COVID-19 - POLICIES & FRAMEWORKS BY THE CANADIAN GOVT. – MBE BUSINESS MAGAZINE by MBE BUSINESS MAGAZINE

THIS MONTH FOCUSING ON Easter Symbolism Complimenting The Holidays

5 Reasons Why you Should Study your MBA in CANADA

Cancers Rising in Young Canadians Related to Obesity

Safety & Readiness Tips for you in Times of CORONAVIRUS

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MBE BUSINESS MAGAZINE JUNE / JULY 2020

Covid-19 in Canada:

Technology Eases Shopping Stress!

Optimism is Necessary in..

Trudeau Refuses to Repeat Pledge to Cut Tax-Dodging Companies

Covid-19 and Government’s

Crossword Puzzle

Worst Epidemics History

Become an industry trendsetter

AutoBiography

Horoscope

Abundance of Meat

Four Climate Issues Canada

POS TECHNOLOGY

Economic Inequality

CONTENTS Syed Mansoor Ali Naqvi

Syed Mahmood Naqvi

Syed Alamdar Hussain

Syed Mansoor Ali Naqvi

Stuart Himmel

MBE Digital Media Marketing

Stuart Himmel

Courtney Shea

Gemini - Cancer

MBE Digital Media Marketing

David Ralph

What’s Good Friday & its Purpose in Christianity?

Purchasing a Pre-Construction Home or Condo!

Coronavirus and what it for the Global ECONOMY?

EDITOR'S LETTER Dear readers, Welcome to the 56th edition of MBE Business Magazine for the issue of June and July 2020. Summer is already started amid novel Corona Virus pandemic. In this issue we have covered articles related to Covid-19 and staying positive & safe during this outbreak. Our president Mr. Mansoor Naqvi has provided insights to stay positive during our fight against Corona Virus. Rainy days bring opportunities, so we have shared the information how businesses can survive during Covid-19, How Canadian Government is supporting the economy by providing loans to SMEs. Mr. David Mackereth, President Canimac Mangament Services Limited provided his outlook on Economy. We have covered two main events Good Friday and Easter in the following issue. As always, we hope this issue will be an informative and entertaining experience for our readers and that it will live up to your expectations. Our team continues to work tirelessly to improve and refine our business magazine. 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. Printed by Vision Printers Contents ÂŠ Copyrights 2017 by MBE, may not be reprinted without written permission. Subscribe / Unsubscribe or Advertise by emailing us at mbe-marketing@mbeforyou.com

Optimism Is Necessary In Your Fight Against Corona Syed mANSOOR Naqvi

PRESIDENT MBE Covid-19, as we all know is the

however, this is the best time to come

especially, if you feel any symptoms

current crisis that the world is

out of such a situation.

of COVID-19. Please make sure that

undergoing and we are all facing

environment you are living in doesn’t

testing times. It’s my request to all

Money is not the answer to the

harm people around you. As part of

employees of MBE Inc. that are in

current situation, it’s about the

our CSR i.e. Corporate Social

Pakistan, Canada or United States,

survival, and therefore, we all must

responsibilities, we are giving

please stay united in this critical time

ensure that we stay like a team

awareness measurements with

and don’t panic as panic is not the

wherever we are. Appreciation for all

ground realities to all our customers.

answer. It is neither the solution to

our employees whether in Canada,

This is especially for those customers

what’s happening as it would only

Pakistan or USA is important to help

that are coming to our hotels i.e.

make things worse for us and for the

each other and motivate with

Senator and Algonquin Inn. We can

company. Stay positive and stay safe

optimism. Soon, by grace of Almighty

reduce tensions together, as humans

at home as we all know Corona has

we shall come out of this situation.

have different mental levels. As some

taken so many lives all over the

people in such a scenario can panic

world. I am truly blessed to be in a

WHY OPTIMISM IS NECESSARY:

and can get themselves and others

country i.e. Canada, which is highly

It’s not that optimism is important, it’s

into more stressful scenarios. Prefer

equipped to handle all kinds of

the only way we can handle a

staying home, as it is important in

extreme and disastrous situations.

situation like ‘COVID-19’. Please stay

current times, especially if you are

The world has been facing pandem-

alert if you are at home, or working

not feeling well or under stress.

ics since 100 years, maybe more,

by any chance, consult the doctor

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

As President of MBE Inc. I am highly aware of my roles and responsibilities. I believe that in such a scenario thinking positively is mandatory. Food is everyone’s requirement and we must have good and healthy diet to avoid stress. Please share your work load while working from home and respect each other without lying. What’s important is that employees have trust on each other, and what they are doing as a team. MBE Inc. is highly aware and silently observing all employees, as it’s our duty to provide protection whether it’s financially or emotionally. Govt. is introducing policies of change regards to the current crisis, this is all part of their positive gestures. As what’s important for Canadian Govt. is to get out of this situation rather than getting money from the people. A positive gesture always helps in getting out of extreme situations, i.e. situations we have not created for ourselves. EVERYDAY IS CRUCIAL IN YOUR FIGHT AGAINST ‘COVID-19’: Even if we are away from work, or working from home, what counts is our strategy and agendas every day. What can we give to our future leaders and ambassadors if we can’t fight the current pandemic named ‘COVID-19’? No army can fight the virus, but if we as human race are together we can always fight it out. Please give importance to each and everything. Wash your hands regularly, and create an environment of change. Our employees in Canada, Pakistan and USA, should all feel self-motivated to fight the current pandemic. Save the planet, save your country and save yourselves. APPRECIATION TO INVESTORS: I would like to give special appreciation to all my investors and merchants. Thanks for staying there and thanks for being there, as this is a situation we all are facing. I am pretty sure it’s just a timely scenario and once we are free from this, our relations will be stronger and we must have good working bonds with each other. What’s more important is the goodwill that we have invested in each other and created a bridge of trust.

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MBE BUSINESS MAGAZINE JUNE / JULY 2020

Covid-19 and Government’s Incentives on Small Businesses

SYED MAHMOOD NAQVI Vice President | MB Enterprises

The Govt. of Canada has been playing its role responsibly

Canada, as a country has shown a huge fighting spirit

since the start of the COVID-19 pandemic. This is also been

against ‘COVID-19’, as most economists agree on the same

evident to a huge extent in the financial sector and while

accord. They are specific and precise that it’s a great threat to

making things economically stable. A well planned strategy so

the Canadian economy especially affecting the real estate.

that businesses can recover themselves in the wake of the

The real estate sector has been most affected by the current

recent happenings regards to ‘COVID-19’. It’s not only a

pandemic and its effects are growing every day in terms of

national level threat, but it’s a global challenge that has

financial and investment losses.

affected many lives as well as the economy. However, scenarios can fluctuate and things can normalize Unemployment can be a major cause that needs to be dealt

but it highly depends on how quickly the world can be free

with, as there has been huge financial losses. The travelling

from coronavirus. Although, the pandemic is highly deadly

and tourism sector in Canada has also been affected to a

and dangerous in terms of loss of life. It has also been the

larger extent that in couple of decades.

cause of many financial losses in parallel.

JUSTIN TRUDEAU’S ANNOUNCEMENT:

THE MOST ELIGIBLE BUSINESSES:

Hence, the announcement was made on March 27, 2020 that

For the business to take full advantage of the current policy

banks and financial institutions shall be offering loans that will

developments it has to fulfill the eligibility requirements set by

be 1 year interest free based on the requirements of the

the Govt. of Canada.

businesses. In the same announcement Prime Minister, Justin Trudeau also said that the Govt. can waive off $10K if

As part of the eligibility, the business should be an operating

the businesses are unable to pay and can give proof of their

company that is based in Canada. It should have an annual

circumstances. This loan shall be beneficial for SME’s mainly

payroll i.e. between $50K and $1million to fall in the category

to pay off the operating costs that can’t be deferred due to

of small businesses. Hence, finally the application must be

‘COVID-19’. The interest of the employees in managing the

paid by your primary bank i.e. the one that the business uses

loans holds huge priorities for the Govt. & similarly Justin

for its everyday activities.

Trudeau. These priorities are regards to the job security and retention as govt. policies are strictly in favor of employees all

The eligibility is highly important making things easy for the

over the great country Canada. The recruitment and

most deserving candidates and companies. It definitely eases

retentions policies all over in Canada has seen many

things for the Govt. in the long run as the Govt. doesn’t want

changes and fluctuations. The main reason for this movement

to spend their resources on those who are not deserving.

is the level of risks that companies have than it was Pre

Business eligibility means, either the business shall be able to

Covid-19.

return the amount within the decided time or convert the loan into the convertible loan option. However, the chances to end

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

up being a loan defaulter are the least in the current policy

financial recovery through loans provided by Govt. The

framework.

company MBE accounting is providing its services of consultancy, paperwork and taxation matters, as well as rest of

A CONVERTIBLE LOAN IN 3 YEARS TIME:

other mandatory tasks needed for the loan application. It is

In case if the loan cannot be paid by the 31st Dec 2022 the

providing very useful information and helps in the processing

loan can be converted into a 3-year term loan i.e. with an

of loans through a diverse team of experts and accountants.

interest of 5%. This is another key benefit associated with the

The company is highly motivated for its clients once they are

loan that makes it a good recovery option for the SMEs. The

with MBE Accounting and has always proved in the past.

flexibility options associated with this loan is a huge advantage for the most affected businesses in the current financial

Hence, goodwill is what matters in the financial industry,

crisis.

where the trust factor is limited due to many reasons. Itâ&#x20AC;&#x2122;s the reputation in the financial industry after years and years that

LOAN AVAILABILITY AND MBE ACCOUNTINGâ&#x20AC;&#x2122;S ROLE:

counts most for clients.

The loan shall be available for public in the beginning of the 6th of April 2020. All the financial institutions and the Banks shall not accept any applications until that time. Its availability amid coronavirus makes it one of the most featured options for business sustainability and recovery. MBE Accounting is playing a huge part in this regards i.e. the

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MBE BUSINESS MAGAZINE JUNE / JULY 2020

A History of the Worst Epidemics and Pandemics An Overview of the Most Recent

SYED ALAMDAR HUSSAIN Country Head - MB Enterprises

This world has witnessed many plagues, epidemics and

Hence, the most recent of the pandemics are discussed

pandemics, also in recent past, the industrial revolution age,

below with key facts;

during World Wars and the medieval ages. These pandemics include swine-flu, AIDS pandemic, E-bola, Zika Virus, the

1. ZIKA VIRUS EPIDEMIC: 2015- PRESENT DAY

Russian, Spanish and French pandemics and the current one

Zika Virus is a current day pandemic in the region of Central

i.e. ‘COVID-19’.

America and South America

The origination of these different pandemics and epidemics

It spreads through the mosquitoes of the Aedes genus,

has been from many different regions like the AIDS or HIV is

however, the virus can also be transmitted sexually in

a deadly pandemic that originated from West Africa. It’s

humans. Zika virus might not be harmful to the adults and

important in the current times to have a know-how and history

children. But, it can attack infants’ i.e. new born and infants

of these pandemics that took many lives and has been linked

who are still in the womb causing complexities during child

with huge devastations globally. These pandemics and

birth.

epidemics also has a huge significance in medical history with relations to research & development for scientists of the

The mosquito type that caries Zika virus can flourish and

modern ages.

survive in warm weather and humidity. That’s why it flourishes in South America, Central America, & parts of United States.

Medical science is now far more equipped with technology and can identify how we can get ourselves safe from a

2. E-BOLA EPIDEMIC - 2014 – 2016

pandemic’s threat. ‘Covid-19’, the medical name of coronavi-

E-bola, the most recent epidemic that started in West Africa

rus has already taken over one hundred thousand lives all

in 2014 has been the cause of many deaths i.e. approximate-

over the world and is a cause of lockdowns in many

ly twelve thousand and thirty thousand reported cases in the

countries.

world. Just like AIDS this epidemic also originated from

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

Africa. The disease was quick in its spreading as it started

flu that started during the World War I, was named Spanish

from Liberia and Sierra Leone.

flu.

According to scientists the virus may have originated in bats

However, there were other countries that were also involved

and still has no cure.

and highly impacted from the flu but its name ended up being the Spanish flu. One fifth of the population that were victims

3. SWINE FLU PANDEMIC- H1N1- 2009-2010

of the flu died.

Swine Flu pandemic has been more fatal in terms of death as compared to the current pandemic COVID-19. It originated in

7. AMERICAN POLIO EPIDEMIC: 1916

2009 from Mexico as it spread in the rest of the world.

Started from New York City in the USA and was not such a

According to the stats, the virus killed almost five hundred

devastation but still caused six-thousand deaths and approx.

thousand people all over the world and is reportedly one of

twenty-seven thousand cases reported. The Polio epidemic

the most dangerous pandemics in history.

was mainly in children and was a cause of disabilities.

The pandemic caused more deaths in young people i.e.

