Increasing Number of Canadians Hesitant to Invest, Even in Housing

Investor sentiment at its lowest level since the financial crisis: Manulife poll

TORONTO, Ontario February 15, 2016  Canada News Wire - Manulife's Investor Sentiment Index has dropped to +16, the lowest point since the financial crisis when the index hit +11; the all-time high was +34 reached in 2006. Along with eroding investor sentiment is the feeling among Canadians that they are in a worse financial position than they were two years ago (26 per cent).

Canadians are increasingly viewing housing as a less attractive investment having dropped three points in the last year. The two largest drops were in British Columbia(13 point decrease since November 2014) and Ontario (decreased six points in the same time period). Canadians are also less likely to prioritize investing in their home in the near future (falling five per cent in the last six months). 

"Canadian investors are facing a long list of uncertainties, including tremendous volatility in both oil prices and the value of the Canadian dollar. The outlook should become more clear over the course of 2016," said Frances Donald, Senior Economist, Manulife Asset Management. "What is most interesting from the survey is the ongoing decline in the Canadian appetite to invest in their own home." 

In the last six months, Canadian investors lost confidence in mutual funds (down eight points), ETFs (down seven points), and balanced mutual funds (down seven points, the lowest it's been since 2011). Fixed income stayed the same (+3 on the index).

Index Ranking Across Canada

Investors in Ontario and the Atlantic provinces were the most optimistic ranking +20 on the index. Quebec ranked lowest at +9 and Alberta ranked second lowest at +14 (dropping five points since May 2015 and 11 points since November 2014).

Cash Preference by Province

Investors in Ontario (+20 points), Atlantic Provinces (+18 points), and British Columbia (+10 points) prefer cash. Albertans are focusing on their homes and then cash for investment purposes. While Investors in Quebec (-5 points) believe that now is a bad time for cash.

Interest Rates 

Almost half (48 per cent) of Canadians believe that interest rates will stay the same for the next 12 months. While 77 per cent of Canadians say interest rates will not have an impact on their investment strategy.

"The Bank of Canada has been suggesting that interest rates are on hold or may even fall further over the coming year,"  said Donald. "Yet, interestingly, 40 per cent of Canadian investors still expect interest rates to rise, highlighting the ongoing uncertainty around the interest rate outlook."

Online banking activities

In a new line of survey questions, 82 per cent of Canadians used an online channel to manage their finances. And affluent investors are more likely to go online to access financial services and look after their finances (94 per cent). Desktop and laptop are still the most common tools to manage finances online (90 per cent of Canadians on average); however Canadians are more likely to use a smartphone to deposit funds to their accounts (36 per cent). Just under half of Canadians (47 per cent) still feel it is unsafe to bank on their smartphones.

The most common online financial activity for investors is checking the performance of their investments, 75 per cent doing so at least once a month or 34 per cent doing so weekly.

For more information and historical data, visit Manulife.ca

About the Manulife Investor Sentiment Index

Now in its 16th year, the Manulife Investor Sentiment Index is a semi-annual measure of investors' views on a range of asset classes, and savings and investment vehicles, as well as their confidence in these areas. The general population data is representative of all Canadians and is based on an online survey of 1,001 respondents who were at least 25 years old. Data from affluent respondents was compiled from an online survey of 1,251 respondents who were household financial decision-makers 25 years and older, with a household income of at least $75,000, and investable assets of at least $100,000. The survey was conducted in December 2015 by Environics Research. 

About Manulife

Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions.  We operate as John Hancock in the United States, and Manulife elsewhere.  We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions.  At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers.  At the end of December 2015, we had $935 billion (US$676 billion) in assets under management and administration, and in the previous 12 months we made more than $24.6 billion in benefits, interest and other payments to our customers.  Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years.  With our global headquarters inToronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.  Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.

SOURCE Manulife Financial Corporation

Everything You Need To Know About How Prescription Drugs Are Delivered

TORONTO, Ontario February 12, 2016 Canada News Wire - Canadians presented almost 600 million prescriptions to more than 9,000 neighbourhood pharmacies in 2015. Each and every medication dispensed passed through hundreds of checks and balances as part of a finely tuned distribution system—where the rules constantly evolve in the face of growing prescription volumes as well as innovations in treatment.

