...Food Bank Use in Canada According to Food Banks Canada, food bank usage has soared to 28% in the past three years, with more than 850,000 Canadians making use of a food bank in a typical year (Ontario Healthy Communities Coalition, March 2012). One of the biggest contributors to why individuals depend on food banks is their social economic status of lower class and poverty. Although this is a big contributor, there are many more major social determinants that contribute to food bank usage outside of social economic status designation. I believe the other three most important determinants that contribute to usage of food banks are education, employment/working conditions and physical/social environment. The different levels of education a person may have can greatly impact a person’s quality of life in regards to food insecurities. However, a larger percentage of food bank users are individuals who have higher levels of education. A key reason for this is caused by the many professionals who have a foreign education and cannot find work in their field in Canada because their foreign credentials are not recognized (Daily Bread Food Bank, 2010). As well as this, more people with university degrees from Canadian institutions are also turning to food banks due to not being able to use their higher education to find stable employment (Daily Bread Food Bank, 2010). Although a person has a higher level of education, it does not mean that they are successful in finding a job...
Words: 820 - Pages: 4
...Recommendations RBC Royal Bank 3 a. Mission Statement 3 b. Core Values 3 c. Commitment to Employees 3 d. Strategies to new graduates 4 e. HR Issue 4 f. Solution 5 II. HR Position and Job Analysis a. Financial Control Assistant Manager at RBC Royal Bank 5 b. Sample Job Description 6 c. Sample Job Specification 7 III. Human Resources and Technology a. Employees and HR Technology 8 b. Effective HR Software 8 c. Risks and Concerns 9 I. Organizational Research and Recommendations I am truly interested in working for RBC Royal Bank because employee in the bank provided good services and explained methodically when I firstly set up bank account in Ontario. It also pledged 100 million to help a lot kids and youth that address their needs (Canada, Royal Bank of Canada, 2015). It gives me really positive image that I really want to work in this company. a. Mission Statement Based on market capitalization, RBC Royal Bank is one of Canada's largest banks and one of the largest banks in the world. Always earning the right to be our clients' first choice is RBC Royal Bank’s vision that it committed to provide best services in its five business segments, personal and commercial banking, wealth management services, insurance, investor services and capital markets products (Canada, Corporate Profile, Royal Bank of Canada, 2015). b. Core Values The five core values that the RBC Royal Bank follows are excellent service...
Words: 2188 - Pages: 9
...Chapter 15 Monetary Policy Xingfei Liu, Ryerson University Interest Rates and Monetary Policy 15 LEARNING OBJECTIVES LO15.1 Discuss how the equilibrium interest rate is determined in the market for money. LO15.2 List and explain the main functions of the Bank of Canada. LO15.3 List and explain the goals and tools of monetary policy. LO15.4 Describe the overnight lending rate and how the Bank of Canada directly influences it. LO15.5 Identify the mechanisms by which monetary policy affects GDP and the price level. LO15.6 Explain the effectiveness of monetary policy and its shortcomings. LO15.7 Describe the effects of the international economy on the operation of monetary policy. 2 15.1 The Market for Money and the Determination of Interest Rates 3 KEY GRAPH - The Demand for Money, the Supply of Money, and the Equilibrium Interest Rate FIGURE 15-1 (a) Transactions demand for money, Dt (c) Total demand for money, Dm and supply (b) Asset demand for money, Da Rate of interest, i percent 10 7.5 Sm 5 + 2.5 = 5 0 Dt 50 100 150 Da 200 Amount of money demanded (billions of dollars) 50 100 150 200 Amount of money demanded (billions of dollars) Dm 50 100 150 200 250 300 Amount of money demanded and supplied (billions of dollars) ...
Words: 2538 - Pages: 11
...the Implementation of Monetary Policy in the LVTS Environment1 Introduction The Bank of Canada’s method for implementing monetary policy is closely linked to the system through which payments clear and settle daily. Coincident with the introduction by the Canadian Payments Association of an electronic system for the transfer of payments (the Large Value Transfer System, or LVTS), a new approach to the implementation of monetary policy was adopted on 4 February 1999.2 This primer summarizes the objectives and the key elements of the framework that the Bank uses to implement its monetary policy. It also includes a table that lists the key features of the framework and how they function in the LVTS environment and a glossary of terms with respect to the Bank of Canada’s monetary policy operations. Policy overview The Bank of Canada establishes a target for the overnight interest rate within an operating band in order to influence other short-term interest rates and the exchange rate (Thiessen 1995). The ability to influence other short-term rates partly reflects the fact that inventories of money market securities are generally financed with overnight funds. However, other factors, including changing market expectations and exchange rate developments, also affect how other interest rates, including those with relatively short terms to maturity, respond to changes in the target rate. Changes in the Bank of Canada’s target for the overnight interest rate are the first stage in the transmission...
