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Fewer vaults, more money

Martin Cash 4 minute read Tuesday, Mar. 28, 2023

There are fewer than half the number of credit unions in the province today as there were a decade ago but the actual capital strength of these co-op banking institutions in Manitoba has doubled during that time.

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Pension changes for the better?

Joel Schlesinger 5 minute read Preview

Pension changes for the better?

Joel Schlesinger 5 minute read Yesterday at 2:02 AM CDT

The times are a changin’, and so too are the foundations for many Canadians’ retirement.

Those being CPP and OAS.

The Canada Pension Plan and Old Age Security—as they’re formally known—have been undergoing plenty of modifications over the last few years, from the ability to delay OAS for larger payments down the road to the increase in CPP contributions to boost its payout once retired.

Most recently, OAS increased its payout to Canadians 75 and older by 10 per cent.

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Yesterday at 2:02 AM CDT

Pixabay / Pexels

CPP and OAS offer a key benefit beside providing guaranteed income for life — they’re indexed to inflation.

Tory McNally, who has books and business in her blood, is stepping in for Barbara Bowes

Tory McNally 7 minute read Preview

Tory McNally, who has books and business in her blood, is stepping in for Barbara Bowes

Tory McNally 7 minute read Updated: Yesterday at 9:13 AM CDT

Hello Working World readers. My name is Tory McNally, and I am honoured to have the privilege of continuing to share human resources and career expertise in this column. My background includes educational and professional credentials in human resources and personal experience as director of operations at McNally Robinson Booksellers for 10 years.

In that role, I learned first-hand not only how to treat people at work but also why consistency and communication are key pieces for developing and maintaining healthy employee relationships. I learned to juggle the needs of both business operations and employee relations and encouraged employees to share in decision-making to encourage fuller employee engagement.

I consider myself lucky to have grown up in a family business. My parents were strong leaders and business owners who had grit, imagination and daring. They grew their bookstores from neighbourhood shops to large cultural hubs that incorporated books, gifts, food, music, art, and special events. They taught me the values of hard work, kindness, and being curious about the world.

Although my parents, as bookstore business owners, did not draft formal workforce forecasting plans or sketch out organizational charts as we do today, they understood how to recognize and nurture talent, empower employees, and build positive company culture. Building on their success, I engaged in formal human resources training to round out my understanding of how operations and human resources should work together while still considering the constraints of business ownership. Today, I am a certified professional in human resources and the vice-president of HR consulting services at Legacy Bowes, a leading human resource consulting firm. I very much value the opportunity to combine the best of my professional practice and personal passion into my human resources career.

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Updated: Yesterday at 9:13 AM CDT

Hello Working World readers. My name is Tory McNally, and I am honoured to have the privilege of continuing to share human resources and career expertise in this column. My background includes educational and professional credentials in human resources and personal experience as director of operations at McNally Robinson Booksellers for 10 years.

In that role, I learned first-hand not only how to treat people at work but also why consistency and communication are key pieces for developing and maintaining healthy employee relationships. I learned to juggle the needs of both business operations and employee relations and encouraged employees to share in decision-making to encourage fuller employee engagement.

I consider myself lucky to have grown up in a family business. My parents were strong leaders and business owners who had grit, imagination and daring. They grew their bookstores from neighbourhood shops to large cultural hubs that incorporated books, gifts, food, music, art, and special events. They taught me the values of hard work, kindness, and being curious about the world.

Although my parents, as bookstore business owners, did not draft formal workforce forecasting plans or sketch out organizational charts as we do today, they understood how to recognize and nurture talent, empower employees, and build positive company culture. Building on their success, I engaged in formal human resources training to round out my understanding of how operations and human resources should work together while still considering the constraints of business ownership. Today, I am a certified professional in human resources and the vice-president of HR consulting services at Legacy Bowes, a leading human resource consulting firm. I very much value the opportunity to combine the best of my professional practice and personal passion into my human resources career.

Rebalance system of moving grain by rail for the long haul

Laura Rance 4 minute read Preview

Rebalance system of moving grain by rail for the long haul

Laura Rance 4 minute read Yesterday at 2:02 AM CDT

Most of us don’t much care how the goods we buy get to us, just as long they are in the right place when we want them.

But transportation and supply chain logistics, especially when it comes to moving grain, are a complex blend of both art and science, combined with supply chain co-operation, competitive pressures and no small measure of government oversight and regulation.

Finding the right balance has plagued the industry and Canadian policy-makers since the early days of Confederation.