To understand that system and its evolution, a new educational program recently became available in Canada. Entitled "Pharmaceutical Supply Chain: A Comprehensive Introduction," the three-day course at the Schulich Executive Education Centre at York University, Toronto, maps out the regulations and realities that are unique to pharmaceutical distribution in Canada. Instructors bring decades of personal experience, representing distributors, pharmaceutical manufacturers and pharmacies.

"I really liked the fact that it was an end-to-end overview of the pharmaceutical supply chain," says Anna Zahedi, manager of pharmacy procurement at Shoppers Drug Mart and a student of the inaugural program in October 2015. "The question and answer periods were also really important to me. There was a great knowledge base to draw from."

It's Canada's first supply-chain program dedicated to pharmaceuticals, says David Johnston, president and CEO of the Canadian Association for Pharmacy Distribution Management, which helped the Schulich Centre develop the curriculum.

The degree of regulation in this country has created "one of the best pharmaceutical distribution systems in the world," notes Johnston. As such, people in the industry need to keep pace with constant change. "Regulations are increasingly intense and need to be adapted, in part because pharmaceutical products, such as biologic drugs, are more complicated. Even a tiny mistake can destroy a $25,000 medication."

"This course addresses a need that the pharmaceutical industry has had for quite some time," says Mark Thomas, program director for supply chain at Schulich. "It's for anyone in health care, or serving health care."

It's also good for business. "Organizations are more productive when everybody is speaking the same language and has a common understanding of how things work," says Thomas.

Dan Lang, national manager of quality assurance and regulatory affairs at Matrix Logistics in Moncton, New Brunswick, agrees. "I see the value of this course for senior managers, or people stepping into this industry, to understand the intricacies imposed in pharmacy distribution, and to understand why certain decisions are made."

At Auro Pharma Inc. in Woodbridge, Ontario, supply chain executive Arif Ahmad was able to take his learnings one step further. "I came away with ideas for inventory management, and we've since improved service levels. The content was practical and hands on."

More details on the course, scheduled for March and November this year, can be found at http;//www.schulich.yorku.ca  A second three-day module, which delves deeper into supply-chain operations, is also under development and expected to be available before the end of the year.

The Trouble With Canada Post - One Size Does Not Fit All - Report

CALGARY, Alberta - February 11, 2016 Canada News Wire  - The explosion of electronic communication has caused Canada  Post's lettermail volumes to plummet, with no relief in sight. 

E commerce parcel deliveries are on the rise, but not nearly at the  rate necessary to offset the decline in lettermail, and there are many competing private courier companies.

Meanwhile, Canada Post's plan to end the remnants of door-to-door  home delivery has halted in light of the new Liberal government's  promise to maintain the service. The extraordinary disruption that electronic media has caused to the model of state-owned postal services, with their mandate to provide universal delivery, is dire.

In a report released today by The School of Public Policy and author Philippe De Donder, there are viable solutions to help Canada Post succeed. They include:

-  One size does not fit all - charge varying rates (capped at a maximum) based on the type of sender, volume and how far the letter has to go.

-  Outsource certain upstream operations, like sorting facilities, to further reduce infrastructure and labour costs.

-  Introduce competition in the collection, transport and sorting of mail.

-  Charging for delivery to your door.

Is immediate privatization the answer? Not necessarily. According to the report 

"The burden of universal service obligations in a country as expansive and minimally populated as Canada is, could make it difficult for the government to realize appropriate value in selling Canada Post. But if the Liberal government intends to help Canada Post endure in this environment, it should allow the corporation to introduce some basic elements of competition and market-based reform." 

The paper can be downloaded at http://www.policyschool.ucalgary.ca/?q=research

SOURCE The School of Public Policy - University of Calgary 

TVO On The Road Brings The Agenda with Steve Paikin To Guelph Sunday, March 6, 2016

TORONTO, Feb. 8, 2016 /CNW/ - TVO's flagship current affairs program The Agenda with Steve Paikin is coming to Guelph as part of TVO On The Road. Members of the public can register for free tickets to be part of the audience at the recording of two programs that take an in-depth look at issues affecting the region. The first program, Ontario's Food Sustainability, focuses on Ontario's food security and is related to TVO's Food Chain narrative theme which looks at the how, where and why of food. The second program, What Ontario Can Learn From Guelph, examines how Guelph has become a leader in employment and jobs growth in the country. The program is part of TVO's The Next Ontario narrative theme looking at the forces shaping the future of the province.

