Over half of a decade ago, resource producing countries such as Canada, and to go more specific, provinces such as Ontario and Alberta, British Columbia and more which are the main producing provinces in this country have suffered a ton of economic decline (as seen in increase of unemployment rate where 1.1 million Canadian were out of work, Gross domestic product was directly related to the decline in manufacturing rate where employment rate had fallen so drastically from 0.9 percent to 12 percent during recession and more other indications) as a result of several implication of low economic activities by their direct partner such as the United State, the Chinese Economy and the European Union.

Although the Canadian economy is said to be in the post-recession era, it is yet to be totally healed as a number of the economic events after recession still has a dangling effect on the economy. Some of those activities were the low-interest rate policy adopted in manufacturing provinces such as Ontario five years ago. These low manufacturing costs were made to encourage the manufacturer to source resource in order to aid production. Far from the objective, it rather increased borrowing and spending which has not yet made the economy better off than what it had before the recession. This is not to say, the Canadian economy hasn’t experienced rapid recovery but that the recovery is yet to have a solid ground for stay especially in Ontario where the Impact of the bankruptcy of the Leham Brothers was felt immensely.

Below are some indications of what the present economic situation in Canada looks like compared to what it was five years ago.

Gross Domestic Product (GDP) Growth Rate: The GDP which is an active indication of the productive nature of an economy to a larger extent can be used to evaluate the economic situation in Ontario Canada because it’s basically a manufacturing province in the country. The Canadian GDP has fluctuated from -0.2 in 2015 to -0.3 in 2016 and is currently growing stability at 0.4 percent in 2018. Of this 0.4% GDP growth rate, the entire economy is currently gaining stability at 2.2 percent and from the provincial perspective, the Ontario province is expected to champion as much as 2 percent.

Personal Economy: In spite of the 2% economic growth in Ontario, the personal economy is yet to recover from what we had before the recession in 2008 in that the increase in wage rate remains proportionately insignificant compared to the general growth rate in Ontario. In 2016, the average weekly earnings of an average Canadian worker grew only about 1.1 percent. And this is way below inflation, hence an individual household is still not better off in that they are only going to have a pay cut even at the 2 percent entire Canadian economy growth rate.

A typical Ontario worker is psychologically disadvantaged when his or her wage rate isn’t increasing at any percent when compared to the level of productive activities and the general economic activities in the province. This is coming from an in-depth research made by the Nano Researchers, where they associated Ontario’s workers’ psychology of wage rate to the general economic growth.

Not to wit, also in this research, among other provinces, expectations are that the Ontario workers are in high trust in the Ontario economic system. This was released after a provincial research made by the Bloomberg Nanos’ Canadian Confidence Index.

Not too conservative, below are some takeaways and future expectation of the Ontario’s economic realities.

General Increase in Prices and Job Market: The general prices of commodities are skyrocketing as the Canadian most active partner, the United States’ economy is gaining momentum. And this means strong commodity provinces such as Ontario will gain momentum. On the other hand, other oil-producing provinces such as Alberta will benefit from strong oil prices.

General Increase in Interest Rate: As the Canadian economy surges further and better, we should expect to see an increase in interest rates. And this is not limited to Canada alone but also in the United States. The averse implication of this is that the borrowing cost for business owners will increase.

NAFTA Free Trade Negotiations: Another thing that we should look out for as it will affect the general economic condition in Canada is with the free trade negotiations. Although not certain about the negotiation outcome. But if smoothly agreed upon and implemented, it will affect the economy positively and the United State will further remain an active partner of the Canadian economy.

Purchasing Power: Each unit of the Canadian dollar (CAD), will remain at 80 cents per U.S. Dollar. Hence, this will affect the purchasing power of an average Canadian worker.

The implication of all these on business owners in Ontario is that, as the general economic situation improves all over the world especially in Europe, the United States, China and more… business owners would be of great advantage of the low Canadian Dollar especially for exporting provinces such as Ontario.

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The impact of women in the business has been phenomenal over the years. Their determination, and discipline as top performing executives of reputable and known organizations have given succinctly analyzed and praised accordingly. This has given them the leap into the entrepreneurial world – seeing it as the ideal place to showcase their skills and advertently to give other women reasons to do so.

Some of the characteristics of the most successful women entrepreneur are the tenacity and clarity of purpose. This serves as the fundamental building blocks for 70% of the successful women entrepreneurs – this can be fathomed from their stories and interview session.

They all agreed that to be a successful woman entrepreneur, it is pertinent that you remain positive and focus solely on your goals, regardless of any gender discrimination thrown at you. Melissa Galt is one of the very influential women entrepreneurs who had to remain resolute and focus with the challenges she faced. And eventually, it paid off for her as she moves from her debts to a six figures in just a matter of 18 months.

Tara Gentile sojourn to the entrepreneur realm started six months after the birth of her daughter. She is arguably one of the most successful business instructors around. Most women entrepreneurs who are also successful parents clear the fears of women who are practically unsure of what would happen to their business when they attain parenthood.

They argue that the combining of these two tasks effectively would inevitably catapult your business to the next level as a woman entrepreneur. No wonder the research shows that 79% of parent women entrepreneur has an astounding success rate. This is as a result of the motivation, dedication, and improved discipline that is being injected into their business when they attain parenthood.

Though combining the parenthood and entrepreneurship is a very difficult art to master, as concentration and focus might shift to the kids. Hence, reducing the work rate and concentration level of the woman in question. This goes a long way in determining the success of the business.

The women entrepreneur with kids argued that there are times when they had to cancel business meetings and trips just to take care of the kids. These are meetings that have the capacity to boom their business, or possibly take them to the next level of their business.

As a single woman entrepreneur, your responsibilities are increased and is quite often limited towards your business. You would’ve to prioritize your schedules and stay on course with your clients.

Women, either as a single woman entrepreneur or as a parent, have contributed immensely to the development of the economy and the belief system of other women who are aspiring to be an entrepreneur. They are definitely worthy of appraisal.

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Food Service Finds Its Way in Retail

With people eating out more than ever these days, the retail – food concept is growing in popularity. Stores like Saks Fifth Avenue and Hudson’s Bay have added restaurants to appeal to customers. You will also see more and more pop-up eateries showing up in office buildings, outdoor markets, and shopping centers.

Growth of Queen Street West

Toronto’s ‘ Queen st West’, Canada’s coolest retail street, is expected to grow during 2017. While retail growth is expected to be down this year, this area will continue to flourish. Two U.S. retailers will be making their Canadian debut on this trendy street very soon. Customers are predicted to travel from around the country for experience.

Luxury Retail

Toronto will be home to some of the luxury retail growth. Brands such as Hermes, Chanel, Christian Dior and Moncler are all slated to open new locations, while Prada is planning to expand their current store.

Although the growth of the retail industry may be slower this year, there are still plenty of exciting things happening in the Greater Toronto area.

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Vancouver experienced a similar trajectory in its housing market, ultimately leading to intervention on the part of the B.C. provincial and Canadian federal governments, steps that some observers were suggesting could prove necessary in Toronto’s current context.  David McKay, head of the Royal Bank of Canada, said of the price growth in the Toronto market, “That’s concerning. That’s not sustainable.  Therefore, I do believe we are now at a point where we need to consider similar types of measures that we saw in Vancouver.”

Vancouver’s housing market cooled after British Columbia’s government levied a fifteen percent tax on foreign housing purchases in Vancouver and Ottawa tightened mortgage lending requirements.   Some think that similar measures may be best for Toronto, with the  hottest market since the 1980s.

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