Source: La Presse
A plunge into the abyss of Washington tax affect particularly energy companies and Canadian mining as a slowing U.S. economy would lower the prices of base metals and oil analysts have said Wednesday.
Cyclical sectors would be most affected if ever U.S. lawmakers failed to agree in order to avoid tax increases and spending cuts that have come into force automatically next year south of the border, has says Paul Taylor, chief investment officer of equities at base BMO Asset Management.
“We are very dependent on energy and materials which are, of course, nearly 50 percent market share in market value,” he said.
“And with the United States in idling (…) we should expect that the prices of base metals and oil we depend so be adversely affected, and they (the cyclical sectors) would suffer certainly a bit, “he added.
This risk assessment by the Bank of Montreal occurs while a Sun Life survey suggests that 63 per cent of Canadians are concerned that the country’s economy suffers if no agreement is reached.
Mr. Taylor noted that the Canadian economy is currently satisfied to move forward on tiptoe and a recession in the United States enough to stumble Canada.
The country’s economy in the third quarter annualized growth of 0.6 percent, much lower than that expected many, including the Bank of Canada.
Statistics Canada also revised downward the result of the second quarter respect to growth rose to 1.7 percent, down a notch.
“This could be the straw that breaks the camel’s back and send the Canadian economy into recession,” said Mr. Taylor talking about the fiscal precipice.
“For this reason, it is important in regard to the Canadian economy,” he added.
However, Jack Ablin, chief investment officer of BMO Harris Private Banking, said that the absence of an agreement at the end of the year does not necessarily translate to a fall in the fiscal precipice.
“It is possible that we can continue to negotiate once passed on December 31, and the economy is not necessarily destined to fall into recession,” he said.
The Sun Life survey was conducted among a sample of 1277 Canadians. A sample of this size has a margin of error of plus or minus 2.7 percentage points, 19 times out of 20.
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The Commission of Inquiry into the provision and management of public contracts in the construction industry enters the heart of its work this fall. Its mandate is broad: to shed light on the tricks of infiltration of organized crime in the construction industry, uncover collusive practices in the awarding of public contracts and establish possible links between the funding of political parties and the awarding of these contracts.
According to the schedule, the President of the Commission, France Charbonneau, a judge of the Superior Court of Quebec, should submit its report on 19 October 2013.
- 2 commissioners will support France Charbonneau: Renaud Lachance, former Auditor General of Québec, and Roderick Macdonald, Chair FR Scott Constitutional and Public Law, McGill University.
- 14 people or organizations have received the Commission the status of participants or stakeholders, which gives the right to examine witnesses against.
- 11 police officers or specialists organized crime department of the Commission.
- One former journalist acting as an investigator of the Commission: André Noël, former reporter at La Presse.
- 1650 calls, emails and letters received by the Commission from people who wanted to report a situation or transmit information.
- 14600000 - Budget Commission (the Commission Bastarache, the process of appointment of judges,
- cost about $ 5 million, and the Gomery commission on the sponsorship program, more than 32 million).
- $ 350 - hourly wage of chief prosecutor of the Commission, Mr. Sylvain Lussier.
- $ 270,000 - Salary of the President, France Charbonneau.
- 1.7 million - Cost of construction of the courtroom in downtown Montreal.
- 251 journalists and media technicians accredited for the work of the Commission.
They are the rising stars of Québec inc. They create jobs shovel in Montreal, Quebec or Magog. They hunt for customers in Shanghai, Moscow and Paris. They multiplied by 5, 10 or even 25 the size of their business in just five years.
For the 18th consecutive year, L’actualité is proud to partner with Profit magazine to present the annual list of the 20 Leaders of the growth of Quebec.
This year, no fewer than 11 companies are entering the rankings. Here is the story behind their success.
1. 5N Plus (New rank)
The metal man
With a turnover of 25 times from 2006 to 2011, the specialty metals producer 5N Plus is the leading ranking of the Leaders of the growth in 2012. Life champion is far from easy.