8. FLU PANDEMIC: 1889-1890

children and young adults. 80% of the deaths that occurred

Started from Russia from Saint Petersburg and made its way

were people younger than sixty-five years old

to Europe and the rest of the world. This happened despite air travel didn’t existed as yet. It was in just a week’s time during

4. AIDS PANDEMIC AND EPIDEMIC: 1981- PRESENT DAY

the industrial revolution that the flu spread and killed one

People all over the world are still most scared with AIDS

million people, most mortalities in Europe.

known medically as HIV and it originated from Africa. One of the most deadly since it was identified, has taken approxi-

9. RUSSIAN PLAGUE – 1770 – 1772

mately thirty-five million lives all over the world. The disease

Another disease that originated from Russia in 1770 and

likely developed from a chimpanzee virus from West Africa in

started exactly from the current capital Moscow. By the time

the 1920s.

the plague came to an end it proved devastating in two years and took hundred-thousand lives nearly the count of pandem-

7.259 in

5. ASIAN FLU: 1957 – 1958

ic COVID-19. The empress of Russia, Catherine II, ordered

Another deadly flu known as Asian flu pandemic was a cause

fast restoration and in desperation she ordered the movement

of many deaths globally. The roots were in China and claimed

of all the factories from Moscow.

1 million lives. The first case was reported in Singapore in 1957 and then in Hong Kong same year and similarly in USA

10. THE GREAT PLAGUE OF MARSEILLES- 1720-1723:

later in year 1957. The total toll went up to one million all over

This plague originated from Marseilles, France and is known

the globe and USA alone reported over hundred-thousand

as the Great plague of Marseilles. Started from a ship that

deaths.

quarantined and docked in Marseilles and was a cargo

6. SPANISH FLU: 1918-1920

vehicle. The plague got into the city through infected rodents

There was an estimated five-hundred million people from the

and spread quickly killing hundred-thousand people in

South Seas to the North Pole that fell victims of the flu. The

Marseilles.

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MBE BUSINESS MAGAZINE JUNE / JULY 2020

SYED MANSOOR ALI NAQVI

AUTOBIOGRAPHY â&#x20AC;&#x153;As a mentor a person gets paramount importance from their followers, but success comes from true following & demonstration of work- MENTOR â&#x20AC;&#x201C;CHAPTER 11â&#x20AC;? The Autobiography of Mr. Syed Mansoor Naqvi, The man who made it possible just with a vision and a dream in his eyes.

â&#x20AC;&#x153;A Successful Canadian Entrepreneurâ&#x20AC;?

Abundance of Meat with nowhere to go! STUART HIMMEL

Staff Writer

While we are sequestered at home

or who can refer you. The suppliers

thinking the world will never be the

that did 100% food service now have

same and we have to stock up on

to build a whole new network.

paper products because there will be a shortage, certain food products are

Before the closure of restaurants,

feeling the pinch as well but not for

wholesaler The Butcher Shoppe,

the reasons you may think. Signs

shipped tens of thousands of pounds

are popping up at our local supermar-

of meat a day to about 2000 different

kets limiting the purchase of meat

retailers inclusive of restaurants,

products which makes shoppers

casinos, schools and hotels. Now

think there is a meat shortage.

they have fresh inventory with

Not true at all!

nowhere to sell it. They either have to try to sell it or put it in the freezer to

The province of Ontario has plenty of

avoid throwing it out. Although there

meat. A lot of that was intended for

has been a spike in business

the restaurant industry. With

recently, the increase is not enough

COVID-19, many restaurants have

to offset the amount of inventory that

been forced to shut their doors and

they currently have.

either close temporarily or ramp up their take out efforts in order to just

When you look at the food service

pay the bills. With the influx of meat,

industry, a good percentage of meat

suppliers just have to figure out a

and vegetables packaged for

way to get it into the hands of the

restaurants aren’t meant for home

supermarkets and in turn, to the

consumers because they don’t have

homes of hungry families.

the money to buy 100 lbs of brisket

retailers to repackage the product into smaller

or the freezer space for it. Darryl

portions for the consumer. It’s not something

Franco Naccarato, executive director

Koster of Buster Rhino’s in Whitby,

you can instantly adapt to but the industry is

of Meat and Poultry Ontario, states

sells prepared barbecue meats and

in a crisis and Sysco wants to step up to

that “our food system can produce a

pork rinds on a wholesale and retail

supply the food system to help our customers

lot of food but can’t change quickly.

level. His chicken supplier has been

continue to feed their communities.

Many restaurants and food service

selling chicken wings $2.50/kg less

suppliers have lots of fresh product

than usual since bars and restau-

Innovation is the name of the game and

but don’t know how to get it into the

rants have closed which has resulted

suppliers, more than ever, have to innovate

retail market”. He compared it to

in an excess of wings. Sysco

during this most difficult time. Until a sense of

being told to stop talking to your

Canada who is a service provider for

normalcy returns to the world, meat suppliers

friends and everyone else in your

restaurants, arenas, hospitals and

will have to find a way to get their abundance

network and making a whole new set

schools stated that they have started

of inventory into the consumer’s hands

of friends in a day. Its two different

to ship to retailers who are running

instead of those of the restaurant and food

worlds. You don’t know who to talk to

low on meat. They say it’s up to the

service providers.

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

MBE

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POS TECHNOLOGY

and the Importance of Contactless Payments DMM DEPARTMENT MB Enterprises

Modern POS systems have a distinct functionality known as contactless POS technology. ‘Contactless’ or having no physical contact as the word clearly describes is a necessity of the modern shopping environment. This is highly critical as we are experiencing the drastic circumstances due to COVID-19 and social distancing is the order of most developed countries. POS systems have been introduced in most modern countries in this digital age. It’s a growing reality that signifies the importance of time, safety, and above all having least physical contact. Having minimum or least possible contact is the necessity of the modern shopping environments. According to many experts, it’s just not about maintaining a social distance. What’s most important is that your physical contact doesn’t bother you or someone close to you. HOW IT WORKS: As we are in the age of plastic money and most transactions are either done online on instore using the cards i.e. Debit cards or Credit Cards. This works very effectively for the benefit of both the customer and customer service. Once you are paying your bill, you just have to bring your card close to the ‘WIFI’ symbol on the POS device, and your payment gets processed. Hence, saving time and also making things safe for the environment.

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

CLOVER FLEX

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Just for the goodness of customers. TEL: 1-866-667-1377 | COVID-19@RMACANADA.COM WWW.MBEFORYOU.COM

Economic Inequality Revealed Through Quotes and Numbers

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

DAVID RALPH MACKERETH dmackereth@canimac.com

“Such a mosaic image of numerous data and quotations in

level.” Freeman J. Dyson, The Face of Gaia (1990)

evidence offers the only practical means of revealing casual operations in history.” Marshal McLuhan, the Gutenberg

“The first man who, having enclosed a piece of ground,

galaxy (1962)

bethought himself of saying ‘This is mine’, and found people simple enough to believe him, was the real founder of civil

“So I will not apologize for going both to the sages of the past

society.” Jean-Jacques Rousseau, Discourse on Inequality

and to our contemporary philosophers to find language,

(1755)

contexts, and ideas to frame my search for new principles in physics.” Lee Smolin, Einstein’s Unfinished Revolution (2019)

“The world is a dangerous place to live; not because of the people who are evil, but because of the people who don’t do

IT’S NOT THAT COMPLICATED

anything about it.” Albert Einstein (1879 – 1955)

We now live in a McLuhanesque Village, but this connectivity may be the only way to avoid the ‘Sixth Extinction’. The

“It is, in fact, far easier to act under conditions of tyranny than

Village is made up of 2.2 Billion children and 5.6 Billion

it is to think.” Hannah Arendt (1906 – 1975)

adults, out of which the 1% make up 56 Million. The remaining 5.544 Billion adults must work collectively on Our Home

“The idea of freedom is authentically, if not exclusively,

Planet – to make the One Person, One Vote as meaningful as

human. Outside the human universe it is unknown and

possible. This time we will explore Economic Inequality

inconceivable.” Milovan Djilas, Toward an Imperfect World

through quotes from the great thinkers of the past and

(1990)

present, along with an explicit look at some simple charts. “The more I am attached to things the more I myself become “There never was a sounder logical maxim of scientific

a thing and thus diminish my existing.” Stephen Spender,

procedure than Ockham’s razor. That is to say; before you try

What I Believe (1990)

a complicated hypothesis, you should make quite sure that no simplification of it will explain the facts equally well.” Charles

“To be ignorant of what occurred before you were born is to

Sanders Peirce (1839 – 1914)

remain always a child.” Cicero (106 BCE – 43 BCE)

“Out of the crooked timber of humanity no straight thing can

“You resemble the thought which you conceive.” Johann

ever be made.” Immanuel Kant (1724 – 1804)

Wolfgang von Goethe (1749 – 1832)

“Over himself, over his own body and mind, the individual is

“The human mind likes a strange idea as little as the body

sovereign.” John Stuart Mill (1806 – 1873)

likes a strange protein and resists it with a similar energy.” William Ian Beardmore Beveridge (1908-2006)

“Without greed, we would not have survived at the individual

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

WORLD POVERTY Percentage of Popula�ons Living Within the Following Daily Incomes

Australia Bangladesh (i) Canada France Guinea (ii) Hai� (iii) Nigeria (iv) South Korea

Population (3) 25,400,000 164,200,000 37,400,000 65,200,000 13,000,000 11,400,000 204,500,000 51,300,000

US $ 5.50 1.2 84.5 1.0 0.2 92.3 78.9 92.1 1.2

US $ 3.20 1.0 52.9 0.5 0.2 70.3 50.8 77.6 0.5

US $ 1.90 0.7 14.8 0.5 0.0 35.3 25.0 53.5 0.2

“Staring at the screen so we don’t see the planet die.” Kate

treating poorer countries, in the same way that the 1% treats

Tempest, Tunnel Vision (2016)

‘The 99%’. In very simple words, Mahatma Gandhi warns all humans in his 1926 ‘Non-Violence – The General Force’: “But

“[…] language matters: let us no longer use the word ‘gun’ but

the economic war is no better than an armed conflict.” Other

the phrase ‘highly dangerous killing instrument’, and perhaps

voices echo this modern war variant and suggest that any

perceptions will change.” A. C. Grayling (2015) (1)

change will be slow.

WORLD POVERTY

“The weak are always anxious for justice and equality. The

Percentage of Populations Living Within the Following Daily

strong pay no heed.” Aristotle (384 BCE – 322 BCE)

Incomes: (2) “The weak can never forgive. Forgiveness is the attribute of (i) Second only to China in manufacturing ready-made

the strong.” Mahatma Gandhi (1869 – 1948)

garments. (ii) 50 % of known bauxite reserves – also, has gold and

“When the accumulation of wealth is no longer of high social

diamonds.

importance, there will be great changes in the code of

(iii) Operates under a special relationship with the United

morals.” John Maynard Keynes (1883 – 1946)

States. (iv) Largest oil reserves in Africa and 11th in the world.

“About the only thing now universal about human rights is the irritation they prompt in governments.” A. C. Grayling (2015)

The data shows that up to 90% of citizens in the Developing Countries live within US $ 5.50 per day. But it is a mistake to

(1) The Challenge of Things: Thinking Through Trouble Times,

conclude that countries are poor because they lack resources

by A. C. Grayling (2015)

and special relationships. This is a systemic dilemma, and

(2) List of Countries by Percentage of Population Living in

brings to mind our previous discussion of individual wealth!

Poverty, at www.wikipedia.org

From a global perspective, the richest countries themselves

(3) www.worldmeters.info

are like the wealthy and powerful 1% of the population,

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

JUNE - JULY

EVENT 2020 CALENDAR JUN 21

SUNDAY

Father's Day in Canada Many Canadians observe Father’s Day on the third Sunday of June. It is a day for people to show their appreciation for fathers and father figures. Father figures may include stepfathers, fathers-in-law, guardians (eg. foster parents), and family friends.

JUN 21

SUNDAY

National Indigenous Peoples Day in Canada

JUN 22

MONDAY

Discovery Day in Canada

JUN 24

WEDNESDAY

St. Jean Baptiste Day in Canada

JUL 01

WEDNESDAY

Canada Day in Canada

JUL 01

WEDNESDAY

Memorial Day in Canada

Canada’s National Indigenous Peoples Day, formerly called National Aboriginal Day, is annually held on June 21 to celebrate the unique heritage, diverse cultures, and outstanding achievements of the nation’s Aboriginal peoples. There are three Aboriginal groups in Canada – the First Nations, Inuit, and Métis peoples.

Discovery Day is celebrated in the province of Newfoundland and Labrador on the nearest Monday to June 24. It is also known as Cabot 500 Day and remembers Giovanni Caboto’s (also known as John Cabot) discovery of the province’s island portion. This day is not to be confused with Yukon’s Discovery Day, which is also known as Klondike Gold Discovery Day.

Saint Jean Baptiste Day, held annually on June 24, is the feast day of St John the Baptist, a Jewish preacher who baptized Jesus in the River Jordan. It is a day of celebration in Quebec and other areas of French Canada. Saint Jean Baptiste Day is also known as "la Saint-Jean", "St John the Baptist Day", "Fête nationale du Québec" and "Quebec's National Holiday".

On July 1, 1867, Canada became a self-governing dominion of Great Britain and a federation of four provinces: Nova Scotia; New Brunswick; Ontario; and Quebec. The anniversary of this date was called Dominion Day until 1982. Since 1983, July 1 has been officially known as Canada Day.