TVO will also hold a public reception between programs hosted by Peter O'Brian, TVO's Chair of the Board of Directors, and Lisa de Wilde, TVO's Chief Executive Officer.

What:	TVO On The Road in Guelph
Why:	Recording two programs of The Agenda with Steve Paikin
When:	Sunday, March 6, 2016 1-5 pm
Where:	University of Guelph, Summerlee Science Complex, Atrium Wing 488 Gordon St,  Guelph, ON, N1G 1Y2
How:	Register for free tickets by visiting tvo.org/article/about/tvo-on-the-road-visits-guelph

The Agenda with Steve Paikin is sponsored by the Chartered Professional Accountants of Ontario.

About TVOAs the technological extension of Ontario's public education system, TVO's vision is to create a better world through the power of learning. TVO provides learning opportunities for Ontarians through innovative educational products, in-depth current affairs, groundbreaking documentaries, and award-winning TVOKids resources both inside and outside the classroom. TVO is funded primarily by the Province of Ontarioand is a registered charity supported by sponsors and thousands of donors. For more information, visit tvo.org.

The International Peace Garden

by Gladys Chapman
from  Esso's Happy Motoring Vol 14 No 3 1953

Put your finger on the exact centre of the map of North America. Then move it 30 miles north on Highway No. 10.

Here, astride the International Border between Dunseith, North Dakota, U.S.A. and Boissevain, Manitoba, Canada stands a cairn that commemorates not only a dream, but the friendship of two nations that have been at peace for over 135 years. It is a "token of mutual determination to co-operate in every way to the achievement of lasting world peace".

While the nations of Europe and Asia were working themselves into a fever that would end in a world-shacking war, a large crowd met one hot July day in 1952 for the dedication of a project that would open to the people of Canada and the United States the International Peace Garden.

The idea was born in the mind of an Ontario gardener. "Why not", he said one day while returning from a meeting of Canadian and American gardeners, "have a peace and friendship garden  right on the border, so that people on both sides can enjoy it?"

After two years of searching for the right spot, and negotiations on both sides, something tangible materialized. The Government of North Dakota added 900 acres of gentle hills and fertile farmlands to the approximately 1,280 area of rolling wooded forest reserve of the lovely Turtle Mountain area given by the Government of Manitoba "for as long as the Peace Garden continued" the Peace Garden was started.

In the third year after the inception of the idea, nearly 50,000 people met to dedicate the cairn built of stones from both sides of the border and to repeat the vow imprinted thereon:

"TO GOD IN HIS GLORY"

WE TWO NATIONS DEDICATE THIS GARDEN AND PLEDGE OURSELVES THAT AS LONG AS MEN SHALL LIVE WE WILL NOT TAKE UP ARMS AGAINST ONE ANOTHER.

Visit the website at:   http://www.peacegarden.com/       

Safe Food Canada - The Learning Partnership receives federal funding of $850K to enhance food safety nationwide

Not-for-profit organisation changing the Canadian food protection landscape

MISSISSAUGA, Ontario, July 2, 2015 /Canada NewsWire Telbec/ - Safe Food Canada - The Learning Partnership (SFC), a not-for-profit organisation made up of leaders from the Canadian food industry, government regulatory bodies and academia all dedicated to the creation and coordination of food protection learning partnerships, receives $850,000 in federal funding.

This Tuesday, Member of Parliament for Mississauga-Streetsville Brad Butt announced this support on behalf of the Honorable Minister Rona Ambrose, from the Canadian Food Inspection Agency (CFIA) Federal Assistance Program (FAP).  Having invested over $517 million between 2008 and 2013 towards food safety initiatives, the Canadian Government again is signalling that food protection is top priority.

Through learning partnerships, SFC aims to develop and deliver a competency-based food protection learning framework so that all food businesses and regulatory authorities can ensure that learning and training that pertain to food protection will be consistent and certified.

Dr. Michael Trevan, the Chair of Safe Food Canada and Head of Department of Food Science at the University of Manitoba, confirms that the idea of a common competency-based learning system has been discussed for years now and that the support from federal funding will surely pave the way for the food industry to step up and do the same.

