Canada Must Develop Nation-wide Dementia Strategy: Editorial
But we compete with each other [on the world stage] from time to time,” Oliver said on the sidelines of a conference in New York. “There’s a huge shale boom in the U.S., and clearly we need to diversify our markets.” Both of North America’s economic powerhouses are eclipsed on the world stage by countries such as Qatar, Australia, Malaysia and Russiaall of which are among the most dominant of the 17 countries that export natural gas. A prime target for Canadian LNG exports is Asia’s $150 billion market, where Japan and South Korea consume more than half of the world’s natgas stocks, according to the International Gas Union, a natural gas trade group that represents 95 percent of global natgas exporters. Underscoring the stakes, the organization says LNG trade has surged by 36 percent in the past five years alone, and is set to grow further Less controversy north of the border While U.S. natural gas is cheaper and more abundant, Canada’s political and regulatory environment has been friendlier to the shale boom than the one in America has. John Brynjolfsson, chief investment officer at Armored Wolf, an investment management firm, said the U.S. should “unshackle the industry from restrictions based on protectionist tendencies or unjustified environmental concerns.” One of the key concerns about the shale boom continues to draw controversy over hydraulic fracturing, or fracking, which extracts natural gas from the ground. Environmental groups warn the procedure could contaminate drinking water or cause earthquakes. Recently, some have drawn a link between earthquakes in Ohiowhere natgas development is boomingand fracking. Objections over the process have hamstrung the proposed construction of the Keystone XL pipeline, an artery designed to ship oil and gas between Canada and the U.S. However, Oliver insisted to CNBC that “the public is comfortable” with the process, renewing a call for the U.S.to end its five-year hold on the Keystone project. By CNBC’s Javier E. David.
Is Air Canada’s Rally Set to Continue?
But as the number of people developing the debilitating condition continues to grow, its becoming increasingly clear that its impact on Canada is just as heavy when described in financial terms. And its not pretty. The overall costs of treating and caring for the 747,000 Canadians who currently have the disease are some $33 billion a year. By 2040, its expected to cost nearly $300 billion a year. Thats a huge hit on precious health dollars, not to mention the lost productivity of exhausted family caregivers. What Canada needs is a national plan to deal with this slow-motion crisis. Such a strategy would bring a sharp, united focus to the work of medical research projects, doctors, Alzheimer associations and even front-line caregivers. The federal government should listen to the rising voices of organizations like the Alzheimer Society of Canada and create a national strategy. As Alzheimer society CEO Mimi Lowi-Young told the Economic Club of Canada this past week, Unless we start defusing the dementia time bomb this disease will be the greatest threat to our economy, to our countrys productivity and to our quality of life. Strong words, but appropriate. As a recent study in the New England Journal of Medicine concluded, dementia has exceeded cancer and heart disease as the most costly illness in America. In Canada, we face the same sad reality. Instead of following countries like Britain, where Prime Minister David Cameron is holding a dementia summit this December, Canada has no overall plan to manage the disease.
Economic optimism among executive professional accountants at its highest level in two years: CPA Canada Business Monitor
Using Businessweek’s earnings estimates and closing prices from Sept. 17, Delta Air Lines trades at only 7.8 times its 2014 fiscal year earnings, and United Continental trades for even less, at 7.3 times its 2014 earnings. Although United Continental has missed estimates or lowered guidance in the past couple of years, earnings anywhere near these estimates would still leave the airline trading well below the broader market average. On Delta’s side, the situation continues to improve. With its merger with Northwest Airlines now behind it, Delta is focusing on slashing debt, running its oil refinery, and even returning capital to shareholders through a dividend and buyback program. When major players in an industry rally, their surging stock tends to place buying pressure on industry peers. In Air Canada’s case, it has robust earnings to accompany its rising shares. The company’s latest quarterly report solidly beat estimates, causing a pop of around 25% the day of the announcement, and setting the latest stage of its rally in motion. Earnings forecasts point to an even brighter future ahead for Air Canada’s earnings,with 2014 fiscal year consensus estimates of $0.96 per share. That makes the stock look extremely undervalued at less thanfive times its 2014 earnings. Another index inclusion The big news out of the U.S. airline industry last week was the inclusion of Delta Air Lines in the S&P 500, where it joined Southwest Airlines and became the only legacy carrier in the index.
economy is viewed as the biggest challenge to economic growth by survey respondents (43 per cent) followed by uncertainty surrounding the Canadian economy (18 per cent). Company optimism is up slightly from last quarter. Fifty per cent are optimistic about how their company will perform over the next 12 months compared with 47 per cent the previous quarter. No significant changes are emerging in projections for revenues and profits with the majority of respondents still anticipating increases. Sixty-four per cent of respondents expect their revenues to grow in the next year and 59 per cent are forecasting an increase in profits. Employment Projections Down Despite an increase in economic optimism, the third quarter survey found that fewer respondents are forecasting an increase in employee numbers at their companies. Thirty-four per cent of the respondents expect employee numbers at their company to increase in the next 12 months, down from 40 per cent the previous quarter. Forty-seven per cent of the respondents anticipate no change and 19 per cent expect a drop. Looking forward, some hiring challenges may be looming. Two-thirds of those surveyed believe that Canada does not have enough skilled workers and professionals to fill certain positions. In addition, roughly seven-in-ten (71 per cent) anticipate that their organization will have difficulty filling a skilled position over the next two years: 39 per cent referenced skilled trades, 22 per cent middle management, 15 per cent professional positions, 14 per cent senior management and 11 per cent stated other. More than one response could be provided. Twenty-nine per cent of those surveyed do not anticipate difficulty in filling any types of skilled positions.