Bank of Canada Presents Strategy to Boost Economy
In its most recent monetary policy report, the Bank of Canada presented possible means to strengthen the currently feeble Canadian economy. The central bank did not offer any solid dedications, but said it could choose to pursue more “unconventional” avenues, including quantitative easing and credit easing. Bank of Canada governor Mark Carney told reporters in […]
Aerospace Sector Soars Above Economic Turmoil
The aerospace and defense industry is one of the few sectors in manufacturing that is currently not only surviving but thriving amid the recession, despite the grim predictions for job losses and bankruptcies among other Canadian manufacturers, plummeting oil prices, and the ever fluctuating CDN dollar. Employment rates and revenue are even continually on the […]
AMIS – Ontario’s Advanced Manufacturing Investment Strategy
Lines of credit have almost completely dried up in this recession, and it’s harder than ever for businesses to fund their new development projects. Ontario’s Advanced Manufacturing Investment Strategy (AMIS) is a great venue for Ontario manufacturers to pursue. What’s more, AMIS is available to companies from all manufacturing sectors in Ontario. The $500 million […]
Save Money & Make Smart Decisions When Purchasing From Foreign Sources
Cambridge area manufacturer Purchasing Manager Walat Yasin offers the following advice to fellow companies: Buying foreign has become of great interest to our company recently, especially as we have the order quantities to justify the purchases and save significantly. We also do not have the local manufacturing resources for particular products. We, like any company, […]
Ontario Provincial 2009 Budget
The proposed 2009 Ontario provincial budget, released March 26th, 2009, puts forward new tax measures intended to build on the government’s “5 point” economic plan. Understandably there is much controversy about the spending plans, and many Ontarians are expressing concern over the Sales Tax Harmonization, and how it will affect the individual. On a positive […]
Top Ten Business Productivity Impediments
10. E-Mail, Texts, and Phone Calls These days it’s easier than ever to stay connected, especially when your e-mail is synched to your phone AND available on your computer. Every time you hear that notification, you simply just have to acknowledge it. Break this habit and schedule time once an hour or maybe 4 times […]
EI and Bankruptcy Filings Dramatically Increasing
The number of Canadians filing for bankruptcy and unemployment benefits rose significantly in January, according to new numbers released Tuesday by The Office of the Superintendent of Bankruptcy Canada. More than 117,000 Canadians filed for bankruptcy over the period of twelve months ending January 2009. This denotes an increase of 15.8 % from the previous […]
Chrysler Threatens Shutdown of Canadian Operations
Last week’s threat by Chrysler to close Canadian plants if it doesn’t win big concessions from the CAW is possibly one the most troubling announcements since the beginning of the auto industry meltdown. Tom LaSorda, Chrysler president, said the company needs to lower its labour costs by about 25%, reducing wages from the current estimated […]
SR&ED – Essential To Canadian Manufacturers
The current economic recession has proven to hit even harder than many economists anticipated. An estimated 129,000 Canadians lost their jobs in January alone, of which Statistics Canada reports that Ontario workers lost a staggering 71,000. Alberta, once a thriving, profitable province, is even feeling the blow, having recently announced another 15,000 jobs lost. Forecasters […]
Free SR&ED Seminar – Friday, March 6, 2009
On Friday, March 6th 2009, Northbridge Consultants will be holding another free breakfast seminar, to provide a useful information sessoin on the SR&ED program. The seminar will be held at the Waterloo Inn Conference Hotel. Details can be found at https://www.northbridgeconsultants.com/sr&ed-news-events.php For more information, email info@northbridgeconsultants.com or call us at (519) 623-2486.