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    <title>Money Matters</title>
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    <id>tag:www.businessreviewcanada.ca,2011-08-25:/money_matters//220</id>
    <updated>2013-05-14T18:43:49Z</updated>
    <subtitle>Business Review Canada</subtitle>
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<entry>
    <title>Are Businesses Becoming More Mobile in Canada? </title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/are-businesses-becoming-more-mobile-in-canada" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.555548</id>

    <published>2013-05-14T17:01:28Z</published>
    <updated>2013-05-14T18:43:49Z</updated>

    <summary>The future of mobile payment processing looks exceptionally bright in Canada</summary>
    <author>
        <name>Emily Couch</name>
        
    </author>
    
    <category term="mastercard" label="MasterCard" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="mobilepayments" label="mobile payments" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="processingmobilepayments" label="Processing mobile payments" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="tinasamuels" label="Tina Samuels" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	<em>By:</em>&nbsp;<em>Tina Samuels</em></p>
<p>
	While most mobile marketing media points to the United States as an innovative place for mobile technology, Canada is a strong market.</p>
<p>
	Canadians have long been considered by businesses as more open to early adoption of new innovation. In 2012, the country had the one of the highest amounts of mobile payments processed in the world.</p>
<p>
	As the century moves forward, Canada is becoming a world leader in mobile payment acceptance and utilization.</p>
<p>
	<strong>MasterCard</strong></p>
<p>
	MasterCard is one of the companies that sees Canada as the place to be. In fact the company is launching a new mobile payment solution in Canada called MasterPass.</p>
<p>
	This platform will allow vendors and consumers a way to process or use mobile payments with just a tap or two.</p>
<p>
	The platform is a sort of virtual wallet that allows consumers to enter information from up to 25 credit cards, including MasterCard competitors. Instead of working against competitors (other credit card issuers) MasterPass allows consumers to use their preferred card which makes life easier for consumers. The platform reduces the number of apps a consumer will need on their phone and the number of sign-ins needed to make purchases.</p>
<p>
	Many shopping carts are abandoned due to onerous sign in policies or purchasing requirements that aren&#39;t mobile device friendly. MasterPass aims to make shopping easier online and off.</p>
<p>
	They hope to reduce the number of abandoned virtual shopping carts with their ease of access and multiple credit card &#39;wallet&#39; or &#39;locker&#39;. The company notes that they are not just a credit card company but a payment company.</p>
<p>
	<strong>Read related content:&nbsp;</strong></p>
<ul>
	<li>
		<strong><a href="http://www.businessreviewcanada.ca/money_matters/cibc-and-rogers-perform-first-canadian-smartphone-mobile-payment" target="_blank">CIBC and Rogers Perform First Canadian Smartphone Mobile Payment</a></strong></li>
	<li>
		<strong><a href="http://www.businessreviewcanada.ca/business_leaders/rim-to-provide-mobile-payment-software-in-canada" target="_blank">RIM to Provide Mobile Payment Software in Canada</a></strong></li>
	<li>
		<strong><a href="http://www.businessreviewcanada.ca/money_matters/canada-changes-credit-card-code-in-anticipation-of-mobile-payments" target="_blank">Canada Changes Credit Card Code in Anticipation of Mobile Payments</a></strong></li>
</ul>
<p>
	<strong>Mobile Reference Model</strong></p>
<p>
	The Canadian Government announced a mobile payments guidelines solution for the entire country in 2012.</p>
<p>
	The solution was dubbed the Mobile Reference Model and was issued as voluntary guidelines for financial institutions, payment card companies, telecommunications companies, and merchants around the country. The MRM was intended to help all of the companies and consumers work together to safely transfer payments and payment information.</p>
<p>
	The most used form of mobile payments in Canada is the NFC or &#39;tap and go&#39; system.</p>
<p>
	The Canadian Government put together an overview of the system and voluntary guidelines for consumers and businesses. It can be found <a href="http://www.cba.ca/contents/files/misc/msc_20120514_mobile_summary_en.pdf">here</a>.</p>
<p>
	This document also covers the types of hardware and software that is compatible with the NFC system. Most consumers that use the system have the correct hardware (mobile smart phones), though they need to install the software. Apps are usually available through the smartphone&#39;s &#39;store&#39; app pre-installed on phones. Apps can also be downloaded via the internet.</p>
<p>
	<strong>Future of Mobile In Canada</strong></p>
<p>
	Finally, the future of mobile payment processing looks exceptionally bright in Canada.</p>
<p>
	As one of the most technologically progressive countries in the world, Canada has the distinction of being where many companies test-launch mobile systems. MasterCard is taking advantage of Canada&#39;s open-minded approach to technology. Other systems from Visa and PayPal are popular as well.</p>
<p>
	The country&#39;s largest mobile phone service provider, Roger&#39;s, has plans to expand the number of phones provided that are NFC compatible. Eventually all mobile phones will be able to accept or send mobile payments.</p>
<p>
	<em>About the Author: Tina Samuels writes for small business owners, giving advice on&nbsp; </em><a href="https://www.wepay.com/"><em>how to accept payments </em></a><em>and the virtues of social media</em>.</p>
]]>
        
    </content>
</entry>

<entry>
    <title>Bank Promotions That Make Up for Low Interest Rates Today</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/bank-promotions-that-make-up-for-low-interest-rates-today" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.555365</id>

    <published>2013-05-07T16:01:24Z</published>
    <updated>2013-05-09T16:32:39Z</updated>

    <summary>GoBankingRates discovers that despite near-zero interest rates today, a handful of bank promotions found throughout the U.S. make the banking experience worthwhile</summary>
    <author>
        <name>Emily Couch</name>
        
