...international barriers to trade and investment. International integration is advancing rapidly, reflecting in part the development of global production chains and the rapid growth of emerging market economies. As a result of the forces of integration, international competition has become more fierce and firms are under increasing pressure to cut costs and differentiate their products to survive. Canada’s economy has numerous linkages beyond its borders, particularly with the United States. The future improvement of Canadians’ standard of living will depend in large part on foreign investment in Canada and the ability of Canadians to invest abroad. In this regard, a thriving financial sector will be a key component of our success. Canada has a small share of the global capital market. Thus, to be competitive, the Canadian capital market must be efficient and offer a low cost of capital. As much as possible, the policies and institutions that govern the Canadian financial sector should be harmonized to international standards. Made-in-Canada policies risk dampening or distorting international investment flows and should exist only where there is a demonstrable domestic imperative. Economists’ understanding of the role of financial systems as a driver of long-term economic growth has evolved considerably in recent years. Financial systems are recognized to...
Words: 9589 - Pages: 39
...will learn how Canada has sought to regulate assisted reproduction and reproductive medicine at the federal level. We will see how decisions about healthcare made in other countries impacts the United States as well as globally. The U.S. Supreme Court has long been in dispute about whether it is appropriate for the justices to take into account the views of courts in other countries. There are no comparable arguments about the importance of medical conclusions from other countries, because human anatomy and physiology are unanimous. But, law is jurisdictional. (George J. Annas, 2011) However, there are lessons to be can learned from legal controversies in foreign courts. The latest verdict of the Canadian Supreme Court on the regulation of reproductive medicine is a key model, especially because it divided the court in a five-to-four decision, giving both sides the chance to articulate powerfully held points of view. (George J. Annas, 2011) Canada’s bottom line is that reproductive medicine is a part of the practice of medicine, and since regulation of the practice of medicine is a provincial authority, supervision of reproductive medicine is not constitutional when operated by the federal government (unless it involves the prohibition of an activity that is inherently “evil”). When the justices arrived at the conclusion that procedures (and possible procedures) in the area of reproductive medicine could be split into “immoral” ones, such as cloning, germline genetic engineering...
Words: 841 - Pages: 4
...with employees’ personal and organizational skills, their personal knowledge, and abilities. Issues revolving around HR include opportunities such as employee trainings, career development of an employee, incentives and records on performance, organizational development, identification of employees and tuition assistance. The paper therefore discusses the scope of HR development in Canada. On specific issues, the paper explores accomplishments made by HR departments in the Canadian organizations. The paper also discusses the importance of the Human Resource in any organization. The paper discusses recent developments in policies guiding the Human resource. The paper enters into murky depths to explore recent changes in law and acts that guide HR departments. The paper also analyzes some of the challenges the HR face while trying to accomplish their responsibility. Finally, the paper sets some recommendations in the HR development on their efforts to improve the quality of output in organizations. Importance of HR department to a firm (A summary of Jebes, D. (2013). Recruitment And Employees Ways In Canada.) Human Resource department is an important facet in all profit and nonprofit making organizations. This department deals exclusively with the personnel of any organizations. The article explains reasons why organizations require this department. The department as an arm of the firm assists in the management of a firm. It caters issues such as personnel recruitment and interviewing...
Words: 2264 - Pages: 10
...shooting at the National War Memorial and Parliament building in Ottawa, Canada, last month has led to considerable discussion of the country's gun laws. Unlike the U.S., Canada has some of the toughest gun regulations in the world and no equivalent to the 2nd Amendment to the Constitution, which protects U.S. citizens' right to bear arms. In 1977, Canadian Legislation of Gun Control was passed by the Canadian Parliament regulating long guns for the first time, restructuring the availability of firearms, and increasing a variety of penalties. Canadian firearms law is primarily federal, and therefore national in scope, while the bulk of the firearms regulation in the United States is at the state level; attempts to introduce stricter legislation at the federal level are often defeated. The importance of this issue is that not all North Americans are necessarily supportive of strict gun control as being a feasible alternative to controlling urban violence. There are concerns with the opponents of gun control, that the professional criminal who wants a gun can obtain one, and leaves the average law-abiding citizen helpless in defending themselves against the perils of urban life. Is it our right to bear arms as North Americans? Or is it privilege? When looking at the 1977 Canadian Legislation of gun control, it is easy to see that there is some bias and assumptions present. For one, it assumes that left to its own devices the legislation will make it virtually impossible for a criminal...