In a hotel room like in the movies
Louis-Philippe Noël, president InnVue is probably one of the few people to rejoice rainy summers.
They play in the “traffic”
NVI love the “traffic”. Internet, that is. Since 2005, the Montreal-based company has a single goal: to increase the number of visitors to the Web sites of its customers. And things are going quite well, thank you!
Architects of the Web
In the offices of Adviso, no drawing board, not square. But this does not prevent Jean-François Renaud, founder of the company, to see a little bit like an architect.
In redeem, data!
Nothing makes Mario Bouchard happier than to see people download applications on their smart phone, send and receive messages via email, Facebook, Twitter … especially when they are in the office!
6. Taimma Communications (New rank)
Medical courses for all
He will come a time when medical students will not have teachers or classrooms? It’s anyone’s guess when navigating in multimedia applications Taimma Communications.
7. Advantage Plus (New rank)
Customers, yes, but not too much!
When Louis Lachapelle launched its business painting made by students at the age of 22 years - “with the air to be 14! “- He knew nothing about this area. Same thing when he expanded his services to the general construction.
It transforms the Mac into cash registers
Seven years ago, Dax Dasilva was a salesman in a shop Mac Montreal. Today, thanks to software that has been developed, it brews business in 39 countries!
9. C3F Consultants (New rank)
Follow the wire!
Looks like a maze game: where to go to connect through a wire between two buildings which are houses, shops, office towers and streets? The answer is gold for customers C3F Consultants, including Videotron, Rogers and Telus.
10. RobotShop (New rank)
The Amazon robotics
The first robot that Mario Tremblay created in the early 2000s, almost had the skin of her pussy so he was successful: the “cat detector” chasing the little beast when he noticed his presence!
11. Centris Technologies (New rank)
Brains for robots
Six years ago, Michel Kakos had to borrow money from his mother to live. Today, his company is pocketing profits of nearly half a million per year and has prestigious clients such as Bombardier, Alstom and STM.
12. H2O Innovation
Water for all
Frédéric Dugré is 26 years old in 2000, when seven people died after drinking contaminated water in the small Ontario town of Walkerton, Ontario.
13. Borealis (New rank)
Awareness of mining
For employees of Borealis, a software design is not just to cogitate at a keyboard. It is also to drink camel milk in the Gobi desert, a wedding or cycle Ghana in cocoa fields …
14. IWeb Group
They host the world
IWeb CEO Eric Chouinard, followed by the hour the Jasmine Revolution in Tunisia and the earthquake in Japan earlier this year.
15. Slide Design (New rank)
They dusting museums!
A climbing structure shaped lasagna, a giant slide colored Corian, a material more readily imagine that on a kitchen counter, a table game filled with water, which reproduces the phenomenon of condensation … A museum signed Toboggan Design is anything but boring!
16. Libéo (New rank)
Free … and paying
Imagine a contractor who would build houses from materials free of charge. It’s a bit what Libéo, Quebec, which offers a variety of web services (including web design) using free software - read: free.
17. Bandzoogle (New rank)
Showcase for musicians
Nobody has ever seen Bandzoogle offices, because there is none! The founder Chris Vinson, 34, works in his home in Hudson, President, David Dufresne, 36, in Montreal, and the other team members also work at home, Quebec, Canada, England or California.
Soldiers well protected
Child, Jonathan Blanshay was, like many boys, impressed by the military.
Managing a computing service is more complex than ever there is this variety of software, hardware to integrate security challenges, difficulties in recruiting qualified personnel … No wonder so many businesses choose to entrust the management of their IT service to an outsourcer as FXinnovation, a company founded in 2002.
20. Innobec Technologies (New rank)
110, rue Jean-Talon West. It is in this old building anonymous former textile factory in Little Italy in Montreal, that activates one business software development the most successful Quebec.
Karsten von Wersebe is not in this top this year!