    </author>
    
    <category term="americannationalbank" label="American National Bank" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="bankcustomers" label="bank customers" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="bankpromotions" label="bank promotions" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="bbvacompass" label="BBVA Compass" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="gobankingrates" label="GoBankingRates" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="gobankingratescom" label="GoBankingRates.com" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="plazabank" label="Plaza Bank" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="psbank" label="PS Bank" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="sovereignbank" label="Sovereign Bank" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="usbankpermierbank" label="US Bank Permier Bank" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        
        <![CDATA[<p>
	By: <a href="http://www.gobankingrates.com/banking/bank-promotions-compensate-interest-rates-today/ " target="_blank">GoBankingRates</a></p>
<p>
	In an official statement by the Federal Reserve, the federal funds rate &ndash; an important benchmark for consumer interest rates &ndash; is expected to remain at zero to .25% through mid-2015. With such dire news for consumers attempting to grow their savings with interest offered on deposit accounts, GoBankingRates investigates how Americans can still gain a financial edge despite low interest rates today, and finds seven bank promotions whose value makes up for lowered rates.</p>
<p>
	GoBankingRates editor, Jennifer Calonia, says, &ldquo;In today&rsquo;s economy, it&rsquo;s important for bank customers to ensure their savings remain priority number one. If the bank can&rsquo;t offer a savings account rate higher than 0.05 percent, the next question to ask your bank is, &lsquo;What else can you offer me?&rsquo;&quot;</p>
<p>
	Calonia adds, &quot;Bank promotions, whether temporarily tied to a product or simply a giveaway, get consumers more for their money.&rdquo;</p>
<p>
	The findings in the report uncover seven bank promotions that range in value from $25 to as much as an entire year&rsquo;s worth of mortgage loan payments.</p>
<p>
	Offers are from US Bank, Plaza Bank, Sovereign Bank, PS Bank, BBVA Compass, Premier Bank and American National Bank.</p>
<p>
	<strong>#1. US Bank &ndash; S.T.A.R.T. Savings</strong></p>
<p>
	Customers of US Bank can link a new or existing US Bank checking account to the bank&rsquo;s S.T.A.R.T. savings program for cash back rewards that are rare to find. In order to start saving money, you can either set up standard automatic transfers from their checking account to their savings account, or establish an automatic transfer of $0.25 &ndash; $5 per check card purchase.</p>
<p>
	After reaching the first $1,000 in the savings account, you&rsquo;ll receive a $50 U.S. Bank Rewards Visa Card. Those who maintain a $1,000 or more account balance in the S.T.A.R.T. Savings fund after a year will receive an additional $50 Visa card &mdash; essentially a 10% return in total.</p>
<p>
	<strong>#2. Plaza Bank &ndash; Online Bill Pay</strong></p>
<p>
	The best bank promotions give you perks for the doing the things you&rsquo;re already doing. At Plaza Bank, customers receive the convenience of online banking features that turn banking into a seamless experience. Their current offer encourages customers to take advantage of the full online banking process with its online bill pay functionality.</p>
<p>
	Customers who have set up online banking, but do not use automatic bill pay, can receive a $25 Target gift card if they clear three) bill payments online within the month of February, March and April. Those who already use automatic bill pay more than three times per month, must make seven bill payments within each month to still qualify for the $25 Target gift card prize.</p>
<p>
	While this promotion is already in full swing, it&rsquo;s apparent that Plaza Bank knows how to reward its loyal customers.</p>
<p>
	<strong>#3. Sovereign Bank &ndash; Checking Account Packages</strong></p>
<p>
	Having options is always ideal, and Sovereign Bank ensures that you retain control of your own financial success with tiered bank promotions that let depositors choose how much cash back they receive.</p>
<p>
	Upon activating one of three checking account packages by March 31, you simply need to make a minimum of five debit card purchases or one direct deposit processed by May 1. Those who fulfill these requirements receive a cash bonus of $50 &ndash; $125, depending on the checking account package selected.</p>
<p>
	Cited from: http://www.gobankingrates.com/banking/bank-promotions-compensate-interest-rates-today/#ixzz2OshUPw2t</p>
<p>
	<strong>#4. PS Bank &ndash; eStatements</strong></p>
<p>
	Green living and exotic cruises may seem like two totally disconnected concepts, but the team at PS Bank bridges the them together with arguably one of the best bank promotions available. Those who sign up for eStatements will be entered into a drawing for a 3-4 Night Bahamas Cruise with Royal Caribbean with a guest.</p>
<p>
	It&rsquo;s as simple as that. The promotion is scheduled to run until April 15, 2013 and the winner will be selected at random.</p>
<p>
	<strong>#5. BBVA Compass Bank &ndash; Checking Account</strong></p>
<p>
	Most financial institutions, especially big banks, have eliminated high deposit interest rates and rewards programs from checking account product features. At BBVA Compass Bank, customers receive something else that&rsquo;s just as helpful: A Kindle Fire HD tablet. Simply open a new checking account with the bank and provide a minimum $25 opening deposit. Then, make three qualifying payments and setup one direct deposit into the account within 90 days to receive a Kindle.</p>
<p>
	These types of bank promotions help you regain the financial advantage regardless of low interest rates today. And the incentives don&rsquo;t stop there &mdash; mortgage loan bank promotions are extremely popular these days, as the housing market begins to see improvement.</p>
<p>
	If you&rsquo;re in the market for a new home, look into the following bank promotions that add significant savings to your bank account.</p>
<p>
	<strong>#6. Premier Bank &ndash; Mortgage Freebie</strong></p>
<p>
	Premier Bank&rsquo;s current Mortgage Madness TV Giveaway promotion offers customers the chance to win a free 42&Prime; flat screen TV. There are two ways to enter: 1) Submit a mortgage or refinance application, or 2) Fill out an entry form at a Premier Bank location.</p>
<p>
	One entry is permitted per person, per day, so increasing your chances of winning one of three TV prizes is easy. There is also no purchase necessary to enter or claim the prize.</p>
<p>
	<strong>#7. American National Bank &ndash; Mortgage or Refinance</strong></p>
<p>
	Mortgage payments are usually the biggest monthly expense homeowners contend with, and can be difficult to manage despite today&rsquo;s affordable interest rates. American National Bank provides its customers with a generous opportunity to win $1,000 mortgage payments for an entire year.</p>
<p>
	When you open and activate a mortgage loan, mortgage refinance, home equity loan or home equity line of credit from now until the promotional period (December 31, 2013 at 6:00 p.m. Central Standard Time), customers are automatically entered into the drawing. The total cash value of the prize is an impressive $14,000.</p>
<p>
	With so many bank promotions, rewards and prizes waiting to be claimed, there&rsquo;s no reason to let interest rates today hinder you from getting more for your money.</p>
]]>
    </content>
</entry>

<entry>
    <title>Ten Tips to Successfully Audit your Internal Business Operations this Spring</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/ten-tips-to-successfully-audit-your-internal-business-operations-this-spring" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.554579</id>

    <published>2013-04-04T22:19:01Z</published>
    <updated>2013-04-04T22:26:22Z</updated>

    <summary></summary>
    <author>
        <name>Kristin Craik</name>
        <uri>http://www.businessreviewcanada.ca/authors/kristin-craik/index.html</uri>
    </author>
    
    <category term="bsicanada" label="BSI Canada" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="businessaudit" label="business audit" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="businessoperations" label="business operations" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	&nbsp;</p>
<p>
	With spring around the corner many Canadians are organizing themselves for the year ahead. With year-end behind us, many businesses are doing the same.</p>
<p>
	For managers focused on setting their business up for success in 2013, taking stock of internal operations is an important task.</p>
<p>
	Gary Robinson, Commercial Director for <a href="http://www.bsigroup.ca/">BSI Canada</a>, one of the world&rsquo;s first standards organizations, is encouraging Canadian business owners and managers to take on the role of the auditor this spring to do an internal analysis of how their staff is performing to meet desired objectives.</p>
<p>
	He has compiled a list of tips to help business managers approach internal audits within their companies. &nbsp;The ten tips below are a starting point for any manager who is looking to review their operations in a way that will help engage employees in playing a meaningful role in achieving excellence in business:</p>
<ol>
	<li>
		<strong>Ensure systems and processes are clear:</strong>&nbsp;Systems should be outlined clearly and important information needs to be accessible and identifiable in case of emergency. It is unreasonable to expect employees to respond to situations in a pre-determined way if those systems aren&rsquo;t clear.</li>
	<li>
		<strong>Enter the area with respect</strong>: Reinforce to employees that they are the expert in their area and you are relying on them to show you what is working and what is not working. Empowering people in this way will make the process more seamless and will generate better results.</li>
	<li>
		<strong>Get employees talking:&nbsp;</strong>The more you listen, the more information you will have to improve the way the business works. Internal audits aren&rsquo;t about telling employees what they are doing right and wrong, they are about better understanding the way the business is working in reality.</li>
	<li>
		<strong>Focus on every area of the organization:</strong>&nbsp;A one per cent improvement in 100 areas is better than a 100 per cent improvement in one area. Invest in improvement in all areas of the business.</li>
	<li>
		<strong>Embrace non-conformance:</strong>&nbsp;If the attitude towards internal audits is that the auditor is &lsquo;out to get you&rsquo;, it will discourage staff to expose when things have gone wrong or aren&rsquo;t going as expected. Create an environment where non-conformances are seen as opportunities to improve the business.</li>
	<li>
		&nbsp;<strong>Shift the focus towards how to improve:&nbsp;</strong>Instead of looking for instances where things have gone wrong, ask employees whether or not they have thought of ways to improve processes in order to receive proactive solutions.</li>
	<li>
		<strong>Look for signs of weakness:&nbsp;</strong>Be proactive and look for areas in the business that are starting to show signs of weakness, this way you can do something to make those areas stronger before they cause a non-conformance.</li>
	<li>
		<strong>Measure &amp; track key areas of the business:</strong>&nbsp;If a fault arises, having concrete data to help navigate the issue will save the organization time and money. When auditing systems, this information is used to distinguish between what has changed and what has stayed the same.</li>
	<li>
		<strong>Think about what is in it for employees:&nbsp;</strong>Not every employee will like or embrace others&rsquo; idea of continual improvement. When it comes to corrective action, the path of least resistance is found by answering the very important question of what is in it for them to engage with the process.</li>
	<li>
		<strong>Provide balanced reports:&nbsp;</strong>It is very important to report back to staff with both positive and negative results. If results are too heavily skewed on one side or the other, you may diminish the potential for improvement.</li>
</ol>
<p>
	&nbsp;</p>
<p>
	Robinson has seen that making excellence a habit rests on working with people to set up systems that are clear, accessible and that strive to meet determined objectives.</p>
]]>
        