Words: 540 - Pages: 3
...CHAPTER 3: The Role of Financial Intermediaries and Financial Markets FOCUS OF THE CHAPTER This chapter provides an analysis of the roles and importance of financial institutions and financial markets, two important parts of the financial system. A broad classification of Canadian financial institutions is presented with an historical overview. Some basic classifications of financial markets are described. The chapter ends with an evaluation of the importance of the financial system to the Canadian economy, and of the future of banks, given recent developments in the financial system. Learning Objectives: □ Explain what financial intermediaries do □ Explain a classification of the financial system by type of institution □ Name the original four pillars of the financial system □ Provide a classification of the financial system by type of market □ Describe the financial system in Canada □ Discuss the effects of technology and deregulation on banks, and whether banks as we know them will survive SECTION SUMMARIES Intermediation A financial intermediary (such as a bank) simultaneously interacts with savers (or lenders) and borrowers and produces a set of services which facilitate the transformation of its liabilities (such as deposits) into assets (such as loans). The function of facilitating liabilities (or assets) into assets (or liabilities) is called intermediation. Through intermediation financial intermediaries allow indirect lending (and borrowing)...
Words: 2253 - Pages: 10
...corrupt foreign practices to law enforcement in the country. Because the company self-reported their violations, they received a more lenient penalty than they would have if they concealed the bribes. The client should have an understanding of this case and how it has shaped recent Canadian legislation. Cryptometrics Canada Inc. Nazir Karigar, an intermediary for the Canadian company Cryptometrics, was involved in a foreign bribery scheme in 2006. Karigar plotted to bribe Air India officials with cash on behalf of the Canadian company to secure a contract for the supply of biometric facial recognition security technology. No bribe was actually paid, and the plan was ultimately a failure (Dattu). Recently, in 2014, Karigar was sentenced under the CFPOA to three years in prison for his role in the bribery scheme. In the sentencing decision, the court found that Karigar’s plan was sophisticated, carefully planned, and would have resulted in the payment of millions of dollars in bribes had it been successful. Karigar personally conceived and attempted to carry out the plan himself. However, they also took into...
Words: 902 - Pages: 4
...The Canadian State: Institutions and Structures The Constitution is very import in the context of the canadian state however it is not without controversy. As there has been many significant changes to fundamental rights Operational Institutions Westminster Style Parliamentary Government: derives from the british parliament in Britain meaning that we have an adversarial government. This can be expressed in the parliamentary structure of the house of commons (adversarial and conflict). High expectations of accountability in the formal legalities. The government must retain the confidence of the house (budget proposals) -legislative process: see above -party discipline: is linked to the idea of confidence, it operates through out the system. The general expectation is that members will vote along party lines. Pros: Accountability meaning that you know who is power and responsible for certain parts of the government, higher level of efficiency, fiscal and budgetary concerns, Cons: Can not always vote according to beliefs and values, inefficiency Federalism: Important driver of politics within Canada. To what extent are the types of different conflicts between the different levels of conflicts. Another reason why federalism exists is due in large part to the question of Quebec and the allocation of powers between french canada and the rest of the country. The Canadian State: Sovereignty 1867: Constitution Act, 1867 (BNA) 1926: The King-Byng Thing 1926: Nadan...
Words: 2529 - Pages: 11
...| NAFTA and Environmental Protection: Falling Short of the Mark | | | 4/11/2011 | A Look at Some of the Lasting Consequences of Investor Protection Measures | | After the negotiation of the North American Free Trade Agreement in 1992, there has been an increase in the use of Chapter 11 to defend foreign investor rights. The poignant question remains whether these rights do and should take precedence over environmental considerations. This Paper looks at the treatment of investor protection measures and environmental protections contained within NAFTA with a view to their application within international arbitration cases. | NAFTA and Environmental Protection: Falling Short of the Mark A Look at some of the lasting consequences of investor protection Measures Contents Introduction 2 NAFTA Investor Protection Measures 3 Article 1102: National Treatment 3 Article 1103: Most-Favored-Nation Treatment 6 Article 1104 & 1105: Domestic & International Minimum Standards 7 Article 1110: Expropriation and Compensation 8 The Basis for Legal Challenges 11 NAFTA Environmental Protections 13 Article 104: Environmental and Conservative Agreements 14 Article 1114: Environmental Measures 16 Language across all Environmental Provisions 17 Enforcement of Environmental Protections 18 Cases of NAFTA Chapter 11 Arbitration 19 Ethyl Corporation v. Canada 20 S.D. Myers v. Canada 21 Concluding Remarks 22 Bibliography 26 Introduction In Canada, we are proud of our...
