Posts in Financial
Celebrating diverse contributions to a vibrant culinary scene during Black History Month

The foodservice industry, which was Canada’s fourth-largest source of private sector jobs before the pandemic, reflects the country’s impressive diversity. Women make up 58 per cent of the foodservice workforce, and 31 per cent of restaurant owners, operators and staff belong to a visible minority.

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AU MBA: ONLINE PROGRAM PROVIDES PATH TO CAREER ADVANCEMENT

When diagnosed with cancer, Laurel Gillespie had roughly an 80 per cent chance of dying within five years. Despite the uncertainty she faced, Ms. Gillespie did not want to give up on her future. She decided to go back to school. While it was going to take her several years to finish her studies, she focused on how her education could be used to help people in hospice and palliative care in Canada – patients facing a brush with mortality, to which she could relate.

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Helping eateries reach the finish line with customer loyalty and government programs

As the world celebrates fresh beginnings at the start of the year, Canada’s foodservice industry faces the daunting task of surviving a traditionally slow period. Exacerbating this seasonal challenge are the financial losses many restaurants have incurred due to the coronavirus pandemic and increased barriers for attaining sufficient government support.

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Restaurants are key to feeding Canada’s recovery, but first they need to survive

Two years ago, Brenda O’Reilly’s four restaurants in St. John’s, Newfoundland, were on a growth trajectory – until the coronavirus pandemic brought everything to a hard stop. The closing date, March 16, 2020, is especially memorable since it was the day before St. Patrick’s Day, which is traditionally one of the busiest days for O’Reilly’s Irish Newfoundland Pub.

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MEETING THE FINANCIAL PLANNING NEEDS OF MILLENNIALS IN FACE OF THE ‘GREAT WEALTH TRANSFER’

It is often called the “great wealth transfer” – the tremendous amount of wealth that the baby-boom generation will continue to pass on to younger generations through the coming years. Tomorrow’s holders of wealth will largely be millennials, who have come of age in an era of robo-advisers, direct-to-consumer investment platforms and other technology-powered tools for “do-it-yourself” financial planning and management.

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REACHING HIGHER AND MOVING FASTER

SFU elevates its commitments on climate action to a new level

Recognized for its sustainability leadership among universities worldwide, Simon Fraser University (SFU) is raising the bar once again. On October 19, 2021, SFU announced it has joined the United Nations-backed Race To Zero campaign – a global alliance of universities, businesses and investors, cities and regions, and other institutions committed to achieving net-zero carbon emissions by no later than 2050.

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National Philanthropy Day

A day to reflect on how charity changes the lives of people in need

As Canadians look ahead to celebrating National Philanthropy Day on Monday, many will reflect on what has been a tough two years; heartache and sorrow for many and disrupted lives for even more. However, throughout the COVID-19 pandemic, individuals and communities have come together in a spirit of giving, sharing and support that epitomizes the power of philanthropy across the country.

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Financial Wellness

Through ordinary and extraordinary times: Canada’s banks are guiding Canadians on the path to financial wellness

The coronavirus pandemic put the key concept of “financial wellness” sharply into focus for many Canadians and for the financial institutions that support them. The shockwaves that disrupted public health quickly spread to economic disruption, and for many Canadians, the result was at least some degree of financial hardship and eroded confidence in their ability to manage their finances.

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READY, WILLING, EMPOWERED – CREATING A FOUNDATION FOR GENERATIONAL TRANSITIONS

Family enterprises in Canada have much to be proud of, from their dedication to creating jobs and value in local communities to their contribution to the economy, believes Olivier de Richoufftz, general secretary of the Family Enterprise Foundation, the charitable organization associated with Family Enterprise Canada.

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What it takes to keep crypto safe

If you’ve heard anything at all about cryptocurrency, you’ve probably also heard that it is a major environmental concern. One Earth.org article noted that a single year of bitcoin’s energy use could power all the tea kettles in the U.K. for 29 years. Clever as they are, comparisons like this lack an important element – meaningful context. For example, cryptocurrency’s energy use is still a fraction of that of the traditional banking industry.

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Investing in the future of energy

When it comes to investing, people generally think about risks through a backward-looking lens: historic security price performance and volatility, liquidity (ability to sell without affecting price), or traditional market risks like inflation and interest rate movements. But “there are new risks that investors need to consider,” says John Cook, senior vice president and portfolio manager for Mackenzie’s Greenchip Team. “Climate change poses both physical and transition risks to assets, as does the availability of resources that companies need to operate. The idea of risk management needs to adjust to these new realities.”

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