COVID-19 HAS IMPACTED THE CANADIAN ECONOMY IN VARIOUS SECTORS - MBE BUSINESS MAGAZINE

ISSUE 58 | OCTOBER 2020

HAPPY

Pg. 48

Pg. 58

THIS MONTH FOCUSING ON Leading Your Team Into A Post Pandemic World

Cottage Real Estate Markets

Economic Inequality Revealed Through Quotes and Numbers

An Employment Recovery In Canada Post Covid-19

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CONTENTS

26

Crafting Useful Business Strategies

30

Eating During Covid-19:

32

Global Sustainable Tourism Conference British Columbia

36

How Climate Change Could Expose New Epidemics

Into A Post Pandemic World

Improves Your Mood & Lower Your Stress Levels

06

Leading Your Team

08

What the post-pandemic Canadian housing

10

Drastic Measures

38

Crossword Puzzle

13

Cottage Real Estate Markets

40

HOW THE CORONAVIRUS CRISIS IS CHANGING THE INSURANCE INDUSTRY

16

Economic Inequality Revealed Through Quotes and Numbers

42

How the experience of colonialism is linked with the idea of development...

18

Effects of Pandemic on Real Estate in Canada

20

Event Calendar

Into A Post Pandemic World

market might look like

For A Good Night’s Sleep

Rises With More Canadians Working Remotely

Holidays and Observances in October

22

44

IMMIGRATION GUIDELINES FOR ‘PR’ APPLICATIONS IN COVID-19

AN EMPLOYMENT RECOVERY IN CANADA POST COVID-19

48

INTERNATIONAL STUDENTS & CHANGES MADE

BY THE IRCC

EDITOR'S LETTER Dear readers, 58th edition of MBE Business Magazine has been published for the months of October. It is autumn in Canada, with cooler weather across most of the country along with cloudy days and some rain. Although temperatures are milder this month, it's still a good time of year to go sightseeing and adventuring, as long as you don't mind the occasional shower and cooler temperatures at night.

In this issue we have covered several business sectors recovery after Covid-19 pandemic. It includes article by our president Mr. Mansoor Naqvi “Leading your team into post pandemic world”. Mr. David R. Mackereth, President Canimac Management Services Limited provided his overview on economic inequality revealed through quotes and numbers. This issue includes interview of Mr. Dale Thom Broker/Owner - An Enthusiastic Royal LePager about Effects of Coronavirus on GTA Real Estate.

You will find this issue more interesting and informative then before. As our team have worked tirelessly to bring this issue on digital and social media. We have launched our magazine website. So it will reach to maximum people via electronic media.

Your feedback is highly valuable to us. If you have suggestions or comments feel free to call us at 1-866-667-1377 or email us at info@mbeforyou.com to tell us what you think about this issue.

For ad placements and marketing related queries, please email us at mbe-marketing@mbeforyou.com Thank you, Aurora Zabala, Editor In Chief.

Publisher MB Enterprises Editor-in-chief Aurora Zabala Senior Editor Peter Z. Vaisey Managing Editors Steve Montgomery Mahmood Naqvi Design Cynthia Tolson A. Khan S. Saad Production, Technology & Print Simon Wilson R.J Advertising S. Hassan Shoeib Kamal Administration Alamdar Hussein Erum Asghar R. Adil HOW TO REACH US Website: www.mbeforyou.com Feed-back: 1-866-667-1377 E-mail: info@mbeforyou.com Mail: 100 Dynamic Drive, Unit 104, Scarborough, ON, M1V 5C4.

Fax: 1-866-204-6888 MBE Business Magazine is a monthly issue business magazine published by MBE. Inc. Ontario, Canada.

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Leading Your Team

Into A Post Pandemic World Syed mANSOOR Naqvi

PRESIDENT MBE

Leading your team into a Post Pandemic world is itself a huge

significant example which many companies have adopted to

challenge after a long break Post COVID-19. Even in the

avoid the pandemic.

midst of what’s happening many sectors are still not fully opened and needs opening up with a radical change manage-

Apart from safety they are working for the assurance of

ment strategy.

security as well which is another key and primary concern.

Many companies have made sure that employees keep on

According to Kotler’s model of Change management there

working on payrolls for as long as it is possible. Alternatively,

are some key measures that as a leader one needs to exhibit

some companies have increased pay for front line and core

while ensuring change strategies. These includes Creating

workers. Many companies have established employee relief

urgency, forming a powerful coalition, creating a vision for

funds for the sake of addressing change on an urgent basis.

change, communicating the vision, removing obstacles,

Flexibility is also evident by senior executives and Board of

creating short-term wins, Building on the change, and

Directors who have cut down their salaries.

anchoring the change in the corporate culture. In this model for change management most of the factors are easily

A huge question is how are leaders able to address their

applicable in the Post pandemic comeback.

workers higher level needs during the pandemic. Leading with vision and leading with a kind of singular force is the hour of

However, there is a huge role that the leaders will have to

the needs for leaders. The type of leaders that are most

play to make sure that the change management strategies

needed in times of Pandemic are the ones with a strong

take place effectively. Communicating and creating the vision

analytical and a focused mind. Having a positive approach

for change is one of the most important while the corporate

and a vision for change while demonstrating vulnerability and

sector is opening up again after a long break due to the

empathy. A combination of a science based approach with a

Pandemic COVID-19. Building on the change and anchoring

human touch is what is needed to undergo leadership

the change are rest of the two measures that will definitely

challenges effectively.

help in implementing the change in the corporate culture and environment.

HUMAN NEEDS IN THE RE-OPENING PHASE: As many companies in Canada are planning to re-open in the

HUMAN NEEDS IN THE SHELTER-IN-PLACE PHASE:

opening up phase. They are bound to take some key steps in

This is the phase during which companies have sought to

form of precautionary measures and key implications. While

ensure their workers physical safety. Companies have in

preparing for the next phase the spectrum needs to be broad

addition to the measures also implemented work from home

for their employees and their needs. This is apart from just

measures. As well as sanitized essential areas and shifted

creating a physically safe workplace to other mandatory

operating models. Contactless delivery is yet another

measures. As an example the companies are considering the

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MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

following measures that span the full range of human needs

humane and caring delivering them that the world is constant-

from basic to advance. Some key points are as follows:

ly changing. Also highlighting that some things that are not changing including the company’s core focus and their

• Key highlights on how the activities of the companies are

corporate values.

contributing to the common good. At the same time making a

• Apart from bringing back maximum employees, the

huge difference in people’s lives.

communication with those working remotely should have

• As part of the crisis management the company must define

special attention. They must have in their minds the vital

the conditions that will ensure the safe re-opening of the

importance of working remotely.

procedures. These includes from in-home services to offices and stores.

• Celebrating the inspiring news a way to tackle workers mental health problems Post COVID-19.

• The company should make sure that they bring back as many workers as possible Post COVID-19. This is essentially for the own good of workers and their simultaneous commitments at work.

• Highlighting the roles that employees can play while they are back at work. This will definitely give them back their attitude at work as it used to be Pre-COVID-19.

• Ensuring an honest communication at professional levels with the employees. The communication should be truthful,

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MBE BUSINESS MAGAZINE OCTOBER 2020

07

What the post-pandemic Canadian housing market might look like SYED MAHMOOD NAQVI Vice President | MB Enterprises

The real estate market in Canada

working operations is not the only

that how the market will behave for at

since the arrival of COVID-19 has

answer though, there has been social

least some time. The brokerages and

reacted differently. This is similar to

distancing in public places and

real estate agents have started to

many other sectors where the effects

following other mandatory measures

operate differently with higher

has been evident, however, in the real

associated with COVID-19. The

ambiguities on how the markets will

estate the effects are divided into two

question arises how it has affected the

be performing.

periods. These two are in the form of

Real Estate market in Canada? The

periods divided into long term period

trends of the past few months has

effects and short-term period effects.

shown that, ironically due to

SHORT-TERM EFFECTS ON THE CANADIAN REAL ESTATE:

Talking into a broader context, this

limitations in budget real estate prices

The declaration of COVID-19 as a

global pandemic will be changing the

has considerably fluctuated. The term

global pandemic was made by WHO,

real estate sector in Canada for at

‘Business as Usual’ is highly affected

or World Health Organization post

least a short term interval.

as usually what happens has been

March 11. At the same time stats were

impacted due to change in circum-

released from Canadian Real Estate

Evidently in all provinces in Canada

stances. These change in circumstanc-

Association, i.e. CREA. It showed that

the effects of COVID-19 has affected

es has risen due to the impacts of

the month of February was particular-

the corporate world with business

Coronavirus virtually on the whole

ly hot for year-over-year sales that

shutdowns and most people working

business community. As it is highly

rose 27% nationwide. This was also

from home. The increase in remote

ambiguous in this pandemic situation

an indication to the fact that busy

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MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

spring buying season had started

who have already sold their home

of 2019 which means at least two

early. Also performances showed

Pre-Pandemic and are looking for

years period. However, the effects of

incredible results for both Toronto and

another one soon. These are known

the two year period means higher

Vancouver i.e. 45.6% and 44.9% rise

as “Highly motivated” buyers and

effects of pandemic COVID-19

in sales transactions respectively for

sellers and they are the ones who

predicted as it started lately in March

the two cities.

can’t change their decisions due to

2020 and the markets are still under

the effects of the pandemic. This is

the negative influence of the pandem-

Despite all this post pandemic results

mainly as their life is already under

ic.

vary, we can also expect to see

influence of some circumstances for

market activity slow down, as buyers

e.g.: Divorce, relocation due to work,

However, the reality states that the

and sellers may reach a stalemate.

or downsizing or upsizing quickly.

fundamentals of the market i.e.

Sellers will show hesitancy in accept-

particularly in the GTA and other major urban centers don’t change.

the other hand will hold off their home

THE LONG TERM EFFECTS ON THE REAL ESTATE:

purchase amid uncertain health and

What’s more hard to predict is how

available and also combined with the

economic conditions. Both of these

COVID-19 will continue to be a threat

growth of population in Ontario’s big

are rising due to the results of the

i.e. along with its impacts on individu-

cities like Toronto we can expect fast

pandemic. Although these can be

als, businesses and the market. It’s

recovery. This can be expected once

termed as short term effects of the

hard to predict because COVID-19 is

the health risks are mitigated from

pandemic, however, these can be

still not over yet and how COVID-19

COVID-19 effects and the financial

influence generators for long term

has changed the circumstances is a

markets stabilize. Bringing stability to

effects. At the same time the effects of

huge question mark.

the sector after COVID-19, is itself a

ing lower offers while the buyers on

the pandemic can be balanced as well

Also, due to the limited inventory

huge necessity.

as there are some buyers and sellers

As an example the case study of

in the real estate who can’t avoid the

Ontario real estate market is the best

buying or selling at any cost.

answer. While the circumstances are wildly different, the last time the

There are still those who need to sell

market saw a change was in the

and buy right now that is for the sake

spring of 2017. The effects of that

of relocation for work issues, or those

cooldown lasted into the second half

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MBE BUSINESS MAGAZINE OCTOBER 2020

09

Drastic Measures For A Good Night’s Sleep SYED ALAMDAR HUSSAIN Country Head - MB Enterprises

A good night’s sleep holds immense

WHY is it important that you sleep at

that you are into bed virtually the

amount of importance for a person

least 7 hours in night? A question that

same time every day irrespective of

working 9-5 daily. It’s not only impor-

is asked very often by people who are

your daily activities. Also, you must

tant while moving forward, it also

confused over their sleeping habits, or

exercise for at least half an hour, so

holds secrets of success in the most

have a sleeping disorder or is an

that you automatically feel tired when

competitive environments. According

insomniac. The answer is simple, to

it’s your sleep time. Your food in-take

to the Health researchers, 7-8 hours

get the best results, in the 9-5 hours’

must be at least an hour prior to your

of good sleep is a vital ingredient for

time that you are working as in a

sleeping time. This will definitely make

the whole day that gives an edge in

corporate environment.

sure that your dinner is fully digested

terms of achieving the daily goals. It

and you shall be having a calm and

also is vital for the target orientation

TIPS OF GETTING A GOOD SLEEP:

peaceful sleep. Reading just before

measures for a person according to

While making some drastic measures

you sleep makes sure that your frame

their daily thresholds. Also effectively

of improving your sleeping habits, it’s

of mind is good enough before you get

binds a person to his/her goals in a

important to realize why you are

to bed. A comfortable bed with a

professional environment.

missing it in the first place? Change

highly comfortable mattress, pillow

your sleep patterns and make sure

and blanket shall make sure that your

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MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

sleep will be a smooth one for the rest of the night. The room environment holds vital elements as the room temperature must be ideal, lights should be dim and it should suit your comfort zone at the optimum level.

