Foreign Markets to Feed on Prawns from St. John’s
The Canadian government recently announced that it will partner with the Canadian Association of Prawn Producers to market cold-water prawns to foreign markets such as Russia and China. The partnership is meant to boost Canada’s reputation as a producer of high-quality seafood. To accomplish this, the government will invest $165,000 via the AgriMarketing program to […]
Increase Sales Internationally To Stay Competitive
To stay competitive companies need to expand into foreign markets to increase sales and grab new customers. In today’s economy it may be hard for companies to expand due to financial restrictions, however, it is becoming increasing critical to gain an international presence in the global economy. The government often assists companies to offset some […]
Decline in Manufacturing Sales for December 2012
A recent survey completed by StatsCan indicated a 3.1% decline in sales for the manufacturing industry in the month of December 2012. The total manufacturing sales in December was $48 billion. The chart below illustrates Canadian manufacturing sales since 2007 in current dollars. The transportation equipment industry suffered the highest percentage decrease in sales compared […]
Survey Shows: Federal Budget has Businesses on Edge
In June 2012, Deloitte conducted an online survey on the effects of the federal budget and how it impacts innovation investment in Canada. It was revealed that 80 percent of those surveyed believe that the budget will have a negative impact on the money available from SR&ED and offers little to no benefit for new […]
RONA Rejects $1.76 Billion Unsolicited Takeover Offer from US-Based Lowe’s
Rona Inc. received and rejected a $1.76-billion unsolicited takeover offer ($14.50/share) from US-based Lowe’s Companies, causing its share price to soar 20% to $14.19 in trading this Tuesday on the Toronto Stock Exchange. Rona disclosed this offer during a brief statement today, confirming months of speculation on a potential takeover. Rona’s board unanimously agreed that […]
What can we learn from the failure of Kodak, Sears, and Newspapers?
In his recent article, Ken Doctor analyzes the slow disappearance of familiar brands such as Kodak, Sears, and various newspaper companies. These examples all illustrate the fact that “brands decay” and that “disruption doesn’t happen just once.” His “lessons learned” include: – Instead of trumpeting your own horn, spend the time to address future disruptive […]
Infographic: Holiday Email Habits
Xobni, a software developing company, did a survey on email behaviour during the holidays… and I have to say that personally, I find the results to be rather surprising. Sixty-eight percent of respondents (all US working adults) admitted to checking their email on holidays… and 19% of these respondents are thankful for the distraction of […]
Business Mentoring: Why you want to be a part of it.
In the business world, a mentor is someone who is typically older and always more experienced than another, and can help that other person in their professional development through guidance and coaching. Often recommended for those starting or running their own businesses, a mentor can actually be quite effective for anyone in a professional position […]
October’s Job Numbers
In October, the unemployment rate rose 0.2 percentage points to a total of 7.3%, when employment declined by 54,000 full-time jobs. The manufacturing and construction industries saw the largest decline; employment fell in Ontario, British Columbia, Nova Scotia and PEI, but grew in Newfoundland and Labrador.
News In the Canadian Food Industry
There have been a couple of large items that have been happening in Canada’s food industry that I wanted to touch upon today. First of all, the federal government has decided to end the monopoly of the Canadian Wheat Board. Currently, the Canadian Wheat Board does all of the marketing for exporting of Western Canada’s […]