Words: 7424 - Pages: 30
...purchases one million pounds of honey annually with at 50:50 blend of Chinese and Canadian honey which costs him $1.08 per pound. Unifine, apart from in-house usage of honey, sells 80% of its honey to one large franchise and his customers demand product consistency. With Chinese supply blocked, which is a major supplier of honey to world meeting 20% of honey demand, honey suppliers can demand a high price. Unifine’s purchasing from a single source in the past, exposed its buying strategy to unforeseen risks from sudden fall in market supply, and also proves that Unifine Richardson is no more sustainable than its supply chain. With fall in demand, Unifine is not in a position to bargain price. Its main concern at this time is to ensure uninterrupted supply so that its supply chain is not disrupted. Pincombe should decide to lock a price for Canadian honey to ensure smooth supply as a short term strategy. Long term strategy should include having diverse supplier base and backward integration, buying raw honey from local buyers and pasteurizing to ensure honey availability if this project meets ROI. Analysis and evaluation: Applying Porter’s five forces analysis for honey market it appears that buyers don’t have much influence on honey market. As honey supply has reduced by 20% in world market, suppliers are at upper hand and control market price. Honey market is influenced by government regulations and controls and CFIA can block supply of honey from any country if it does not...
Words: 725 - Pages: 3
...MacDonald President, AWC Inc. Subject: Recommendations for Compliance to Environment Regulations Dear Mr. Alex, Please find enclosed the report on the analysis of the situation AWC is facing regarding the provincial environment regulations and impacts of the options available. It also has evaluation of possible options and the recommended plan of action for AWC Inc. Sincerely Yours, Anirban Chandra Management Consultant. Summary Situation Analysis • AWC. Inc.-medium sized aluminum fabrication company, paternalistic, employee friendly with extremely committed employee base • Highly competitive market with low entry barrier • Recession in construction industry, at least to stay for three years -AWC survives on quality, price and efficiency • Canada-US trade agreement-competition in local market but US market is now accessible • New product-unique, price high volume order • Second welding line to meet the demand of the new product • Noncompliance with the Government Regulations regarding pollutions • Present welding line exposes employees to toxic products, also damaging for the environment • Recently government sensitiveness on environment related issues • Punishable offence under law with considerable probability. • Emissions systems- Exhaust systems Recirculating emissions, more expensive, satisfying employee safety and environment regulations • Impact on cash flow (for insolvency), and income statement. Problem Statement Whether...
Words: 1683 - Pages: 7
...accepting of the unbalanced nature. They have accepted the inequality as part of the rights of those with the power. PDI measures the extent to which a community will accept this division and inequality. Low Power distance would include equality factors like decentralized government with constant questioning of authority, conscious democratic structure where society is actively part of its management. High Power Distance societies are centralized hierarchical structures that reflect a paternalistic attitude to management of society. High PDI is unequal and society tends to accept the hierarchy as part of their nobility instead of a vast repression of social rights. Canada’s PDI: 39 “With a score of 39 on this dimension, Canadian culture is marked by interdependence among its inhabitants and there is value placed on egalitarianism” (geert-hofstede.com). Any...
Words: 1080 - Pages: 5
...Ch.2 * What is an economic system? Business organizations exist in an economic system or environment that provides employment for workers, pays taxes to as many as three levels of government (in Canada), and supports many charities. The system in which sellers and buyers can exchange goods and services is called a market. The local farmers market is a market. Farmers bring their fruits and vegetables to a single location to attract customers to that location. A stock exchange, like the Toronto Stock Exchange, is another example of a market. This is a market in which people can buy or sell shares. This chapter will review how the different countries of the world are divided between those that follow the concepts of command economies - socialism and communism - and those that have adopted a market economic system - capitalism and a mixed economy. The pursuit of social, economic, and political goals; the treatment, use, and motivations of the workforce; and market dynamics are different under each of the two approaches. Many countries have changed their economic systems. The strength of an economic system, or the economy overall, has a major impact on business. Canada enjoys a mixed economy. As such, economic concepts such Gross Domestic Product (GDP), productivity, unemployment rates, inflation, Consumer Price Index (CPI), and the overall business cycle, need to be carefully and continuously monitored, understood, and analyzed. Learning Goals Key Concept/Learning Goal...