Memorial Day is observed together with Canada Day in the Canadian province of Newfoundland and Labrador on July 1 each year. Memorial Day commemorates the brave efforts of the province’s veterans, particularly those who participated in World War I.

JUL 13

MONDAY

Orangemen's Day in Canada Orangemen's Day commemorates the Battle of the Boyne, which took place in 1690 outside Drogheda, now in the Republic of Ireland. It is a provincial holiday in Newfoundland and Labrador on the Monday closest to July 12.

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

JUL 30

THURSDAY

Tisha B'Av in Canada

JUL 31

FRIDAY

Eid ul Adha in Canada

Many Jewish Canadians observe Tisha B’Av, which is the ninth day of the month of Av in the Jewish calendar. It is a day to remember various events such as the destruction of the First Temple and Second Temple in Jerusalem. When Tisha B’Av falls on Shabbat (Saturday), it is moved to Sunday, 10th of Av.

Eid al-Adha is a significant annual Islamic observance for many Muslims in Canada. It is also known as the Feast of Sacrifice or Festival of Sacrifice as it commemorates Ibrahim’s (Abraham) willingness to sacrifice his son to God.

CROSSWORD PUZZLE SOLUTION

MONTH APR - MAY

S R O W E

W A S A T

A W A G Z E T E B U E M E A W W W. M B E F O RYOU. C O M

F C O A U J R M U H A N B S G E A L T S A R O S A C N A M G S Y E E R S Y A

A L E P H S

R I A T A

I K N O W

C R I M E

I P O

E X U D E S I S A

A T E U P

B E N E Y K E E L V I I D N I N M I P G E E D R E

F A C E

A I R A R E M C G E N N T A R P Y L E S

S M A S H E R O O

R S A T I N O S N T E Y N D

T T O P S

I O W A S

N E E D S

MBE BUSINESS MAGAZINE JUNE / JULY 2020

Purchasing a Pre-Construction Home or Condo! SYED HASSAN Royal Le-Page, Royal Brokers

As we all know that purchasing a

exposure, builder, upgrades, colors,

houses and to get upgrades it can

property is one of the most important

appliances, kitchen cabinets, flooring,

cost easily from $25,000 to $50,000.

decisions in one’s life. In a property

carpets, electrical, plumbing, lighting

Like Kitchen, hardwood, appliances,

purchase we always have two options

fixtures and so many other things.

granite countertops, paint, Ceiling

either Resale or New/Pre-construc-

• Time to get your things in order for

heights, stone, brick, Tiles, fireplace,

tion property.

arranging finance, moving and other

lighting fixtures, CAC, CVAC etc. This

related matters.

majority portion of this amount has to

• Know what you are getting.

be paid up front.

Today I will try to pass on my experience & advise to you, on a

• Closing cost can be a major factor.

Pre-construction purchase of

DISADVANTAGES

As number of hidden and fine print

home/condo.

• New construction sites remain

charges appear at the time of closing,

under construction or some sort of

under the name of Development

There are Advantages and Disadvan-

work for at least 2 years, after you

charges and levies. This can easily

tages attached to a Pre-construction

move in. So have to face noise,

range from $25,000 to $40,000.

Purchase. Let’s go in details:

unpaved roads, workers, visits and

• Sometimes at the time of closing a

revisits from labor etc.

client can experience, difference in

ADVANTAGES

• Generally new home sites are far

Bank appraisal and actual price. This

• A brand new never lived in place.

from established neighborhoods like:

results in clients paying a reasonable

• No maintenance issues for next

schools, shopping and amenities.

amount of difference from their

couple of years

• Huge Deposits are required which

pockets. It can happen due to so

• Under Tarion Warranty

ranges easily to 20% of purchase

many factors, but very common is

• Location of your selection

price before closing.

real estate market swings up or down

• Options to select: Size, layout,

• Generally Builders offer standard

between booking and closing timing.

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

• Basement is unfinished, Backyard is not ready, no fencing, Driveway is not paved etc. for some time, since client moves in. • One of the most important factors is, if the client is selling existing property to purchase a new one, and relying on money from existing house. The client can experience problems and pressure due to any change in Real estate market. Like not selling quickly or at a projected price, the client has made the decision to buy new one. KEY POINTS TO LOOK BEFORE YOU FINALIZE A PRE-CONSTRUCTION HOUSE/CONDO • Location: Existing Challenges and Future projection of the location • Builder: Reputation, maturity and experience of the builder. Otherwise a lot of problems and surprises can be faced later on. • Upgrades Cost: Evaluate how much you have to spend from your pocket. As most of the times upgrades are not added to purchase price • Closing costs: One of the biggest factors, specially development charges, and different levies, clients have to pay at the time of closing. Capping it is a good idea. • Assignment clause in the agreement: This clause gives you flexibility to use other names or sell the property before closing. • Review the agreement from the lawyer. • Lease during occupancy: For the Condo it’s a important clause to be in agreement, so that client can lease the property during occupancy period. • To get some Décor dollars from builder: it helps to avoid extra burden in getting some upgrades. • Tarion closing Dates; Knowing the options builder have to extend closing dates, so that client can plan accordingly. PROFESSIONAL AND EDUCATIONAL BACKGROUND B.Sc. Electrical Engineer, Real Estate Broker, Financial Advisor, IQCS Certified Lead Auditor & Consultant for ISO Management and Environmental Standards, Certified Total Quality Manager. PROFESSIONAL EXPERIENCE AND AFFILIATIONS MB Group of companies, Royal Le-Page Exceptional, Royal Brokers, American Express Bank of Canada, Budget Rent a Car, Moody’s, SGS, PIQC.

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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Covid-19 in Canada: This is How Each Province is Handling the Pandemic

DMM DEPARTMENT MB Enterprises

COVID-19 in Canada has affected all provinces and territo-

es that are not essential including physiotherapy, and

ries to a certain extent including the capital Ottawa. The

dentistry clinics as well as facilities including gym, arenas,

provincial Govt. has taken measures in terms of announce-

museums, galleries, libraries, and casinos are ordered to be

ments of incentive programs and subsidies for stability. It’s the

closed.

role of the Provincial Govt. to bring stability to the huge country distributed in ten provinces.

The state of the public health emergency in Alberta was extended until June 15th.

OTTAWA- THE FEDERAL CAPITAL: It’s the Capital city of the country and being the Federal

BRITISH COLUMBIA:

capital, steps taken are more concrete & robust. This is

In the province BC, just after declaration of Public Health

evident as each level of the government takes a variable

Emergency the Govt. declared a state of emergency. This has

approach in containing the spread of the pandemic.

happened after 2017 wildfire where a state of emergency was declared. This emergency gives the Govt. powers to restrict

The federal Govt. has been injecting funds like seeds for the

travel, access land and assets and price controlling of food,

sake of national needs and prosperity of Canada. These are

fuel and clothing. The social distancing rules are a mandatory

into Health Care research, medical supplies and the economy

application, bars, clubs and restaurants have been ordered to

of the country. Apart from this there has been restrictions

close in case of disrespect to law.

imposed on international and domestic travel by Prime Minister Justin Trudeau. Following a humble request from the

Hence, British Columbia Govt. has extended the state of

Prime Minister to stay home in isolation and maintain strict

emergency until 29th April.

social distancing measures. However, Prime Minister hasn’t declared a state of national emergency in Canada.

MANITOBA: State of emergency was declared on 20th March in the

Since 15th April, each province is taking their own measures,

province Manitoba announced by the Premier Brian Pallister.

key announcements with respect to financial aids and

He said further that this shall help the Govt. of Manitoba react

combined efforts with the federal GOVT. All the provinces

considerably fast in imposing supportive measures due to

have issued Public health emergencies and similar warnings

COVID-19.

have been issued at the municipal level as well. Following are the ‘Top Eight’ Canadian provinces;

Similar to Alberta, non-essential business services and facilities are closed with fines up to $50K or a 6 months jail

ALBERTA:

sentence for an individual. A $500,000 for the businesses

On the 17th of March the Govt. of Alberta declared a state of

violating the guidelines imposed by provincial Govt. The laws

public health emergency within the province. Hence, also

of isolation from travel are same for domestic and internation-

imposing a ban and a fine on mass gathering of more than

al travel country-wide.

fifteen people. NEW BRUNSWICK: A huge step for the social distancing measures in Alberta

State of emergency was declared on 19th March in New

province reducing people to fifteen only. All kind of business-

Brunswick. Hence, the first orders issued were for Retail

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

services to close except essential services only. The gather-

Hence, in case of breaking the rules, the fines applicable are

ings were restricted to ten people only and travel restrictions

$1,000 for individuals. The state of public health emergency

were imposed on domestic and international.

has been renewed until 4th May.

Strict penalties on the violation of laws of social distancing.

NOVA SCOTIA:

The state of emergency has been extended until 30th April.

Premier of Nova Scotia, Stephen McNeil announced the state

The self-isolation post travel period is the same i.e. fourteen

of emergency on 22nd March in a press conference. Similar

days as in other provinces.

implications as in other provinces regards to social distancing & closure of non-essential businesses. However, with

ONTARIO:

exceptions of some shopping malls only with people’s

The province of Ontario declared a state of emergency due to

guidelines of social distancing orders. The domestic and

COVID-19 on 17th March. Ordered by Ontario Premier Doug

international travel bans are similar i.e. fourteen days of

Ford, the closure of all non-essential businesses for fourteen

isolation.

days and closure of public facilities. A ban was imposed in Ontario on public events of not more than fifty and social

However, strict applications of fines for $1,000 on social

gatherings limitations for five people. All the recreational

distancing and $7,500 for small businesses. The extension of

areas including fields, grounds and beaches are closed and

state of emergency was until April 19th.

the emergency period is extended till 12th of May. NEW FOUNDLAND & LABRADOR: QUEBEC:

The declaration came on 18th of March. Most likely, only the

Happened for the first time in history that the govt. imposed a

essential services including the grocery stores and pharma-

Public health emergency similar to other provincial Govt.’s. An

cies were asked to keep their doors open. Hence, apart from

important step by the Premier Francois Legault’s administra-

them the rest of all non-essential businesses were closed.

tion in the interest of the residents. A closure of all non-essen-

Same rules applied for travelling as in other provinces and the

tial businesses until April 13th including social gatherings.

state of emergency was extended until April 30th.

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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Technology Eases Shopping Stress! STUART HIMMEL Staff Writer

A trip to the supermarket has now

Who needs that? Certainly not me!

Jennifer Rose of Brampton said in a

become a source of frustration and

Now, Walmart Canada has launched

face book post Sunday "I just tried it

an anxiety inducing experience for

a traffic monitoring app. Metro is

and it actually works".

shoppers. What used to be an in and

offering new pick up and delivery

out, pick up a couple of items during

services and third party on line

The wait time map covers all of the

shopping trip, is a thing of the past.

services now allow those who dread

GTA, thou data may not always

long lineups to find up to the minute

immediately available for every store.

data on local wait times.

Lombardi said it is still an estimation

Imagine hopping in your car and going to your friendly neighborhood

and is a self funded project. Lombardi

grocery store and entering the

Miki Lombardi, a Florence based

is still trying to add new features and

parking lot and seeing a line around

developer, uses the geolocation of a

manage the traffic on his limited

the corner at least 100 deep waiting,

device to pinpoint supermarkets,

servers.

just like yourself to enter the store.

pharmacies, clinics and other locations with estimated wait times.

If that's not bad enough, once you

Another mapping service, a crowd sourced website for GTA store lineup

are in and ready to check out, you

Relying on data from Google Maps,

wait times was originally created to

have to wait single file in line for the

the free service colour codes points

track Costco store lineups in York

next available cashier. That line alone

on the map to indicate wait times of

region, has exploded virally to be

could be winding its way to the back

5-60 minutes. Users can search by

Canada wide with the site indicating

of the store.

city, address or name. If a certain

that the heavy traffic load is now

What you were hoping was a 10

store is marked in green, that means

switched over to a higher capacity

minute trip as now turned into a

that the wait time is only 5 minutes.

server.

30-60 minute shopping trip.

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

Walmart Canada said it has an app that allows it to monitor traffic moving in and out of the store based on specific capacity requirements. They have introduced QR (Quick Response) codes outside some stores where customers can scan their phones and then watch videos about the safety measures they have implemented. Anthony Longo, CEO of grocery chain Longo's. said the company is open to working with partners on mapping wait times and currently is focusing on how they can improve the experience inside the store managing lineups and wait times. Grocery chains are ramping up curbside pickups and delivery, encouraging customers to limit visits and most are taking a localized approach to support front line health workers. Some have opened an hour earlier than their scheduled time for the first responders and health workers to do their shopping before the regular customer is allowed to shop. Mike Von Massow, chair in food system leadership at the University of Guelph's agricultural department, said there are further steps businesses should take to manage wait times. Stores can take reservations for specific times with customers booking a time and getting to the front of the line. They would still have lines for walk ups but you could book a time and know you were going to get in. It may also help spread out customers as late bookers would get off peak times. He also suggested grocers use "fast passes" similar to those used at theme parks that allow customers to show up at the door and then get a time to come back so they don't have to wait in line. This would facilitate distancing and let people leave if the line is really long and come back at their assigned time. Crazy times indeed, so lets make the shopping experience as pleasant and safe as possible with the least amount of wait time.