    </content>
</entry>

<entry>
    <title>Fongo Interested in Acquiring WIND Mobile</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/fongo-interested-in-acquiring-wind-mobile" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.554362</id>

    <published>2013-03-27T19:54:55Z</published>
    <updated>2013-03-27T19:59:05Z</updated>

    <summary>Fongo would expand WIND Mobile service across Canada</summary>
    <author>
        <name>Kristin Craik</name>
        <uri>http://www.businessreviewcanada.ca/authors/kristin-craik/index.html</uri>
    </author>
    
    <category term="fongo" label="Fongo" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="mobileapp" label="mobile app" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="windmobile" label="WIND mobile" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="wirelessindustry" label="wireless industry" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	&nbsp;</p>
<p>
	<a href="http://www.fongo.com/">Fongo</a>, a Canadian mobile telecommunications company, has announced its interest in acquiring <a href="http://www.windmobile.ca/en/Pages/default.aspx">WIND Mobile</a>. &nbsp;As WIND Mobile parent company Orascom has suggested a potential sale of WIND Mobile, Fongo would be interested in expanding the company across the Canadian wireless market.</p>
<p>
	&quot;WIND Mobile has done a fantastic job of signing up some of the most forward thinking mobile consumers in the country and has taught Canadians that there can be alternatives to traditional wireless service,&quot; said Jody Schnarr, CEO of Fongo Inc. &quot;By combining WIND&#39;s wireless assets with Fongo&#39;s proven ability to deliver innovative mobile solutions, Canadians will have true choice and a service that is radically different from anything else out there.&quot;</p>
<p>
	Fongo currently provides 250,000 Canadians with free mobile phone service. Fongo offers its users a free phone number, unlimited messaging, unlimited calling across Canada through a mobile app that can be downloaded onto an iPhone, iPod touch and/or Android phone.</p>
<p>
	&quot;Fongo has accomplished what everyone told us was impossible&mdash;we figured out how to make mobile calling not only free, but profitable,&quot; said Dave Bullock, president of Fongo. &quot;We re-imagined how a mobile calling service should work, and the result is saving each of our customers hundreds of dollars a year off their mobile bill.&quot;</p>
<p>
	WIND Mobile currently provides wireless service to customers in Ontario with additional coverage in Calgary, Edmonton and Vancouver. Fongo would immediately extend WIND Mobile service nationwide. WIND customers would be transitioned to Fongo during a transition period of 12 months.</p>
<p>
	&quot;This story should not end with WIND Mobile being absorbed by one of the incumbent telecommunications companies in Canada,&quot; added Bullock. &quot;And it certainly shouldn&#39;t end with WIND Mobile being sold to yet another foreign owned telecom conglomerate. Canadians deserve a Canadian owned carrier that provides a true alternative solution.&quot;</p>
]]>
        
    </content>
</entry>

<entry>
    <title>Ontario Still Seeing Growth in Canada&apos;s Video Game Industry</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/ontario-still-seeing-growth-in-canadas-video-game-industry" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.554312</id>

    <published>2013-03-25T17:44:00Z</published>
    <updated>2013-03-25T17:56:09Z</updated>

    <summary>Ontario ranked as top industry growth province for video game development</summary>
    <author>
        <name>Kristin Craik</name>
        <uri>http://www.businessreviewcanada.ca/authors/kristin-craik/index.html</uri>
    </author>
    
    <category term="canadasvideogameindustry" label="Canada&apos;s video game industry" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="ontariotechnologycorridor" label="Ontario Technology Corridor" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="videogame" label="video game" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="videogamedevelopment" label="video game development" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="videogameindustry" label="video game industry" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	&nbsp;</p>
<p>
	The <a href="http://www.businessreviewcanada.ca/money_matters/ontario-becoming-mecca-for-video-game-companies">Ontario Technology Corridor</a> is still seeing interest and growth in the video game development industry. For video games in general, Canada is ranked as the third most popular country for development, passing up the UK in 2010. From this success, Ontario has become a leading province with an expected growth rate of 21 per cent for video game companies.</p>
<p>
	Ontario currently employs 2,600 in the video game industry with the highest percentage of such companies at 30 per cent. Even further, earlier this month Ontario&rsquo;s industry attracted <a href="http://tocaboca.com/">Toca Boca</a>, a leading digital toy app developer, whom through acquisition started Sago Sago studio. This marks Toca Boca&rsquo;s first investment in Canada through the Ontario Technology Corridor which already hosts leading developers such as Google, Electronic Arts, Gameloft and <a href="http://www.businessreviewcanada.ca/business_leaders/arkadium-mobile-gaming-office-opens-in-toronto">Arkadium</a>.</p>
<p>
	&ldquo;While our region&rsquo;s strengths in digital entertainment have attracted large studio wins like Ubisoft, Ontario&rsquo;s world class talent and targeted financial incentives have created a powerful concentration of highly innovative companies and a vibrant digital media and video gaming ecosystem. Our message at GDC 2013 is this: If your company is growing quickly and expanding, join us in Ontario,&rdquo; says Darius Basarab, Senior Business Development Specialist, Ontario Ministry of Economic Development, Trade and Employment.</p>
<p>
	What makes Ontario so attractive to the video game industry? The Ontario Technology Corridor offers the following incentives to bring further investment into the province including the Ontario Computer Animation and Special Effects Tax Credit (OCASE) &ndash;a refundable tax credit of 20 per cent, the Ontario Interactive Digital Media Tax Credit (OIDMTC)&mdash;a tax credit of 35-40 per cent, the Ontario Media Development Corporation (OMDC) Interactive Digital Media Fund &ndash; a contribution of up to $150,000/maximum of 50 per cent of project budget, the Ontario Production Service tax Credit (OPSTC) &ndash;a refundable tax credit of 25 per cent, SR&amp;ED&mdash;tax incentives to reduce R&amp;D costs, and the Ontario Media Development Corporation (OMDC) tax incentives.&nbsp;</p>
]]>
        
