Latest News from the Canadian Chamber of Commerce
Stay up to date on all of the latest news from the Canadian Chamber of Commerce (CCC).
5 Minutes for Business: GDPR an Example for the World? Be Careful of Fool’s Gold…
Now that Europe has implemented the General Data Protection Regulation and California announced that it would be taking action, the pressure is on the Canadian government to develop the right framework for our data economy.
In this month’s edition of 5 Minutes for Business, we weigh in on the debate between data protection and data driven innovation.
Read 5 Minutes for Business.
Mentally Healthy Workplaces
One in five Canadians will experience a mental health problem or illness every year. That is approximately 7 million of us. However, despite how common mental illness continues to be met with widespread stigma. Workplaces can play an essential part in maintaining positive mental health. On a positive note, they can give people the opportunity to feel productive and contributing to a greater good. However, on the opposite spectrum, it can be a stressful environment that contributes to the rise of mental health problems and illnesses.
Mental illness is the public policy challenge of the 21st century. Each week in Canada, 500,000 employees are absent from work, and mental health claims are becoming both the largest and fastest-growing category of disability costs. The World Economic Forum estimated mental disorders as the largest cost driver at $2.56 trillion in global costs in 2010, with projected costs of $6 trillion by 2030.
The costs for mental disorders are greater than the costs of diabetes, respiratory disorders, and cancer combined.
A positive work environment is everyone’s responsibility – from the individual employees to the organization as a whole. They both have a responsibility to shift the culture to a mentally healthy workplace. It requires strategic planning and meaningful action and leadership. The only right way to start a change is to simply start.
Meet the Burnaby Board of Trade!
The Burnaby Board of Trade’s ‘Join in June’ Membership Competition came to a close on June 28th, with the announcement of the results of the month-long drive to welcome new members to the business association. Over the course of the campaign, 62 new members were welcomed to the Burnaby Board of Trade (BBOT) and as a result $9300 will be donated to four local Burnaby non-profit organizations.
Latest on Canada-U.S. Tariffs
Every month, we release 5 Minutes for Business. In this edition, our Director of International Affairs, Mark Agnew, takes stock of the latest Canada-U.S. tariffs and examines what could come next and how it could impact Canadian business.
On June 1—and in the absence of any cogent justification—Canadian steel was hit with a 25% tariff and aluminum with a 10% tariff. Unfortunately, these actions necessitated a proportionate response to attempt to encourage the U.S. administration to reverse these unwarranted tariffs on Canadian exports.
In Discussion: Death by 130,000 Cuts: Improving Canada’s Regulatory Competitiveness
Perrin Beatty, President & CEO of the Canadian Chamber of Commerce and Pierre Petelle, President & CEO of CropLife Canada discuss Canada’s regulatory competitiveness and opportunities in the plant sciences industry. Visit RegulateSmarter.ca for more information.
A Canadian Perspective on the Global Skills Crisis
By Xerxes Cooper
Digital technologies have fundamentally disrupted how work gets done. As technology has presented new ways of doing business, innovative strategies have contributed to a blurring of industry boundaries. These dramatic transformations have had a profound effect on the types of workforce skills demanded by many industries.
Sixty percent of the more than 12,500 C-suite executives interviewed by the IBM Institute for Business Value (IBV) for the new study "Incumbents Strike Back: Insights from the Global C-Suite Study" identified people skills as one of the most important external forces that will impact their enterprise in the next two to three years.
Provincial, Regional and Territorial Chambers Unite to Support the Government’s Actions on Tariffs and Trade
Yesterday, the Hon. Perrin Beatty, President and CEO of the Canadian Chamber, alongside the nine provincial, regional and territorial chamber presidents representing every region of the country, have united to publicly support the government’s efforts to defend Canadian interests in the face of unprecedented trade actions by the United States government.
In a letter sent to the Prime Minister, chamber of commerce representatives from across the country have stated that they stand with the Canadian government in its efforts to achieve a new North American Free Trade Agreement as well as to dismantle any trade barriers, despite the context of uncertainty created by the U.S. government’s actions.
5 Minutes for Business: State of the Economy
Every month, we release 5 Minutes for Business. In this edition, our Chief Economist, Trevin Stratton, Ph.D., examines Canada’s economic performance up to the mid-point of 2018 and considers what the latter half of the year might have in store for us. We examine such topics such as tariffs, trade talks, pipelines, and electoral change.
The good news is that the economic growth we’ve experienced seems like it’ll continue. The bad news is that the uncertainty in regards to certain economic issues is weighing on business investment. Canada’s economic performance in the first half of 2018 demonstrates that one of the few certainties in today’s economy is an enduring state of uncertainty.
Canadian B7 Committee Opposes Recent Protectionist Measures
Today, the Hon. Perrin Beatty, President and CEO of the Canadian Chamber and 2018 B7 Chair, as well as the Co-Chairs, Mme Monique F. Leroux and Mrs. Dawn Farrell, have sent this letter which opposes recent U.S. protectionist actions to Prime Minister Justin Trudeau this morning.
The B7 is the Summit of business federations from the G7 countries. This letter expresses the commitment that all of these business federations have taken to open and freer trade, as highlighted in the 2018 B7 Communiqué.
Click here to view the letter that was issued to Prime Minister Trudeau.
It Is Time to Regulate Smarter
Canada’s regulatory system is smothering business in Canada, thanks to a growing mix of complex, costly and overlapping rules from all levels of government. Our new report, Death by 130,000 Cuts: Improving Canada’s Regulatory Competitiveness, calls on governments to modernize their regulatory frameworks and give businesses in Canada room to thrive.