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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Trudeau Refuses to Repeat Pledge to Cut Tax-Dodging Companies From COVID-19 Aid www.huffingtonpost.ca Some MPs want a crackdown to help

Leader Yves-François Blanchet asked

With $155 billion already approved

pay for new programs.

the government for assurances that

for the Canada Emergency Response

companies that do not pay their fair

Benefit and Canada Emergency

Prime Minister Justin Trudeau

share of taxes will be identified and

Wage Subsidy, the opposition urged

sidestepped questions Wednesday

deemed ineligible for emergency

the government to crack down on

on whether companies with offshore

support programs.

companies that avoid taxes, some by

bank accounts will be eligible for

using offshore tax havens, urging the

emergency COVID-19 aid after

“Companies who do practice tax

government to make tax dodgers

previously telling MPs they won’t be.

avoidance will face consequences in

ineligible for financial aid.

our system,” Trudeau responded in Trudeau was pressed by MPs during

French. “That will continue to be the

NDP Leader Jagmeet Singh picked

the House of Commons’ special

case even when it’s not a pandemic.”

up on the Bloc leader’s line of

committee on the COVID-19 pandem-

questioning, using Loblaw Compa-

ic after he said Tuesday that the

MPs also gathered in the chamber to

nies Ltd. as an example of a business

government will help those who need

debate the Liberal government’s third

that uses international tax system

it, “but those who avoid taxes or

piece of emergency legislation to

loopholes to avoid paying more

evade taxes will not receive help.”

approve $9 billion in funding for

Canadian taxes.

financial relief for students amid the During Wednesday’s in-person sitting of the committee, Bloc Québécois

MBE BUSINESS MAGAZINE JUNE / JULY 2020

novel coronavirus pandemic.

The company is Canada’s largest food and drug retailer. It was the

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

subject of scrutiny last year after the federal government pledged $12 million to upgrade its refrigeration systems to higher efficiency models — after the company posted a $754 million profit. Recently, the Federal Court of Appeal overturned a 2018 tax court case that ordered Loblaw Companies Ltd. to pay $368 million in taxes. The federal government has been ordered to pay the company $1.8 million to cover legal costs related to the case. Trudeau responded by chiding the NDP leader for suggesting that grocery store workers in Loblaw stores should be punished “because of behaviour of what their head office has done.” Singh responded later, saying it’s “unreal that this government thinks it’s OK to allow a company like Loblaws to use offshore tax havens.” The NDP leader said the problem is that the rules that allow companies evade taxes are legal, and the government isn’t doing enough to close loopholes. “That’s a choice. That’s a decision this government is making,” Singh said. He explained that one way of recouping this lost taxation is asking companies registered in offshore tax havens to remove their money from that jurisdiction and move it home if they want emergency aid. Some European countries, such as Denmark, France, and Poland, have declared that companies registered in offshore tax havens will not be eligible for government assistance during the coronavirus pandemic. A 2019 analysis by the parliamentary budget officer suggested the Canada Revenue Agency missed $25 billion in lost corporate income tax revenue because of offshore tax haven loopholes. When the subject was posed to the prime minister last week, Trudeau said that the government has its priorities set on helping workers “and not the company.”

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

CROSSWORD PUZZLE

BUYER BEWARE! ACROSS 1 High-fives 6 Stage hog 9 Cashless deal 13 Ghost 14 Plastic____Band 15 Heavenly headgear 16 They may have grounds to soothe (2 wds.) 18 Ltr. info 19 Hawaiian strings 20 "Me? Never better!" (3 wds.) 22 Sandra of "Gidget" 23 The "A" in CIA 24 BPOE member 25 lditarod terminus 27 Down Under bird 28 Puts on the canvas: Abbr. 31 Western evergreen tree (2 wds.), 33 Bikini atoll, once (2 wds.) 35 Granddaddy of all computers 36 "Zero Dark Thirty" setting: Abbr. 37 Andre's aunt 38 Writers' aliases (2 wds.) 40 Purchased apartments 41 Web site address ending 42 Secret rival 43 It's a feature of Renton and Redmond, but not of Poulsbo (2 wds.) 44 Kind 45 Grand Ole___ 47 Terrif 50 Sharpeners'tar gets, often (2 wds.) 54 Prefix with dynamic 55 Mata ___ 56 They may be found in a sales contract's small print ... or in 16-, 20-, and 50-Across, and in 2- and 28-Down? 58 Tel _, Israel 59 Kind of card 60 Colorful fish 61 Wall Street Journal subj. 62 Asian capital? 63 Persuades DOWN 1 Bicycle wheel part 2 Fatal (2 wds.),

3 Pound sounds 4 Epitome of easiness 5 Rod of "The Pawnbroker" 6 Malarkey relative 7 Big and small blind cousin 8 Followers of lslam 9 Poolroom predator 10 1973 Supreme Court decision name 11 Hawkeye player on "M*A*S*H" 12 Left at sea 13 Gulf war missile 17 Rank just below cpl.

23 25

21 Deadly sin committed with kitchen utensils 23 Friendly 26 Blink__eye (Quickly) (2 wds.) 27 Rodent reaction 28 A tad spooky (3 wds.) 29 Director Preminger 30 Matches a bet or raise 31 Tow job 32 Part of DOE 33 Profs' helpers 34 All there 36 Signature piece? 39 " __ while the sun shines" (2 wds.) 40 Bygone waist management

devices 44 Seattle-Tacoma link 45 Humorous poet Nash 46 ___Xing 48 Zones 49 Royko's best-seller about Chicago's Mayor Richard J. Daley 50 "Star Trek II: The Wrath of ____" 51 Adminral's outfit? 52 Folk singer Dement 53 They're spotted in casinos 54 Mennen shaving brand 57 Word before fangled or frontier

See previous issue answers on page # 21

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

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Become an industry trendsetter COURTNEY SHEA Take a stroll in any of the country’s

an intensely crowded coffee market,

industry’s most significant trends of

buzziest neighbor-hoods, and it’s

Wilkin decided to turn innovation into

late, when a months-long exploration

likely that premium coffee shops will

a literal full-time job, and it’s just one

of brewing temperatures became the

outnumber any other type of establish-

of the ways that Pilot Roasters and

basis for Pilot’s nitro cold brew

ment. No longer simply content with

their peers onto the market of

product. “That wasn’t what I set out to

the classic double-double, Canadian

Canada’s Fastest Growing Compa-

do” Johnson says of the period of

coffee connoisseurs are the new wine

nies cultivate and brand their

fruitful experimentation.

snobs, a highly invested and knowl-

expertise in new and (yes) trendy

edgeable consumer pool that wants

ways.

to be not just plugged in, but ahead of

Last year Pilot introduced cold brew in a can. “One of the big trends we’re

the game. “With so many options out

HIRE ACCORDINGLY

saw in premium coffee is around

there, we realized that it was crucial

Wilkin decided, would be “first and

packaging and portability,” says

for our customers to hear about

foremost” new and emerging

Johnson. “A lot of us have a great

industry trend from us rather than

products, but also he wanted them to

product, but how do you make it so

from the competition,” says Rob

find novel approaches to bar-flow

that customers can experience it in

Wilkin, who joined Pilot Coffee

efficiency and community engage-

different locations?” Any HOI role is

Roasters as partner back in 2013.

ment. Investing in a dedicated role is

about balancing experimentation with

one of those investments where it’s

the practical part of staying on top of

In that time, what it means to “trend”

not always easy to see a return on,

what’s hot.

has changed dramatically, due in

but it’s definitely worthwhile, says

large part to social media, home of

Wilkin. It was former Pilot HOI Brett

DON’T JUST SELL, TELL

thought leaders and industry influenc-

Johnson who helped the company

These days, brands don’t just push

ers. To maintain tastemaker status in

come out ahead of one of the

product, they manage communities,

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

which means it’s no good for your Instagram to look like a series of glossy magazine ads. “We want our customers to feel connected to not just what we sell, but what we do,” says Wilkin. Pilot’s feed intersperses gorgeous product shots with more dynamic images, a staff trip to Colombia, helpful how-to videos, and one of beans formed into the Raptors logo (because in 2019, being a basketball fan was good for business). It’s no longer enough to just present new merchandise every season with a quick “Hi, everyone, this is what’s cool now,” adds Jenny Bird, founder and CEO of jewelry company Jenny Bird “We’re about bringing our customers inside the nest with us as they see it’s a real company with real people. It’s in Toronto, not a black box.” It’s a counterpoint, Bird adds, to jewelry and accessory mega-brands where it’s obvious that the jewelry design is outsourced via licensing deals. “People want that connection to the maker, they want to feel the hand in the work,” says Bird. LEVERAGE YOUR FOLLOWING Bird will never forget that time Michelle Obama wore her Harbor Drop earrings in the pages of Elle, or when Serena Williams sported her Faye Knockers (another earring design) on the court. But while a celebrity endorsement is obvious #goals, she says her most valuable product pushers are regular women the ones who approach her at events to snap selfies (which Bird will often repost). Using Instagram as a virtual clubhouse, Bird has built a community of #BirdGirls. “I have women tell me that they will start chatting with another woman at a party because they’re both wearing Jenny Bird.” Brands with a smaller customer pool can still glean big lessons from their base. Just ask Matthew von Teichman, CEO of Toronto’s GreenSpace Brands. “We are a lot closer to our customers,” says von Teichman, who gets plenty of usable feedback at small vendor booths and industry trade shows. He points to recent product launches in the company’s turmeric and gut-health verticals, many of which came from taking that direct feedback to heart. “We could definitely save money by contracting out that work to a third party, but it would be a missed opportunity.”

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

Horoscope for JUNE-JULY 2020 GEMINI- CANCER Gemini

Love

Gemini horoscope 2020 predicts that

Gemini, this year your romantic life is

this year is a fresh beginning for you.

bound to become more intense.

If things are seeming dull for you,

Things may have been boring for you

then try something new. If things are

last year, but this is a great year to

too fast-paced for you, then quite a

spice things up with your partner

few things and try to make your life

finally. However, this doesn’t mean

more routine. Do the things that you

that you will be delighted in a

love, and don’t compromise for

sex-based relationship. You will need

anyone else. 2020 is your year, so do

love and compassion to be truly

way–to your employer.

whatever you need to do to make it

happy in a romantic relationship. You

great! Find out if 2020 is good for the

may get bored sometimes, but that’s

Finance

Gemini zodiac sign.

your cue to try something new. Try to avoid arguing over small things

Geminis are born between May 22nd

during the 2020 Mercury retrograde

and June 21st. Geminis are often

period.

misunderstood because of their dual

sometimes it’s just best to have some quiet time and a personal place to get some work done. More will be expected of you at work this year. You are likely to work very hard and at a fast pace. Even though stress is likely to haunt you, try to act favorably. This will make you stand out–in a good

This year in 2020 you probably won’t worry about money all that much. You should have enough to get by, and a little extra to spend on fun stuff. Gemini zodiac people should not get

nature. They can often seem like two

Career

people in one; this is probably why

Gemini 2020 astrology forecasts that

Just try to keep them balanced.

the symbol of the twins represents

this year at work you will do your best

this sign.

if you are working alone. While it is

Health

important to build relationships with

your coworkers and bosses,

MBE BUSINESS MAGAZINE JUNE / JULY 2020

too worked up about their finances.

You will need to work extra hard if

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

you want to stay in shape or be

tend to be highly in touch with their

and be more confident than your

healthy in general. If you are trying to

emotions; most of their personality is

coworkers if you want to get ahead in

lose weight, then you should exercise

based on this trait. They can be loving,

2020. Nothing bad is likely to happen

more and eat some fiber-rich foods.

but jealous.

if you donâ&#x20AC;&#x2122;t rise to the challenge, but

Try to rest your mind as well. You

only good things will come if you do.

should work out your brain. But make

Love

sure to give it a rest every once in a

Cancer love forecasts that in 2020 you

great way to motivate yourself to do

while, to keep your mental health at its

are likely to find harmony within your

this.

peak.

romantic relationships. You will also

CANCER

Making personal goals at work is a

feel more romantic in general, which

Finance

your partner is likely to appreciate. If

Cancer, you are also likely to have

Cancer horoscope 2020 predicts that

you are currently a single Cancerian,

good luck in your finances this year.

this year you will learn a lot about

then this is also a great year to try to

You should have enough money to

yourself by watching what other

find love. Before you look for a new

pay for all of the necessities and some

people do. You may observe children

partner you need to take some time to

to save as well! Working on a hobby

who remind you of what you were like

figure out what it is that you want out

that makes money is also a good way

when you were young. You might see

of a relationship. Once you figure this

to get some extra pocket money.

lovers who inspire you to find that kind

out, start looking! You are more likely

of love in your own life. Or you might

to find love with someone who you

Health

notice a busy coworker who you

have more in common with than who

Cancer 2020 astrology predicts that

aspire to be like. These are just a few

differs a lot from you.

this year your energy levels will vary,

examples of the things that may inspire change in your life in 2020.

Career

but you should still try to work out often. The greatest thing that could

This year there is likely to be conflict

cause you illness this year is inactivity.