Prairie farmers face one of the longest hauls by rail of anywhere in the world to get their grain to market. Decades ago, when there were thousands of grain elevators and lower production, the grain-handling system could hold much of the crop. Today there’s a lot more grain and only a few hundred elevators, so the system can only hold about nine per cent of the crop.

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Yesterday at 2:02 AM CDT

Most of us don’t much care how the goods we buy get to us, just as long they are in the right place when we want them.

But transportation and supply chain logistics, especially when it comes to moving grain, are a complex blend of both art and science, combined with supply chain co-operation, competitive pressures and no small measure of government oversight and regulation.

Finding the right balance has plagued the industry and Canadian policy-makers since the early days of Confederation.

Prairie farmers face one of the longest hauls by rail of anywhere in the world to get their grain to market. Decades ago, when there were thousands of grain elevators and lower production, the grain-handling system could hold much of the crop. Today there’s a lot more grain and only a few hundred elevators, so the system can only hold about nine per cent of the crop.

How to communicate effectively with customers

Tim Kist 5 minute read Preview

How to communicate effectively with customers

Tim Kist 5 minute read Yesterday at 2:02 AM CDT

Every leading company knows that a foundational element of their winning game plan is a sound communications strategy. You can only develop an effective communications approach once you know how your product provides unique value to your customers (as defined by them), pricing your product appropriately, and enabling an effective method of delivering your product to your customer.

Too often companies fall into the “shiny object” trap of focusing on the latest social media or digital marketing craze for their communications, rather than first taking the time to carefully craft the right type of message that speaks to their customers (both current and new). When it comes to advertising, every leading company knows what to say (value in your message), how to say it (tone of voice and emotional/rational approach), and where to say it (choice of media).

The recommended approach to crafting your message that applies to any industry, begins by first identifying your unique value to share. This must be more than a simple features and benefits statement. When you learn what your customers value, extract these nuggets that speak to the problem your product solves or the opportunity that you help them take advantage of.

Next, determine the tone of your message. Key considerations include whether you have a serious corporate tone or if you are going to inject humour into your message? Are you self-effacing about your company and product? A study from the University of Western Ontario found that companies that use humour are more profitable. Don’t look for what is funny and just replay it. Look for something true and say it in a funny way so it becomes memorable.

Read
Yesterday at 2:02 AM CDT

Every leading company knows that a foundational element of their winning game plan is a sound communications strategy. You can only develop an effective communications approach once you know how your product provides unique value to your customers (as defined by them), pricing your product appropriately, and enabling an effective method of delivering your product to your customer.

Too often companies fall into the “shiny object” trap of focusing on the latest social media or digital marketing craze for their communications, rather than first taking the time to carefully craft the right type of message that speaks to their customers (both current and new). When it comes to advertising, every leading company knows what to say (value in your message), how to say it (tone of voice and emotional/rational approach), and where to say it (choice of media).

The recommended approach to crafting your message that applies to any industry, begins by first identifying your unique value to share. This must be more than a simple features and benefits statement. When you learn what your customers value, extract these nuggets that speak to the problem your product solves or the opportunity that you help them take advantage of.

Next, determine the tone of your message. Key considerations include whether you have a serious corporate tone or if you are going to inject humour into your message? Are you self-effacing about your company and product? A study from the University of Western Ontario found that companies that use humour are more profitable. Don’t look for what is funny and just replay it. Look for something true and say it in a funny way so it becomes memorable.

‘Great future in space’: U of M research satellite set for launch

Martin Cash 4 minute read Preview

‘Great future in space’: U of M research satellite set for launch

Martin Cash 4 minute read Yesterday at 2:02 AM CDT

About 130 students and faculty who will be getting together at the University of Manitoba’s Price Faculty of Engineering on today to watch the launch of their own satellite into space (as long as the weather in south Florida co-operates).

The U of M’s small satellite called Iris — the size of a milk carton — will do experiments to understand the impact space weather has on asteroids and other space material.

It’s part of a Canadian Space Agency program to encourage more research into satellites and space and more space-related industry in Canada.

The Canadian CubeSat Project awarded one contract for every province and territory with a few extras so students can participate in a real space mission by designing, building, launching, and operating their own miniature satellite.

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Yesterday at 2:02 AM CDT

Philip Ferguson (l) with PhD candidate Morgan May showing off Iris before it was packed away to get ready to be launched into space.