Words: 3049 - Pages: 13
...institutions in Canada responsible for conducting fiscal and monetary policy, name the Department of Finance and the Bank of Canada. What are the roles of each and what are each responsible for obtaining? What are the responsibilities of each institution and what tools do they have at their disposable to impact the economy? Can you say that their objections are in tandem with one another or due they sometimes conflict? Please explain. tools available to the Federal government in managing the economy -- Fiscal and Monetary Policy Legislative Overview In Canada, the monetary policy is conducted by the Bank of Canada in which the government owned organization function with considerable independence from the federal government but is accountable to the parliament. Monetary policy in Canada is set by non-elected officials at Bank of Canada. Other decisions regarding the level of government revenue and expense is part of fiscal policy which is made by the Government of Canada with the approval of the parliament of Canada, as result monetary and fiscal policies are governed independent of each other (Frigon, 2010). The role of monetary policy is to preserve the value of capital by keeping inflation low, stable and foreseeable. This allows Canada to make spending and investment decisions with confidence, encourages long-term investment in Canada and contributes to better job openings and greater productivity with a better standard of living. Monetary policy in Canada has three characteristics:...
Words: 1686 - Pages: 7
...compliance associate at Shinhan Canada and wished to learn more about Shinhan's value and heritages along with its corporate culture. However, due to practical limitations surrounding the Bank, the orientation was held just for a day which was far less than enough to learn various aspects of the Bank. Therefore, I have always been seeking to participate such training session being held by the Parent Bank when the occasion offers, and this could be the perfect opportunity for me to learn further about the values and prospective growth initiatives of Shinhan. Followings are the reasons why I shall be the Global Young Force of Shinhan Bank. 1. For Robust Global Compliance Regime As an AML investigation...
Words: 730 - Pages: 3
...TD CANADA TRUST TD Canada Trust TD Canada Trust provides a full range of financial products and services to personal and small business customers. As a leading customer services provider, TD Canada Trust offers anywhere, anytime banking solutions through telephone and internet banking, more than 2,600 ABMs and a network of approximately 1,100 branches across Canada. Vision Statement: TD Canada trust visions “To Be the Better Bank” Company Values: At TD Canada Trust, the values are: Honesty To build honest relationships through open communications with all people interacting with the business – from the customers, co-workers, partners and shareholder. Integrity To deliver excellence by acting with integrity when conducting business and by taking pride in and responsibility for the TD’s work and decisions. Respect To work with each other, and create an atmosphere of mutual respect. Company Size: TD Canada Trust provides a full range of financial products and services through its retail branch network, telephone, Internet banking, and ‘TD Green Machine’ automated banking machines. TD Bank Group Headquartered in Toronto, Canada, with more than 85,000 employees in offices around the world, The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TD). TD offers a full range of financial products and services to approximately 20.5 million customers worldwide...
Words: 1989 - Pages: 8
...TD Canada Trust: Managing Customer Relationships November 18, 2014 ADMS 4255 Prof. Marius Dobre Burhanuddin Ameen Gaggan Sahota Nihal Ahmed Alvina Ali Siqi Sun TABLE OF CONTENTS EXECUTIVE SUMMARY ..............................................................................1 PROJECT OBJECTIVE ...............................................................................1 SITUATION ANALYSIS ...............................................................................1 FRAMEWORK .............................................................................................2 FINDINGS ....................................................................................................3 Exemplars ................................................................................................................... 3 Identify ...................................................................................................................... 3 Differentiate ............................................................................................................... 4 Interaction ..............................
