Why? If one market crashes it creates a ripple affect, thus effecting Canadians in greater numbers than her current situation. Despite Canada's struggle to regain it's footing economically, Mary Jones claims in her Globe and Mail article that "the Canadian economy has, no doubt, recovered majority of the jobs lost during recession, but the job growth in the nation is still a far cry considering the underlying employment market weaknesses" (Jones, M. p. 1). In addition, Sonya Gulati and Derek Burleton, economists with TD Bank, maintain that the past year had been a good year in terms of job growth in Canada, but, not the best year. And this is especially true for the Canadian provinces of Alberta, Ontario, New Brunswick and Nova Scotia where the employment growth is a still to reach the pre-recession levels (Jones, M. p. 1).
Firm overview and Introduction to the Case The main player is Joel St. Marseille who is the founder and owner of Skadurz Pro. Skadurz Pro is a a custom skateboard, snowboard and clothing store. Skardurz currently faces the following issues; • Increase in local competition is reducing the advantage that Skadurz Pro had over it's online competition. • Retirement of key employee leaves a void not easily replaced because management is limited to family members. • The prices are not as low as competitors because its a small, local business with less volume.
According to the LICO rates in 2011, poverty troubles mainly seniors, aboriginals, and single parents. In Canada, Social assistance falls well below the poverty line and fails miserably to provide adequate income for even a moderate standard living. We should ALL try living on such measly income for a month…. Maybe then we would be more sympathetic for those whom live under the poverty line. There comes a time when people grow old and are not physically capable of handling tasks in the work force.
The mother picked up a job as well, noticing that the bills were much more expensive to pay This was also extremely stressful for the family because they were not getting to see each other as much as they have in the past. The work hours also took a toll on them. They left their beautiful house in India, to an one bedroom apartment for the three of them to share. The eco map states that the only extended family they had in Canada was Balbir's brother. This relationship was strong, and was very important to the family.
The communities were these jobs were lost have been devastated. Families’ lively hoods have been broken, retirement pensions are questionable, and the revenue this company generates for the city in which it resides. According to CNNMoney.com the company has asked for an extension for the liquidation of their inventory until March 31 and they are only waiting for the courts approval. If this does not succeed stakeholders, stockholders, investors, and suppliers would be affected alike. Ethically I found it hard to believe that this happening in the United States and that our economies have become so terrible that the Circuit City’s in Canada are not closing and their profits are up.
Montreal had not endured such a negative impact since the mid 18 century, after the British had colonized in Montreal after defeat. The economy had received a downfall and a major loss in jobs, as the cities manufacturing centers were unable to keep up with growing international competition. Companies have found greater opportunity to gain greater profits by investing in manufacturing centers in countries such as Mexico, China, and India. Montreal was unable to compete with their international competitors, and this downturn severly affected the economy. It wasn’t until the mid 1980’s, where Montreal’s economy and employment rate took a positive turn.
Most of the Canadian employers refuse to hire people if they don’t have Canadian experience (Cheinis, and Sproul 58). “According to Jeffery Lee, employment specialist, employers look for Canadian work experience so that employees are familiar with workplace culture, social cues, and expectations” (Swartz, par. 3). Lupic, in his article about survival job for newcomers mentioned that according to statistic Canada, in July 2008, the majority of immigrants to Canada are educated people but the rate of unemployment among them is far more than the rate among Canadian with less education (par. 10).
It is important to remember that a loyal customer can be just as valuable than new one. This is because you do not have to spend as much time and money marketing to them because they already know what you offer them. And it goes beyond just having customers that are satisfied, you need to have customers that are loyal. Loyal customers tend to buy more and more importantly they talk more which means a whole load of free word of mouth advertising for your business or company. Therefore building a highly loyal customer base should be the foundation of your basic business strategy.
Corporate pension funds are in trouble in Canada because the funds that support these pensions are running deficits. This means that they are not sustainable in the long run. This problem is made worse by some social and economic factors. First, Canadians are not saving enough for retirement. As we all know, most people are enjoying spending money rather than saving money.
In 1998 a Canadian entrepreneur was granted the right to export 158 million gallons of water per year to China for consumption but public outcry halted the entrepreneur’s efforts, it also highlighted some of the WRDA’s shortcomings. Over the next four years and several meetings the governors and premiers created a stronger, more legally binding protection for the Great Lakes. These parallel legislations: St. Lawrence Basin Sustainable Water Use Agreement, and Compact now hold both parties in trust of the waters. They also are meant to create a better defense when the day comes that others will fight for our water. The Compact isn’t perfect, by the words of Annin, but it is a start and will lead us closer to a solution that will help the Great Lakes and the Seaway endure the next 100 years