    </content>
</entry>

<entry>
    <title>Canadian Government is Phasing Out Printed Cheques</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/canadian-government-is-phasing-out-printed-cheques" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.554289</id>

    <published>2013-03-22T18:41:45Z</published>
    <updated>2013-03-22T18:48:26Z</updated>

    <summary>By April 1, 2016, Canadian individuals and businesses will no longer receive paper cheques in the mail.</summary>
    <author>
        <name>Contributor</name>
        
    </author>
    
    <category term="directdeposit" label="direct deposit" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="newscanada" label="News Canada" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	&nbsp;</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	With a three-year plan underway, the federal government is phasing out printed cheques completely in favour of faster, safer and more convenient &#39;direct deposit&#39; payments. By April 1, 2016, Canadian individuals and businesses will no longer receive paper cheques in the mail.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	As early as 2014, this initiative is expected to save approximately $17.4 million per year. The cost to produce a cheque is approximately 82 cents, while a direct deposit works out to only 13 cents to process.&nbsp;In future, a cheque will only be issued under exceptional circumstances, for example when someone does not have access to a financial institution because they live in a remote location.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	&quot;The Government of Canada is committed to using taxpayer dollars wisely,&quot; says Rona&nbsp;Ambrose, Minister of Public Works and Government Services and Minister for Status of Women. &quot;Increasing the direct deposit service will contribute significant savings by a reduction in the use of paper, plus related cheque-printing and delivery costs.&quot;</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	She points out that the Receiver General issues more than 275 million payments annually, of which close to 79 % are already made by direct deposit. Citizens and businesses currently receiving federal government cheques have the next three years to register for the change. Enrollment forms are obtained from the Receiver General web site, or from federal government departments. Starting immediately, the only method for new payment recipients will be as direct deposit.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	By modernizing and saving taxpayer dollars, this plan is also in tandem with the Federal Sustainable Development Strategy aimed at reducing paper consumption and reducing greenhouse gas emissions.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	More information, including enrolment forms, is available online at www.directdeposit.gc.ca.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	<i>--<a href="http://www.newscanada.com">News Canada</a></i></p>
]]>
        
    </content>
</entry>

<entry>
    <title>Canada Real Estate Remains Promising for Foreign Investors</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/canada-real-estate-remains-promising-for-foreign-investors" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.554256</id>

    <published>2013-03-21T18:14:02Z</published>
    <updated>2013-03-21T18:36:13Z</updated>

    <summary>Analysis Based on Recent Data that Proves Canada as a Potential Market for Investors</summary>
    <author>
        <name>Contributor</name>
        
    </author>
    
    <category term="canadianinvestment" label="Canadian investment" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="canadianmortgage" label="Canadian mortgage" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="canadianrealestate" label="Canadian Real Estate" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="mortgage" label="mortgage" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="syndicatemortgages" label="Syndicate Mortgages" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	Mortgage and housing market expert, Marcus Arkan, who also works as the CTO of Syndicate Mortgages, has recently presented his view on opportunities available for foreign investors in Canada&rsquo;s housing market. According to Mr. Arkan, local housing markets are not only filled with plenty of diverse opportunities, but investment does not require going through a hefty and complicated process.<br />
	<br />
	Mr. Arkan&rsquo;s opinion is backed by New York Time&rsquo;s international real estate article that also highlights the investment opportunities for foreign investors, especially from the US. &ldquo;While the market is no longer in its red hot state it was about a year ago, it actually improves the chances for foreign investors. The market is softening and there is plenty of price adjustment. Still, Canada mortgage rates are lower and people are interested in buying.&rdquo;<br />
	<br />
	The New York Times article states that the Vancouver market is attractive for foreign investors. According to it, nearly 25% of the buyers seeking property in Vancouver are from foreign countries. However, it also pointed out a minor drop in foreign investment due to several different factors recently. &ldquo;Last year, mortgage rule changes were a nightmare for many of the buyers and investors. Of course, there were some pretty ugly predictions made by some of the analysts. However, there are plenty of local markets that have proven their resilience to all these factors,&rdquo; Mr. Arkan explains.<br />
	<br />
	In this aspect, Financial Post also published an article that discusses the prospects of real estate investment in Canada. The article highlights the difference between buying a property directly as an owner and investing through listed securities such as REITs. &ldquo;There are a number of REITS in Vancouver and Toronto. They are popular due to the transparency and liquidity they offer to all kinds of investors,&rdquo; Mr. Arkan added.<br />
	<br />
	However, Mr. Arkan also stated some of the drawbacks of REITs when compared to private investments. He said that public real estate is more prone to stock market conditions and downturn. While private real estate does offer higher returns and more control, liquidity and fee are major concerns that keep investors away from the option.<br />
	<br />
	Conclusively, Mr. Arkan emphasized the importance of consulting a housing market expert before making an investment in any of Canada&rsquo;s markets. Mr. Arkan shares his valuable advice and opinions on Syndicate Mortgage blogs. Learn more about Canada housing market and investment opportunities at&nbsp;<a href="http://www.syndicatemortgages.com/" target="_blank">www.syndicatemortgages.com</a><br />
	<br />
	About Syndicate Mortgages Inc.<br />
	Syndicate Mortgages Inc. is one of the leading Canadian mortgage brokerage firms. Founded in 2008 in Ontario, the company specializes in residential, commercial and construction financing across Canada. With years of experience and expertise in the mortgage industry, and access to an array of lending institutions across Canada, Syndicate is known for finding the best mortgage rates for their customers. Syndicate has branch locations across Canada. For contact, please use the following details.</p>
<table>
	
		<tr>
			<td style="margin-right:10px;" width="210">
				<img border="0" src="http://www.businessreviewcanada.ca/money_matters/assets_c/2013/01/Celine%20Dion%27s%20Luxury%20Mansion-thumb-610xauto-80269.jpg" width="200" />
				<p>
					<a href="http://www.businessreviewcanada.ca/money_matters/canadas-luxury-real-estate-sees-successful-2012">Canada&#39;s Luxury Real Estate Sees Successful 2012</a></p>
			</td>
			<td style="margin-right:10px;" width="210">
				<img border="0" src="http://www.businessreviewcanada.ca/money_matters/assets_c/2012/08/Canadian-Real-Estate-thumb-610xauto-73068.jpg" width="200" />
				<p>
					<a href="http://www.businessreviewcanada.ca/money_matters/the-canadian-property-boom-when-will-the-bubble-burst">The Canadian Property Boom - When Will the Bubble Burst?</a></p>
			</td>
			<td width="200">
				<img border="0" src="http://www.businessreviewcanada.ca/money_matters/assets_c/2011/06/A%20house%20for%20sale%20in%20Vancouver-thumb-610xauto-41638.jpg" width="200" />
				<p>
					<a href="http://www.businessreviewcanada.ca/money_matters/canadian-real-estate-sales-drop-with-prices-rising-slightly">Canadian Real Estate Sales Drop with Prices Rising Slightly</a></p>
			</td>
		</tr>
	
