‘Good Hires’ Are Hard to Find in Canadian IT Departments

A company is only as good as its employees, and if they don't have the proper skills to do their job, business becomes much more complicated. According to new research, a vast majority of Canadian corporate hiring managers in the technology sector said they are having trouble making "the right hire," specifically finding employees who have the skil...
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Late Payments Bring Summertime Blues to UK

Just as accountants experience a busy time of year during tax season, small- to medium-sized enterprise (SME) credit managers in the United Kingdom are finding their summers cut short to spend more time hunting down late payments. In fact, 60% of U.K. SMBs are exchanging summer holidays for more workdays dedicated to the task, according to Online P...
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Shipment Delays Possible After Apple Supplier Suffers Computer Virus Outbreak

Technology is a blessing and a curse, and at the moment, it is more of the latter for Apple. On Aug. 3, one of Apple's suppliers suffered a computer virus outbreak, which CNBC reports may lead to shipment delays on behalf of the supplier. Taiwan Semiconductor Manufacturing Co. (TSMC) manufactures the chip processors used in Apple iPhones. According...
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Auto Suppliers Question Motive Behind Tesla’s Refund Request

Suppliers for Tesla Inc. are scratching their heads after the electric car company sent an unusual memo to some of its suppliers last week asking for a partial cash refund to boost profitability. According to Bloomberg, less than 10 suppliers received the memo, which Morningstar Analyst David Whiston described as "troubling" in an interview with th...
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Think Before You Click: Avoiding Email Scams

Think twice before you open that unrecognizable email because it may cost you. Earlier this month, the U.S. Federal Bureau of Investigation (FBI) updated its data on business email compromise (BEC) scams, which have increased steadily around the globe in less than two years. In a public service announcement on July 12, the FBI stated the scams are ...
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Safety Net Protects Canadian Automakers From Possible Retaliatory US Tariffs

Canadian suppliers worried about retaliatory tariffs from the U.S. can breathe a sigh of relief, at least those working in the automotive industry. Tariffs on U.S. steel imports have raised costs across the sector; however, according to Reuters, Canadian government customs provisions are in place that could "reduce or refund import duties" to compa...
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‘Imminent, Serious’ Inflation on the Horizon

Inflation is becoming increasingly problematic for U.S. producers. Unanticipated gains in June's Producer Price Index (PPI), released July 11, have economists predicting rising costs for manufacturing and construction material in connection to the U.S. administration's tariffs on various imports. According to Reuters , the PPI reached an annual inc...
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Strategic Global Intelligence Brief for May 30, 2018

Short Items of Interest—U.S. Economy Housing and Labor Shortages The U.S. has an acute shortage of workers in a wide variety of fields. This has been made abundantly clear over the last few years. There are many factors that play into this issue—lack of training opportunities, lack of knowledge regarding these opportunities, personal issues that pr...
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Strategic Global Intelligence Brief for May 29, 2018

Short Items of Interest—U.S. Economy Business Investment Improves It would not seem to be the case given the latest data on durable goods, but the pace of business investment has started to improve; however, not quite at the pace that had been anticipated when the tax cuts were implemented. The big fall noted in this month's durable goods data is c...
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Strategic Global Intelligence Brief for May 25, 2018

Short Items of Interest—U.S. Economy Congress Gets Frustrated With Trump Tactics Traditionally, trade issues are the purview of Congress—at least there is an expectation that the legislators will weigh in. The president does not have the power to establish a trade deal without getting final approval of the plan from Congress. Likewise, the presiden...
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Strategic Global Intelligence Brief for May 24 2018

Short Items of Interest—U.S. Economy Slight Rise in Jobless Claims For the second week in a row, the number of first-time jobless claims rose, but nobody is yet sounding the alarm as these numbers remain at historically low levels. The number this week was 234,000 and was not concentrated in any specific area. There was a slight rise in the number ...
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Strategic Global Intelligence Brief for May 23, 2018

Short Items of Interest—U.S. Economy New Home Sales Fall As expected, the pace of new home sales fell off this month. Analysts expected this slide, many of whom were actually pleasantly surprised the decline was less than anticipated. The headwinds that everybody has been talking about all year are stiffening up and creating an increasingly hostile...
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Strategic Global Intelligence Brief for May 22, 2018

Short Items of Interest—U.S. Economy Kashkari Adds Voice to the Cautious Camp It's not that the other 11 regional Fed presidents are not men and women who bear the mantle of interesting in their own right, but the Minneapolis Fed head has a more varied background than most. Neel Kashkari was the "uber bureaucrat" charged with making the Troubled As...
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Strategic Global Intelligence Brief for May 21, 2018

Short Items of Interest—U.S. Economy Inflation Difference It seems that the death of the Philips Curve may have been announced prematurely. This was one of those economic laws that actually worked most of the time. Simply stated, it held that when the unemployment rate fell, there would be wage inflation. It seemed to make intuitive sense that when...
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Strategic Global Intelligence Brief for May 18, 2018

Short Items of Interest—U.S. Economy Job Mobility It has long been the case that workers in the U.S. have been willing to move to where the employment opportunities are. This was how many recessions have been dealt with in the past. Opportunities sprang up somewhere and people relocated. Today, that pattern is rare. There are many reasons people ca...
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Strategic Global Intelligence Brief for May 17, 2018

Short Items of Interest—U.S. Economy Managing Trade Deficits To begin with, there is a deep misunderstanding as to what creates deficits and surplus on the global market. The Trump belief is that this is all about plots to negatively impact the U.S. economy with unfair trade practices, but the reality is that trade has far more to do with which cou...
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Strategic Global Intelligence Brief for May 16, 2018

Short Items of Interest—U.S. Economy Industrial Production Levels Rise Again The 0.7% rise in industrial output marks the third month in a row for gains. This indicates a broadly healthy industrial market. The industries that are included in this measure range from mining to manufacturing, as well as the utilities. Over the course of the last years...
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Companies Debate Small Business Hiring Growth

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The cost-saving efforts of the U.S. tax reform are beginning to manifest in the small business market, as financial services and business consultant CBIZ, Inc. recorded a bump in its Small Business Employment Index (SBEI) in March. February's disappointing results of a slight decrease in hiring among small businesses was redeemed last month when th...
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