Broadening the scope of the business footprint

Kent Kaufield of EY talks about why its important to embrace change and the technology that drives that change

Broadening the scope of the business footprintKent Kaufield is EY Calgary office managing partner and energy managing partner. What are the main services EY offers to companies and businesses? Kaufield: We’re a professional services firm, which means we traditionally get grouped in the same bucket as auditors and accountants. We do that work and we love doing it, but how we…

Can we avoid another financial crisis?

We need to embrace intangible assets. And the lending world and investors need to free up funds to support intangible creators

Can we avoid another financial crisis?Could intangibles help avert the next financial crisis? Yes. And they'd better, because the train of global prosperity is about to jump the track and intangible assets are the only possible salvation. Today's headlines are depressing. There's a constant stream of negativity led by U.S. President Donald Trump's assault on the North American Free Trade…

Was the 2008 financial crisis exacerbated by official misjudgment?

Countries as disparate as Ireland, Iceland and Greece showed that misplaced financial exuberance has many pedigrees

Was the 2008 financial crisis exacerbated by official misjudgment?We were on a train from London to Edinburgh when the financial crisis erupted in September 2008. The newspaper headlines were downright lurid and the detailed stories provided little comfort. A financial catastrophe was about to descend on all of us. As relatively recent retirees, we felt particularly vulnerable. There’d be no time or opportunity…

Does reading financial statements scare you?

Knowing how to read your monthly report card is essential for keeping your business profitable

Does reading financial statements scare you?My brothers and I would sometimes get into trouble, both at school and at home. Though we generally had good grades, my mother would always make a point of reading our report cards as soon as we brought them home. Walking home from school on that warm day in June, when I was in Grade…

BMO launches loan program to help young farmers

‘We see a need for programs and incentives to attract and support younger Canadians into the sector’

BMO launches loan program to help young farmersBMO Bank of Montreal has introduce a new loan program to support young Canadians in agriculture. BMO says the program is a first for a Canadian chartered bank. The bank said the BMO Young Farmer Program offers loans of up to $1 million in an environment where the total number of farm operators in the…

Empowering, advancing female leaders in the energy industry

Katie Smith of Young Women in Energy aims to increase and provide female voice, presence, development and leadership in the industry

Empowering, advancing female leaders in the energy industryKatie Smith is executive director at Young Women in Energy. Calgary’s Business: What is Young Women in Energy and can you give us some background on why and when it was formed? Smith: Young Women in Energy (YWE) is a non-profit organization established in 2013 with the vision of changing the face of energy. Now…

The upcoming human capital revolution

Despite fears about artificial intelligence taking jobs, people, ideas and innovation will grow in importance as the century unfolds

The upcoming human capital revolutionThe 21st century is going to be very different. If you're in business, a knowledgeable and skilled workforce will be essential. Despite the fears about artificial intelligence taking jobs, people, ideas and innovation are becoming more important as the century advances, not less. It’s now obvious that we live in a largely digital, technology-driven knowledge…

Canada needs a bold response to U.S. business tax cuts

Reducing corporate taxes doesn’t distort economic decisions or add complexity to the tax system. It does spur the economy

Canada needs a bold response to U.S. business tax cutsBy Charles Lammam and Brennan Sorge The Fraser Institute According to a recent statement by Finance Minister Bill Morneau, the fall federal budget update will finally outline the government’s response to major business tax changes by the Trump administration in the United States. Unfortunately, Ottawa took a long time to even acknowledge we have a…

Banking on intangible assets to build your business

Recognizing and capitalizing intangibles is the key to opening new financing opportunities for SMEs

Banking on intangible assets to build your businessIt’s commonly accepted that banks can’t finance small to medium-sized enterprises (SMEs) these days. Many SMEs lack the traditional collateral grade assets and/or reliable cash flow that banks need to write a commercial loan or extend a working line of credit. Regrettably, lack of bank financing forces many emerging companies to turn to alternative capital…

How Facebook failed its users and its shareholders

Corporate reputations are valuable assets that, in the socially-connected world, need serious risk management strategies

How Facebook failed its users and its shareholdersNothing in modern business history illustrates the importance of relational capital – or the vulnerability of corporate reputations generally – as the recent collapse in the Facebook share price. In a single day, Facebook (FB) lost nearly US$120 billion of market capitalization. This represents the biggest one-day fall of a major public company in history.…
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