News We're Following January 29th, 2016

Open Letter to Canadians on the TPP from the Minister of International Trade - Canada Gov - The Honourable Chrystia Freeland commits to signing the TPP, and continuing with a full and transparent consultation and examination of it before ratifying it in Parliament.

Coderre meets Trudeau, says 'right balance' needed on pipeline projects - CBC - Montreal Mayor Denis Coderre dialed back the rhetoric on the Energy East pipeline project Tuesday, coming out of a meeting with Prime Minister Justin Trudeau with a more conciliatory message.

Minister Phillips statement on new federal review process - AB Gov - "Energy infrastructure and getting our product to tidewater is a very important priority for this government. Alberta’s ability to access energy markets is crucial, not only for our province’s energy industry but for the economic future of Canada."

NEB Releases Canada's Energy Future 2016: Energy Supply and Demand Projections to 2040 - Canada Gov - Canada’s energy future will not be determined by a single force, but rather, the interaction of many. We need inclusive discussions about energy, the environment, infrastructure and market access. These need to be real conversations between industry, ENGOS, governments, Indigenous Peoples and other Canadians.

Premier Notley to meet with Prime Minister Trudeau on February 3 - AB Gov - The two plan to focus their discussion on the economy and what can be done to manage the economic challenges Alberta is currently facing. Agenda items include jobs and the economy, market access for Alberta’s energy products and climate change.

Canadian immigrants could earn $17B more if their credentials were recognized - CBC - Canadian immigrants could earn up to $17 billion more each year if their education and skills were fully recognized, suggests a new report by the Conference Board of Canada.

Bumpy Year Ahead for the Economy, According to the Crystal Ball Report

Canada’s competitive situation will be under pressure in 2016, thanks to both short-term issues and long-term trends, according to the Canadian Chamber of Commerce's new Crystal Ball Report: Canada in a Volatile World, which was released today.

This report sums up the opinions of business leaders from across the country, as well as the predictions of leading economists, to produce a sense of where we are headed and provide an economic outlook for the coming year and beyond.


The Canadian Chamber of Commerce Pre-Budget Submission

Canada’s economy is facing huge challenges. Weak energy and commodity prices are likely to persist at least through 2017. Canadian consumers are among the most highly indebted in the world and the housing market is overvalued in many communities. Canada can no longer rely on the traditional sources of growth, the natural resources and consumer spending, that powered the Canadian economy over the past decade. 

To continue to grow and to improve our standard of living, the Canadian economy must succeed in exporting, in creating new businesses and in commercializing the technologies of tomorrow. Our number one priority has to be the improvement of Canadian productivity and innovation. No stimulus can fix the problems and deliver sustainable growth if Canada’s productivity challenges are not addressed. 

While exports play a key role, the Canadian Chamber of Commerce is also a strong supporter of the expanded infrastructure program. It could be historic for Canada, boosting productivity and delivering real quality of life improvements. Infrastructure improves our competitiveness and attracts investment.

Read the full submission...

The Canadian SME Gateway to China / Le portail des PME canadiennes en Chine

To better serve Canadian small and medium enterprises, The Trade Commissioner Service (TCS) network in China has developed the Canadian SME Gateway to China video series on YouTube. Their videos focus on the needs of Canadian SMEs that are considering doing business in China; they provide SMEs with expert advice on various topics ranging from setting up a business presence in China, to protecting intellectual property, to e-commerce. They cover a range of sector-specific and general business topics relevant to all SMEs.


Pour mieux servir les petites et moyennes entreprises canadiennes, le réseau du Service des délégués commerciaux (SDC) en Chine a lancé la série de vidéos Portail des PME canadiennes en Chine sur YouTube. Leurs vidéos se concentrent sur les besoins des PMEs canadiennes envisageant à faire des affaires en Chine. Elles fournissent des conseils d'experts pour les PMEs sur divers sujets incluant l’établissement d’une présence commerciale en Chine, le commerce en ligne et la protection de la propriété intellectuelle. Elles couvrent une gamme de sujets sectoriels et des sujets généraux pertinents à toutes les PMEs.

Benefit Highlight: Up to 60% off advertising on My96 and CHAT 94.5

There's still one more month to take advantage of the member exclusive discount on radio advertising through My96 and CHAT 94.5

Members can purchase one week of advertising (21x30" commercial units between 5:30am-8pm Monday to Sunday, up to 3 per day) for only $472 plus GST per station.  As a special bonus included with this package, creative writing and voicing are included free of charge and members also receive 21x30 second free spots between Midnight and 5:30 am.

There are only 20 spots available per station per month and they are first come, first serve.  To book your spot contact the Radio Sales Department at (403)548-8282.

New M2M Discount: 20% off custom orders at Carol's Creations & Designs

Medicine Hat & District Chamber of Commerce members and their employees receive 20% off custom orders of $200 or more through Carol's Creations & Designs including custom-made deck shades, window shades, jewellery and handbags.  Please mention your membership, and present a valid membership card in order to redeem this discount.

Why Markets Are in for a Wild Ride in 2016

In this edition of 5 Minutes for Business, Hendrik Brakel, the Canadian Chamber of Commerce's Senior Director of Economic, Financial and Tax Policy, looks at how portfolio rebalancing is pulling money out of riskier investments and the effects that is having on global markets.

2016 has been a terrible year for markets: global share prices have fallen 8% while emerging markets shares have fallen 13%—the worst start to a year on record. Currencies are down all over the place, and commodity prices have been hit hard.

This isn’t likely to stop anytime soon: monetary tightening is pulling liquidity out of riskier assets after an unprecedented era of cheap liquidity. But why? Where did all this money go?

Read 5 Minutes for Business to find out.

Hire a student this summer!

Are you interested in hiring a student this summer? 

You may be eligible to receive a wage subsidy of $7/hour through the Government of Alberta Summer Temporary Employment Program (STEP) to help. Interested employers can attend a free information session on the program on Thursday, February 4th at Medicine Hat College by pre-registering here.

Applications for the program will be accepted from January 25 to February 29, 2016 and all applications received by the deadline will be considered. Check your eligibility and the application process here.

New Member: Robertson Motorsports & Marine

Robertson Motorsports & Marine/Robertson Trailer Sales

Located on the west side of Swift Current right along the #1 Trans Canada Highway at 2165 North Service Road West, we are just a short drive for Medicine Hat and surrounding area residents.

We specialize in the Sales, Parts, Accessories, and Service of Motorcycles, ATVs, Side-by-Sides, Snowmobiles, Snowbikes, Boats, Waverunners, Trailers, Sled Decks, Docks, Boat Lifts, Power Products, Lawn & Garden Equipment, and Snowblowers.

We are an authorized dealer for Yamaha, Arctic Cat, Husqvarna, Timbersled, Centurion & Supreme World Class Towboats, Starcraft boats, Berkshire Pontoons, Shoremaster & Shoreline Docks & Lifts, Full Lotus Sled Decks, Triton, Southland, Rainbow, Agassiz, Karavan & Norberts Trailers.

We are open 6 days a week for your shopping convenience. Follow us on Facebook, Instagram, Twitter and Youtube.

We're committed to making the communities we serve the best places to live, work, and play!

Member News: Praxis in need of volunteers to judge local Science Fairs

The Praxis Society will be assisting with 15 upcoming science fairs, as well as a regional fair in March and is looking for volunteers willing to donate as little as half an hour of time to assist with judging.  A background in science isn't required and help, support and training are provided for all those willing to help young students in our community share their enthusiasm for science and their projects. 

Those interested in volunteering can contact Patty Rook at (403)527-5365 or via email