Research project digging in to reasons young adults don’t want to stay in Manitoba

Gabrielle Piché 5 minute read Preview

Research project digging in to reasons young adults don’t want to stay in Manitoba

Gabrielle Piché 5 minute read Thursday, Jun. 1, 2023

Symone Bartley might drive an hour to Toronto or Canada’s Wonderland in nearby Vaughan for the weekend.

She can trek Algonquin Provincial Park on Sunday and make the two-hour drive home to Barrie by evening to wind down for the start of another work week as a paralegal.

“I packed up and I left,” said Bartley, 24. “Ontario has… more schooling, more cities… more job opportunities.”

She swapped Manitoba for its eastern next-door neighbour in 2018, for post-secondary education.

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Thursday, Jun. 1, 2023

Mike Deal / Winnipeg Free Press files

Around $429,000 of provincial cash is being spent in the hope of understanding why Manitoba regularly sees a net loss of young adults, and how to reverse the situation to attract and retain them.

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Kane Biotech receives FDA approval for antimicrobial wound-care gel

Martin Cash 3 minute read Preview

Kane Biotech receives FDA approval for antimicrobial wound-care gel

Martin Cash 3 minute read Saturday, May. 27, 2023

KANE Biotech, a Winnipeg biotech company that has been developing technologies and products to prevent and remove hard-to-address microbial biofilms, has received U.S. clearance on a wound-care product.

A month before this week’s U.S. Food and Drug Administration clearance for Coactiv+ Antimicrobial Wound Gel, Kane signed a U.S. distribution deal with ProgenaCare. The FDA approval triggered a $500,000 payment from ProgenaCare.

The FDA approval is a major advancement for the company, which had been making and selling a line of oral pet care using some of its patented antimicrobial technology. The pet care market does not have nearly the same hurdles to achieve regulatory approval.

The FDA approval and partnership with ProgenaCare are significant milestones for Kane, which has persisted in its research and development and commercialization for many years.

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Saturday, May. 27, 2023

KANE Biotech, a Winnipeg biotech company that has been developing technologies and products to prevent and remove hard-to-address microbial biofilms, has received U.S. clearance on a wound-care product.

A month before this week’s U.S. Food and Drug Administration clearance for Coactiv+ Antimicrobial Wound Gel, Kane signed a U.S. distribution deal with ProgenaCare. The FDA approval triggered a $500,000 payment from ProgenaCare.

The FDA approval is a major advancement for the company, which had been making and selling a line of oral pet care using some of its patented antimicrobial technology. The pet care market does not have nearly the same hurdles to achieve regulatory approval.

The FDA approval and partnership with ProgenaCare are significant milestones for Kane, which has persisted in its research and development and commercialization for many years.

A race to the bottom that investors win

Joel Schlesinger 5 minute read Preview

A race to the bottom that investors win

Joel Schlesinger 5 minute read Saturday, May. 27, 2023

Robinhood may not steal from the rich and give to the poor like the folklore hero did.

Yet the U.S.-based, online trading platform for do-it-yourself (DIY) investors has reshaped the discount brokerage industry over the last decade by offering no-commission trading.

Even in Canada, we have seen its influence on the DIY market. First Wealthsimple Trade, now called Wealthsimple DIY, offered no-commission trades.

More recently, National Bank and Desjardins have eliminated commissions on trading stocks and exchange-traded funds (ETFs).

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Saturday, May. 27, 2023

Jesse Johnston / THE CANADIAN PRESS

Wealthsimple DIY was the first online trading platform to offer no-commission trades.

This time — and every time — it’s personnel

Barbara Bowes 6 minute read Preview

This time — and every time — it’s personnel

Barbara Bowes 6 minute read Saturday, May. 27, 2023

As readers have probably noticed, the month of May has seen one recognized celebratory day after another. We had Mother’s Day, which celebrated the importance of mothers in society. We celebrated Victoria Day, originally designated a special day in 1845 in recognition of the former Queen Victoria, who was, until recently, the longest-serving British monarch. This May, we witnessed the crowning of King Charles, who is now Canada’s constitutional monarch.

The month of May is also special for me personally. I have now been writing the Winnipeg Free Press working world column for 22 years. My first article, “Been There, Done That,” was published on May 5, 2001. When I look back on the trends in human resource management, I see many significant changes, but I also see that some things remain the same.