Always remember before going for sleep that your next day is highly dependent on your sleep with vital elements being the necessary ingredients. Little things matter if you have sleep disorders, therefore, the best way is to make sure that you have minimum disturbances while you follow your daily sleep habits.

THE PROFESSIONAL ATTITUDE: A professional attitude is an ingredient of success in the modern workplace. It not only helps in moving forward, but also motivates you a great deal at work. Just like a car is nothing without the fuel, similarly, a professional attitude is the fuel to your professional goals. According to the Canadian Govt., one in four of humans, especially in Canada are lacking enough sleep. Hence, it’s just not about the sleep, but staying asleep, as well as waking up refreshed. There are many health issues that are related to lack of sleep including chronic stress, poor mental health and many other medical issues. It can also lead to obesity and weight issues that can prolong if sleeping habits are not mended.

Sleep better for a better tomorrow.

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MBE BUSINESS MAGAZINE OCTOBER 2020

11

SYED MANSOOR ALI NAQVI

AUTOBIOGRAPHY “As a mentor a person gets paramount importance from their followers, but success comes from true following & demonstration of work- MENTOR –CHAPTER 11�

The Autobiography of Mr. Syed Mansoor Naqvi, The man who made it possible just with a vision and a dream in his eyes.

“A Successful Canadian Entrepreneur�

Cottage Real Estate Markets Rises With More Canadians Working Remotely DMM DEPARTMENT

MB Enterprises

common phenomenon in the modern

ENJOYING YOUR REMOTE WORK ENVIRONMENT:

work environments, especially in a

Many Canadians working remotely

country like Canada. The significance

are highly interested in enjoying the

associated with remote working in

Canadian forest regions, experienc-

the times of COVID-19 lock-down

ing the beautiful lakes and make the

has been huge in terms of value

whole experience an enriching one.

additions. It has also alternatively

Hence, cottages in this case are the

changed the way many people work

most favorable options in terms of the

and do business while the pandemic

productive and trendy buying

COVID-19 is still underway. While the

strategies. A halt on traveling has

COVID-19 pandemic has been a

also enabled the Canadians looking

cause of damage to much of the

to spend more fruitful time while

Canadian economy, the one market

exploring their own backyard.

that appears to be still thriving are

Hence, for most Canadians this is the

the cottages.

best time to explore, enjoy and look

Remote working has been a very

for more realistic options in terms of However, there is an expected

Real estate investments. It is true

increase in the cottage purchase this

that purchasing any property may still

year. Many real estate experts also

be a huge risk and out of reach for

think that this is probably the best

those who are financially impacted by

time of the year for the purchase of

the pandemic. However, there is

cottage. Many people are working

always a situation as the Canadian’s

from their home, hence, people

travel budgets could also provide the

highly realize the importance of work

start of a down payment. Good

from home, and that they can live

finance options are considerably

probably anywhere they want unless

available in the Real estate Cottage

they have a reasonable Wi-Fi

as well, just for the buyer’s conveni-

connection. There is a huge amount

ence & their financial ease.

of uncertainty associated with the stock markets amid the pandemic COVID-19, and this is the main reason why more Canadians are thinking to re-invest and give preferences to the Cottage environment.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE OCTOBER 2020

13

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Economic Inequality Revealed Through Quotes and Numbers

The Infinitesimal versus the Illimitable: Big Business, Big Government and the ‘Marginalized Electorate’ – Part Four (a) (iii)

Personal U. S. Credit Card Interest Rates versus the U. S. Fed Funds Rate (A)

DAVID RALPH MACKERETH dmackereth@canimac.com

economic modeling. The extremely high level of worldwide governmental debt makes it impossible for any real interest rate increases in the near, mid and possibly longer term, as

Feds Funds Rate

Personal Credit Card Interest

1980

14.40

17.4

any authentic interest rate increase, would in the short to

2000

6.08

15.0

mid-term bankrupt most jurisdictions. Japan (a non-develop-

2018

2.13

17.3

ing country) leads the world in government debt obligations, which is more than double its GDP. Japan has to wait and

(A) These percentage rates are averages from representative

see if it will still be a viable country, if and when interest rates

sources, and many other countries mirror this depiction.

increase, and they should in the normal course of economic activity (Repeating Business Cycles).

Over this 38 year period, the 1% has remarkably benefited from much cheaper borrowing costs (especially hedge funds)

US HEALTH CARE COSTS

to further augment their wealth. With little effort, one can

“Capitalism is the astounding belief that the most wicked of

easily see that the 99 % in the United States have not

men will do the most wicked of things for the greatest good of

received similar improvements that should have occurred to

everyone.” John Maynard Keynes (1883 – 1946)

their cost of credit card borrowing, resulting from the 85% reduction in basic interest rates.

“The limbic structures of our brain, where emotions are supposed to reside, are more ancient than the cerebral cortex

“Along with hard times and growing debt – 250 percent of

that carries our intelligence.” Freeman J. Dyson, The Face of

GDP, Japan is the most indebted nation of earth.” Bricker and

Gaia (1990)

Ibbitson (7) “It is possible that the imagination of twentieth-century people “The scheme of values that arose from the national task of

is shaped in the first place by ideas dating from the epoch of

developing the economic possibilities of the country drew

their grandfathers and great-grandfathers, ideas taken from

nearly all the brains into business and impressed the

Darwin, Marx, Freud, or from a still-Newtonian physics.”

businessman’s attitudes upon the soul of the nation.” Joseph

Czeslaw Milosz, On Erosion (1990)

A. Schumpeter (1883 – 1950) Average Cost (US Dollars) of Health Care per Person in “The invention of the secret is perhaps the most damaging

2016: (8)

outgrowth of the power produced when control over knowl-

United States

$ 9,892

edge was combined with the protective armour of specializa-

OECD (v)

$ 4,033

tion.” John Ralston Saul (4)

Difference

$ 5,859

The most significant issue relating to current interest rate

(v) Organization for Economic Cooperation and Development

theory lies in the inability of all world-wide governments to

(36 countries, mostly European and committed to democracy

use the age-old interest rate economic tool to assist in their

and the market economy.)

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Multiplying this per person health care difference by the U.S.

Comparison of a Country’s Labour Force to Eligible Voters:

population generates a country total of just under $2 Trillion.

Labour Force (a)

Eligible Voters (b)

This $2 Trillion represents approximately 11% of the United

Germany

45,900,000

57,700,000

States GDP in 2016 – equal to 100% of Italy’s GDP (popula-

Canada

19,500,000

23,300,000

tion 60.5 million) – solely from overcharging health care

United States

160,400,000

183,300,000

services to the 99%. Yet excessive costs are not the most

(a) Average from various sources

serious issue facing Americans. The U.S. has tens of millions

(b) www.worldpopulationreview.com (2019)

of people with minimal (sometimes no) health care coverage.

It is ranked 35th in life expectancy, and has the highest infant

A sizable portion of the population would be significantly

mortality rate among OCED countries – even with spending

underrepresented, if Business controlled and managed the

2.45 times more person than their OCED peers!

State.

Comparison of a Country’s Population to Number of Federal

SEPARATION OF CHURCH, STATE AND BUSINESS

Constitutions:

“But modern democracy is a product of the capitalist process.”

Joseph A. Schumpeter (1883 – 1950) “The true aim of government is liberty.” Baruch Spinoza

Population (3)

Constitutions

Germany (c)

83,5000,000

1

Canada

37,400,000

1

United States

329,000,000

1

(1632 – 1677) (c) Basic Law of the Federal Republic of Germany “Are the material fruits of capitalism – which is by far the most

The entire population would be proportionally represented, if

productive economic system ever devised – worth the social

the State was managed according to its respective Constitu-

costs?” Joseph A. Schumpeter (1883 – 1950)

tion, as there is only one variable – laws are set and everyone (Church, State and Business) must obey all of them equally.

“But corporations, no matter how well intentioned, should not

There are approximately 4,200 religious and spiritual

be running the government.” Robert F. Kennedy, Jr. (2004) (6)

traditions in the world and all manner of business approach-

“Let the welfare of the people be the ultimate law.” Cicero

es; but there is only One Constitution for a country: with the

(106 BCE – 43 BCE)

‘People’ in charge employing their all-important One Person / One Vote.

Population Not Needing Church Related Government Representation: Atheists/Non-Religious

Population (3)

Germany

60 %

83,5000,000

Canada

57%

37,400,000

United States

39%

329,000,000

Obviously, a significant portion of the population may not be adequately represented if the Church controlled and managed the State.

“The greatest tragedy in mankind’s entire history may be the hijacking of morality by religion.” Arthur C. Clarke, Credo (1990) “When individuals cannot allow their religious loyalties to be trumped by their public responsibilities, they should resign.”

A. C. Grayling, (2015) (1) “… not only is religious faith part of capitalism, capitalism is itself also a religion, and it too relies on faith (in the institution of money, amongst other things.)” Slavoj Zizek (2010)

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MBE BUSINESS MAGAZINE OCTOBER 2020

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Effects of Pandemic on Real Estate in Canada SYED HASSAN Royal Le-Page, Royal Brokers

The world is experiencing unprece-

No doubt there will be an impact on

BNB or similar short term rentals are

dented times. Nobody in 100 years

almost all sectors of life. Let’s talk

in bad shape. The rental market in

has seen anything like this pandemic

about Real Estate in Canada.

general is showing weakness. There

- Covid 19. All of a sudden the

is too much inventory in the market

curtain has dropped. The most

In the beginning of 2020, everyone

lucrative businesses are gone, new

was expecting a sharp rise in prices

norms are in place; working from

and demand of properties. In

Downtown and City demand is

home, education from home, restau-

February the real estate market was

weakened due to people working

rants, offices, cinemas, schools,

getting crazy.

from home and new health guidelines

colleges, universities, hotels and

for rental.

requiring people to wear masks and

almost everything you name it, is

During the period from March to

frozen in time.

June, the real estate activity was

no social gatherings etc.

stopped dead in its tracks or brought

These trends will affect the invest-

Whole sectors were and are badly hit

to a standstill. Since mid-June and

ment category especially for forthcom-

like education, tourism, travelling,

July we have seen a very busy real

ing Condo Projects. Due to the high

airlines, hotel, restaurants, retail and

estate market.

prices of Condos and less return on

a number of other sectors. Now in

rentals, this will create a gap and

certain countries, things are coming

But certain trends are on the rise.

back slowly like New Zealand,

The Rental Condo inventory is piling

Australia and Canada. We should

up and not moving. Properties

Home sales are going well so far and

appreciate our Canadian Leadership

around $500,000 to $750,000 are

look like they will hold their value. A

and Health sector for this.

selling very fast. Downtown condos

reason for this, is new construction is

for sale or lease are not moving. Air

still slow and most of the time,

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MBE BUSINESS MAGAZINE OCTOBER 2020

potential problems for investors.

W W W. M B E F O RYOU. C O M

houses are delivered in Pre construction within 1 year. That holds the buyer on ground and not in speculation.

Due to new challenges with regards to health guidelines, social distancing, restricted air travel and border closings, people will prefer to stay close to home and as a result, the commercial real estate market including retail businesses and outlet malls will be experiencing many more challenges than the Residential real estate market. Many businesses that you thought could stand the test of time, will close and never return.

So what should we do in these circumstances?

I would suggest the following: • Definitely take advice from a Professional, like a Realtor, Lawyer and/or Investment specialist.