</table>]]>
        
    </content>
</entry>

<entry>
    <title>Lululemon Recalls See-Through Yoga Pants </title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/lululuemon-recalls-see-through-yoga-pants" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.554202</id>

    <published>2013-03-19T16:22:07Z</published>
    <updated>2013-03-19T18:18:47Z</updated>

    <summary>Lululemon luon pants found to be sheer and not up to the company&apos;s manufacturing standards</summary>
    <author>
        <name>Kristin Craik</name>
        <uri>http://www.businessreviewcanada.ca/authors/kristin-craik/index.html</uri>
    </author>
    
    <category term="lululemon" label="Lululemon" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="lululemonyogapants" label="lululemon yoga pants" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="lululuemonluonpants" label="lululuemon luon pants" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="recall" label="recall" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="seethroughpants" label="see-through pants" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="yogapants" label="yoga pants" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	&nbsp;</p>
<p>
	<a href="http://shop.lululemon.com/home.jsp">Lululemon</a> announced today the recall of a batch of their women&rsquo;s yoga pants, or women&rsquo;s luon bottoms. The company stated that the ingredients, weight and longevity qualities of pants sold on or after March 1st are not up to standard and result in a level of sheerness that falls short of Lululemon&rsquo;s <a href="http://www.businessreviewcanada.ca/marketing/social-media/market-pose-of-tranquility">regular quality</a>.</p>
<p>
	&ldquo;Since we have been made aware of the issue, we have moved swiftly across all channels to ensure that the affected product does not end up in the hands of our guests,&rdquo; said <em><a href="http://www.businessreviewcanada.ca/money_matters/lululemon-reports-profitable-q2">Lululemon</a></em> in an official statement.</p>
<p>
	The issue was discovered on Monday, March 11th. Lululemon removed the pants from stores, showrooms and its e-commerce site by March 16th. The company is amid investigation as to why the quality of the fabric was not up to par, but those customers who have purchased the luon pants are welcome to return them for a full refund or exchange.</p>
<p>
	&ldquo;We are in the process of identifying the production issue, and will resume production and shipment of the product when the issue has been addressed and corrected,&rdquo; said Lululemon.</p>
<p>
	This recall will also affect supplies, with an expected shortage while Lululemon works to replace the low quality product.</p>
<p>
	&ldquo;We are also exploring all opportunities to increase inventory levels as quickly as possible, so long as our standards are met,&rdquo; said Lululemon.</p>
<p>
	Affected pants will be recycled as according to the process the company already has in place to take care of product that doesn&rsquo;t meet Lululemon quality standards. &nbsp;</p>
]]>
        
    </content>
</entry>

<entry>
    <title>Incentives &amp; Rewards in the 21st Century</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/incentives-rewards-in-the-21st-century" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.554085</id>

    <published>2013-03-12T22:53:31Z</published>
    <updated>2013-03-12T23:06:07Z</updated>

    <summary>What Melts Your Employees&apos; Butter?</summary>
    <author>
        <name>Contributor</name>
        
    </author>
    
    <category term="employeemotivation" label="employee motivation" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="futuresense" label="FutureSense" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="jimfinkelstein" label="Jim Finkelstein" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="melissamead" label="Melissa Mead" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	&nbsp;</p>
<p style="">
	<strong>Written by:&nbsp;Jim Finkelstein and Melissa Mead,<a href="http://www.futuresense.com/"> FutureSense, Inc</a>.&nbsp;</strong></p>
<p align="center">
	&nbsp;</p>
<p align="center">
	<strong><em>&ldquo;Real success is finding your lifework in the work that you love&rdquo; </em></strong></p>
<p align="center">
	<strong><em>- David McCullough</em></strong></p>
<p>
	There&rsquo;s no law that says you must actually <em>like </em>your job.&nbsp; But what is it that motivates people to get up every day and go to work?&nbsp; And think about this, if your employee population all won the lottery tomorrow &ndash; that is, they were all financially set for life &ndash; 95%-98% of them would not show up the next day!&nbsp; Can you really and truly afford to not understand what melts their butter?</p>
<p>
	Maybe it has something to do with the rewards, recognition and incentives that accompany showing up and staying for years on end.&nbsp; Some will argue that the bona fide way to a committed and loyal employee&rsquo;s heart is solely through monetary earnings, not to mention the gratification of a steady income. Or maybe, it has to do with working in an inspired environment, where appreciation and respect for fellow co-workers and employer not only <em>exists </em>but is the norm.&nbsp; People want to feel wanted and appreciated. It&rsquo;s only human nature.</p>
<p>
	<strong>Preventing the Butter from Hardening</strong></p>
<p>
	Let&rsquo;s first start with understanding what turnoffs to an employee are.&nbsp; Performance appraisals in the workplace are frequent, and nearly impossible to avoid.&nbsp; They are the quintessential &ldquo;CYA&rdquo; activity.&nbsp; But why do people shun the word &ldquo;appraisal&rdquo; as if it were the plague? &nbsp;</p>
<p>
	Performance appraisals shouldn&rsquo;t be feared. In fact, they should be welcomed with open arms. In an ideal world, employers wouldn&rsquo;t &ldquo;manage&rdquo; people like two-year-olds. Rather, they would encourage skill development and offer training, mentoring and coaching to make that happen. This way, there would be a whole lot more empowerment going on, instead of nitty-gritty micro-management, which everyone just <em>loves.&nbsp;</em></p>
<p>
	Rather than scrutinizing every little minute detail or skill involved with an employee&rsquo;s work style or work ethic, or way of going about daily tasks, it&rsquo;s certainly more encouraging to ground oneself in a comprehensive knowledge of individual and organizational development and thus learn to recognize and address the achievement of success through valuing, motivating, and rewarding people.</p>
<p>
	The focus of monitoring and assessing workplace performance should&nbsp; undoubtedly be placed on setting attainable and collaborative goals, making collective decisions, and being able to tackle and solve problems within one&rsquo;s own relative sphere of responsibility and authority along with one&rsquo;s colleagues. &nbsp; &nbsp; &nbsp;</p>
<p>
	Yes, while workplace performance is frequently monitored (as perhaps some believe it should be), there&rsquo;s no reason why appraisals shouldn&rsquo;t focus on the positives and be a catalyst to cooperation and communications. The butter will start to soften up a bit. &nbsp;</p>
<p>
	<strong>Understanding UMPs</strong></p>
<p>
	Increasing the value of people, and truly understanding <em>why</em> people show up to work, and why they stay, is just as important as why they leave.</p>
<p>
	The tricky part, however, is that not everyone is motivated by the same things. One very important item to realize about motivation itself is that it is an incredibly individual expression.&nbsp; Figuring it out might prove to be quite the challenge in larger organizations, but probing and prodding for what melts your employee&rsquo;s butter&mdash;their unique motivational profile (&ldquo;UMP&rdquo;)&mdash;is just an expense that is certainly worth spending.</p>
<p>
	It goes hand in hand... both employers and co-workers need to be willing to understand and pay attention to the profile of the individual, which is why listening is a <em>vital </em>component of maintaining goal and action-orientated motivation. Communication itself is crucial and practically nonexistent without listening. Along with the ability of employers and employees to actually listen and comprehend what the other has to say, comes the increasing potential to recognize, encourage, and motivate.</p>
<p>
	That being said, do you really understand your own employees?</p>
<p>
	<strong>Melting the Butter</strong></p>
<p>
	People are inclined to leave their job because they: don&rsquo;t like their boss or co-workers, they don&rsquo;t have the tools to be productive and move forward, and/or they&rsquo;re working in a toxic environment.&nbsp;&nbsp;</p>
<p>
	People in the workplace can be motivated by a myriad of things. Yes, some of these things might be &lsquo;extrinsic&rsquo; motivators.&nbsp; In fact, to this day, some of them are very basic even in late 2012. Having (and keeping) a job that can pay the bills ranks noticeably high in everyone&rsquo;s profile.&nbsp;</p>
<p>
	Money is notoriously viewed as a motivator.&nbsp; But it&rsquo;s surely not the only thing that gets you out of your flannel PJs, into your car, and onto your rollie-chair inside your cubicle. Compensation is an extrinsic motivator, and one of the best at that. The anticipation that rests in such satisfaction through rewards processes (i.e. paychecks and raises and the occasional bonus) is enough to coax employees to tackle mundane tasks and things they really could care less about.</p>
<p>
	But obviously, if money were the only motivating factor in existence, it wouldn&rsquo;t take very long for people to become exhausted with those tedious tasks, and risk leaving their secure occupation for something better, or for potentially more money. &nbsp;</p>
<p>
	A large portion of motivators in the 21st century just so happen to be &lsquo;intrinsic&rsquo; motivators, which most certainly include: the excitement that one&rsquo;s work brings them, engaging projects, the interesting environments in which people work, the captivating people whom which they work with, the work-life balance that one&rsquo;s job allows them to have, not to mention the ongoing search for meaning and purpose within their life and passion for their work. &nbsp;</p>
<p>
	This is due, in large part, to both the newness to the workforce of the Millennials &ndash; the youngsters with high ideals &ndash; as well as the fatigued experience of the Boomers &ndash; the older folks that were supposed to be gone by now who now feel stuck in their jobs.&nbsp;&nbsp; Money, while important, is just not what it used to be.&nbsp;</p>
<p>
	<strong>What&rsquo;s In It For Me</strong></p>
<p>
	For every ten articles you read on compensation five will say money is key and five will say lifestyle, workplace accommodations, etc. are key. Here is the scoop&mdash;the one with the cherry on top. In a workplace populated today with 18-80 year olds, they all expect both.&nbsp;&nbsp;</p>
<p>
	Above all, there are no &ldquo;best&rdquo; practices that can apply across the board to all organizations and all people in a highly diverse and divergent world of cultures, values and opinions. There are a plethora of tools to use; your job is to find the right mix for your people.&nbsp;</p>
<p>
	People want it all, and in the 21st century they are tuned into WII-FM (What&rsquo;s In it For Me). Thus, if you can tap into and listen to the music they enjoy, determine their UMP, then you can put together the right mix of incentives, rewards and motivation to melt their butter. &nbsp;</p>
<p>
	&nbsp;</p>
<p>
	Jim Finkelstein is the President and CEO of FutureSense, Inc.., a management consulting firm specializing in people and organizations ( HYPERLINK &quot;<a href="http://www.futuresense.com/">http://www.futuresense.com</a>&quot; <a href="http://www.futuresense.com/">www.futuresense.com</a>).&nbsp;&nbsp; He is the author of Fuse:&nbsp; Making Sense of the New Cogenerational Workplace&reg; (Greenleaf Book Group, October 2011) ( HYPERLINK &quot;<a href="http://www.fusethebook.com/">http://www.fusethebook.com</a>&quot; <a href="http://www.fusethebook.com/">www.fusethebook.com</a>).&nbsp; Melissa Mead is the Social Media Coordinator for FutureSense.</p>
]]>
        
