IMF Forecasts Canadian Economic Contraction

Canadian Two Dollar CoinIn concert with China’s stock market crash and the Greek debt crisis the IMF has given Canada a thumbs down in terms of its expected economic growth for Canada in 2015.

While the IMF predicts the international economy will grow by an estimated 3.3% in 2015 it gave Canada’s economy a disappointing 1.5% expected rate of growth for the coming year. The forecast is not out of tune with many Canadian economists expecting a recession for the rest of the 2015 fiscal year.

First quarter growth in both Canada and the United Staes has been disappointing to say the least. With the American GDP shrinking and the Canadian economy contracting the North American outlook is not favourable to economic growth this year.

The steep drop in oil prices are a major drag on the Canadian economy, combined with an extremely harsh winter keeping Canadians and people in the northern U.S, indoors, consumer spending was limited as people stayed inside to keep warm rather than shopping and spending.

The IMF forecast and the poor 1st quarter of 2015 have most economists believing that an interest rate hike is out of the question for the Bank of Canada, with may predicting an interest rate cut.

This months June job creation numbers will likely hold weight when it comes to making the final decision.

Related Video:

Queens University 2015 Canadian Economic Outlook

Greek Economic Crisis Reaches North America

As the world watches the European Union wrestle with the Grecian crisis andGreek Flag waits for a proposal from newly elected Greek Prime minister Alexis Tsipras, North American businesses that rely on imports from Greece are starting to feel the effects.

Businesses in the specialty food markets as well as restaurants that rely on authentic Greek products and foods are having trouble paying their Greek suppliers.

The banking system in Greece is frozen at the moment, making it impossible for North Americans or anyone else for that matter to get their payments through. Greek banks have shut down until the crisis is resolved.

Some American businesses report that some Greek suppliers are requesting cash in advance for future stock purchases of Greek goods. This has some worried that they could be out of pocket and out of stock if the crisis worsens.

Reports suggest that due to the banks closure that having physical Euro’s on hand is how the present economy is surviving.

Business owners that rely on Greek specialty items are beginning to consider North American based suppliers for goods such as Yogurt and Feta Cheese. This could be good for businesses on this side of the Atlantic, proving once again that one mans debt crisis is another mans treasure!

The world waits on the outcome and Greece’s economy depends on it.

E Learning – Canadian Company D2L Leading the Way

Why D2L Ranks First as Most Innovative Canadian information-e-learningCompany

Canada is home to many companies of different industries, just proving that the country is catching up with the world. But, in the world of innovation, one company stands out as one of Canada’s most innovative. In fact, it got the top spot. This company is most popularly known as D2L.

With a headquarters in Ontario, Canada, D2L or Desire2Learn is the country’s number one e-learning solutions provider. In other words, the company is established to create wonderful and innovative systems for educational progress. There are two main reasons why this company is the most innovative Canadian company.

The first reason is BRIGHTSPACE. Brightspace is an educational platform popularly used in Canada today for most schools. The platform is said to be very advantageous when it comes to learning because it provides educators a new level of teaching as it makes their lessons more organized and easy. Aside from that, this platform is also very smart because it makes learning more fun, interesting and easy which means it ignites a person’s desire to learn. With this, the company is indeed living up to their name.

Another reason why D2L is most innovative is because of their education-friendly mission. This means that everything they work on in their office is aimed to give every student easier access to a brighter future. The company focuses on innovative platforms without jeopardizing good education. For instance, the courses that the Brightspace platform offer can indeed make one a degree-holder in time.

Overall, D2L succeeded in letting the people know that there should never be a limit to learning and that learning is always accessible as long as you have the desire to learn. By ensuring students of a brighter future, D2L also succeeded in making the company’s future brighter.

E Commerce Success Story – Shopify

Two Beneficiaries of Shopify Successeccommerce-concept

The success of Shopify is really making it in the news today especially after they went public last month. The Canadian-based e-commerce company, founded in the year 2004 is considered one of Ottawa’s fastest-growing company as it provides a service that helps online stores operate successfully.

Shopify’s success is no doubt benefitting two entities nowadays. One, it benefits all people who are planning to start a business online. Shopify aims to help online marketers showcase their business online or create an online store where customers can visit, view their products and shop from the comfort of their own homes. The success of Shopify is owing to the company’s great features such as an easy to navigate online store and very attractive store templates. In other words, the company makes online business possible for everyone.

Another thing is, the trend of online shopping is becoming more and more popular these days. The public is suddenly waking up to the fact that no matter where they are located, they can easily do shopping from the internet. This trend makes the company more and more in demand as more and more entrepreneurs choose this kind of business venture, thereby, contributing to its success.

Two, investors can also greatly benefit from Shopify’s success. Since the company is one of Ottawa’s fastest-growing, there is no doubt that when you invest or buy a share from this company, you will be getting great returns on your investment. As a matter of fact, since the company went public last May, it defeated Canadian banks when it comes to stocks and estimated returns for CEO’s stake reached almost 300 million dollars. This means that if you invest in this successful company, you could also double your earnings.

Technology is also said to be a fastest-growing industry in general, which is why it’s not a surprise that Shopify will reap success and make its two main beneficiaries happier.

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