You would be a Cancer zodiac sign if

at the workplace for the Cancer

Inactivity could also slow your

you were born between June 22nd

predicts the 2020 horoscope. This

metabolism or cause other health

and July 22nd. The fourth sign in the

doesnâ&#x20AC;&#x2122;t necessarily mean that you will

problems during the 2020 Mercury

western zodiac, Cancer has many

be fighting with someone. You are

retrograde. Try to adapt to a new

good and bad traits. Cancer people

likely to compete with someone,

exercise routine or diet this year.

though. You will need to work harder W W W. M B E F O RYOU. C O M

MBE BUSINESS MAGAZINE JUNE / JULY 2020

Four Climate Issues Canada will Tackle in 2020

DMM DEPARTMENT MB Enterprises

The action for Climate change and global awareness has

emissions in Canada will increase instead of decreasing.

grown significantly since the last few decades. This most

However, if we talk about the Govt. of Alberta, they are quiet

importantly includes political pressures and many other

affirmative that they need the economic activity that the

pressures creating awareness for global climate action. The

resource sector brings. The federal govt. should live up to the

recent fires in Australia is a true example as it has caused a

environmental commitments and must ensure that the level of

great sense of urgency for climate action in the current year

emissions comes down drastically.

i.e. 2020. There have been huge protests and people came on streets across Canada demanding climatic action and

2. PRODUCE MORE CLEAN POWER:

millions of protests were held worldwide. A huge example

As according to what an environmentalist Mr. Jaccard said

includes the efforts of Greta Thunberg, the 2003 born

“Phase out the coal and don’t replace it with the natural gas.”

Swedish activist who played a huge part in protests against

The government should now work more on the generation of

climate change in front of the Swedish parliament at a very

electricity using more cleaner and refined resources. This is

young age. Her efforts were so overwhelming that she

similarly true just like the government must reduce the

deservedly was nominated for a noble peace prize in 2019

emissions from the cars and trucks.

and then again in 2020. The organization Clean Energy Canada, who are actively There are lots of conversations, developments and dialogues

working for a better environment in Canada. They believe that

that revolve around the hot topic of climate change. Mostly

the efforts of Ontario from 2007 to 2014 of cutting emissions

they move around carbon taxes and on battles over the

by 17% is equivalent to bringing seven million cars off the

pipeline getting built or not.

road. These stats means business for the Canadian Govt. as

On the road to a low carbon future there are four climate

it’s a significant percentage in terms of emission reductions.

change issues that Canadian Government needs to tackle in 2020.

Talking in terms of the overall electricity generation in Canada, Coal accounts for a little less than nine percent. Coal

1. DECIDING THE FATE OF THE FRONTIER OIL SANDS MINE:

has been responsible over 75% of all emissions for electricity

As according to relevant data and stats from Natural Resourc-

generation in the year 2017. Not replacing coal will highly

es Canada. It shows that the oil and gas sector in Canada

effect Canada in terms of the overall emissions footprint.

currently holds the number one source for the greenhouse gas emissions in Canada.

3. THE CHALLENGES AND OPPORTUNITIES OF THE CLIMATE CRISIS: The climate crisis is full of challenges as well as opportuni-

There is a cap that has been imposed on the O&G sector by

ties. People think there are more challenges than there are

the provincial government. In case if the Frontier mine is built

opportunities in the current climate crisis. However, the

the overall emissions would still remain below the cap that

environmentalists believe that’s not true. With climate change

has been imposed by the Govt. Hence, this means the

and its efforts on a global scale, the opportunities are

decision must be affirmative, however, scenarios can

expanding each and every day. Addressing the climate crisis

fluctuate. More output means the reductions in overall

requires more systematic changes and some changes in

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

policies for climate action. The actions that needs to be taken

However, the most crucial of actions that must be taken by

are decarbonizing the transportation sector and the electricity

the government is to reduce the emissions from cars and

generation.

trucks down to zero.

People will benefit more from calm environments, more quiet

Transportation in Canada that includes mainly cars and trucks

cities and a more diverse economy. Environmentalist Mr.

accounts for 24% of overall emissions. Bringing the auto

Jaccard thinks, climate-sincere politicians to cut emissions

market to zero emissions is the best way for a low-emissions

down would need to regulate the carbon pricing or bring the

future as transportation industry can control carbon

carbon pricing to higher levels.

emissions at least from 24% to 10-12 % in approximately Three years.

4. REDUCING EMISSIONS FROM CARS AND TRUCKS: One of the most important steps that Govt. must impose

For this to practically take place the govt. has to invest more

radically is reducing the emissions from the cars and trucks

in electric vehicle technology, the charging stations and public

(larger vehicles). The concentration of most Canadians are

transits. Smarter policies to cut down carbon will bring rest of

those living in provinces where the electricity is mostly

the change.

produced from non-polluting sources. The province Ontarioâ&#x20AC;&#x2122;s reliance is mostly on nuclear, hydroelectric and wind power resources. Alberta is a province that still is heavily dependent on coal.

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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MBE BUSINESS MAGAZINE JUNE / JULY 2020

What’s Good Friday & its Purpose in Christianity? DIGITAL MEDIA MARKETING MB Enterprises Good Friday, just like Easter Sunday is

ion and the death of Jesus Christ. A

showing deeply their love and

one of the most significant days in the

day that is observed by many

affection for Jesus Christ and his

Holy week, starting on Palm Sundays

Christian’s sects and denominations

respectable teachings for humanity.

and ending on Easter Sunday.

that includes the Catholics, Lutherans,

Also, acknowledging his sacrifices for

Observed as a national holiday in

Anglicans and the Methodists. It is

humanity and what he did for his

Canada, it is religiously significant and

always observed before Easter

followers is the soul of the prayers and

holds huge prestige for all Christians.

Sunday, but the date keeps on

fasting.

Precisely, it marks crucifixion and the

changing every year depending on the

dying of Jesus Christ. This being a

Earth’s revolutions. In the tradition of

This is a sacred day for Christians all

holy day for Christians all over the

the Roman Catholics, the believers of

over the world who are significant

world is a true reflection and people

Christianity and its followers observe it

because of being the most followed of

reflect upon the sacrifice of Jesus

in prayers. They mark it by praying the

religions in the world. On this day of

Christ for their sins.

Stations of the Cross and recite

commemoration the ‘Church bells are

sermons and other devotional prayers.

silent’, and this sober and solemn

In 2020, Good Friday is falling on the

muted atmosphere is saved until the

10th of April and it is always the Friday

Christians around the world also

Easter Vigil. There is immense

just before the Easter Sunday.

observe this day as fasting, i.e. they

similarity in different Christian

can’t eat anything until the time they

traditions, in the Anglican traditions

WHAT IS GOOD FRIDAY & HOW IT IS OBSERVED?

are fasting, but that’s not the whole

the ‘Church remains stripped of all

It is a commemoration of the crucifix-

day. It is most part of the day, however,

decorations’. It remains to be a day of

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

religious reflections and prayers for

Hence, it holds a highly sacred nature,

of Jesus Christ, his death, and finally

Christians that are worldwide and this

marked as a holiday in most Christian

the resurrection. The Triduum begins

has been so since centuries.

countries that includes Canada,

on the evening of Holy Thursday also

England, Spain, Australia, New

known as ‘Mandy Thursday’ i.e. the

WHY IS IT KNOWN AS ‘GOOD FRIDAY’?

Zealand and many other countries

day before Good Friday. A lesser

The crucifixion and death of Jesus

from the West. Marking as a national

significance day but still has some

Christ, can’t be termed as something

holiday means the significant is

importance and name in history.

‘GOOD’. The reason why it is called

paramount in most countries where

‘GOOD FRIDAY’ is because of many

Christianity is strong and is observed

The purpose is remembrance of The

linguists who are of the opinion that

with passion and love for Jesus Christ.

Christ’s sacrifice; however, it is the

‘GOOD’ meaning ‘HOLY’ is a deriva-

A holiday makes ‘GOOD FRIDAY’ a

darkness of the day that allows the

tion from an older usage of English

national prestige especially for people

believers to feel happy about the

language. Here the meaning of GOOD

who are observers of the day with

resurrection on Easter Sunday.

is taken simply as ‘HOLY’ or Sacred.

huge fervent.

However, in the modern sense GOOD

According to the Church of England

is taken as something Positive or

4In the West, there are huge deals

there is no sufficient way of recalling

having Positive energies.

and discounts on ‘Good Friday’ and for

the Jesus Christ other than in silence

people working on the day are paid

and isolation, and in complete

There are also some wrong interpreta-

more wages than normal. Hence, it is

religious meditation. Hence, within this

tions of the word ‘GOOD’ as according

treated as a blessing of the remem-

silence there is immense peace and

to some beliefs it comes from ‘God’s

brance of Christ, and holds significant

completion and a rising sense of

Friday’, but that’s not the case. The

traditional values.

excitement as Easter Vigil comes

argument is more inclined on the

nearer. Feeling the sacrifice in

‘Holy’ side, as most linguists and

THE PURPOSE OF ‘GOOD FRIDAY’:

desolation and in remembrance is one

experts say that ‘Holy’ is most likely

As it marks the beginning of the end

of the best ways how it is and should

what it was referred in ancient times

of the Holy week, i.e. the last week of

be observed. Observance of ‘GOOD

and that’s why it became commonly

Lent. The last three days are known

FRIDAY ‘holds significant values so

known as ‘GOOD FRIDAY’.

as ‘Triduum’ or ‘Three Days’ that

that generations to follow stick to the

signifies and commemorates the trial

principles of observance.

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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Coronavirus and what it for the Global ECONOMY?

DMM DEPARTMENT MB Enterprises

Coronavirus, a global pandemic has emerged as a major

RESPONSE OF THE MARKETS:

threat especially hurting the Global economy, finance and

The market responses have never been uniforming globally,

trade. Originated from China’s Wuhan province from an

but facts and financial analysis have shown that they are on

animal market, it has seen many deaths, especially, in USA,

the pathway of recession. What’s The Pathway of Recession?

Italy, Spain, United Kingdom, France and Iran. Known by its

It means that markets will be seeing global recession soon,

medical name as COVID-19 as it spread across China, the

something similar that caused global economy downfall some

reactions of the global financial markets came late, not until

11 years from today. Major continents that were affected were

the last few months when the virus started spreading across

North America, South America, Europe and parts of Asia that

the middle east and most countries of Europe.

includes Central Asia. Hence, the mechanical models of recession risks have ticked on the higher side. This means

In the European continent most affected countries are Italy,

that the world is not undergoing recession currently, however,

and Spain, however, UK, Germany and France have also

there is a tendency i.e. risks associated with recession.

suffered in terms of deaths and economy. The COVID-19 risks have raised many eyebrows with fears that there could

‘Recession’, is an economic situation or a business cycle

be recessions on the global economy similar to what came in

contraction that arises due to some economic conditions

2009. However, if we talk with respect to investments, the

causing a general decline in economic activity. These

country risks have fluctuated and varied. There have been

conditions can be for e.g. War, Political Turmoil, Pandemic, or

huge variances in the European continent with Italy suffering

a financial crisis situation.

the most with a complete lockdown for weeks resulting in a downfall in Total GDP. The forecasts for GDP have been

While we discuss the valuation of the risk assets, similar

dubious for many affected countries especially the ones in the

responses may vary due to the COVID-19 impacts. However,

top 10 GDP Total listings.

something positive is that credit markets not getting highly affected i.e. don’t foresee funding and financing problems.

Hence, there are confusions over how effective are the containment efforts as the losses have proved that recovery

WHAT’S A COVID-19-INDUCED RECESSION?

will not arrive soon. A significant negative change over

While we discuss recessions more closely and finding out

reactions of consumers and pricing strategies, as prices have

why they arise, and how they impact the global economy. We

increased in some industries.

need to discuss the various types of recessions in detail.

The COVID-19 economic impacts can’t be predictable as

Real Recession:

economists all over the world are of the opinion that it should

The real recession, this is a financial situation that relates to

take at least 4-5 months to recover if the virus gets under

the Economic recession of 2009 affecting most countries in

control soon. However, if situation gets worse the recovery

Europe, Canada, USA, Mexico and some parts of Asia. Falls

process time might increase depending on the scenario,

into the category which is CapEx boom cycle and it derails

circumstances and total time frame.

the economic expansion causing disruptions, shutdowns, and variances in pricing, also affecting the stock markets and

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

financial institutions that includes banks and building societ-

SMEs and Medium enterprises. Larger companies are less

ies. Arises due to conditions such as wars, disasters or other

likely to get affected as they are more prepared to handle

disruptions that can push the economy into contraction.

financial crisis situations and economic meltdowns.

COVID-19 can’t cause a real recession according to most

THE ROLE OF LEADERS IN CURRENT GLOBAL SITUATION:

economists as the tendency is more to infect the host country.

The role of global leaders in the current situation that relates

However, there shall be some losses that relates to trade,

to COVID-19 is significantly huge especially the leaders of

finance, travel and education. The losses might increase as

China, USA, Canada, Germany and Italy. Leadership’s role is

well depending on the recovery time.

vital under areas that relates to decision making, making health policies and creating practical awareness in their

Policy Recession:

countries in supervision with World Health Organization.