Brian Sterling , current Managing Director of the Global Food Traceability Center,  will take his position as President and CEO for Safe Food Canada on August 1, 2015.  Mr. Sterling says:

"For years, industry and regulators in Canada have been expending significant time and money on a wide range of disparate learning programs and events. This has led to duplication and increased costs for both public and private organisations. Safe Food Canada will be a public-private partnership with the vision and means to become the focal point for creating a comprehensive, competency-based food protection learning system that will benefit all Canadians."

Taking a closer look at food safety and corporate culture, a peer-reviewed article was published last year by the Royal Society for Public Health. In her article, co-author Lone Jespersen who sits on the SFC Board of Directors and is Director of Food Safety Strategy at Maple Leaf Foods, upholds the following:

"We have to become successful in reducing and ultimately eradicating food borne illness in the food supply and can only do so if we are able to effectively focus on the most critical food safety risks, at the right points in the supply chain, with the necessary level of technical and social rigour."

SFC works with its US counterpart, the International Food Protection Training Institute (IFPTI). Together, they forge a Canada-American collaboration to exchange best practices and frameworks that will harmoniously advance food protection and align with global standards. 

Along with the funding announcement, Safe Food Canada announces the official launch of their new website. Learn more at: www.safefoodcanada.com.

Twitter : @SafeFoodCanadaFacebook : https://www.facebook.com/SafeFoodCanada

SOURCE Safe Food Canada (SFC-TLP)

Canada's Most Unique Festival Rolls Back into Town!

Canadian Cheese Rolling Festival Back for the Eighth Year

MONTREAL, Quebec  July 2, 2015 /Canada NewsWire Telbec/ - The Canadian Cheese Rolling Festival, one of Canada's most exciting and fun-hearted events, is back again. Hosted by Dairy Farmers of Canada, the festival rolls back into Whistler, British Columbia on August 15, 2015 from 12 noon to 4 p.m. Now in its eighth year, the Festival features cheese rolling races, a costume contest, cheese tastings, and other fun activities for the whole family.

An 11-pound wheel of Boerenkaas cheese, produced by British Columbia cheese maker Natural Pastures, will be released and roll down the slopes of Blackcomb Mountain for enthusiastic and ambitious cheese lovers to chase. The first male and female contestants to make it down the hill in the final heats win! They will each take home one of the giant, coveted wheels of delicious Canadian cheese and a Whistler season ski pass for two.

"Dairy Farmers of Canada is thrilled to bring this much-anticipated Festival celebrating Canadian cheese back toWhistler," says Sandra Da Silva, assistant director, external communications, Dairy Farmers of Canada. "It's such a great family event, with activities for everyone and, of course, delicious Canadian cheese everywhere you look."

The Festival will be held in Whistler's Upper Village on Blackcomb Mountain. Free transportation to Blackcomb Mountain Base 2 parking lot will be available via the Excalibur Gondola in Whistler village. Anyone over 19 years of age can participate in the races; contestants can register on-site on August 15 at 11:00 a.m. There will be seven men's and four women's heats and the winner from each one will compete in the finals. There will also be uphill races for kids.

This year, all Festival attendees aged 19 and over are invited to come in costume for the chance to win a gift card from Marketplace IGA: $250 for first place, $150 for second and $100 for third. Other activities at the festival will include children's activities, free cheese seminars, and recipe demos with Chef Ned Bell from YUCA restaurant inVancouver. Visitors will also have the opportunity to taste and buy Canadian cheese from across the country in a Cheese Market full of delicious samples.  Vancouver native and Breakfast Television host, Riaz Meghji, will emcee the event again.

Finally, Dairy Farmers of Canada partnered with MarketPlace IGA in British Columbia to offer Canadians a chance to win a getaway weekend to Whistler, including accommodation at the Hilton Whistler Resort & Spa and a five-course dining experience at the famed Bearfoot Bistro. Visit a MarketPlace IGA grocery store in British Columbiabefore July 30^th to participate!

To learn more about the Canadian Cheese Rolling Festival and to view videos and photos from past years, visit canadiancheeserolling.ca.

About Dairy Farmers of Canada

Dairy Farmers of Canada (DFC) strives to create favourable conditions for the Canadian dairy industry, today and in the future. DFC works to maintain policies that foster the viability of Canadian dairy farms and to promote quality Canadian dairy products made from 100% Canadian milk as part of a healthy balanced diet. Visit dairyfarmers.ca for more information.

 

SOURCE Dairy Farmers of Canada (DFC)