    </content>
</entry>

<entry>
    <title>Fighting Fraud in the Small Business Workplace</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/fighting-fraud-in-the-small-business-workplace" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.554028</id>

    <published>2013-03-09T16:00:00Z</published>
    <updated>2013-03-08T23:22:14Z</updated>

    <summary>Information to avoid costly situations</summary>
    <author>
        <name>Contributor</name>
        
    </author>
    
    <category term="smallbusinessfraud" label="small business fraud" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="tipsandadvice" label="tips and advice" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="yellowpagescanada" label="Yellow Pages Canada" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="yellowpagesgroup" label="Yellow Pages Group" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	&nbsp;</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	Workplace fraud is an ongoing issue in Canada and small businesses are particularly vulnerable since there are often limited resources, if any, to devote to fraud prevention. Yet, small businesses are among the biggest targets with revenue losses related to employee-perpetrated fraud estimated at $3.2 billion per year according to Canadian accounting associations.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	&ldquo;Fraud in the workplace can cost small businesses big bucks. The easiest way for any business with limited resources to deal with fraud is to put in place simple systems to prevent it in the first place,&rdquo; said&nbsp;Fran&ccedil;ois&nbsp;Ramsay, Senior Vice-President, Corporate Affairs and General Counsel for&nbsp;<a href="">Yellow Pages Group</a>. &ldquo;What amounts to very small steps can save a small business owner thousands of dollars and buy them invaluable peace of mind.&rdquo;</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	Ramsay proposes the following tips for small businesses looking to develop a fraud prevention program:</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	&bull; Determine where your company&#39;s specific vulnerabilities are in order to create and implement internal prevention controls (e.g. Do you only have one person handling all the finances? Is access to your inventory unrestricted?)</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	&bull; Know your employees. Check references, employment and educational history for previous history of fraud or illegal activity. If you&#39;re filling a position managing assets, consider a credit check with the authorization of the candidate.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	&bull; Have security cameras installed to monitor activity at cash registers and in inventory storage areas. Fraud is less likely if people know they&#39;re being watched.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	&bull; Conduct unannounced audits on specific functions of your business where fraud might occur. Surprise audits act as a fraud deterrent as employees will know it will likely be uncovered.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	&bull; Check bank statements yourself and watch for missing&nbsp;cheques,&nbsp;cheques&nbsp;issued out of sequence, unknown payees,&nbsp;cheques&nbsp;which look altered,&nbsp;cheques&nbsp;not signed by authorized signatories, or any other unusual items.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	&bull; Use only vendors from a management-approved list which is routinely checked against invoices.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	&bull; Develop a fraud policy and communicate it to all employees. This signals not only that you take these activities seriously but also that there are consequences. This in itself can act as a deterrent.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	&bull; Take action when fraud is discovered. Having a fraud policy is useless if you are unwilling to enforce it. Consider options such as reprimands, suspensions, demotions, salary cuts, probation, dismissal and legal action for differing levels of fraud.</p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	For more tips on fighting fraud in the workplace as well as information on common scams targeting small businesses, visit:&nbsp;<a href="">yellowpages360solution.ca/fraud.</a></p>
<p style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; line-height: 20px; margin-top: 10px; color: rgb(0, 0, 0);">
	<a href=""><em>News Canada</em></a></p>
]]>
        
    </content>
</entry>

<entry>
    <title>GM to Invest $250 Million in Ingersoll Plant</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/gm-to-invest-250-million-in-ingersoll-plant" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.554027</id>

    <published>2013-03-08T22:50:14Z</published>
    <updated>2013-03-12T23:47:33Z</updated>

    <summary>The CAMI Assembly plant will go under renovations to support future vehicle production from GM&apos;s upcoming investment</summary>
    <author>
        <name>Kristin Craik</name>
        <uri>http://www.businessreviewcanada.ca/authors/kristin-craik/index.html</uri>
    </author>
    