The policy recession happens due to the central banks

Leaders shouldn’t become dependent on projections as the

leaving the rates too high as compared with neutral rates.

financial markets are experiencing great uncertainty. The

This results in tight financial conditions and credit intermedia-

leadership must plan the best and prepare for the worst-case

tion.

scenarios in terms of cost and consequences.

Financial Crisis:

In such a scenario that relates to risks and crisis leaders

A financial situation that creates imbalances and brings a

must analyze and address the challenges associated i.e.

country performance down in terms of financial growth and

economic, social and national level challenges. They must

economic growth.

also play an active role in determining the impacts of COVID-19 virus, and its recovery process. Furthermore, for

COVID-19 can’t be seen something contributing to financial

how long the impacts will take place in their particular

imbalances. However, financial stress could arise due to

countries.

strains in cash flows which is particularly likely to happen in

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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MBE BUSINESS MAGAZINE JUNE / JULY 2020

Easter Symbolism Complimenting The Holidays

DMM DEPARTMENT MB Enterprises

Easter is a religious occasion observed in form of holidays

or less in all the Christian dominated countries, regions &

just like Christmas. Although, Christmas also known as Xmas

territories.

is a much bigger religious festival for Christians worldwide as it marks the birth of Jesus. Easter holds lesser importance

SYMBOLS OF EASTER CELEBRATIONS:

but is observed by Western countries that are Christian

Easter is celebrated as a Christian religious festival and its

dominated countries. It marks the ‘resurrection’ of the Christ

significance in Christianity holds priorities for many Christian

that happened approximately two thousand years ago, and is

families. The symbols that are used in Easter are eggs,

observed globally according to Christian beliefs.

Crucifix, Rabbit, Lilies and Lamb.

Christianity is the most followed religion of the world and has

Below are the symbols described in detail and how they hold

a Pope i.e. the Head of the Church, holds huge significance

significance to the religious festival of Easter?

and prestige for all Christians around the world. EASTER ‘EGGS’: Pope Francis, the current Pope belongs from Argentina and is

Eggs are the most recognized and most famous of the Easter

resident in the Vatican City i.e. also a sacred city for the

symbols, also known in the west as Easter Eggs. On the

Christians from all parts of the world.

occasion of Easter the eggs are hard-boiled and decorated in bright hues. The belief goes to this extent that the eggs of

EASTER & ITS IMPORTANCE IN THE CHRISTIAN WORLD:

Easter are both secular and religious. It is thought by many as

The origin of Easter dates back to some two thousand years

an ancient symbol of bringing new life. As according to the

ago on the crucifixion and resurrection of the Jesus Christ.

historians of Christianity, it has been associated with the

Known earlier as the “Resurrection Day” by many pundits and

pagan festival that are in the celebrations of spring. Many

religious scholars. The importance lies heavily amongst the

Christians are of the belief that it is a representation of the

Christians who believe in the Resurrection of Christ and are

Christ’s emergence from the tomb to the resurrection.

the true followers of Jesus. Eggs are painted and decorated with style and uniqueness in The observance is in form of a holiday next day of Easter

attributes and it marks the end of the fasting. In addition to

Sunday i.e. Easter Monday. It is based on ancient pagan

this it became one of the most significant ways of celebrating

celebrations as pagans were the true followers. In modern

the Easter festivals.

times it has more commercial value and also mixed-up with some non-Christian traditions. The traditions includes the

RABBIT:

Easter bunny, Easter parades and hunting for the Easter

Rabbit, one of the sharpest, fastest and alert of the small

eggs.

animal species. In the Western world, especially the Christian nations, the Easter bunny is a secular symbol of the holiday.

Easter is observed in Christian countries all over the world,

The Pagans celebrations of spring often linked rabbits and

some of them includes, The USA, Germany, England, France,

their like animals i.e. hares with the season. This is primarily

Italy, Canada and Australia. Hence, the observance is more

similar in nature to eggs i.e. bringing forth new life and

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

because of their abilities of fertility.

sacrifice. Also highlights that God is the one who gives new life to people after their death.

Many in Christianity also have a belief that relates to the movements of Rabbit coming out from hole. Believer’s

Most people are highly linked with the cross, they wear it in

associate that rabbit coming out from the hole, symbolizes

form of a necklace for God’s good omen and good luck. Many

the Christ emerging from the Tomb.

people also make the cross on their heart when they are under a challenge or before praying or making a wish.

LAMB: Yet another significant symbol that has a huge significance

Some people as part of the Easter dishes and favorite

with the Easter is lamb. It was more linked to the Jewish

desserts bake “hot cross buns” as another symbol of season.

religion and lamb was used for sacrifice. Also holds its significance in Islam as it is used for sacrifice, following the

LILIES:

religious tradition of Pilgrimage (Haj).

Another symbol being lilies are exchanged during the Easter festival as celebrations are not complete without lilies.

Jesus Christ is often remembered as the ‘Lamb of God’ as he

According to the American bible Society, the lilies grow in

was sacrificed and crucified.

spring and this is the time of the Easter celebrations.

CRUCIFIX:

Some people also think that lilies look like trumpets and that

‘Crucifix’ is the central symbol of cross that is present in

symbolizes the Christ’s resurrection.

Churches as it is a symbol of Jesus Christ’s crucifixion and

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

5 Reasons Why you Should Study your MBA in CANADA

DMM DEPARTMENT MB Enterprises

Canada, a country full of economic boom, high-rise buildings,

abroad options. Canada became priority for most MBA

research and development and universities with excellent

students as it gives ample time i.e. three years of Post Study

academic and sports facilities. The cities of Montreal, Toronto,

Work visa, after the degree is completed. In three years most

Ottawa, Vancouver, Calgary, London, and Victoria are all full

international students can achieve their targets of attaining a

of economic growth and highly prospective cities in Canada.

job in Canada’s most competitive job markets. For MBA

The second largest country area-wise is the fourth most

students the market is good enough as the economy holds

wanted country for international students after USA, UK and

higher business prospects and job prospects. Another

Australia.

advantage is the huge land and provincial distributions. However, a Canadian Post study work visa is applicable

Why international students are preferring Canada for an MBA

everywhere in Canada. Hence, students can easily get a job

degree? A question that means a lot to the business schools

after having their work visas.

of Canada whose consistency and growth has been phenomenal. A diverse population is applying every year, however,

As according to the statistics, the applications are increasing

most students prefer to avail the opportunity of living in

annually as more migrations are taking place every year.

Canada. A land of business opportunities where many young and dynamic businessmen are investing and earning every

A THRIVING JOB MARKET:

day. Jobs are Govt.’s responsibility and they provide people

Canada has a highly thriving job market and according to the

with platforms to work after completion of study.

Govt. policies jobs are easily attainable for deserving candidates. The job market for Int. students is improving every

A country full of energy for students is now hub to internation-

day and the efforts of Prime Minister Justin in this regards

al students especially cities like Toronto, Montreal and

has been remarkable. Reasons are improved business

Ottawa. Preferences are mainly because of the confidence

prospects, more investments in Canada, and more people

Canada has shown since last few decades in terms of job

coming from various countries just for the purpose of study

markets, business prospects and living up with the challenges

and work. The boom in the job market has been significant

of the practical world.

since last decade as Canada has a policy of equal opportunities. It means jobs for everyone in their specified field of

FRIENDLY VISAS:

interest and field of study or research without any racial

The visas for MBA students are friendly provided they fulfill all

discrimination.

the academic criteria as well as language proficiency and work experience. Studying abroad is not an easy process,

The two major cities that are gathering a lot of expertise in

and needs lots of paperwork and fulfilling the formal require-

professional fields are Toronto and Montreal. These are the

ments. In Canada, comparatively it’s easier for international

best cities in terms of the job market and prospects for young

students as they present the most opportunity and study

expatriates. Other cities like Ottawa, Calgary and Vancouver

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

falls in the second range and are the cities where prospects

al and Ottawa are the cities that regularly features in ‘best

are booming with the Canadian economy.

cities for student’s life’ ranking tables.

WORK-LIFE BALANCE:

According to the students Canada is highly collaborative and

Canada’s work environment holds huge priorities for aspects

an open country for international students and they love the

related to work-life balance. You don’t necessarily have to be

culture of many big cities especially Montreal which is the

a workaholic to survive in the Canadian work environment,

second largest city in Canada. It’s just not about the cultural

but it’s preferable that you spend a good family time, along

heritage of Canada, it’s about people mixing together,

with work.

working together and dining together in a friendly environment. People from overseas want to learn more about

According to a 2018 survey, a huge 69% workers in Canada

Canadian history, the Canadian wildlife and exploring

rated that work-life balance as ‘excellent’ or ‘good’. Students

Canada, as it is one of the best countries in the list of

were happy with the friendly and cultural environment of cities

tourism.

like Toronto and Montreal where they spent their time with balance while they worked and enjoyed their student’s life.

A HIGHER RETURN ON INVESTMENT: A country that gives a higher return on investment as

Some international students preferred learning English and

compared to many other countries including Australia and

French during their semester holidays. This showed the

New Zealand. As an International MBA is a costly qualifica-

flexibility associated with the Canadian environment for

tion and needs a higher return after investing huge amounts.

international students while they studied.

For e.g. A General MBA from JMSB costs almost $24K for international students. Ironically, the expectations from the

CULTURE- ‘Canadian Culture for International Students’:

international job markets are higher, hence Canada is one of

A culture that highly suits the international students with

the countries that fulfills most requirements.

diverse communities and places to mingle and enjoy. Montre-

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

Cancers Rising In Young Canadians Related To Obesity DIGITAL MEDIA MARKETING MB Enterprises

Obesity is increasing every day in

Is it about the trends? Most people

young people i.e. the youth ranging

North America at an alarming rate,

are convinced that trends in the USA

from ages thirty to thirty nine. This

especially in Canada. It is mostly

and Canada will not change as easily

study is from a sample of five million

linked with the eating habits of young

as fast food is considered as most

cancer cases dating from 1971-2015

Canadians mostly preferring to eat

unhealthy and junk bringing fat.

in Canada and the results are very

junk food, being readily available and

Hence, it is a cause of heart diseases

unique demographically. It says that

on-the-go fast food items. Ironically,

and cancers according to the new

Canadians are mostly experiencing

the probability of cancers has

study. Itâ&#x20AC;&#x2122;s hard to change your diet and

breast and colon cancers and highest

increased due to obesity issues

eating habits once you are too much

number of Cancer cases are women

especially in the youth. Major causes

into unhealthy eating. Still smart

from ages thirty to thirty nine. Accord-

are lack of physical activities, gaming,

people, the corporate workers, know

ing to experts and doctors, the reason

movies, and dining out having

they have to move a lot to burn their

is Obesity, as it is considered as a

unhealthy and junk food. Fast food has

fat and be useful for their own good

huge risk factor amongst the people,

its benefits i.e. it brings balance in

and to keep looking good every day.

and the rise in Obesity levels is

weight for people who are slim.

parallel to the rising amount of Cancer

However, for overweight people itâ&#x20AC;&#x2122;s

OBESITY-RELATED CANCERS:

like putting more ounces every time

Since 1971, the rate of Obesity

you are going for a Big Mac or other

related Cancers in Canadians

Another similar study has shown

burger meals.

increased. Hence, studies have also

totally different results. This study has

shown that the most affected are

shown with significance that there has

MBE BUSINESS MAGAZINE JUNE / JULY 2020

patients.

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

been a decrease in overall rate of new

WHAT REGULAR EXERCISES CAN DO?

or gym routine as well. Running is the

cancer cases in people who are

As North America is more into the

best way to reduce unwanted weight

exceeding fifty. It’s just like if you are

habits of junk food and fast food that is

fast and easily as it is a fast fat burner

crossing a threshold age, you shall be

categorized as un-healthy food or fatty

and a whole body exercise.

safer from the dangers and risks of

food. However, the best solution to

breast or Colon cancer.

avoid health issues is through regular

OBESITY IS A DISEASE:

exercises. Even walking on a daily

Obesity is treated as a disease

Research has shown that in most

basis, or jogging will benefit the heart

medically, as we have discussed

patients there is a link between the

conditions, decrease obesity and

earlier that it can be the cause of

smoking cessation programs and a

reduce risk of cancers in the youth.

many health problems and other

decrease in lung cancer cases. Good

Trends can change, once you become

related diseases. According to the

safety behaviors are the cause of

the trend setter and accomplish your

stats of 2012, a huge 18.8% of the

lowering the cases of melanoma. This

exercise goals every day. Keep a

whole Canadian population that is

is found mostly in women younger

calorie check, what’s your take-in and

equivalent to more than seven million

than forty and men that are younger

how you are managing your diet on a

Canadians were found to be obese.

than fifty years old.

daily basis. The environmental factors in Canada

Canada is a country where the rate of

Have more consumption of fruits, as

has a lot to do with the rate of

Cancer diagnosis is well documented

‘five a day’ means you are having your

increase in Obesity. These factors are

for research and similar purposes. But

desired vitamins in-take as well as

the components in adult and

there is less that is known with

getting the required fruits you need.

childhood obesity, as parents that are

respect to the trends by the age

Healthy sleeping habits also helps in

obese pass their obese genes onto

groups. It’s generally that Cancer is

getting your goals and risk of cancer,

their children. The nurturing of

growing in people who are younger

heart attacks and strokes are avoided

children is than done in an obesogen-

and shouldn’t be having such a deadly

as six to seven hours of good sleep

ic environment, and this is the cause

disease at a young age. However, the

should be mandatory. This is especial-

that caries the cycle of obesity

reasons are very ironic, its obesity

ly needed if you work 9-5 in a routine

throughout the generations.

that relates to Cancer as well as

job, manage your work ethics, hence

unhealthy eating habits.

you can manage your walking routine

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

WE ARE HIRING!