• Don’t rush • For first time buyers, do not worry too much. Things will eventually be back to normal and will not affect primary home buyers.

• Rent your current rental properties: Do not wait for short term rentals and very high rental amounts as in the past.

• Existing Rentals: Do not disturb your current tenants. Be wary of increasing rent or trying for higher rent for any new tenants or notice to vacate.

• If possible, a 30% - 40% down payment on any investment property, as mortgages will be tough and hard to get over the next few years.

• If offered, sell any property you have if it has reached its maximum in terms of price gain. This step will easily give you leverage to close other forthcoming investment properties.

• Do not re-finance current properties to invest in future projects.

• Keep a cushion of 4-6 month rental income for any investment property just in case your property cannot be rented right away.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE OCTOBER 2020

19

OCTOBER

EVENT 2020 CALENDAR OCT 3

SATURDAY

First day of Sukkot

OCT 4

SUNDAY

Feast of St Francis of Assisi

OCT 9

FRIDAY

Hoshana Rabbah in Canada

OCT 11

SUNDAY

Simchat Torah

Many Jewish communities in Canada the first day of Sukkot (Succot, Succoth, Sukkoth), which is the start of the Sukkot period. This period, also known as the Feast of Tabernacles, lasts for about seven days. It is observed during the week starting on 15th day of Tishri (or Tishrei), which is the first month of the year in the Jewish calendar.

Many churches in Canada celebrate the Feast of St Francis of Assisi on October 4 each year. The feast commemorates the life of St Francis, who was born in the 12th century and is the Catholic Church’s patron saint of animals and the environment. It is a popular day for pets to be “blessed”.

Many Jewish people in Canada mark Hoshana Rabbah (or Hoshana Raba) as the last day of Sukkot (Succot, Succoth, Sukkoth) in their calendars. This day is the end of the Sukkot period, also known as the Feast of Tabernacles. The Sukkot festival is observed during the week starting on 15th day of Tishri (or Tishrei), which is the first month of the year in the Jewish calendar.

Many Jewish communities in Canada celebrate Shemini Atzeret (or Shmini Atzeret) and Simchat Torah. They mark the end of the Sukkot (or Sukkoth) festival.

OCT 12

MONDAY

Thanksgiving Day in Canada Thanksgiving Day in Canada has been a holiday on the second Monday of October since 1957. It is a chance for people to give thanks for a good harvest and other fortunes in the past year.

OCT 18

SUNDAY

Healthcare Aide Day Healthcare Aide Day is not a public holiday. It falls on Sunday, 18 October 2020 and most businesses follow regular Sunday opening hours in Canada.

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MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

OCT 29

THURSDAY

Milad un Nabi (Mawlid) in Canada

OCT 31

SATURDAY

Halloween in Canada

Many Muslims in Canada celebrate the Prophet Muhammad's birth and life or mourn his death on Eid Milad ul-Nabi (Mawlid, Milad-un-Nabi). The date occurs during the Islamic month of Rabi' al-awwal. Some Muslims mark this occasion by fasting or with parades, special prayers or conferences.

Halloween is celebrated in Canada on or around October 31. It is a day to mark the single night in the year when, according to old Celtic beliefs, spirits and the dead can cross over into the world of the living. Some people hold parties and children may trick-or-treat in their neighborhood.

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S A B I M D E N E S E C R E H U E B I B I L I V I N I N E E D S N U F L A T H O U G E R G Z I E C U R V E R L E T A U R O M

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MBE BUSINESS MAGAZINE OCTOBER 2020

21

AN EMPLOYMENT RECOVERY IN CANADA POST COVID-19 DMM DEPARTMENT MB Enterprises

Statistics Canada has shown

payroll employment, earnings and

employment losses slowed gradually

incredible recovery after COVID-19

hours worked in Canada. The total

in retail sector. The April figure saw a

has taken new heights. It has shown

number of employees on the payroll

loss of approximately 279,000 that is

significantly that the Coronavirus

was seen on a decline by 1.8%. On

in comparison to May only about

lockdown caused a sharper decline

the other hand the average weekly

41,800. This is primarily due to the

and a sharper recovery than previous

earnings rose to 2% to the figure of

impacts of COVID-19 being fresh.

economic downturns. Since

$1,139 in the month of May.

The hours worked in retail were also

COVID-19 has been a cause of

affected due to COVID-19 measures.

Canadian economy similarly it has

JOB LOSSES – A DECLINE IN RETAIL SECTORS:

Hence, the total hours worked in

affected the rate of employment in

In the retail sector Job losses were

retail trade in the month of May rose

Canada. This is seen as a huge trend

seen on a decline which means

2.6% as compared to the month of

in sectors that relates to services

recovery that has been fast and

April. The lock down in April was on

industry as well as affecting the daily

impactful. An increase in the retail

the rise and most of the retail

income of many people in various

sales by 18.7% is huge in Canada as

industry was found to be closed

sectors.

compared to other countries that

which automatically laid an impact to

concern for many sectors in the

were impacted by the COVID-19.

the jobs in retail sector. However,

A key reason being the economic

Although, this rise in retail industry

while we discuss the rises and

activity in Canada that has been on a

sales is below 20% as compared to

declines it is important to realize that

decline since COVID-19 reached its

what they were in month of Febru-

there has been variances in the retail

peak and many sectors were under

ary? The balance was found incredi-

sectors. For example, Motor Vehicle

lockdown in Canada. The Statistics

bly on the other side i.e. it was seen

and part dealers in Canada and

Canada survey is a body that

on the high in payroll employments.

building material in construction and

provides monthly information on

Since February every month, the

garden equipment supply dealers

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MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

saw about a 4% increase. Similarly while we discuss the average weekly earnings in the retail sector were about $676 in the Month of May. This is a huge 10.5% as compared with the same time i.e. last year.

THE HARDEST HIT SECTORS IN CANADA: The Canadian economy although not hurt like economies in Europe but there are some sectors in the Canadian economy that has been hit hardly. This is mainly because of the amount of FDI i.e. Foreign Direct Investment involved in the sector output. The Accommodation and Food services sector was the hardest hit sector in the Month of May. It showed a loss of 16.9% i.e. reflecting 116,500 jobs and was the largest payroll employment decline. This sector has continued on a downward trend since February and has seen incredibly over 770, 000 jobs losses. Other stats related to the food industry were in the drinking places and food services areas. The average weekly earnings were identified to be over $447.75 in the month of May i.e. seen to be the lowest amongst all the subsectors in food and beverage industry.

In the hard hit section in retail industry Canada also included the arts, entertainment and recreation sector. A huge and very sharp decline of 557.7% from the month of Feb to May was mainly because of losses in sectors of amusement, gambling and recreation industries. Also due to lock downs and following strict compliance to safety measures there were some subsectors that were highly affected in the arts and entertainment. These are performing arts, spectator sports and related industries that saw massive declines due to COVID-19. Huge losses were also incurred by lower-paid workers that brought the average weekly earnings up 27.3% i.e. from 2019 to $798 this year.

RECOVERY IN EMPLOYMENT SECTOR IN JUNE: The activity in employment sector due to COVID-19 has found to be a bit on the abnormal side as compared to 82 recession, 92’ recession, and finally the 2008-09 recession.

The stats of the Labor Force Survey that were released in early July said that the initial recovery in the Canadian employment was seen on the sharper side than the previous economic downturns. The lock down in Coronavirus has caused the employment fall to 15.7 % in just a period of two months. This is vitally high as compared to 2008-09 recession which saw a drop of just 2.5% in the period of nine months. These results if analyzed in contrast to each other has shown significantly how COVID-19 has dented the Canadian economy with respect to the magnitude of job losses.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE OCTOBER 2020

23

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CRAFTING USEFUL BUSINESS STRATEGIES INTO A POST PANDEMIC WORLD DMM DEPARTMENT MB Enterprises

Making successful business

However, this has been noted largely

the indigenous people. Those who

strategies into a post pandemic world

that the lockdown phase of the

are the originals, their worth is more

is a huge necessity, especially to

pandemic has fueled an explosive

recognized in terms of the upcoming

make contingency planning &

growth in online e-commerce. This is

stability and future sustainability.

re-enforcement of the recovery

highly related to online buying and

process. This is a vital responsibility

the online shopping trends.

HANDLING & CONFRONTING NEW RISKS: Addressing the emerging risks,

of key individuals especially the

especially for the businesses is a key

is mainly due to the change manage-

FOCUSING ON KEY INDIVIDUAL & SOCIAL CONCERNS:

ment that has occurred in organiza-

The focus has largely been seen on a

hazards. These risks include data

tions due to COVID-19 and its effects.

change as compared to other

security, litigation and employee

As we discuss the change manage-

financial crisis like the one happened

gross misconduct.

ment, the trends and the norms that

in 2008. This is unlike the credit crisis

were applicable prior to the pandemic

of 2008, the COVID-19 crisis has

The pandemic, i.e. COVID-19 has

have seen an acceleration that is

heightened focus on the individual

brought on the awareness levels

positive.

and social concerns. The focus has

regards to the importance and

also switched towards intensified and

significance of data security issues.

Primarily, this is for businesses to

sustained public focus on very key

These also includes corporate best

keep a focus on their strategies,

social issues. Includes civil rights,

practices, digital platforms for

especially the challenging ones.

anti-racism, and a reconciliation with

payments, privacy issues and cyber

senior corporate leaders. Hence, this

26

MBE BUSINESS MAGAZINE OCTOBER 2020

aspect towards analyzing potential

W W W. M B E F O RYOU. C O M

security problems. Largely, due to the increase of online shopping and e-commerce activities being on an increase in times of lock-down. Another risk that is of huge concern is employee gross misconduct. This is for the organizations when it comes to internal risk mitigation. Staying away from work for a rather high amount of time can effect organizational behavior, while increasing the employee misconduct future risks.

CAPITAL RAISING- A CRITICAL CONCERN: Another huge risk associated is the capital raising for new and old businesses. This is post COVID-19 era and immediately after the lockdown gets over with.

The Govt. stimulus programs and the low interest rates are the ones that are bringing rise to favorable debt. This is for the debt capital market conditions for the corporate issuers.

WHAT NEEDS DOING IN FUTURE? Taking lessons for the future in such scenarios is highly needed in current times. While, the COVID-19 is already a fundamental challenge to the economy and the society, how to combat such a situation in future is what needs to be considered?