    <category term="automanufacturing" label="auto manufacturing" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="camiassemblyplant" label="CAMI Assembly Plant" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="gmcanada" label="GM Canada" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="gminvestment" label="GM investment" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	&nbsp;</p>
<p>
	<a href="http://www.gm.ca/gm/">General Motors</a> announced today a $250 million investment in the <a href="http://en.wikipedia.org/wiki/CAMI_Automotive">CAMI Assembly Plant </a>in Ingersoll, ON. The investment is being made in an effort to prepare the facility for future vehicle production through the installation of flexible body shop equipment and tooling.</p>
<p>
	&ldquo;Conversion of the CAMI Assembly Plant to a flexible manufacturing facility will provide CAMI with the ability to produce multiple global architectures and body styles,&rdquo; said Kevin Williams, president and managing director, General Motors of Canada.&nbsp; &ldquo;Continually improving the flexibility of our manufacturing operations helps us respond quickly to customer needs and market demand.&rdquo;</p>
<p>
	This investment is important to GM due to its focus on manufacturing flexibility and will provide CAMI with abilities to produce a variety of vehicles at lower costs. GM believes this investment will benefit the company through the opportunity to &ldquo;introduce and deliver new products to the market at a faster pace.&rdquo;</p>
<p>
	&ldquo;We have had a strong start to 2013 with customer demand for our newest vehicles driving improved sales,&rdquo; said Williams, &ldquo;This is strong confirmation that our investing in manufacturing flexibility, finding ways to bring new products to market faster, is the right strategy.&rdquo;</p>
<p>
	GM&rsquo;s investment into CAMI comes from the company&rsquo;s emphasis on future flexible vehicle architectures. These flexible platforms are expected to reduce assembly plant complexity, increase efficiencies and enhance GM&rsquo;s ability to adjust product mix quickly.</p>
<p>
	Construction from this investment is expected to begin within the next few weeks.&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	<strong><em>See Related Stories on Business Review North America:</em></strong></p>
<p>
	&nbsp;</p>
<table>
	
		<tr>
			<td style="margin-right:10px;" width="210">
				<img border="0" src="http://www.businessreviewcanada.ca/business_leaders/assets_c/2011/12/Chevrolet-Impala-thumb-610xauto-55513.jpg" width="200" />
				<p>
					<a href="http://www.businessreviewcanada.ca/business_leaders/gm-to-manufacture-the-chevrolet-impala-in-canada">GM to Manufacture the Chevrolet Impala in Canada</a></p>
			</td>
			<td style="margin-right:10px;" width="210">
				<img border="0" src="http://www.businessreviewcanada.ca/money_matters/assets_c/2012/11/Invest-in-Canada-thumb-610xauto-77310.jpg" width="200" />
				<p>
					<a href="http://www.businessreviewcanada.ca/money_matters/why-companies-should-invest-in-canada">Why Companies Should Invest in Canada</a></p>
			</td>
			<td width="200">
				<img border="0" src="http://www.businessreviewcanada.ca/business_leaders/assets_c/2012/02/Ford-Edge-thumb-610xauto-59196.jpg" width="200" />
				<p>
					<a href="http://www.businessreviewcanada.ca/business_leaders/canadian-auto-manufacturing-breakdown">Canadian Auto Manufacturing Breakdown</a></p>
			</td>
		</tr>
	
</table>]]>
        
    </content>
</entry>

<entry>
    <title>The Canadian Property Boom - When Will the Bubble Burst?</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/the-canadian-property-boom-when-will-the-bubble-burst" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.553869</id>

    <published>2013-03-01T17:03:18Z</published>
    <updated>2013-03-01T17:11:35Z</updated>

    <summary>You can&apos;t open the paper without reading doom and gloom forecasts for the Canadian property boom, making it an anxious time for would-be buyers who are desperate to know if the bubble is about to burst</summary>
    <author>
        <name>Contributor</name>
        
    </author>
    
    <category term="canadianrealestate" label="Canadian real estate" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="crea" label="CREA" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="realestate" label="real estate" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="realestatesales" label="real estate sales" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	&nbsp;</p>
<p>
	You can&rsquo;t open the paper without reading doom and gloom forecasts for the Canadian property boom, making it an anxious time for would-be buyers who are desperate to know if the bubble is about to burst.</p>
<p>
	<strong>Crash or cooling?</strong></p>
<p>
	The latest statistics from the <a href="http://www.crea.ca/">Canadian Real Estate Association</a> (CREA) have helped to ease concerns about an imminent crash, however, with many experts suggesting a moderate correction in values may now be more likely than a major crash.</p>
<p>
	National <a href="http://www.businessreviewcanada.ca/money_matters/canadian-home-prices-rose-slightly-in-january">home sales for the month of January</a> 2013 were up 1.3 per cent from December 2012, the fifth month in a row that sales activity has showed little change, despite warnings throughout this period that a crash was about to happen.</p>
<p>
	The levels of activity have remained fairly unchanged since the sharp drop back in August, after mortgage lending rules were tightened.&nbsp;</p>
<p>
	<strong>Positive news from Edmonton, Toronto and Vancouver</strong></p>
<p>
	According to the <a href="http://www.businessreviewcanada.ca/money_matters/property-lease-or-buy">CREA</a>, home sales increased in around half of the local market areas compared to the previous month, with the greatest sales increases occurring in Edmonton which enjoyed almost 10 per cent more sales, followed by Greater Toronto (up 5.6 per cent) and Greater Vancouver (up 4.7 per cent).</p>
<p>
	&ldquo;There is little news to report about national sales activity, which continues to hold fairly steady at the lower levels first reached when mortgage rules were tightened in mid-2012,&rdquo; CREA&rsquo;s President Wayne Moen said. &ldquo;That said, things are becoming more interesting among local markets, with improving sales in Vancouver and Toronto likely to come as something of a surprise to some.&rdquo;</p>
<p>
	<strong>The bigger picture</strong></p>
<p>
	With posted decreases in year-over-year sales and predictions that house prices will continue to rise, fears about a bubble are not without grounds. However, economists disagree about the likelihood of a crash; while some warn that a US-style crash may be ahead, others argue that Canada has avoided many of the mistakes made in the US housing market and that its tighter lending and banking regulations have prevented prices getting too far out of control.</p>
<p>
	<strong>Low borrowing costs</strong></p>
<p>
	With interest rates low and expected to remain low &ndash; the <a href="http://www.businessreviewcanada.ca/money_matters/mark-carney-appointed-governor-of-bank-of-england">Bank of Canada</a> has said that soft economic growth and tame inflation means it has no imminent plans to increase the 1 per cent&nbsp; key lending rate put in place in September 2010 &ndash; many experts expect future house sales figures to remain fairly steady. The market may be fraught with nervousness, but today&rsquo;s homebuyers can at least benefit from the lowest&nbsp;<a href="http://www.ratesupermarket.ca/" target="_blank">mortgage rates Canada</a>&nbsp;has ever offered. The 1.35 million mortgage holders who renewed last year saved an average of $2,000 in annual interest costs, according to the Canadian Association of Accredited Mortgage Professionals.</p>
<p>
	<strong>Spring buying season</strong></p>
<p>
	With disagreement among the country&rsquo;s leading economists, it is difficult to predict the future of the Canadian housing market. However, with the spring buying season now beginning, many leading economists now hope that fears about a crash will soon prove to be unfounded.</p>
]]>
        
