Search Results for: Canadian

The 11% year-on-year increase in output by Canada’s automotive manufacturing industry in 2022, reverses a five-year trend of contraction, but will this increase be sustained?

Canada’s 2022 production uptick, according to figures from Wards Intelligence, is certainly significant. The bulk of the expansion was in the dominant light truck segment, with 933,091 vehicles being produced, compared to 814,263 in 2021.…

Food security concerns have driven China’s ministry of agriculture and rural affairs to push Chinese soy output in the past two years as growing tension with its main western trading partners – coupled with the inflationary impact of the invasion of Ukraine – has preoccupied officials at the ministry’s complex in the Tuanjiehu neighbourhood of Beijing.…

International automobile manufacturers, including those based in the USA, have been presented with the first global sustainability reporting standards designed to become compulsory in many countries worldwide from January 1, 2024. They may also apply to foreign companies operating in the USA and overseas branches of US-owned companies such as Ford and GM, depending on a looming decision made from the Securities & Exchange Commission, expected in April (2023).…

As Haitian clothing and textile factories lose contracts and are forced to shut down amidst this Caribbean country’s ongoing lawlessness and political chaos, industry officials in Haiti say the only way they can save this important national manufacturing sector is through international intervention.…

Political branding can encourage or deter clothing sales, say marketing experts, with the risks and rewards growing where political polarisation intensifies. The key US market is certainly a case in point. Research published in the January-February 2023 issue of the academic journal Marketing Science, by the US-based Institute for Operations Research and the Management Sciences, concluded that, following Donald Trump’s presidential electoral victory in 2016, political polarisation was increasingly extended to consumers’ preferences.…

An International Sustainability Standards Board (ISSB) symposium in Montréal, Canada, has heard how accounting standards experts are striving to build a “global baseline” of regulation based on ISSB standards, despite the contrasting guidance being developed worldwide.

Speaking at the event on Friday (Feb 17), Mark Carney, UN special envoy for climate action and finance, and former central bank governor for the UK and Canada, said of the baseline: “It’s critical.…

Canadian automakers and dealers are hoping that unsatisfied demand for new autos that grew during the Covid-19 pandemic will be released in 2023 and enable sales to rise during a year when most economists predict Canada will tip into a mild recession.…

The European Union (EU) is edging towards a digital Euro, one of several jurisdictions worldwide developing a central bank digital currency (CBDC), but what anti-money laundering controls would need to be built into the system and how can this be balanced with data protection and privacy considerations?…

How should anti-money laundering (AML) officers prepare for a visit by a regulator, be it a scheduled inspection, or the worst-case scenario – an unexpected dawn raid? Experts say institutions need to always be prepared for checks by regulators.

However, this is not simple given a visit to assess an obliged entity’s internal controls’ ability to effectively monitor and manage compliance with national and regional AML policies and procedures can be rare.…

The comprehensive and thus far sustained extension of home-based remote working sparked by the Covid-19 pandemic has fuelled a growing market in surveillance devices helping managers ensure their employees are working rather than shirking. Some employers take a dim view of employees who tell managers they are at work at their desk, but instead are watching Netflix on the sofa.…