporter of NVW and Canada’s corporate leader in volunteer recognition.

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April 6, 2016

McDonald's Canada Aims to Hire a Record 7,000 Employees in One Day

Sixth annual National Hiring Day creates thousands of jobs across the country

Toronto - Wednesday, April 6th, McDonald's Canada and its franchisees aim to break its previous one-day hiring record during its sixth-annual National Hiring Day event. This year they will rally job seekers from coast-to-coast for 7,000 available positions, the most the quick service restaurant chain has ever hired in one day.


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