    </content>
</entry>

<entry>
    <title>Canadian Business Investments to Slow in 2013</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/canadian-business-investments-to-slow-in-2013" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.553812</id>

    <published>2013-02-28T00:21:16Z</published>
    <updated>2013-02-28T00:32:33Z</updated>

    <summary>Statistics Canada reports business investment to rise $1.7%, the smallest increase since 2009</summary>
    <author>
        <name>Kristin Craik</name>
        <uri>http://www.businessreviewcanada.ca/authors/kristin-craik/index.html</uri>
    </author>
    
    <category term="businessinvestment" label="business investment" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="capitalinvestment" label="capital investment" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="investment" label="investment" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="statisticscanada" label="Statistics Canada" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="statscan" label="Stats Can" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	&nbsp;</p>
<p>
	<a href="http://www.statcan.gc.ca/start-debut-eng.html">Statistics Canada</a> released today their report on private and public investment for 2013. Public and private organizations as well as the housing sector estimated their expected capital investments to reach $398.2 billion throughout 2013, up a total 1.7 per cent from 2012. This estimation&nbsp; is the smallest increase since 2009 and the economic downturn.</p>
<p>
	The mining, oil and gas extraction sector is leading the slow down followed closely by information and cultural industries as well as educational services. &nbsp;</p>
<p>
	Of the decline in investment in the <a href="http://www.businessreviewcanada.ca/business_leaders/oil-spill-in-northern-alberta-at-an-estimated-22000-barrels">mining, oil and gas industry</a>, two provinces are accountable for the decrease, Ontario and British Columbia. In Ontario, investment is declining by $1.2 billion, 30.3 per cent. In British Columbia, investment will decrease by $2.4 billion, a total of 25.8 per cent.</p>
<p>
	On the other hand, utilities, transportation and warehousing offset the slow down by their expected strong increases in investment.</p>
<p>
	Even further, investment in non-residential construction, machinery and equipment by utilities is expected to total $31.3 billion, which is up 7.7 per cent from 2012. This increase is led by the electric power generation and transmission and distribution industries, accounting for 65 per cent, specifically in Ontario where capital spending is anticipated to increase by $943.6 million.</p>
<p>
	Of the $398.2 billion, the public sector is anticipated to contribute $88 billion, a rise of 5 per cent, while the private sector will increase 0.8 per cent to $310.2 billion.&nbsp;</p>
]]>
        
    </content>
</entry>

<entry>
    <title>Air Transport Association Fights for Competitive Market</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/air-transport-association-fights-for-competitive-market" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.553794</id>

    <published>2013-02-27T01:12:53Z</published>
    <updated>2013-02-27T01:16:11Z</updated>

    <summary>Air Canada&apos;s request for pension relief may hurt industry competitiveness</summary>
    <author>
        <name>Kristin Craik</name>
        <uri>http://www.businessreviewcanada.ca/authors/kristin-craik/index.html</uri>
    </author>
    
    <category term="aircanada" label="Air Canada" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="airtransportassociationofcanada" label="Air Transport Association of Canada" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="atac" label="ATAC" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	&nbsp;</p>
<p>
	The <a href="http://www.atac.ca/web/en/">Air Transport Association of Canada</a> (ATAC) released a statement today asking the Canadian Government to deny Air Canada&rsquo;s recent request for pension relief.</p>
<p>
	<a href="http://www.aircanada.com/en/home.html">Air Canada</a>, under its Defined Benefits Pension Fund, is expected to contribute $4.2 billion and thus has filed a request for a cap on its pension fund contributions to be set at $150 million, saving the company $700 million over the next five years.</p>
<p>
	ATAC believes this would create an unfair playing field. &ldquo;Relief offered exclusively to a former crown corporation, that has already had immense support, not forthcoming to their competitors, is not the type of strategy that would benefit Canadians or the air industry now or in the future,&rdquo; says John McKenna, President and CEO, ATAC.</p>
<p>
	ATAC disapproves of helping only one airline as it &ldquo;would seriously impact the competitiveness of Canada&rsquo;s airline industry.&rdquo;</p>
<p>
	&ldquo;ATAC is a strong proponent of a level playing field in air transport in Canada. Consequently, we urge the Government to draft a response to Air Canada&rsquo;s requesting such a way that it would help all Canadian carriers equally rather than privilege one carrier above all others. ATAC respectfully suggests that the Government keep in mind that the Canadian air transport industry as a whole is an essential service and not just any one carrier,&rdquo; said McKenna.</p>
]]>
        
    </content>
</entry>

<entry>
    <title>Saputo to Close European Facilities</title>
    <link rel="alternate" type="text/html" href="http://www.businessreviewcanada.ca/money_matters/saputo-to-close-european-facilities" />
    <id>tag:www.businessreviewcanada.ca,2013:/money_matters//220.553762</id>

    <published>2013-02-25T19:20:21Z</published>
    <updated>2013-02-25T19:56:16Z</updated>

    <summary>Due to high competitiveness of the European market, Saputo is shutting down plants in the UK and Germany</summary>
    <author>
        <name>Kristin Craik</name>
        <uri>http://www.businessreviewcanada.ca/authors/kristin-craik/index.html</uri>
    </author>
    
    <category term="cheesefactory" label="cheese factory" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="cheeseproduction" label="cheese production" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="dairyproducts" label="dairy products" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="saputo" label="Saputo" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.businessreviewcanada.ca/money_matters/">
        <![CDATA[<p>
	&nbsp;</p>
<p>
	<a href="http://www.saputo.com/default.aspx?id=32&amp;langtype=4105">Saputo</a> announced today its plans to close its cheese manufacturing plants in Heiden, Germany and Newcastle Emlyn, Wales, United Kingdom. The closures will affect approximately 140 employees.</p>
<p>
	The plants to be closed were <a href="http://www.businessreviewcanada.ca/money_matters/saputo-acquires-us-dairy-product-producer-morningstar-foods">acquired by </a><a>Saputo</a> in 2006 and 2007. The Germany-based plant produces Italian specialty cheeses for the retail market and the UK-based facility manufactures mozzarella for the food service market.</p>
<p>
	The closures are a direct result of Saputo&rsquo;s competitiveness in Europe. Hoping to penetrate the market from the acquisition of the factories, Saputo has determined that Saputo European &ldquo;does not have sufficient critical mass to be profitable.&rdquo; Even further, Saputo does not see short or mid-term opportunities available from the plants.</p>
<p>
	&ldquo;Saputo has therefore decided to close its Germany plant and proposes the closure of its United Kingdom facility, subject to the consultation period, to further concentrate efforts and resources in its current platforms and other markets,&rdquo; said Saputo in an official statement.</p>
<p>
	Saputo expects the closure of the plants to cost an estimated $15 million after taxes and a total of $1.5 million in annual earnings. &nbsp;The closure of the UK-based plant is subject to a 30 day consultation period according to legislative requirements.</p>
<p>
	Saputo, a Canadian-based cheese manufacturer, currently operates 47 plants worldwide, serves customers in over 50 countries and employs 10,100. Saputo is the largest dairy processor in Canada, third largest in Argentina, the 12th largest globally and is among the top three cheese producers in the US.</p>
]]>
        
    </content>
</entry>

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