Hence, this crisis has been a cause of the acceleration of many changes that are already underway in the specialized markets. Furthermore, it’s been the cause of many change management programs in organizations, especially talking about the MNC’s.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE OCTOBER 2020

27

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EATING DURING COVID-19: IMPROVES YOUR MOOD & LOWER YOUR STRESS LEVELS

DIGITAL MEDIA MARKETING MB Enterprises

How eating habits is affected during

knowledge of what it is about.

er Apps: Staying connected through

COVID-19? An answer many people

There are hardships in coping with

apps while you can’t socialize or

are looking for as it improves mood

COVID-19 and not reaching your

mingle with people will always help

and helps in lowering the stress levels.

favorite salty, crunchy snack because

you enjoy your food. Staying connect-

Food is always the best way to

of the boredom factor that arises due

ed through Skype, Zoom or FaceTime

generate your happy hormones,

to COVID-19.

with your close friends and Family will

especially helps to encounter the

help you stay connected. It will also

stress due to COVID-19. Naturally, it is

MAKING GOOD FOOD CHOICES:

help you share recipes and even cook

something many people haven’t

It’s necessary indeed to make healthy

together as a hobby or something to

experience but keep a generalized

and good food choices while fighting

keep you busy mentally.

idea of how things can change during

the COVID-19 from home.

the pandemic. Because of social

• Making Schedule Or Daily Meal

• Planning For Groceries: Planning

distancing and lock downs children

Plan: Making a daily meal plan will

your groceries is yet another identify-

and entire families are home together

always be a huge factor in controlling

ing factor that shall keep you mentally

all day. This has also caused work and

moods and also you will know what

busy and happy. Best thing is to buy

school schedules disrupted, loss of

you are eating every day. It is

fewer processed, high sugar snacks

daily routine increasing anxiety and

something that is more predictable for

and high-salt.

disturbing the healthy routine. A huge

you and everyone in your household.

reason for anxiety is because of uncertainty or having very low

30

MBE BUSINESS MAGAZINE OCTOBER 2020

• Managing The Environment: It’s true • Staying Connected Through Comput-

that you shall be having some W W W. M B E F O RYOU. C O M

environment restrictions i.e. you will

and red bell peppers. Citrus fruit is

be alone and enjoying your food on

both rich in Vitamin C which is good in

HOW COVID-19 HAS AFFECTED DAILY LIFE & ROUTINE:

your own. You have to enjoy with your

improving the immune system so that

Staying home due to the pandemic

media options that includes T.V.,

you can fight any disease easily from

COVID-19 can be a huge challenge

computer, Your Digital apps on phone

the inside. Adding spices to soups,

for many people especially those who

and laptop or while watching your

stews or salad dressing can be highly

are busy daily due to business or job

favorite football match. If the candy is

helpful in terms of taste as well as

routines. The challenge is big as it can

missing from the cupboard than

health. Try to use food that holds its

increase the anxiety levels including

simply you can’t eat it.

richness in Zinc, this includes Oysters,

boredom factors.

clams, cashews, liver, beef, and egg • Saving Money: At the same time

yolks.

isolation is the best way you can save

People can abandon their daily routine, healthy eating habits and

money as well. You can skip the

Zinc is good for health as Zinc has

casual snacking. However, with proper

high-sugar soda and juices, instead

ingredients that help in virus fighting

planning & thought you can make

have flavor water with edible citrus or

and disease prevention. Omega 3

good food choices and boost your

berries.

present in fatty fish will definitely help

immunity and mood. Exercise can

fight and reduce anxiety. We are

also help in boosting moods and also

• Load Up: Load up yourself with a

talking about the anxiety associated

it will make you happy and relaxed

variety of vegetables while you enjoy

with COVID-19 and while staying for a

during COVID-19 lockdown.

your favorite ones along with mixed

long while at home.

vegetables. Also enjoy the variety in whole grains, healthy fats and lean

Finally, adding some antioxidants to

proteins to keep you fit. This is

your anti-anxiety diet will be a huge

because sitting at home constantly

support for your immune system. It will

can make you lethargic and unhealthy

help daily in fighting against any

due to lack of movements.

symptoms of a virus minor or major.

Its daily use will definitely help in

BEST WAY TO REDUCE ANXIETY & BOOSTING IMMUNITY:

reducing your anxiety and fear associated with Pandemic COVID-19.

The things that are best to improve your immune system is Citrus fruits W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE OCTOBER 2020

31

GLOBAL SUSTAINABLE TOURISM CONFERENCE BRITISH COLUMBIA DIGITAL MEDIA MARKETING MB Enterprises

The Global sustainable Tourism

attractive province with gorgeous &

gorgeous urban architecture and

Conference is an event taking place in

mega cities like Victoria and Vancou-

landscapes. The announcement being

the Mid-November 2020 in British

ver is investing huge numbers on the

a key one was made last year in

Columbia. Ironically, it is an event

sustainability of its tourism sector.

Terceira Island, Azores on 6th

taking place for the sustainability

This is a sector that has been

December 2019 by GSTC CEO

measures that are regularly in place

neglected since many years is now

Randy Durband and Thompson

for the Tourism industry in Canada.

being taken care of because of the

Okanagan Tourism Association

Similar to Ontario Tourism Summit,

sustainable measures needed. The

(TOTA) CEO Glenn Mandzuik.

the event is of huge magnitude in

Tourism conference shall be taking

terms of the number of people coming

place from 19th Nov – 22nd Nov 2020’

This event will welcome over 300

to the conference in the Province.

and is hosted by Delta Hotels by

international leaders together with 200

Irrespective of the current scenario

Marriot Grand Okanagan Resort in

being the local ones and the national

that relates to COVID-19, the confer-

Kelowna, British Columbia. The

delegates from British Columbia and

ence holds huge significance for the

Province ranks 5th in the list of

rest of Canada. The main aim is

residents of British Columbia. A very

provinces in Canada, and is full of

sustainability of International Tourism

32

MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

in Canada, especially in the Province British Columbia. A

It was a major contribution on part of The MBE Group

sector that is highly affected since last few months due to

towards sustainability measures in the Tourism industry in

pandemic COVID-19, is a massive contributor to the Canadi-

Canada. The country is blessed with true beauty of nature in

an economy. These are key contributions for marketing

terms of its gorgeous lakes, rivers, wildlife parks, streams, &

professionals, airlines, ticketing and reservations, travel

Water falls e.g. The Niagara Fall. Like the Senator Hotel

agents and tour operators as well as the international media.

Timmins, Algonquin Lakeside View is playing a massive role in promoting tourism activities. A holiday resort surrounded by

MBE & THE TOURISM CONFERENCE- BRITISH COLUMBIA:

a beautiful lake and a Wild life Park welcomes thousands of

MBE’s contribution in the Tourism industry has been a highly

visitors every year. MBE is highly positive regards to the

recognized one, especially after the acquisitions of Senator

conference taking place in British Columbia in relation to the

Hotel & Conference Centre Timmins, and Algonquin Inn

relevant sustainability measures. Especially in times of the

Lakeside View in 2019. Therefore, stepping into the Hotel &

current pandemic, the step is indeed a brave one, just for the

Tourism industry has been highly prestigious for The MBE

sake of Tourism industry Canada. The losses that have been

Group. The last year’s Ontario Tourism Conference that took

taken by the industry in recent times have been huge in terms

place in Timmins was a highly successful and a recognized

of the job losses as well as the financial risks.

event.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE OCTOBER 2020

33

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HOW CLIMATE CHANGE COULD EXPOSE NEW EPIDEMICS DIGITAL MEDIA MARKETING MB Enterprises

Climate change has been a major

humanity and their constant encroach-

homo-sapiens or the mankind is their

cause of concern in Canada and

ment on the planet’s dwindling wild

unwanted ignorance. This ignorance is

many places in the North American

spaces. The change in climate

regards to the impacts that relates to

continent. It can be a cause of new

referred most commonly as the

global climate change. A phenomenon

pandemics as well, according to most

climate change is very rapidly

that holds huge and significant factors

recent stats from WHO, The World

emerging as a key driver of infectious

of rise in new epidemics. Ironically,

Health Organization. The pandemic

disease. This is either by the expan-

pandemics and epidemics have some

COVID-19 that has been a cause of

sion of footprint of malaria, and

biological and other reasons that are

many deaths is the world’s most

dengue carrying mosquitoes, or finally

related to an abnormal rise or fall in

dangerous in terms of mortalities,

defrosting pre-historic pathogens from

temperatures. Since the very start of

destructions, and other losses of

the Siberian permafrost.

industrial age, also known as Industrialization, or a transformation to the

similar nature. The pandemic that has claimed over 760,000 lives so far was certainly an origination from wild bats.

It highlights the dangers exposed to

36

MBE BUSINESS MAGAZINE OCTOBER 2020

‘MANKIND’S BIGGEST ENEMY IS IGNORANCE’:

industrial world. A climate change

As the nature is full of microorgan-

Canada and a massive region called

isms, the biggest enemy for the

Alaska that contains almost three

platforms spreads across Russia,

W W W. M B E F O RYOU. C O M

times the carbon. This is three times to the carbon that has

there has been a huge rise in the diseases that can easily kill

been emitted since the start of the industrialization or the

half a million people per year. These includes malaria,

Industrial Age. Carbon Footprints are the worst thing happen-

dengue, chikungunya and Zika, being the ones that are

ing in modern times and are highly prone to increase epidem-

caused by mosquito bites. These are epidemics that have

ics and pandemics.

been cause of many deaths in the past, and numbers are still

According to the IPCC, or UN’s Climate Science Panel, even

counting. Occurs from changing weather conditions, impurity

if the humanity manages to stop or limit global warming to -2

in elements and stagnant water or impure water.

degree Celsius. A goal that is set by the 2015 Paris Agreement as threshold of safety to stop climate change. Hence, by

Hence, according to a national lab in New Mexico (North

the year 2100, the Permafrost area will decrease by a

America), mosquitoes that are moving their range north are

quarter.

now able to overwinter in some temperate regions. These mosquitoes have longer breeding periods, hence more

RISING DANGERS TO THE ENVIRONMENT:

fertility increasing the risks for human life. The research

Apart from the many rising dangers associated to the

conducted has been part of the efforts made by officials from

environment, there are many epidemics and diseases that

Bio security & Public Health. It’s not only the awareness

are also associated. These are all related with the industrial

regards to the pandemics and epidemics that is related for

exploitation of the Arctic all the risk factors are virtually

future safety. It’s the vital efforts that people are making, and

evident. These includes Pathogens and the people that are

should continue doing to combat issues related to the Climate

most likely to carry them. With the climate change in effect

change. An immense amount of change that we need for a much safer environmental sustainability.

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MBE BUSINESS MAGAZINE OCTOBER 2020

37

CROSSWORD PUZZLE

DOESN'T SOUND SO HUGE ACROSS 1 Fitness centers 5 Three sharps key: abbr.

9 Bad shot shouts 14 Dry riverbed 15 Long sentence 16 Suggest 17 " ... have __to stand on" (2 wds.)

18 __ the Impaler (Dracula prototype) 19 "Good Will Hunting" star Matt 20 Her big break came in the co-starring role with 19-Across 23 Altogether (2 wds.)

24 Mournful poem 27 Fam. reunion attendees 29 Take a psychedelic journey (2 wds.)

31 Pres. before FDR 34 Vehicles that played a big part in “The Italian Job" 36 Home of Cincinnati, Cleveleand and Columbus 38 Drink suffix 39 Mex. miss 40 Big Minnesota city near St. Paul 45 Georgia, to Gorbachev: Abbr.

46 They're typically either collect-ibles or clunkers (2 wds.)

47 Astronomical meas. (2-wd. abbrev.)

49 Because of (2 wds.)

50 Symbols of slowness 54 Big roles for Octavia Spencer in "The Help" 58 Kitchen item with strings 61 Q-Tip 62 Novel conclusion?

63 Wide-eyed and bushy-tailed 64 Popular Danish shoe brand 65 Minute amount 66 " .. .isn't my first __ " (i,e., I've been around the block) 67 Like badly ap plied makeup 68 Breakfast area

5 Air

1

2

3

4

5

6

7

8

9

14

15

16

17

18

19

20

21

24 27 32

33

36

28 34

42

30

43 47

49

58

59

44

45 48

50

60

55

56

51

52

53

57

61

62

63

64

65

66

67

68

sacs in the lungs 6 Temperate 7 Off yonder 8 "Star Wars" warrior 9 Beethoven opera set in Seville 10 Dr. iForeman's portrayer on "House" 11 Tach measure 12 "Rock 'n' Roll Is King" band, for short DOWN 13 Thesaurus feature: Abbr.

1 Mystic 21 Bit of gossip 2 Would-be Vice-Maverick Sarah 3 Make __ in (get a start on) (2 wds.) 22 Florida's Beach 25 People on the move 4 Milano Mr.

26

13

39

46

54

25

29

38 41

12

35

37

40

11

22

23

31

10

26 Asian tents 28 Ginger cookies 29 Immune response orchestrator 30 Pre-1917 ruler 31 __ sapiens 32 Kid 33 Yoga practitioner 35 Bachelor's last words 37 Over (2 wds.)

41 Corrode (2 wds.)

42 "East of Eden" brother 43 Baby blue cigar band message (3 wds.)

44 In (harmonious)

48 Earn tons of, as dough (2 wds.)

51 2-word school yard retort 52 Kind of ticket 53 Word before "preview" or "thief" 55 Tiny time period: Abbr.