Words: 4378 - Pages: 18
...A * A&W (Canada) * Abilis Solutions (software development, consulting) * AbitibiBowater * Ache Records * Addition Elle (women's clothing) * Advance Gold (mining) * Access Communications * Advanced Cyclotron Systems (medical cyclotrons) * Affinity Credit Union (banking) * Areva Resources Canada (uranium) * Air Canada (airline) * AldrichPears Associates * ALDO Group * Algonquin Power * Allied Shipbuilders * Alta Newspaper Group * Alterra Power * Angoss Software Corporation (software) * Appnovation * Arc'teryx (outdoor apparel/equipment) * Atimi Software Inc * Aritzia (clothing) * Army & Navy Stores (Canada) * Arsenal Pulp Press (publisher) * ATI technologies (semiconductors) * Atmosphere Visual Effects (movie special effects) * AVI Sound International (audio/visual equipment manufacture) B * Ballard Power Systems * Banff Lodging Co * Bank of Montreal * Bank West * Barrick Gold * Bard Ventures Company * BBC Kids (television) * BC Biomedical Laboratories Ltd. * BC Hydro * BC Research Inc * Becancour Silicon (silicon manufacture) * Bell Canada * Bennett Environmental * Becker's * Ben Moss Jewellers * Big Blue Bubble (software firm) * BigPark (software firm) * Biovail * BioWare (video games) * Bison Transport Inc. (Transportation) * Black Diamond Cheese Limited * Black Hen Music (record...
Words: 1925 - Pages: 8
...one of the world’s most popular banks in North America and is located in Canada, Halifax. Founded in 1832, Scotiabank came to be the second largest bank in Canada. A year after its development, Scotiabank paid out its first dividend to shareholders. Having marked the method in history, it was carried out through the golden era to the modern era and is yet continued to this day. Scotiabank provides innovative financial products and services to individual customers, small/medium sized business, corporations and governments across the world. Scotiabank operates in North America, Europe, Middle East, Asia and South America and has relationships with selected countries. Scotiabank is ranked as the leading financial provider of financial services. The bank consumes over $250 billion worth of assets, has 720 branches and organizes 50,000 employees in 50 countries worldwide. Scotiabank conducts through domestic banking, wealth management, Scotia Capital, and international banking. All of which are connected to their customers in different ways, from serving through networks, accounts to using an automated banking machine. Scotiabank is most popular for its massive selection of 60 mutual funds and managed portfolios to help investors accomplish their goals. More importantly Scotiabank mutual funds are sold by a commercial bank that competes with other banks in Canada such as TD Bank, Bank of Montreal and the Royal Bank of Canada. All three banks offer mutual funds regarding benefits...
Words: 2744 - Pages: 11
...opportunities, and threats. Also, Bank of Montreal has those types, so according to the SWOT analysis of our bank I will talk about these. First of all, I will talk about strengths. As we know, BOM is in Canada and for a successful company in Canada needs self motivation in which Self-roused individuals have a tendency to have the stamina to endure start-up difficulties, and the take after through to achieve long haul objectives. Also, the basic start-up component, business and industry information is normally increased through experience. Experience gives your vision a strong establishment. Experience empowers you to survey circumstances and make great, grounded choices. With this we understand that business and industry knowledge is very important. Moreover, a successful company should have organizational and management capabilities because in the case of succeeding in little business, you will need to compose and deal with your time, the points of interest of your business and the individuals who work for you. Designation is a powerful association and administration apparatus. Vision is another important thing that a company should have. We know that because all organizations are based on the thoughts or dreams of people; On the other hand, to have a dream is insufficient: to transform your vision into a win. SWOT analysis * Strengths * Over 35,000 employees serves 7 million+ customers * BMO Capital Markets named as the “Best Investment Bank, Canada” by Global Finance Magazine ...