RESORT MANAGER

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

Safety & Readiness Tips for you in Times of CORONAVIRUS

DMM DEPARTMENT MB Enterprises

Safety is a huge concern in the current Coronavirus pandem-

WEARING A CLOTH FACE COVER OR MASK:

ic that is the cause of many fatal deaths current count being

According to the instructions from the CDC it’s important for

approximately a Hundred Thousand. It has not only caused

everyone going outside in public, or for taking grocery or

chaos all over the world, but has also given huge financial

essential daily items. They must strictly adhere and wear a

setbacks to many countries. Originated from China, from

cloth face cover that is vital from germs prevention or a mask

Wuhan city and spread all over the world in just days, while

would be the best solution. The virus can be in the air and

giving a huge impact especially in Europe and United States.

you can be the next victim, however, a mask or cloth cover

The best way to save yourself is with the help of safety

can save you from the pandemic. It will also act as a shield for

measures and precautions. According to stats and news from

others in case if you are infected, or are having even minor

all over, anybody can be a victim of the deadly pandemic and

symptoms of ‘COVID-19’. Be very particular in choosing a

if immunity to fight against the virus is less, it can be life

face mask, and its best to buy a fresh one, rather using

taking as well. The best drug is self-awareness and precau-

someone else’s face mask. Please beware and don’t use the

tionary measures that are needed for a healthy environment,

face mask meant for a health worker, as your protection is

and restoring the circumstances as fast as we can.

foremost.

According to WHO and The American Red Cross, following

SOCIAL DISTANCING:

the latest guidance from the Centers for Disease Control and

Social distancing is a precaution that should be taken for a

Prevention will be highly helpful in the restoration process.

considerable amount of time in these days. According to

CDC, or Centre for Disease Control and Prevention has been

American Red Cross and WHO, it’s important that people

active since a long time and has a history of fighting against

maintain social distancing, keep a six feet distance while

many pandemics.

conversing, work from home and avoid all kinds of social gatherings and parties to create a safe environment in future. Adhering to the CDC regulations is highly important as part of

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

every individuals social responsibility.

use of hand gloves if and where it’s necessary.

The Govt. of Canada and majority of countries have

CLEANING AND DISINFECTATION:

announced a lock-down for safety measurements, which

Make a regular habit of cleaning and disinfecting the house-

means prefer working at home. Use social media, skype and

hold surfaces which includes those who are used very often.

other media tools on internet like WhatsApp as means of

The high-touch surfaces i.e. frequently used ones are

communications, meetings and managing office tasks. A

phones, remote controls, tabletops, laptops, doorknobs,

responsible environment is a safe environment as it is a

bathroom fixtures, toilets, keyboards, tables, bedside tables

highly aware environment for the future of others. Team

and many more. ‘Disinfect’, is a term which means minimizing

working is still manageable while sharing tasks, and making

the effect of a possible infection that can be caused or may

fruitful discussions. As announced by Canadian govt. it’s not

have been present. Regular disinfecting and cleaning is a

about earning profits in current times, what’s important is that

huge necessity for a healthy living environment even in

we come out of the COVID-19 pandemic as soon as we can.

normal circumstances.

DO REGULAR HAND WASHING:

COVERING YOUR COUGHS:

Regular handwashing is a necessity, rather than a precaution.

Make sure that symptoms of cough, sneezes and fever are

According to doctors and WHO experts it is a priority for the

consulted with a doctor as soon as possible. Covering your

people to maintain regular hand washing for at least twenty

coughs with a hand or a tissue will help preventing your

seconds, as approved scientifically. The use of soaps and

germs travel in the air to another person. If your coughs are

sanitizers is a requirement and must be obliged to avoid

regular and you can’t immediately go to a doctor, than

drastic circumstances.

isolation is the best way. The warning signs for severe symptoms include trouble in breathing, persistent pain or

A literal society can fight against any Pandemic with consis-

pressure in chest, and bluish lips or face. These symptoms

tent awareness measurements and practical efforts. Beware

are enough for you to take mandatory action as soon as

that you avoid touching your eyes, nose and mouth with

possible to avoid a life hazard.

unwashed hands. Germs can be also be prevented by the

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

The Effects of ‘Covid-19’ on Europe’s Economy Tourism Industry

DMM DEPARTMENT MB Enterprises

The way COVID-19 has affected this world has been significant

As the amount of deaths are increasing and businesses are

in form of loss of life and financial losses i.e. economical

shut, the prices for tourism have been lowered as the numbers

devastations and lock-downs. The proof is in form of total

travelling for tourism and trade are almost negligible. Govern-

mortalities crossing hundred thousand deaths globally. Hence,

ments of most countries have requested their citizens to stay at

out of these counts, the most affected ones are USA, Italy,

home, so that they can control the situation.

Spain, United Kingdom, and France, i.e. Europe’s 4 giant countries and mega economies from the Eurozone in terms of

We can look more closely at how the COVID-19 has been a

the GDP.

cause of financial and life losses to the ‘Big Five’.

The deaths from Italy counts 30.55%, Spain: 26.4%, France:

ITALY:

22.09%, U.K: 16.3% and Germany: 4.63% i.e. Percentages

There has been a positive control on number of deaths in the

with Total count from the Big Five from European countries.

past three weeks. This control has only caused United States

The total count from Europe is Sixty Five thousand approxi-

number of deaths pass Italy, but still numbers are significant

mately, i.e. 57% of the World’s Population death counts from

i.e. almost twenty thousand.

‘COVID-19’. The director of infectious diseases Massimo Galli from Milan The Big Five is the term used for the largest European

Sacco Hospital said in an interview to a T.V channel that things

economies with GDP Total in the Top Ten list of four countries,

are going better now, as few people need an intensive care

and the countries are France, Germany, Italy and U.K.

bed. Hence, some signs of positivity while the numbers are still huge.

COVID-19’s EFFECT ON TOURISM INDUSTRY IN EUROPE: Europe is considered as one of the most beautiful continents in

Ironically, a huge impact on the Fashion and trade industry in

the world and is most people’s favorite holiday destination. The

Milano, as the Europe’s fashion capital and a global fashion

continent consists of many beautiful countries, with gorgeous

hub is under complete lockdown. One of the worst hit pandem-

climate, landscapes, History museums, War museums and

ic since many decades has made things worse for Milan

Science museums.

fashion industry. Furthermore, the migrations to Italy especially the number of students coming to Italy has immensely

The sufferings in the tourism industry to Europe are mainly

declined.

because of Italy, Spain, U.K, and France as they are considered places of rich tourism, IT, infrastructure, culture and

UNITED KINGDOM:

literature and economically sound countries. Italy is known for

The current deaths from the U.K are almost ten thousand and

its rich architecture and ancient buildings from the era of the

stats have shown that almost sixty five percentage of the

Roman Empire preserved for people’s attraction. Spain,

deaths are from England. The Prime Minister of United

similarly is known for gorgeous places like Ibiza and museums

Kingdom, Mr. Boris Johnson was released from hospital after a

as well as holiday destinations that are most favorite for people

week and spending three nights in intensive care. He was

all over the world.

tested positive with the virus just a week ago and is now out of danger.

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

Other losses are in form of immigrations and people coming

According to a statement from Health ministry, Paris. They

annually to the U.K. for academics, research and higher

said that the observance is high, however, the vigilance

education is seen on a low.

should be increased as hospitals and ICUs are still taking care of large number of patients.

SPAIN Spain, a country that has a history of pandemics, one of them

GERMANY:

being the Spanish flu that occurred from 1918-1920. Hence,

Amid the COVID-19 pandemic, Germany is the country that

for COVID-19, the past twenty-four hours count was almost

has suffered the least in terms of deaths amongst the ‘Big

six hundred and the number of new infection raised to almost

Five’ European giants. Solidarity has been the motto of the

four thousand people. The total deaths are almost seventeen

Govt. and Chancellor Angela Merkel has laid huge emphasis

thousand i.e. second highest numbers after Italy, highly

on solidarity and united efforts. The current death toll is

affecting many industries.

almost three thousand, which is a mere 4.63% of the total counts registered from the ‘Big Five’ European nations. The

According to the Spanish Prime Minister Mr. Pedro Sanchez,

stats truly proves the strength of the German economy as

the efforts by the Spaniard to stay at home has helped a huge

compared to the rest of the ‘Big Five’ is capable enough to

deal in the virus control. The Spain’s construction and heavy

handle similar extreme scenarios.

industries are in preparation to resume work as work restrictions since the last two weeks have been lifted.

As the Health Minister Spahn, said while laying emphasis in a Press conference that people should realize their corporate

FRANCE:

social responsibility to fight against COVID-19. Hence, the

Meanwhile, France is the third largest hit country from

positive results of the outbreak are that people are reaching

COVID-19, in Europe after Italy and Spain. As number

their neighbors and asking if they need assistance.

speaks for itself i.e. almost fourteen thousand, the efforts are increasing every day to reduce the number of intensive care patients. There have been positive results with reasonable drops in numbers.

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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Insurance Industry’s Role Amid Coronavirus Outbreak

DIGITAL MEDIA MARKETING MB Enterprises

The role that insurance industry has to

Fears are amongst the business

coverage in case of lockdown or a dry

play amid COVID-19 outbreak is

communities of consequences of a

period in business affairs.

significantly huge. It is similar in case

complete lockdown causing millions of

of natural disasters, or similar epidem-

dollars of losses that can only be

HOW THE INSURANCE COMPANIES WORK:

ic or a recession. The number of

recovered by the insurance compa-

Insurance companies are further

confirmed cases has passed 300K

nies. The role is wide as insurance

insured by bigger insurance compa-

from stats all over the world. For

industry is a highly saturated industry

nies and groups known as Re-insur-

Canada however, the health risks that

and in Canada most business and

ers. These are mega financial

are associated with the virus are lower

public entities are insured.

institutions that are there to cover the

as compared to other countries. This

losses made by the insurance

is a confirmation given by the Public

People have health insurance,

Health Agency of Canada that stated

property insurance and business

in its statement that Canada’s risks

insurance for similar types of

A prominent example of a Re-insurer

with ‘COVID-19’ are far lower than

conditions and situations. Car

company is Munich-Re, as it is a huge

other countries.

insurance is a must, and therefore,

company that insures the insurance

companies.

while at risk the life insurance is also a

companies globally. These companies

There is huge fear and panic that

huge necessity. The relativity of

handle risks that are too large for the

relates to the virus since it started

insurance is directly with the amount

insurance companies to handle. These

spreading and created chaos all over

of risks associated to a life or

risks includes the political turmoil,

the world. The fears are related to the

business.

disasters, pandemics, natural

associated risks that are arising every day. W W W. M B E F O RYOU. C O M

disasters and political conflicts. The Most businesses are insured and

reinsurers also makes it possible for

almost all businesses can claim their

the primary insurers to keep less MBE BUSINESS MAGAZINE JUNE / JULY 2020

capital on hand so that they can cover

worldwide.

the potential losses.

major hub of travel and tourism in The summer Olympics of Tokyo can

Europe with places like Rome, Milan,

The current situation of COVID-19 is

be taken as an example. A huge event

Venice and Capri being global tourism

highly monitored and controlled by the

taking place in Tokyo Japan, with

spots.

re-insurers as the losses are too large

mega investments as well as the

and unpredictable and evident on a

involvement of so many countries.

The country has suffered huge losses

global scale.

Truly, it is one of the mega sport

in terms of their tourism industry

events, similar in stature to a football

almost coming to a halt. Travel

Hence, for example the insurance

World Cup, as the viewership and

insurance is yet another insurance

company Aviva is further insured by

audience is mammoth.

sector that has suffered due to

Munich-Re. In similar situations like

cancellations of flights, buses and

the COVID-19, if they are facing

The fear factor is the cancellation of

road trips due to ‘COVID-19’. Hence,

losses, they will be covered by

Summer Olympics due to the pandem-

the travel and health insurance i.e.

Munich-Re to avoid bankruptcy and

ic. Meaning the involvement of

medical insurance are the two most

financial burdens.

insurance companies is vital. Howev-

famous insurances linked with the

er, as according to the size of the

tourism sector.

THE FEAR FACTOR OF CANCELLATIONS OF

event the re-insurance companies are

MAJOR EVENTS:

also involved silently. The involvement

The losses have been bilateral if we

The long term effects of the disease

of re-insurance companies is not

think with a financial perspective.

and its effects on people is linked with

direct but is always impactful to make

Ironically, the role of insurance

the fear factor of what’s related to the

adverse situations stable.

industry in any case has been to bring

impacts. The insurers and the

to the governments. Italy alone was a

stability to fight drastic situations and

business community should have a

WORLD TRAVEL & TOURISM INDUSTRY:

fear of the long-term effects and

Other such examples are the Travel

impacts of such a pandemic that has

and Tourism industry that alone in

caused innumerable deaths

Europe gives huge amount of profits

MBE BUSINESS MAGAZINE JUNE / JULY 2020

extreme circumstances.