56 Leadership org. for females: Abbr.

57 Candlestick jumper of rhyme 58 Swiss river to the Rhine 59 Arafat's org.

60 Cabernet, e.g.

See previous issue answers on page # 21

38

MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

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HOW THE CORONAVIRUS CRISIS IS CHANGING THE INSURANCE INDUSTRY DIGITAL MEDIA MARKETING MB Enterprises

A huge reason for the change in the

decline since the great depression of

support for businesses through crisis

insurance industry is due to the

the 1930s. A comparison that is not a

and disasters. Significantly, this is the

coronavirus crisis. An international

worthwhile one due to the huge

sector that stays active at the forefront

crisis that has been the cause of

involvement of time, as well as the era

or frontline during the current challeng-

many changes in the business &

in time. However, the calculative

ing days. The effective ways to cope

economic world. The insurance

measure is true regards to the stats

up with the current situation is to

industry holds huge level of concerns

involved. Unfortunately, there are

highlight the lessons from the pandem-

with the associated risks that can

many economies that are currently

ic as well as learn to adapt. Adaptabil-

easily change with the current course

witnessing recession and these vital

ity, is not only vital in getting to the

of time. However, the circumstances

economies includes USA, UK,

results, but also getting along with the

holds many values while making

Canada, France & Germany. These

situation while making positive moves.

evaluations regards to the associated

are the major economies of the world,

Showing higher amounts of flexibility

risks.

especially, US, Germany, UK & France

and adaptability in the insurance

being the key contributors in the

industry is the best way to stabilize the

global insurance industry.

various sectors linked to vital econom-

Hence, according to the IMF or the International Monetary Funds, the

ic powers.

Global economy will shrink by a huge

During these challenging times, the

3 % which is seen as the worst

insurance industry that is a huge

40

MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

INSURING A PANDEMIC CAN BE HARDER:

throughout the world, especially in North America from

Pandemics similar to the Coronavirus outbreak are different

adapting to the COVID-19 lockdown will definitely play a key

in nature to other calamities like the natural disasters,

role in shaping the pandemic insurance policies. The

tsunami and other similar catastrophes. These disasters are

insurance policies have been molded & changed according to

area specific and can hit a certain region where there holds a

the changing pandemic conditions and the time frame of the

history of natural disasters and calamities. Scientifically

lockdown. All affecting businesses and work activities globally.

speaking, disasters are highly dependent on geographical or

Therefore, this is not just a territory bound issue, it’s a

topological divisions. However, pandemics and epidemics

financial binding more or less associated with all the

don’t have any boundaries and can happen anywhere

COVID-19 affected countries & regions.

irrespective of the geo significance. They also have a highly unpredictable nature which means one can’t predict how long it can take to wipe out. Simply, the time frame is unpredictable, the magnitude of the disaster is difficult to determine and similarly many other factors associated are harder to analyze.

Hence, there are many innumerable reasons why a pandemic or an epidemic is hard to ensure. The unpredictable nature of a pandemic is why the insurance industry can behave a bit different from normal. The experience that has been gained

41

MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

How the experience of colonialism is linked with the idea of development and Globalization

DANIYAL H. GHALLOO

We as humanity have come a long

extensive reach? Was it just a

compare and resulted in nations being

way with our appetite for progress. As

development or was it something

categorized as “developed” or

a civilization we have advanced so

else? This article will argue on how

“underdeveloped”. Development as

much that we could easily find out

the idea of development is linked with

we see it now is more associated with

what was happening on the opposite

the experience of colonialism, and

main development indicators such as

end of the world, in a click of a button.

how both of these have helped foster

GDP growth, HDI. The main idea

If we really wanted, we could even go

globalization.

behind GDP as an indicator for

there ourselves in a matter of hours.

development is that countries that

This is the result of the phenomenon

In order to understand the modern

have a high economic growth are

we call globalization. But what exactly

concept of “development” we have to

likely to have a better quality of life,

made globalization possible? We

refer to the Inaugural Address by US

such as in terms of literacy rates and

could say that it was development in

President Harry Truman in 1949, in

life expectancy, which often translate

the form of scientific advancements

which he mentions the “underdevel-

towards the Human Development

and we wouldn’t be wrong. But this

oped areas” inferring that there is a

Index. There are several factors that

wouldn’t be the only force behind

universal measure of development

allow for growth such as the discovery

globalization. England had been

through which countries could be

of new resources i.e. minerals, metal

recognized as a global power since

surveyed against a particular

deposits. An increase in the quality of

1920s but how did it developed its

standard. This standard was used to

the workforce, through education,

42

MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

training. An increase in capital

case of farmers where more farmers

rising, which again leads into the

investment and machinery, which

on a piece of land resulted in diminish-

general understanding of develop-

allows for an improvement within

ing returns. Higher levels of lifestyle

ment.

technology.

also resulted in higher amounts of wages. This was mainly the result of

An increase in the innovation rents are

Britain’s development itself was

Britain finding cheap labor in the

a viable explanation as to why the

dependent on its vast empire. Where

colonies while labor in their own

industrial revolution happened in

much of the development was set for

country became much more expen-

Europe. Britain was also a country

the core through the transfer of wealth

sive. This resulted in the rise of capital

that needed to increase the speed at

from the periphery. Colonialism

or energy intensive technologies

which trade happened, which leads us

allowed countries to set up colonies,

which led into the industrial revolution.

to the concept of globalization.

which were mostly motivated by

According to Bob Allen the Industrial

Globalization is the process of

religious and financial motives.

Revolution occurred in Britain

internationalization of goods and

Western colonialism such as in the

because of the investments in capital

services. David Harvey defines

case of British, Portuguese and

intensive technologies. Bob gives the

Globalization as compression of time

Spanish were joint public private

example of Hargreaves spinning jenny

and space, the fact that we can travel

ventures. The Spanish managed trade

which was made through the patent

longer differences in a shorter time. It

through its colonies by laws and

registration in the 1760s. Bob

was technology that sped up the

allowed only trade with its mother

questions why Hargreaves went

economy after all. If we were to see

country, while the French, English and

through 5 years of effort and 100s of

the majority of development in these

Dutch converted trade monopolies

pounds of investment just to make the

colonies, we would see that these had

into joint stock countries, such as the

spinning jenny. The answer is in

been majoritavely agricultural

Hudson’s Bay company and East

economic rents. Simply because it

countries with developed transport.

India Company. The Colonialism

was more profitable than all other

India in particular had very developed

allowed these countries to find new

methods to do so at that particular

railways and this was against to

resources but also cheaper labor

time. As Britain’s commercial empire

transfer wealth from the periphery to

which further allowed them to expand

was expanding and labor was

the core. We could even claim that this

their own growth rate and develop.

becoming scarce and therefore

sort of development rather than

The development up till this point was

expensive, before this time the wage

increase the standard of living for the

very linear. While the British enjoyed

of women was much lower as

people of India helped foster their own

their new lifestyle there was an

compared to men, but also even lower

exploitation and may have even

increase of population within the

relative to the investment in the jenny

resulted in major famines. The Bengal

country which balanced the real GDP

which meant by hiring these women

famine 1943 was one such, as people

of the country.

Hargreaves would have received an

had given up all of their produce by

This very idea of development could

economic rent. This made it more

orders of the British and 3 million

be seen arising from how the

worth the investment to hire women

people starved to death.

developed countries managed to

than to improve on the technology. But

Once the countries in the west had

break through the Malthusian trap.

this changed when the wages for

left these colonies and started to

The idea of Malthusian trap came

women also started to rise. The idea

appreciate the living conditions in their

from an economist Thomas Robert

of creative destruction by Joseph

homeland they felt once again as if it

Malthus, who argued that the food

Schumpeter is another factor which

was their duty to help those that were

production of the world is growing

would emphasis the importance of

less fortunate. After all, one of the

linearly whereas the population

economic rents, which would have

effects of globalization was the

growth is exponential, thus resulting in

further led into innovative rents. In

circulation of discourse where there

an inability of the world to sustain crop

essence any form of increase in the

were pictures being scattered around

production in order to feed its

wages of workers would have motivat-

the media depicting the impacts of

ever-growing population. This popula-

ed energy-intensive technologies,

malnutrition, death and disease

tion growth is only possible with a high

there were numerous factors that

present in the third world. What was

standard of living, where the subsist-

could have resulted in doing this. Such

conveniently left out was that majority

ence level is much higher, and

as how the extension of right to vote

of the third world countries were all

Malthus argued that this would stay in

gave workers more bargaining power

former colonies that were stripped of

equilibrium. This was evident in the

and therefore resulted in their wages

their resources.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE OCTOBER 2020

43

IMMIGRATION GUIDELINES FOR ‘PR’ APPLICATIONS IN COVID-19 DMM DEPARTMENT MB Enterprises

The latest Immigration guidelines for

in Canada for the sake of business,

to some missing documentation shall

PR’s or Permanent Residence

and permanent settlement. These are

be retained and reviewed within the

applications in response to the

also people who have applied earlier,

first 90 days of the application filing.

COVID-19 has been released by the

i.e. Pre-COVID-19 and are waiting for

However, the completed new

Canadian Govt. These are policies,

the response regards to their

applications for permanent residence

procedures & regulations in response

respectable applications. Hence, the

will continue to be processed

to the COVID-19 developments &

IRCC, a sound organization or a

according to the normal procedures

how they are shaping up.

Govt. body is highly responsible for

as they use to happen pre-COVID-19.

the activities that relates to Canadian

As part of the flexibility measures, if

According to immigration experts &

immigration and fast response. They

in-case fresh application lacks

advisers in Canada & around the

have been successful in issuing the

supporting documentation. In that

world, immigrating to Canada can be

latest guidelines that are published

scenario, it will be with an explanation

a challenge for fresh permanent

on May 29th, 2020 i.e. the set of the

for the application referencing service

residents. Hence, many are still

latest guidelines in the wake of the

interruptions due to COVID-19 travel

wondering that how the Govt. of

current happenings.

restrictions. The explanation shall be

Canada shall be addressing this

vitally important in terms of the visa

NEW IN-TAKE CONTINUES- THE LATEST HAPPENINGS:

processing. It may also result in the

happenings of COVID-19. The IRCC, or Immigration, Refugees and

The new permanent resident in-take

reviewed within 90 days. Hence, for

Citizenship Canada has issued a set

continues even though the Govt. of

the fresh applications or new applica-

of critical guidelines for the perma-

Canada has been facing many

tions they will be processed in the

nent residence applications. These

challenges. Hence, the files of the

order that they are received.

are people who are planning to arrive

applications that are incomplete due

situation in the wake of events &

44

MBE BUSINESS MAGAZINE OCTOBER 2020

application being promoted &

W W W. M B E F O RYOU. C O M

An application without an explanation will hold huge chances of the application or the file being rejected.

Hence, an explanation is something apart from the norm, and holds huge priorities in the wake of COVID-19 happenings.

Some flexible measures are also in progress that are in relation to the principal applicants. The applicants for permanent residence that are residing or currently in Canada but the dependents are abroad, will continue with their current process. However, there will be considerable delays that shall take place. In the wake of unfortunate circumstances if the principal applicant’s dependents are unable to travel, the applicant shall not be granted permanent residence.

APPROVED CoPRs & PRVs: The applicants having the confirmation of Permanent residence or a PRV i.e. Permanent Resident Visa should inform the IRCC in a timely manner while using a web form. This information should be regarding their current status, if they are unable to travel before the expiry of the document.

Hence, this is important and holds vitality in case of COVID-19 circumstances and the file shall be than processed accordingly to the applicant’s current circumstances. Hence, people with valid CoPR and PRV and are unable and unwilling to travel needs to inform IRCC so that their current situation is an added thing in their file. Hence, as another flexibility measure for those CoPRs and PRVs are expired and they are unwilling or can’t travel and have also informed the IRCC regards to this prior to the date of expiry of the document. In such cases, they will have their files re-opened and also reviewed within 90 days period.

