Crosscountry CANADA AT A GLANCE MONEY TALKS Investing as art
THERE ARE PARALLELS to be drawn between art and investing, according to François Rochon, a portfolio manager who heads Giverny Capital in Montreal. In a presen- tation on Talks at Google, Rochon, who is both an engineer and art aficionado, said that a true investor doesn’t operate as a scientist, but as an artist. The ordinary investor concentrates on stock prices and a short-term horizon, while the “artistic” investor looks at the intrinsic value of companies and the long term. Ordinary investors have an opinion on
everything and strive to identify the right time to buy, said Rochon, whereas “art- ists” consider they have a lot to learn and strive to find the best stocks to buy. — YB
EMERGENCY PLANS Nuclear unpreparedness
EVEN THOUGH southwestern Ontario is home to the world’s largest operat- ing nuclear plant, the Bruce nuclear power complex in Kincardine, the province is unprepared for nuclear emergencies, reports the Stratford Beacon Herald. Sarnia Mayor Mike Bradley was one of many to speak out about Ontario’s lack of emergency plans aſter the latest report from Ontario Auditor General Bonnie Lysyk concluded the province is not ready for a large-scale emergency. The report pointed out Ontario’s emergency preparedness and nuclear response plans have not been updated in nearly a decade, and emergency management staff has been trimmed by budget cuts. However, initiatives to correct the
situation are underway. Community Safety Minister Marie-France Lalonde announced, for example, that a dedi- cated chief of emergency manage- ment would be recruited. — YB
Go East!
ARE YOU SICK OF ALL THOSE DREARY TORONTO AND VANCOUVER COMMUTES? Move to Saint John, NB. That’s what Saint John Mayor Don Darling urged big-city commuters to do in a social media post that has generated a flood of responses, reports the Vancouver Sun. Aſter Statistics Canada released data showing that commute times in Saint John are shorter than in most cities, Darling posted: “Hey Toronto and Vancouver, move to Saint John, NB, we have jobs, you can buy a house for well under 200K and our commutes are measured in minutes.” The post jumped to the front page of Reddit with more than 1,000 comments. While some praised the city’s relaxed lifestyle, others pointed out that they couldn’t find jobs there. Darling conceded the city isn’t for everyone. But he said that if even a small percentage were to “give us a shot,” he was confident they would love it. — Yan Barcelo
WORKFORCE Skill slide
DESPITE HIGHER LEVELS OF EDUCATION, Canada’s workforce shows a troubling slide in literacy and numeracy skills, according to a recent C.D. Howe Institute study. In the report, “Talkin’ ’bout my
Generation: More Educated, but Less Skilled Canadians,” author Parisa Mahboubi compares results of international surveys from 2003 and 2012 to show that Canadians’ skill levels declined across all age groups studied. The decline, she says, can be largely attributed to aging and generational differences, such as education quality and work environment. But since skills erode with age at an accelerated rate and low-skilled workers exhibit a steeper decline with age, an aging population has a greater impact on average performance. — YB
FEBRUARY/MARCH 2018 | CPA MAGAZINE | 7 LIFESTYLES
Denis Tangney Jr/iStock
Hero Images/Getty
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64