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

Importance of Time Management Professionally 11 Tips

DMM DEPARTMENT MB Enterprises

1. Stop Multitasking: ‘Multitasking’ or working on more than one

helps in achieving the goals with ease. For a proper brain

task at a time is something that affects time management.

functioning the breakdown of tasks into steps holds priority.

Managing time at work is most effective when a person is managing their task one at a time. It needs lots of special

The motivations of getting to achieve a certain task in the

attention, dedication and more focus. What’s more fruitful is

desired time management needs the fruitful strategy of

that you don’t let the small tasks interrupt the big ones.

breaking tasks into steps. What’s important is taking consis-

Hence, eliminates interruptions which is necessary to move

tent actions as actions speak volumes. Similarly, it’s best to

forward.

create practical deadlines. Everything should be planned even if you have to achieve your tasks step-by-step.

2. Set Reminders: Determining what is important for time management, setting up regular reminders is the need of the

5. Get More Organized: Putting more emphasis on getting things

hour. Making short term plans will definitely enhance your

organized is another important element in achieving the ‘Time

professional visions.

Management’ milestones. This includes the synchronization of work, organizing things on a daily basis and putting important

It’s just like managing a project while having a strategy in

dates in a calendar. Being more organized you need to keep

mind. Setting reminders helps in task management that is

a to-do list. Another significant aspect of getting things more

helpful in achieving goals. Time management and setting

organized being mentally organized and also being fit for

reminders is not only important for work scheduling but trains

work as targets achievements needs more determination.

you to the finish line. Time management needs determining work patterns while you keep setting reminders and keep

6. Remove The Distractions: Putting more concentration at work,

triggering yourself.

you need to remove the distractions and move in an aligned manner. Have a clear mind before you start your day, as you

3. Only Focus on What Matters: Managing time everyday can be

don’t want to waste your time on unwanted thoughts. As a

hard, however, with focus things can be different. How it

regular practice clean your workplace regularly or especially

influences ‘Time management’ is the question, simple answer

your desk and keep sorting things with your work station. For

is, it trains your brain automatically.

concentration think inside closed doors. Going an extra mile so that you can keep pondering on your future agendas is like

Focusing on what matters will help you in taking calculated

a positive thought process.

risks that are necessary. 7. Planning Your Day: Planning is always an integral element in In a skill development program it’s not only wise to realize that

determining what you need and how you want to accomplish.

your determination depends on your focus. Focus always

Task accomplishment is a necessity and planning your day

makes you realize what’s lacking in your pathway in form of

means huge business for you in the rest of the day.

obstacles. Secondly it gives you a huge motivational attitude and a 4. Break Tasks into Steps: Breaking tasks into steps significantly

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

positive boost for the future. It helps in the monitoring and

MBE BUSINESS MAGAZINE JUNE / JULY 2020

control and helps a great deal in financial matters. People

are, however the successful ones should keep an eye on their

prefer planning to save their time and energy so that they

weaknesses.

know every step. 10. Check The E-mails Only Two Times A Day: A Good approach for 8. Write Down Your Priorities: Prioritize your tasks for better results

managing your e-mails and having more authority at your

and hence activating your energy levels and making realistic

work place. For a better time management and activity

priorities. Listing down makes things easy and clearer in your

management, it has been known as a good activity as it

head. Making priorities means you know what’s more

keeps you more organized. Hence, time management gets

important for you, as in business or at work your accomplish-

better when you are more focused and you set yourself how

ments are the key determinants. It also is a factor that makes

many times you would see e-mails at your work 9-5.

your more organized and target oriented. 11. Having Breaks and Refreshing Your Mind: Having regular breaks is 9. Make a “Stop-Doing” List: For the sake of effective time manage-

good for the concentration and focus. According to a survey,

ment most people prefer making a “Stop-Doing” list. It is also

an average concentration mind is 50-55 mins, therefore, a

the best way to encounter bad habits and to keep a healthy

person needs the mind refreshing in form of a break. It’s

environment at work. It’s important to make an analysis of

similar to fueling your car after constantly driving on a

your growth or your business growth for future analysis.

highway. Breaks are part of the time management and gives you positive energy to tackle difficult situations. It also

Attaining your desired benefits in a convenient way is what

increases the motivation level, increases the focus and gives

you must always look for. Everyone know what their strengths

you regular intervals of mind refreshing.

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

Why Toronto’s Real Estate is one of the most Expensive in Canada? DIGITAL MEDIA MARKETING MB Enterprises Toronto is the Canadian hub of

proved to be one of the most exciting

2017- A PAST REVIEW OF THE MARKET

commerce, industries, global trade,

markets for investors. Saw a very

BEHAVIOURS:

communications, academics,

sharp spike, or one can call it a twist

While we take ourselves in the past,

transport and finance. The growth

in the tail i.e. in 2016-17, saw buyers

e.g. 3 years back. The real estate

Toronto has seen especially in last 30

getting priced out of the market. The

market at that time was beyond crazy,

years has been phenomenal due to

city continues to keep rebounding and

and according to an article the

rise in infrastructure and immigrations.

not really seeing the bubble burst.

average sales price jumped to a huge

It has been the Centre point for people

33% from 2016 which is a mega

or the point of attraction for most

As 2018 arrived, the exuberant city

fluctuation. Similarly, the average cost

people coming to Canada for studies

saw dips and a huge slowdown in

of a detached home, luxurious and

and work purposes. Even people from

purchases. Especially in the early

excellent for living, reached a startling

nearby towns and smaller cities e.g.

months highly affecting the previous

$1.6 million in Toronto’s downtown’s

Brampton visit Toronto for fun, or

year’s figures. As spring came, it saw

most desirable neighborhoods. The

usually work in Toronto while living in

the natural rhythm of the real estate

markets were definitely highly suited

suburbs.

market return back. However, now

for new investors with potential

Toronto is known as the most overval-

profitability margins being significantly

The real estate since many years has

ued cities in the world. There are

on a high side.

shown a growth with commercial and

many factors and reasons that have

private property rocketing sky high.

contributed a huge deal to the city’s

However, as we go deep into 2017

The Toronto’s real estate market has

high housing prices.

stats we find that these results were

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

MBE BUSINESS MAGAZINE JUNE / JULY 2020

limited to downtown Toronto, but by

are three factors that are underpinning

Finally, we can make assumptions

the year moved forward reached the

competition between the buyers.

that Toronto housing price growth rate

suburbs as well. Despite the prices,

These are a steady population growth,

will continue as long as the interest

amazingly the demands continued to

a low unemployment and lower

rates remain low. More businesses

rise and hence the number of listings

borrowing costs. Hence, these factors

move to the city Toronto, from other

declined.

are resulting in the price increases

cities and the suburbs, hence,

and has been a huge contribution to

providing more jobs and opportunities

the real estate markets in 2020.

of work. A higher number of amateur

WHAT ARE THE â&#x20AC;&#x2DC;2020â&#x20AC;&#x2122; PRICE DRIVERS? The difference that was significantly

investors continue to buy up Condos

seen as compared from 2020 to 2019

LOWER INTEREST RATES:

and all the above factors play their

were in the low rise market segments.

Lower interest rates are a positive

roles in terms of the inventory. The

This trend was highly observed by real

factor for the consumers, however,

role is highly important for results, i.e.

estate experts with regards to the

there are questions that needs to be

to keep inventory levels low.

detached houses. Accordingly, the

asked about the real estate markets.

buyers who were on the sidelines with

More interest rate cuts are expected

There are serious challenges in some

the reason being OSFI Mortgage

to happen due to the weakening

housing markets and authorities are

stress test are returning back to the

Canadian economy. This should

pushing for housing affordability for as

market after a positive sales growth in

definitely make more openings into

well as increase in housing supply.

the detached segment.

the Toronto real estate markets for the

This is both for buyers and renters.

buyers. More buyers means lesser

However, there is still a comprehen-

Hence as compared to 2019, in 2020

inventory. Ironically, the lower rates

sive national housing strategy that

the market conditions got a bit tighter

are not good to the markets if you are

needs to be done for a positive

and that truly resulted in stronger

a buyer.

change.

selling prices. As according to the TRREB President Mr. Collins, there

MBE BUSINESS MAGAZINE JUNE / JULY 2020

FUTURE HOUSING STRATEGIES FOR TORONTO: W W W. M B E F O RYOU. C O M

Thousands of Homes are Sitting Vacant Across Canada

DMM DEPARTMENT MB Enterprises

The number of vacant homes i.e. deserted luxury houses

Hence, the tax application resulted in a profitability margin of

have been seen on the rise across Canada as according to

almost Thirty million dollars in its first term since it was

real estate analysts. As according to demographics statistics

applied.

Canada from 2006 to 2016, a period of a decade. The Canada’s empty homes are almost 9% of the market. This

Vacant properties are a liability for a Govt. and not a good

has increased from 8.4% in 2006. Hence, this is huge as

scenario for real estate professionals and the community. It

compared to the US markets, a country higher in population

also effects the population count, the census and also the

and population density. In the United States the vacancy rate

population density figures which is already too low for a

never climbed more than 3 % during the same period of a

country of the size of Canada.

decade. It can also bring safety issues in the regional community, a Canada’s real estate problems are rising and high vacancy

primary issue in Canada especially where migrant’s popula-

rates is one of the problems that have been rising since last

tion is on a high.

few years. It is primarily because of the affordability issues that has been on the increase and most houses are taken as

HOUSING ISSUES IN TORONTO- ONTARIO:

rentals for a short term. Other culprits are the investor’s

In Toronto, the percentage of the vacant homes is 66K, the

speculation and short term rentals i.e. a period of 6 months to

highest in Canada, and the main reason behind that is a rapid

1 year contracts behind high vacancy rates. These trends

rise in prices. Toronto figures of rentals property changed

have been seen in Ontario and British Columbia mostly. The

very fast from 2017 to 2019, bringing Toronto in the list of one

two cities precisely being Vancouver and Toronto, especially

of the most expensive places to live in North America.

Toronto as it is one of the most expensive cities in terms of real estate prices.

However, Toronto had a decrease in vacancy rates after 2016, citing -4.7% over the span of a decade. In 2017, the

According to the reports almost 66K homes are sitting empty

Toronto City Council came up with the suggestion of vacant

in Toronto alone and approximately 64K homes are vacant in

home taxes, similar to that applied in Vancouver city in 2018.

Montreal, Calgary. The capital city Ottawa and capital of

This was mainly to address the housing affordability crisis

Alberta i.e. Edmonton each have at least 20K vacant proper-

and bring useful reductions in vacant property in Ontario’s

ties. A key city of Province British Columbia, i.e. Vancouver

Capital city. The city chose to do a public consultation on the

has almost 25K vacant homes.

decision of application of vacant home taxes. The decision has not yet been made, however, apart from that tax the

FINDING A SOLUTION TO VACANCY PROBLEMS:

City’s council has imposed a 4% MAT. It stands for Municipal

The main reason behind the rise in vacancy rates are market

Accommodation Tax and it is applied on all hotels in Toronto

fluctuations and short term rentals as discussed above. A tax

as of April 2018. It also included short term contracted rentals

system on empty property can easily bring reductions in the

after 1st June, 2018.

amount of vacant properties. This has been practiced in 2018 in Vancouver City as an effort to reduce the vacancy rates.

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

Apart from the MAT the Ontario Govt. has also designed a

MBE BUSINESS MAGAZINE JUNE / JULY 2020

sixteen-point plan to address housing issues in Ontario. This

In Ontario only according to stats fourteen cities experienced

includes the capitalâ&#x20AC;&#x2122;s real estate affordability and problems on

a significant drop in vacancy rates. The report of 2016 states

the rise because of vacant properties.

that sixteen of the fifty-two largest cities in Ontario province only achieved a vacancy rate of 3% only as of 2016. This is a

HOUSING FORECASTS IN CANADA FOR THE NEXT DECADE:

good news for the affordability of homes in Ontario for rentals

According to the housing statistics from 2018 to 2020 forecast

and buying both.

horizon, there are forecasts that prices to slow down gradually. These are forecasts for the next decade especially in Toronto and Vancouver, the affordability issues shall be addressed via taxes similar to MAT and Applied Vacancy tax. This is a message especially for the owners to make sure property is not left vacant keeping in mind the legal considerations. The forecasts are also highly dependent on the demographics in next decade according to a report from the CMHC, i.e. Canadaâ&#x20AC;&#x2122;s Mortgage & Housing Corporations. CMHC is an organization that addresses the housing and mortgage issues in Canada and also deals with statistics for future trends and market behaviors.

MBE BUSINESS MAGAZINE JUNE / JULY 2020

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

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104-100 Dynamic Drive, Toronto, ON M1V 5C4 200 Consumers Road, Suite 100, Toronto, ON M2J 4R4 (416) 939-9378 (416) 497-5949 www.mansoornaqviteam.com

SYED BAQAR KAZEMI

SALES REPRESENTATIVE