MBE IMMIGRATION SERVICES: MBE Immigration & consultancy services Canada can provide with all the latest happenings regarding the permanent residence information. This is related and relevant information regards to CoPRs and PRVs. In addition to providing the information, the team of consultants are highly equipped to entertain and resolve issues of immigration & what other flexible measures are needed to be adopted. MBE immigration & advisory services are working day & night in giving fast and acknowledged responses to their clients. This is especially in wake of events regards to COVID-19. It is particularly in response to the happenings of COVID-19, many policies and procedures have been altered.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE OCTOBER 2020

45

TOPBENEFITS

RMA/MBBP CANADA WWW.RMACANADA.COM

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MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

Choice Hotels

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W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE OCTOBER 2020

47

INTERNATIONAL STUDENTS & CHANGES MADE BY THE IRCC

DIGITAL MEDIA MARKETING MB Enterprises

Canada, a country that is considered

students coming to Canada. An

measures. According to a press

by international students for study and

announcement by the IRCC has been

release the organization IRCC will be

work purposes as one of the best in

released lately and the sole aim is to

prioritizing the processing of study

the world. The country is undergoing

provide several major changes for

permits for the students who have

some changes in policy according to

healing international students so that

been successful in submitting a

IRCC a body that monitors & manag-

they can pursue their education in

complete application online. The

es the immigration into Canada. It has

Canada. It is prior to the start of the

processing time will be fast in terms of

been decided lately because of

pandemic COVID-19 that Canada has

time taken and also in terms of

COVID-19 activity on the peak, that

been a host to over 640,000 interna-

decision making by the IRCC.

Canada shall be undergoing changes

tional students. International students

The immigration body IRCC is also

in their immigration programs. The

give value and offer significant social

introducing a temporary 2-stage

country will fast-track study permit

and economic benefits to the country

approval process i.e. for the interna-

processing and is introducing a

apart from the benefits that they have

tional students. These are measures

temporary 2-stage study permit. This

been taking from Canada.

especially for those who are unable to

is for the sake of making things easy for international students in the midst of current activities of COVID-19.

submit a completed study permit

INTRODUCTORY MEASURES BY IRCC:

application. On top of that they want to begin their education program online.

The organization IRCC, Immigration

As announced by the immigration

Apart from this, there are huge

Refugees and Citizenship Canada

body the temporary program shall be

impacts that have been witnessed in

said that it will help international

readily available for those students

Canada, especially regards to

students as according to the following

who want to begin their program this

48

MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

fall, and for those who will submit their

pandemic COVID-19 has impacted

Students have a huge desire to come

study permit application by 15th

IRCC’s ability to process study

to Canada simply because of the

September, 2020. Another major

permits. These new changes in the

high-quality of education being

initiative that IRCC is providing to

policies and regulations made by the

provided. They also want to be more

international students enabling their

IRCC will be a great source of help

privileged as they are more attracted

studies while they are still abroad and

and will help students begin their

because of the work options in

making that time count towards their

study programs online this fall. These

Canada during and post Study work

PGWP i.e. Post-Graduation Work

shall be conducted at a Canadian

options. Finally, most of the students

Permit. They should spend at least

designated learning institution (DLI).

also want to obtain permanent

50% of their time of study in Canada as long as they have submitted a study permit application.

residence so that they may become

BENEFITS PROVIDED TO INT. STUDENTS:

Canadian citizens in future. Being a Canadian citizen and getting a

Canada is a country that is considered

Canadian passport after completing

WHY ARE THEY HELPING INT. STUDENTS?

as a heaven’s gateway for internation-

the whole migration program is most

al students in terms of benefits

people’s dream & key objective. A

Why is IRCC helping international

provided during & Post Study. The

highly acknowledged passport in the

students whereas Canada is in the

benefits provided by the Canadian

world, Canadian passport holds huge

prestigious list for international

universities and colleges as well as

significance for people who have

students? This is a question in the

the Canadian Govt. are huge every

attained that nationality status after

mind of many people who have

year. However, things have proved to

loads and loads of hard work in the

invested for studying in Canada, and

be difficult and different this year

country. Thanks to IRCC for their

for those who have already accom-

mainly due to the pandemic

efforts for international students. The

plished that with success. They are

COVID-19 and its impacts all over the

new and flexible measures can

simply doing this so that they can help

world. As part of the benefits provided

definitely help in bridging the gaps

students begin their programs in time

the international students can take the

that are being created between study

for the fall 2020 academic year. IRCC,

comfort in being able to begin their

permits and international students. A

is a body that holds responsibility to

Canadian program online. A study

necessary step for future of academ-

realize the importance of immediate

program that will protect those Health

ics & academic values in Canada.

measures and that COVID-19 has

& Safety as well as also enable them

been a source of uncertainties for int.

to achieve their various study, career

students. In addition to this the

as well as immigration objectives.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE OCTOBER 2020

49

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“ITS WORK: THE PANDEMIC WORK DAY IS 48 MINUTES LONGER WITH MORE MEETINGS” DMM DEPARTMENT MB Enterprises

The Pandemic work day although

that you are using at home that can

48.5 minutes longer than normal. This

seems to be a relaxed one while

make a significant difference.

rise has also increased the meetings

working remotely is a bit longer than

Ironically, with the amount of meeting

on Zoom and skype to a huge 12.9 %

a normal work day. This is largely

time being increased, the pandemic

which is on the higher side. This is

something which has to do with more

has made a big difference for those

variable depending on your field and

meetings being made while working

working remotely or at home. While

your role at work.

9-5 at home. The time taken while

we have just reached the 5th month

commuting is being saved to a huge

of working from home, it seems like a

STRUGGLING TO STAY FOCUSED:

extent which makes it less stressful.

habit. When we consider the huge

It is higher in length of time, and

However, the total time given at home

rise in the unemployment rate,

According to Dr. Nzinga Harrison,

is largely increased due to the work

naturally, you can’t miss the impor-

Co-Founder and Chief Medical

from home significance and ease.

tance of working from home. Neither

Officer, it can be an issue for health

can somebody take things for granted

as well. She has said that there has

This has been an observation, that

which means always focused at work.

been issues with her clients that are

many people can give more and

At least you don’t have complains

related with “empathy fatigue”,

more time at work from home as

regards to no work, because at the

compassion burnout, difficulty

compared at the work place. This is

end of the day you have work from

working in collaboration and lesser

due to larger concentration levels and

home option. A specific study from

amount of motivation to tackle

increased focus at home. Although, it

National Bureau of Economic

projects. She has also reported that

largely depends on the environment

Research, the average work day is

there have been issues of drinking

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with the clients, which are more or less related to managing stress of COVID-19 environment. The environment is more linked to digital media and being alone in quiet rooms with the work station. Such a scenario is indeed stressful for those who are prone to work 9-5 in the office. According to Brian Wind, a clinical psychologist at Journey Pure says that people have been struggling to stay focused as well at home. This is mainly due to the amount of distractions that they have been witnessing since last 4-5 months.

ZOOM MEETINGS REQUIRES DEEPER CONCENTRATION LEVELS: Zoom meetings while working from home requires deeper amounts of concentration levels. This has been realized as a huge fact due to the distancing that is being created between the colleagues. Deeper concentration levels are needed to combat confusions and other issues that can create major conflicts. However, the main aim is to avoid any kind of conflict that can arise due to work pressures and strain. However, on the other hand a behavioral psychologist believe that most colleagues have used Zoom to avoid stress of COVID-19 environment. This can relax the mind and increase concentration levels depending again on the role of the person.

Workers and businesses are still in the journey of adjustments while they are operating in the pandemic.

This is particularly true because of the amount of uncertainties associated during the Pandemic COVID-19. According to the Vice President of Human Resources at SSPR, a national public relations agency, with so much uncertainty it’s not business as usual at any company, says Loni Freeman. However, he is affirmative that things will change in the direction of flexible adjustments to make work from home an interesting option. Especially true in case similar circumstances can arise due to a pandemic.

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53

POS TRAINING TIPS THAT EVERY BUSINESSES SHOULD FOLLOW DMM DEPARTMENT MB Enterprises

POS or Point of Sale is the key

that the system is aligned for

options. Talking to the staff about the

behind the operational environment

maximum possible usage while

POS software will always give them

of many fresh and old retail business-

keeping in view the client’s require-

the confidence with practice at least

es. In a successful restaurant, hotel,

ments. As a pre-requisite its best to

for some time for every one of them

cinema or any retail environment it is

manage and train the staff with all the

will make them closer to perfection.

indeed a necessity to have fully

key deliverables and procedures

All this will be an added advantage in

trained staff for POS systems. You

involved in the POS environment.

the business strategy while making

must have the right team, trained to

sure that the time is reduced to a

1. PRACTICE MAKES A MAN PERFECT:

huge amount. Every step should be

best possible ways. Dealing with the POS issues in a timely manner,

‘Practice makes a man perfect’, a

practice is a value addition for them

taking minimum possible time and

saying that is very true for people

at the workplace.

acting smartly is the vital need of the

working in the POS environment. The

POS environment which is indeed a

environment holds values of perfec-

2. ROLE PLAYING & TEST RUNS:

common framework in the retail

tion with practice being the key

Role playing & test runs are the best

sector. Dealing with success in the

behind the success of the POS retail

possible ways to learn the POS retail

retail environment means business

workplace. The best thing is to teach

with a closer and much more realistic

for the client, the customers and

your staff how it works, if you have

mindset. For example if you own a

potential business owners. Efficiency

made your mind that you have to

restaurant, you got to make sure that

in operations and deliverables means

involve the staff with payment taking

all the members of the staff can take

serve the client or customers in the

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MBE BUSINESS MAGAZINE OCTOBER 2020

memorized step-wise so that their

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orders, input the orders, and cash out tabs. The owner should also make sure that the practice of staff is done with discount options as well. These options includes coupons, splitting checks, and modifications to entrees.

Similarly, in the retail environment the member of staff can also practice transactions with discounts, the clearance items, returns etc. You got to have a look as an owner where most trouble is and continue to role play and practice at the same time. The main aim is timely operations of all transactions while making sure that the customers gets satisfaction.

3. PICKING UP A TEACHER: Picking up a teacher or a trainee for your staff is the most concrete of the steps. It holds importance as the trainee or a teacher in simple terms understands the use of the software and can answer customer questions and queries. The person should also be able to answer to questions and queries of the people who are being trained.

4. REVIEW: Just before you wrap up the POS training make sure that you allow enough time for the question and review session. To raise the interest levels in POS training or to make it mandatory in the company’s manuals as part of the training. Try innovative measures like playing a game or start a staff question over the upcoming days.

This is to help the employees retain all the information and continue to learn. As an owner there can also be an introduction of rewards as an incentive. Incentives and rewards are the best ways to motivate the staff regards to their learning outcomes.

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55

SUSTAINABILITY, ENVIRONMENTAL ISSUES & POLICIES CANADA 2020 DMM DEPARTMENT MB Enterprises

Being a huge country from North

ture. The biggest industries in Canada

Apart from the weather conditions of

America, Canada is massive in covered

is into the extraction of the natural

Canada that are extreme in most areas,

area and also has a wide range of

resources. These resources includes oil,

a huge amount of population lives in

eco-systems. The area that covers lakes

gas and Uranium being the three major

urban areas. Hence, the cities are

and rivers is approximately 7% of

ones.

notorious for their poor air quality, which

Canada’s total area. In the North i.e. the

varies area wise i.e. rural. The organiza-

northernmost part of Canada only the

ENVIRONMENTAL ISSUES CANADA:

tion Environment Canada which is

12 % of the land is found suitable for

The environmental issues in Canada

highly responsible for taking care of the

agriculture due to harsh & extreme

are a huge point of concern due to the

environment in Canada and monitoring

climate conditions. Most of the Canada

climate change which is happening at a

of weather conditions and climate

has very extreme weather conditions

higher rate. The country’s concern is

change in Canada.

and harsh climate i.e. not well for

highly related to the impacts of the

agriculture.

Climate change and the Govt. is

The organization in mid of 2020, has

The Canadian culture and its economic

working on policies to combat them. A

raised huge concerns for the environ-

values are very much like its neighbor

huge amount of wealth is generated

ment which is affecting wildlife, vegeta-

and twin country United States of

annually from its oil and gas operations.

tion, soil and water. They have further

America. However, the climate

The O&G sector accounts for a quarter

claimed that the air pollution that is

conditions all over the USA are not

of the Canada’s greenhouse gas

mainly in cities i.e. urban areas is a

extreme in terms of living, and the

emissions.

huge cause of acid rain. Acid rain is a

country is far better in terms of agricul-

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MBE BUSINESS MAGAZINE OCTOBER 2020

huge contributor to climate change, and

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the percentage of acid rain is increasing every year in Canada. A huge concern that needs to be stopped and monitored to avoid future hazards.