In fact, one of the key issues that bothered me the most when I started the column was the lack of women in senior leadership, the lack of recognition in the news about successful women, and the fact that women were so much more underpaid in comparison to men. So, it’s really distressing to see the April 2023 report that showed an average Manitoba woman continues to earn only 71 cents for every dollar that a man makes. Indigenous women on the other hand, earn even less: 50 cents compared to a white male’s dollar. The report also indicated that this salary differential continues to be seen across all occupations, industries, levels of education, age and racialized status.

However, the role of human resource professionals has fared much better. Twenty-two years ago, a typical HR professional was known as the “personnel” person, with the scope of their responsibility limited to hiring new employees and looking after payroll. There was little recognition of the value that employees actually had on an organization’s overall performance.

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Saturday, May. 27, 2023

RUTH BONNEVILLE / WINNIPEG FREE PRESS

Barbara Bowes is retiring as a longtime Winnipeg Free Press HR columnist.

Reducing emissions for the long haul

Gabrielle Piché 4 minute read Preview

Reducing emissions for the long haul

Gabrielle Piché 4 minute read Friday, May. 26, 2023

Government has refuelled a rebate program to help Manitoba’s trucking industry cut greenhouse gas emissions.

Long-haul trucks account for 11 per cent of Manitoba’s total greenhouse gas emissions, according to a leader at Red River College Polytechnic’s Vehicle Technology and Energy Centre.

Three years ago, Ottawa and Manitoba jointly announced the Efficient Trucking Program, which provides rebates to trucking organizations who’ve retrofitted vehicles to reduce greenhouse gas emissions.

Intakes for the program ended early last year. But on Thursday, politicians announced the program’s revival with a near $7-million public sector boost.

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Friday, May. 26, 2023

MIKAELA MACKENZIE / WINNIPEG FREE PRESS Files

The Efficient Trucking Program provides rebates to trucking organizations that have retrofitted vehicles to reduce greenhouse gas emissions. Around $10 million in rebates were provided for upgrades on 1,934 trucks and 1,693 trailers in Manitoba between 2020 and 2022.

Shindico’s diversified portfolio positioned for opportunities

Martin Cash 5 minute read Preview

Shindico’s diversified portfolio positioned for opportunities

Martin Cash 5 minute read Thursday, May. 25, 2023

The post-pandemic economic environment has certainly altered the dynamics of many sectors of the economy.

Hollowed-out office buildings, high interest rates and construction cost inflation continue to play significant roles in the realities of the commercial real estate sector of today.

But issues such as global supply chain disruptions are now sorting themselves out, and consumers have returned to brick and mortar stores after having binged on online shopping for a couple of years. Industrial real estate continues to be in high demand in Winnipeg and across North America and with many young people being priced out of the single-family dwelling marketplace, developers can’t build multi-family projects fast enough.

So, whereas there were doomsayers worrying about the end of retail real estate — although tier-two enclosed malls have a grim future — there are plenty of opportunities for investors, especially those with holdings spread across different types.

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Thursday, May. 25, 2023

SHINDICO

Real estate developer Shindico Inc. has sold the Pembina Crossing shopping centre it managed and co-owned with two Canadian pension funds to Winnipeg-based LS Properties.

Kinew hits all the right business notes during speech

Martin Cash 4 minute read Preview

Kinew hits all the right business notes during speech

Martin Cash 4 minute read Wednesday, May. 24, 2023

Wab Kinew promised he would avoid typical electioneering rhetoric in a speech to the Winnipeg Chamber of Commerce on Tuesday and then hit all the right business notes in front of a full house at the Fort Garry Hotel.

At the outset he said one of his fundamental political beliefs was, “The economic horse pulls the social cart.”

Speaking for more than 20 minutes without notes, Kinew didn’t necessarily present any economic development ideas that have not been considered or explored in the past, but he went out of his way to convey to the traditional business crowd that if the Manitoba NDP forms the next government it will make sure it provides responsible governance when it comes to the economy.

For starters, he said if he forms the next government he will balance the budget within his first term.

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Wednesday, May. 24, 2023

Wab Kinew promised he would avoid typical electioneering rhetoric in a speech to the Winnipeg Chamber of Commerce on Tuesday and then hit all the right business notes in front of a full house at the Fort Garry Hotel.

At the outset he said one of his fundamental political beliefs was, “The economic horse pulls the social cart.”

Speaking for more than 20 minutes without notes, Kinew didn’t necessarily present any economic development ideas that have not been considered or explored in the past, but he went out of his way to convey to the traditional business crowd that if the Manitoba NDP forms the next government it will make sure it provides responsible governance when it comes to the economy.

For starters, he said if he forms the next government he will balance the budget within his first term.

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