Words: 2825 - Pages: 12
...This document may not be fully accessible. For an accessible version, please visit http://www.international.gc.ca/commerce/strategy-strategie/r3.aspx Overview of the Association of Southeast Asian Nations (ASEAN) Updated June 2012 The Canadian Trade Commissioner Service presents a Global Commerce Strategy Priority Market The Association of Southeast Asian Nations (ASEAN) 1 —Brunei Darussalam, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam—makes up one of the world’s fastest growing economic regions. In December 2008, ASEAN’s Charter came into force, granting ASEAN status as an international legal entity. With an estimated combined gross domestic product (GDP) of $2.1 trillion and a combined population of about 609 million people, ASEAN is a regional economic force that is quickly becoming the free trade hub of Asia. It has concluded free trade agreements with China, India, Japan, Korea, and Australia/New Zealand, has completed a Trade and Investment Framework Arrangement with the United States, and is in the process of pursuing several other trade and investment agreements. The ASEANChina FTA, which came into force in 2010, represents one of the largest free-trade zones in the world, with an estimated 2.0 billion consumers. ASEAN is also pursuing further internal integration with the establishment an Economic Community (target date 2015), which would harmonize trade laws and permit the free movement of goods, services, labour, and capital...
Words: 1554 - Pages: 7
...senate and the importance of Quebec emerging in late 1900's. Governments in Canada have developed relations between themselves, involving government and legislation. Inter government relations resemble international diplomacy( meetings with prime minister, provincial premiers, staff and flags). Conducted by government and politicians who have to be sure of the fact that what they do in inter government relations is public and people are watching them. Proponents of the western alienation may suggest that complaints in western Canada most often have to do with matters falling within the jurisdiction of the federal government, such as trade policy, tariffs, equalization procedures, and various aspects of fiscal arrangements pertaining to federal social program investment and expenditure. The West wants fair rules and regulations regarding these matters of federal concern. Thus, this desire should not be correlated with the demand for more provincial powers or jurisdiction. The most popular form of representation in the house of commons is the senate, in Canada the senate is appointed by the Prime Minister. Although the senate in Canada does not represent any provinces, central Canada(Ontario,Quebec) has always been the main priority for the federal government because these provinces account for a large number of seats in the house of commons. The creation of the Charter rights and Freedom in 1982 has given provinces the right to create laws and regulations in their respective...
Words: 3886 - Pages: 16
...Last year, Eric Migicovsky was scrounging for funding to mass-produce a smart watch. The 26-year-old Canadian and his small company had already built a watch that synced with the BlackBerry, but he was looking to produce a more advanced version to connect with iPhone and Android smartphones. Called Pebble, the smart watch would be able to display call, text and e-mail notifications, and allow the users to control music on their phones. Migicovsky, who relocated to Palo Alto, Calif., after graduating from the University of Waterloo, tried and failed to drum up funding from venture capitalists. Then he turned to Kickstarter, the crowd-funding website. On Kickstarter, anyone can donate money to entrepreneurs, artists and other creative types seeking to raise funds for their projects. In exchange, backers could receive a finished product (as Migicovsky promised backers of Pebble) or a token of gratitude, such as T-shirts or tote bags. Migicovsky set a goal to raise US$100,000, which he figured would be enough to produce a thousand smart watches, and launched his fundraising drive on April 11, 2012. Within two hours, Migicovsky had already met his goal. By the next day, he hit $1 million. “Right from the day that we launched, it kind of exploded,” Migicovsky recalls. When the fundraising period closed a month later, nearly 69,000 people had donated a combined total of $10,266,845. (There are no funding limits on Kickstarter, which takes a percentage of the cash raised. Massively...
Words: 1536 - Pages: 7