THE ENVIRONMENTAL POLICIES OF CANADA: Environmental policies of Canada are a set of mandatory policies and procedures that are needed for the protection of the environment of Canada. This includes lakes, rivers, and all kinds of other environment which is mostly ice and forest regions as well. Environment Canada is working hard to make policies that are for the betterment of environment and environmental sustainability. The Canadian environmental Protection Act was introduced in 1999 and the aim was to combat specific to air pollutants. The Act has had many amendments and additions since it was first introduced.

The country has reached a huge amount of environmental agreements that are with the international community.

It was one of those countries who were the first one to recognize the importance of climate change policies.

Hence, Canada was the first developed nation to ratify the UN Convention on biological diversity. The Govt. of Canada’s efforts have highly safeguarded almost 10% which is a huge area i.e. land mass, and a huge 3 million hectares of Ocean. These efforts are on the move on a daily basis for the environmental sustainability of Canada.

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THANKSGIVING DAY CANADA OCTOBER 2020 DMM DEPARTMENT MB Enterprises

CANADIAN THANKSGIVING DAY –THE OBSERVANCE:

paid official holiday, however, some

Martin made the celebrations with

retail businesses are prohibited from

salt, beef and peas. The day took

Canadian Thanksgiving day is a

opening.

place years before its American

celebration & part of the Canadian

counterpart, the key reason behind this is related to the harvest. The

majority of provinces in Canada. The

TRADITIONS ASSOCIATED WITH THE CANADIAN THANKGIVING DAY:

day is celebrated on the second

On the Canadian Thanksgiving day,

Northerly Canada than it does in The

Monday in October and the sole of

people give thanks for a successful

United States of America. The current

the observance is to give thanks for

year and the harvest of the year

date of celebration was set in 1957

the provisions. It is largely celebrated

passing. It is part of their traditional

i.e. the second Monday of October

by Canadians all over the world

history when it was first recognized

while its initial celebration since it

especially in Canada as they hold

as a national holiday in Canada in

started in 1879 took place on a

values of patriotism and love for the

1879. The origin of the day and its

different date.

great country Canada.

history dates back very long time

culture as well as an official holiday in

harvest takes place earlier in the

The observance of the day is marked

Frobisher landed on Canada while he

‘LIFE IS A CELEBRATION IN CANADA’- 12th OCTOBER 2020:

as an official holiday in Canada

was in search for a Northern passage

The core aim and the theme of the

except for New Brunswick, Nova

to the Orient. He was the first one on

observance is to celebrate life in

Scotia and Prince Edward Island. In

his third voyage in 1578 held a formal

Canada, the culture of Canada, the

the province of Nova Scotia, Thanks-

ceremony where he happily and

Provisions, the economic values,

giving Day is a designated Retail

particularly gave thanks for surviving

social values and history of the great

closing day. This means that it’s not a

the long journey.

nation. Thanksgiving gives Canadians

when the English explorer Martin

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internal peace and gives them a realization that even though life is a celebration, thanksgiving is a must. It is celebrated in form of parties and gatherings with the loved ones and a Thanksgiving Day meal. The meal usually includes Turkey, mashed potatoes, stuffing, cranberry sauce, and many other dishes. While provincially speaking there are some regional variations in the meal. However, in most Provinces and territories the meal is the same formal one. It’s not just a meal or a celebration, it’s indeed a tribute to the cultural and economic values and prestige of Canada. A celebration of the moral and social values of Canada and what the country has given to its people and the innumerable migrants from all over the globe.

As part of the regional celebrations where Thanksgiving Day is observed & celebrated most of the Govt. offices will be closed and so will be the local amenities. The public transport is most likely to operate, however, the banks will be closed along with Toronto Stock Exchange.

In the three provinces i.e. New Brunswick, Prince Edward Island & Nova Scotia where the day is not a holiday, therefore, most families celebrate this day a day before, i.e. on Sunday.

CELEBRATIONS OF THANKSGIVING DAY AMID COVID-19: This year the day will be celebrated all over Canada on the 12th of October, i.e. second Monday of October with the same passion and patriotism for Canada. However, this year Canadians will be celebrating the day while giving thanks that most of Canada has safely dealt with the pandemic, COVID-19.

It was indeed a test of nerves, economic values & the Canadian health system, as the country was almost devastated by the financial losses that Canada had to bear in the hard times. The day will be celebrated on the 12th of October this year with safety measures, i.e. social distancing, wearing masks, and sanitizing as well. As Canada is a country highly aware of the current global situation due to COVID-19, which is not over as yet.

Huge efforts from Prime Minister Justin Trudeau and the Premiers of all provinces while fighting with COVID-19 are worth Thanksgiving. It is indeed a representation of Canada’s spirit, particularly in crucial times.

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59

IS THE CLOCK TICKING ON TIK TOK? STUART HIMMEL Staff Writer

U.S. President Donald Trump said Tik

the United States gets a lot of money.

Tok will have to close in the U.S. by

an uphill climb with key details including price still not worked out.

Sept. 15th unless there’s a deal to

Trump set off a furious scramble over

sell the social network’s domestic

the fate of the Chinese owned app

TikTok / Douyin is a Chinese

operations to Microsoft Corp. or

when he said he would ban the

video-sharing social networking

another U.S. company.

company’s operations through an

service owned by ByteDance, a

Trump also said the federal govern-

executive action. He softened his

Beijing-based Internet technology

ment will have to be paid a substan-

stance after Trump spoke with

company founded in 2012 by Zhang

tial amount of money as part of any

Microsoft CEO Satya Nadella about

Yiming. It is used to create short

deal.

his company’s efforts to purchase the

music, lip-sync, dance, comedy and

viral video application.

talent videos of 3 to 15 seconds, and

“I don’t mind whether it’s Microsoft or

short looping videos of 3 to 60

someone else, a big company, a

Microsoft said in a blog post that it

seconds. Security researchers have

secure company, a very American

was hoping to complete a deal for Tik

found that the TikTok iPhone app is

company buys it” Trump told reporters

Tok operations in the U.S., as well as

spying on its users by secretly

at the White House. It’ll close down

in Canada, Australia and New

reading the clipboard

on Sept. 15th unless Microsoft or

Zealand, no later than Sept. 15th.

somebody else is able to buy it and

The White House insisted upon that

The White House has said that it’s

work out a deal, so the Treasury of

deadline although it could prove to be

concerned that Tik Tok’s parent

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company, ByteDance Ltd. could be compelled to hand over American user’s data to Beijing or use the app to influence the 165 million Americans and the more than two billion users globally, who have downloaded it.

Trump has looked to speed up the pressure on China ahead of the November election, frustrated by slow implementation of the trade pact inked earlier this year and the spread of the coronavirus which Trump blames on China.

Teenagers opposed to Trump have also used the app to disrupt the President’s campaign activities, including signing up for tickets to his first rally since Covid-19 in Tulsa. Attendance was far below what was expected and Trump has not had a rally since.

Microsoft pledged to add more security, privacy and digital safety protections to the Tik Tok app and ensure that all private data of Americans be transferred back to the U.S. and deleted from servers outside the country. The company also said it may invite other investors to take a minority stake in the company. Microsoft appreciates the importance of addressing the President’s concerns. It is committed to acquiring Tik Tok subject to a complete security review and providing proper economic benefits to the U.S including the United States Treasury.

U.S. lawmakers and administration officials have favoured shutting down the application altogether to send a message to China after Beijing restricted American companies like Facebook, Twitter and Google. White House advisor Peter Navarro said in a pair of interviews with CNN and Fox News that he wasn’t sure Microsoft was the right company to buy Tik Tok’s U.S. operations, saying it had helped China construct its internet firewall.

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61

VIRTUAL MEETINGS PROBABLY HERE TO STAY STUART HIMMEL Staff Writer

Any shareholder who’s ever endured

There is usually a presentation on

unusual circumstances that the

hours of travel to attend a company’s

company accomplishments from the

pandemic has caused.

annual meeting is in for good news in

CEO and shareholders usually have

the wake of OOVID-19 Pandemic.

the chance to ask questions.

The challenge is that participation at some of these virtual meetings has

Experts say the success of Annual

The onset of the pandemic at the

been limited. The ability to ask

General Meetings (AGMs) taken

start of AGM season this year forced

questions has been limited by the

virtual this year will probably translate

many companies to cancel their

company to either written questions

into more options for online and

in-person events and figure out how

in advance or sometimes no

teleconference participation at future

to use technology for a virus free

questions at all. In addition, the

events provided that some technical

meeting. The online migration was a

ability to log in has been quite

glitches can be ironed out with the

scramble for most, as Canadian

complicated as well. The virtual

caveat that full shareholder participa-

organizations have been much slower

events lack some intangible benefits

tion is necessary.

to adopt to virtual meetings than their

to attending a meeting in person,

U.S. counter parts. Before the

such as being able to have informal

Most corporations are required to

pandemic hit, only a handful of

chats with directors, company

meet once a year with their sharehold-

companies had ever done so.

executives and fellow shareholders.

as electing the board of directors,

Most of the response to the virtual

The first six months of 2020, 583

choosing an auditor and approving

meetings has been positive, in part

AGM’s had been held by companies

the minutes of the last meeting.

because shareholders recognize the

on the Toronto Stock Exchange,

ers to deal with routine matters such

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according to those figures compiled by Hansell LLP of Toronto, a corporate advisory law firm. That number is down almost 22% from the same time last year as quite a few companies took advantage of pandemic related deadline extensions offered by regulators.

Susan Kushneryk, a partner at Hansell, said she expects more virtual meetings will take place in the future for two reasons – people will or may be hesitant to attend crowded events even if the pandemic is under control and the convenience of being able to dial in or catch a meeting online now has been well demonstrated.

If you invested in a company based in Calgary and you live in Toronto now, if that company is having a virtual AGM, it may enable you to attend a meeting for the first time since you owned shares in the company.

Virtual AGMs in Canada and the U.S. were generally well received and well operated by shareholders, but there were also a few instances where technology failed or meeting organizers turned off the mic to stymie troublesome input. There are some high profile examples of big companies’ (AGMs) that either shareholders had difficulty getting in or finishing what they wanted to say. Investors remain wary of the use of technology in future meetings.

In Canada, Hansell found 54% of the meetings were virtual only, which means that shareholders could attend remotely by phone or computer but couldn’t ask questions or vote in real time. Votes were collected ahead of the meeting.

About a quarter (26%) were traditional physical AGMs, where shareholders could vote ahead of time or attend in person to vote or ask a question.

Thirteen percent of the meetings were what is called “limited hybrid” where participants could remotely ask questions but couldn’t vote. Just two percent were the full hybrid model where participants could vote and ask questions at the meeting either remotely or in person.

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63

OCT 2020 LIBRA Libra Your lovely home planet, Venus, begins the year in airy Aquarius but quickly moves into sensitive, compassionate Pisces in the middle of January. This comfortable pairing creates a romantic, dreamy flow of love that will help you be more understanding, forgiving and affectionate. Venus travels through your sign starting at the end of October, putting close relationships in the spotlight.

Don’t let your willingness to negotiate with people lead to crippling indecisiveness.

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MBE BUSINESS MAGAZINE OCTOBER 2020

As your ruler and goddess of love,

romantic daydreams about storybook

Venus, enters sensitive Pisces in

endings

mid-January, romance springs to life.