Words: 723 - Pages: 3
...companies, CIBC and BNY Mellon. With these two companies combined expertise, they were able to provide a unique advantage of delivering intelligent solutions that are global in scale, and provide superior value. CIBC Mellon states that they have a shared history and timeline ranging from 1867 to the present. This timeline begins in 1867 when the Canadian Bank of Commerce was established in Canada by the Honorable William McMaster, a prominent Toronto businessman and philanthropist. According to CIBC Mellon in 1869, Mellon Bank was established by Thomas Mellon, a well-known Pittsburgh lawyer and jurist. Over the years, Mellon established itself as one of the world’s top providers of financial services. In 1875, the Imperial Bank of Canada was established by Henry Stark Howland who was previously the vice-president of The Canadian Bank of Commerce. In 1961, The Canadian Bank of Commerce and the Imperial Bank of Canada merged to form the Canadian Imperial Bank of Commerce (CIBC). The transaction remains the largest merger of two chartered banks in Canadian history. In 1991, The R-M Trust Company was formed by Mellon and others in Canada and which provided transfer agency, corporate trust, and other trust services to corporate clients. In 1996, CIBC joined forces with Mellon to form a fifty-fifty jointly-owned company named CIBC Mellon Global Securities Services Company which offers asset servicing solutions to institutional investors. CIBC states that in 1997,they purchased a fifty per...
Words: 1788 - Pages: 8
...Modelling the Counterfeiting of Bank Notes: A Literature Review Ben Fung and Enchuan Shao, Currency Department • Ensuring that the threat of counterfeiting remains low is critical to maintaining the public’s confidence in bank notes as a means of payment . In the past 50 years, Canada has experienced two major episodes of counterfeiting at levels that threatened public confidence . The Bank of Canada has since developed a comprehensive anti-counterfeiting strategy that has brought counterfeiting under control and that supports public confidence by staying ahead of counterfeiters . Research that models the behaviour of relevant parties—the counterfeiters, the merchants and the central bank—helps to improve our understanding of their respective decisions: whether or not to produce counterfeit notes, whether or not to verify and accept bank notes offered, and what level of security to apply to bank notes . This research also sheds light on the importance of policies against counterfeiting . • I n June 2011, the Bank of Canada unveiled its new $100 and $50 notes to the public. The Bank’s new series of polymer bank notes, which incorporates innovative security features that are not only easy to verify but also difficult to counterfeit, marks a significant advance in counterfeiting deterrence. Issuing new, more-secure bank notes is one of four components in the Bank’s comprehensive anticounterfeiting strategy, which was developed during the most recent episode of high levels...
Words: 4571 - Pages: 19
...Review Essay In Canada recession was less severe and they face no banking failure due to the size and diversification in their large institution has maintained their stability. New Entrant was limited by Canadian government and I exchange chartered bank with provide them financial stability, in Canada focuses on banking sector that’s why brokers dealers and security market remain much at smaller .The banking system of branch was oliogiopolisty that imply the system which has limited supply of banking services and cost as compared to their competitors . In our previous work (Bordo et al., 1994) we analyzed that the Canadian banking is not categorized in higher cost as compared to US. The banking of Canada same returns on equity and largely used MMMFSs After 1987 they became a vital part of Canada banking, at that time government had given them permission to create MMMFs and half of total MMMFs are kept at bank which means that they are within the banking system. According to (Byung kyong & Niamh Sheridan,2012) Canada’s three large bank weighted average is two an half time smaller than Australia’s four major banks however non performing rate of housing loans in Australia and Canada are almost same in recent years. The mortgages in Canada are provided by Canada mortgage and Housing Corporation own by Government are assigned at weight of zero risk, therefore the lowest risk of residential mortgages of four large Canadian banking is almost 70% in comparison with 40% of major...
Words: 3290 - Pages: 14
...In a country as wealthy as Canada, close to one million people continue to rely on food banks to provide themselves with basic necessities each month. Food Banks are used by a wide variety of people within Canada, ranging from children and families, to single people, to even individuals who are employed. People tend to use food banks because they are not able to maintain a healthy lifestyle on their own. Whether it is because of economic, social, or cultural reasons, many people have no other option but to do so. I have determined that the main cause of an increase in food bank usage in Canada is poverty. Within Canada, poverty has been an ever-present issue for many years. Although Canada is rated eighth on the Human Development Index, there continues to be a growing number of impoverished people. Individuals who are not able to provide themselves with the basic necessities of life are at an incredible disadvantage when it comes to maintaining their health and well-being. They can be exposed to many illnesses and life threats because they are not able to provide themselves with the resources needed to maintain a healthy lifestyle. Things such as food, shelter, and warmth all become optional for an individual living in poverty as they have little opportunity to better their life or living situations. Factors such as housing, education, employment, and environment are all equally important in determining an individuals economic standing. Specific groups such as Aboriginals can...
Words: 3410 - Pages: 14