You are truly in love with love now,

Love is exciting and impulsive when

and there’s a dreamy energy that’s

Venus enters fiery Aries at the start

optimistic if not a bit naïve. You want

of February and being spontaneous

things to work with your partner so

can lead to some hot encounters.

badly that you might overlook some glaring problems. A Venus-Neptune conjunction at the end of January helps you continue to live in a state of ignorant bliss, but you know deep down it can’t last forever. Things to appreciate now? Gorgeous bouquets of flowers you pick together, your partner’s signature scent and

W W W. M B E F O RYOU. C O M

Your eyes aren’t on the long-term now,

different. Looking for Jupiter (the

but you aren’t against it if you meet

planet of luck) combinations in the

the right person. Decisions are

yearly planetary movements yields a

uncharacteristically made without

Venus-Jupiter square at the end of

overthinking them, Libra, which can

February that makes you want to

lead to regret later. You’re more

overspend. If you’ve got money to

competitive now than usual, so don’t

burn, go for it—but if you’re on a

pursue someone for the wrong

budget, don’t give in to materialistic

reasons. Venus’ square to Pluto at the

temptations. A sun-Jupiter trine at the

end of the month can make you more

start of September is one of the best

insecure than normal, and jealousy

solar transits and can bring big money

can rise to the surface. Manipulative

opportunities your way. It’s relatively

behavior is not attractive!

easy to improve your overall net worth now, so grab onto those high-dollar

Most people want to get lucky when it

chances when they cross your path.

comes to money, and you’re no W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE OCTOBER 2020

65

WE ARE HIRING!

HEAD CHEF

THE SENATOR HOTEL

&CONFERENCE CENTRE

JOB REQUIREMENTS LANGUAGE: ENGLISH EXPERIENCE: FRESH ABILITY TO SUPERVISE: 5 TO 10 PEOPLE

SKILLS: Maintain Records of Food Cost; Consumption; Sales & Inventor y ; Prepare & Cook Food on Regular basis or for Special guest and Events; Meals and Speciality Foods; Train Staff in Preparation; Cooking & Handling of Foods; South Indian; International; Super vise Cook & other Kitchen Staff.

WORK INFO: Room & Board Provided

HOW TO APPLY Email: gm@senatorhoteltimmins.ca Phone: (416)-918-1356 (12:00 PM to 05:00 PM) Mail: 14 Mountjoy Street, South Timmins, ON P4N 1S4 Note: Anyone who can legally work in Canada can APPLY for this job, If you are not currently authorized to work in Canada, The Employer will not consider your job application

Career Overview As a resort manager, your job will include managing all aspects of a resort, including lodging, food and beverage management, human resources, housekeeping, attractions, and guest services. You'll be in charge of employees, ďŹ nances, customer service, promotions, and quality control. Resort managers often have to work nights and weekends, putting in long hours to ensure the success of their establishment.

Job Description Includes duties in three major areas: Daily Operations, Finances, and Marketing Resources

|

Customer Service

|

Human

Daily Operations, Financial, and Marketing Duties Resort managers oversee product stocking, accounting, and marketing efforts at the resort. As a resort manager, you'll hire contractors to perform services, such as painting or plumbing.

You'll ensure that all supplies, from housekeeping materials to furniture, are in good condition and in stock. You'll monitor payroll, customer billing, and expense accounts.

Customer Service Resort managers ensure positive customer experiences by maintaining high-quality facilities and remedying problems. At the resort, you'll conduct room, kitchen, and grounds inspections to make sure that they are all up to code. You'll greet guests at arrival, create standards surveys, and ďŹ nd acceptable solutions to problems that may arise.

Human Resources Responsibilities As a resort manager, you'll be in charge of hiring, training, and scheduling new staff members.

You'll set goals for employees and help your staff achieve these goals. You might also have assistant managers who you'll work with to manage departments, such as housekeeping, dining, security, and desk personnel.

Contact: 4382 HWY # 60, RR#1 DWIGHT, ONTARIO P0A 1H0 CANADA 1-800-387-2244 stay@algonquininn.com

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MBE BUSINESS MAGAZINE OCTOBER 2020

WE ARE HIRING!

RESORT MANAGER

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MBE BUSINESS MAGAZINE OCTOBER 2020

67

Discussion with Dale Thom on Real Estate market in GTA in 2020

DALE THOM Royal LePage Exceptional

How will the Covid-19 Pandemic affect Prices of real estate in GTA? Residential Condo Preconstruction/Resale and Lease

during March, April and May because of Covid-19 but the

Most of Residential Condominium Pre Construction Sales are

Freehold leasing has a good supply and has come down in

to investors. While sales have slowed somewhat due to

price slightly.

Covid-19, prices haven’t come down. The builders will find

market has returned with pent-up demand and mortgage interest rates are at historically low levels.

creative ways to package a down payment schedule or

Commercial Sale and Business sale and Lease

discount some upgrades. If a builder can’t sell out the

Sales of Commercial Properties have remained strong while

development they typically won’t break ground. We expect a

investors recognize the impact of tenancy rule changes.

rebound of strong sales, as Toronto is a global market for

Selling a business will always depend on the verifiable profits,

investment.

so selling a business at this time may be a challenge with this year’s lost sales.

Resale Condominiums continue to increase in price. In the over last year. There was a period of increased inventory

Your suggestions to buyers and sellers, what to do and not to do in this time.

earlier in the year perhaps because of Airbnb owners selling

Please hire an experienced real estate salesperson who will

off their properties but this seems to have been absorbed.

guide you through current market conditions. In this year

Residential Condominium Leasing has seen the most change

alone we have had 3 different markets, and our clients need

during Covid- 19, with monthly rental prices coming down and

advice on whether to buy first or sell first; how to compete in a

more competition for a quality tenant. Factors that affected

multiple offer situation; how to best showcase your property to

the rental market were job loss, decreased immigration,

get the maximum sale price; how to get qualified with a good

Greater Toronto Area prices of condos have increased 8.8%

students working on line from their parents’ homes, and Airbnb properties hitting the long term market. There is a glut of rental condos on the market so tenants are even moving to cheaper units, which was previously unheard of.

Residential Homes Preconstruction / Resale and Lease Residential Freehold Home Pre Construction is seeing strong sales. The Toronto Golden Horseshoe Area has seen explosive markets in the surrounding communities such as Durham, Guelph, Peel and Hamilton and areas to the north.

Resale Freehold Houses are back to a strong Seller’s market with an increase in average price of about 16%, and an increase in sales over July 2019 of 48%. There was a pause

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MBE BUSINESS MAGAZINE OCTOBER 2020

W W W. M B E F O RYOU. C O M

mortgage representative; and how to make the move go

It’s still a Seller’s market, although the market isn’t quite what

smoothly.

it was before Covid-19. We were trending towards a record year before the virus struck. If you are renting and consider-

Any investment feedback for investors.

ing buying, buy. There’s no model that makes sense to keep

As the Covid-19 situation changes, the market will too.

renting. If you are an investor, there are some economic

Pent-up demand will ease. Inventory may go up, especially

factors in play to consider in supply and demand to analyze.

when mortgage deferrals, CERB and other economic

Mortgage deferrals will end, putting pressure on some people

supports come to an end. However, interest rates are staying

to sell. Long term unemployment numbers could increase,

low and immigration is ramping back up which could keep the

cooling the market. More properties could come up for sale

market strong. In the meantime, it looks like the hot market

as financial difficulties force homeowners to sell, investors

will continue well into the fall, and possibly beyond, depend-

may not get the rental income necessary to carry their

ing how the situation evolves, and whether there is a

properties forcing them to sell; the ability to work from home

sustained second wave.

has made many people re-think city living, and reduced immigration all shrink the pool of potential Toronto buyers. All

Short term and long term impact of this Pandemic

things considered though, the Greater Toronto Area is a big

The Spanish Flu that caused so many deaths in the period of

pool of Buyers, and it is on the radar of the world for invest-

1918-1920 changed the design of a home, mostly for sanitary

ment because of political and economic stability leading to a

reasons. Delivery people would go to many houses in a day

steady demand for real estate. Your investment is safe here.

so a change was made to put a 2-piece washroom at the front of a house to separate visitors from a family. Pedestal sinks were invented for ease of cleaning, and claw foot tubs were replaced by built-in tub designs. While I think we know more about cleaning now, I see so many people working from home that I can see the need for more rooms and more space and more separation from the others who are in the house. There will be more home offices and work spaces in the years to come.

W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE OCTOBER 2020

69

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MBE BUSINESS MAGAZINE OCTOBER 2020

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71

A post-pandemic outlook for Canada’s economy

INVESTMENTEXECUTIVE.COM

With the economy starting to re-open,

rebound in jobs, auto and home sales,

“Once the relief programs run their

Canada’s recovery has begun.

and overall retail sales could look like

course, this should help to alleviate

However, any optimism about the end

post-pandemic was based on

any labor concerns,” it said.

of the historic shutdown was

sentiment from the bank’s small

tempered by practical considerations.

business clients.

TECH SECTOR TO PLAY LARGE ROLE IN POST PANDEMIC ECONOMY:

“With some restrictions still in place,

Small businesses are “the foundation

“it’s expect to see continued growth

borders still closed and many Canadi-

of local economies across this country

among technology and innovation

ans understandably reluctant to

and account for a large portion of local

companies across the country and

venture out, a complete recovery will

tax revenue and local employment,”

anticipate that with technology

likely take an extended period of time,”

the report said. “Their rebound will

expected to play a much larger part in

according to a report by BMO Capital

influence Canada’s recovery.”

our post-covid economy, this sector will contribute growth both provincially

Markets.

Despite re-openings and business

and nationally,” the report said.

In fact, sectors such as travel, dining

efforts to maximize cash flow and

Since the pandemic began, the sector

and entertainment may never return to

make changes to their operations, a

has received a boost from online

pre-pandemic levels, it said.

persisting headwind is re-hiring

shopping and remote working.

employees and returning staffing to

The report also noted that the

normal levels, the report said.

proportion of GDP attributable to

BMO’s outlook of what Canada’s economy so far shows a partial

72

MBE BUSINESS MAGAZINE OCTOBER 2020

information and communications W W W. M B E F O RYOU. C O M

technologies has surged above 5% so

Key for the sectors will be how well

Overall, forecasted predicts Canada’s

far this year. The sector accounted for

the global economy recovers, as well

GDP to contract by 6% this year “by

4.8% of Canada’s GDP in 2019, up

as how competitive Canada proves in

far the deepest annual decline in

from 4.2% in 2007.

the space.

economic activity in the post-war era.”

The 5% figure is more than twice the

(GDP was 1.7% in 2019).

size of the hard-hit accommodation

The construction sector, which has

and food services sector.

mostly continued to operate near

As per the economic outlook report,

capacity during the pandemic, should

growth is expected to rebound to 6%

Manufacturing also offers potential opportunities:

remain viable, the report said, as

in 2021, helping to lower unemploy-

residential construction is expected to

ment.

For example, the ongoing need for

remain solid in the near term.

items such as Plexiglas, hand

That could change, however, if

Still, the challenge will be restoring

sanitizers and masks “creating

recently falling immigration levels

the economy to full health. Generally

positive momentum” for the space.

persist.

it’s not expected unemployment to

Other positives for the sector include

soon return to its pre-pandemic levels.

the potential for shortened supply

“Prior to the pandemic, Canada’s

“While the unemployment rate is

chains and the U.S.-Mexico-Canada

population was growing about 1.5%

expected to continue receding from its

trade deal, which should slightly

per year being at the fastest rate in

post-war high, we expect it to still be

benefit Canadian production.

three decades, but we suspect that

north of 7% by the end of 2021, or

Still, the manufacturing sector’s share

may cool to something closer to 1%

roughly two percentage points higher

of GDP has been shrinking in recent

on the other side of the divide,” the

than pre-virus lows,” the report said.

years falling to 10.2% in 2019 from

report said.

For oil, a report projected a partial

15.7% in 2000 and possibility is there that it could shrink further still.

Demand may not revive quickly enough to keep some firms in business: W W W. M B E F O RYOU. C O M

recovery, with prices averaging $45 On the plus side for construction,

per barrel in 2021, up from about $38

public-sector infrastructure investment

this year but down from the $57

should remain solid, particularly if

average that was in 2019.

federal and provincial budgets focus on stimulus post Covid-19.

MBE BUSINESS MAGAZINE OCTOBER 2020

73

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