Canadian Diamonds, Back in the Rough

At this point in time, the so lucrative rhomb demarcation in Canada is suffering a testy blow as the Canadian one dollar bill continuously increases versus the U.S. dollar, as some(prenominal) investors back out their support for the rhomb trading, and as the U.S., the largest consumer of diamonds, to a lower placego recession. The popularly known diamond mogul, De Beers, was strained by the escalating Canadian dollar and its results to formulation costs. These accompanimentors led De Beers to sell off their assets in Canada that amounts to nearly $ 1 trillion U.S. dollars. (Hoffman, 2008)The representative of De Beers based in Canada, Derek Teevan, justified the decision of investors to withdraw from the diamond sector. He argued that the costs for operating a diamond business is free burning in Canadian currency, which is gameer comp bed to its cost in U.S. dollars. In addition, diamonds atomic number 18 bought in U.S. dollars. This spells out an un juicy diamond busi ness. According to Mr. Lindsay, president of Teck Cominco Ltd., the diamond sector will suffer until much(prenominal) time that costs are regulated within five years. As of press time, negotiations continue as Teck Cominco Ltd. attempt to purchase Canadas diamond businesses. (Hoffman, 2008)The author reveals the major business sector of the Canadian diamond sector. Based on research and recent breeding round diamond investors and businesses in Canada, the author was trying to inform his readers about the declining diamond sector and the effect that the raise dollar posits in this issue. The concerns that were presented in the article is of importance to businesses who are planning to invest in the Canadian diamond sector thus, contracting to be wellhead-informed about the economic stand of the different business sectors in the country.Atlantic Premiers singularity Energy simulationThe premiers in youthful Brunswick have released a statement indicating their attempts to de velop oceanics access to Labradors hydro resources. According to them, the Maritimes intention of these resources is cost-effective and is subservient in the minimization of their dependence to fossil fuels that broach from other parts of the globe. This would be possible through the Lower Churchill move Project. The premiers and cabinet ministers in Canada drafted and sign an outline that contains the concepts aligned with the project. They also put across for the help of the members of each province to further their aims and objectives. (Tutton, 2008)The premier of new-sprung(prenominal) Brunswick has been communication ideas about the transfer and generation of efficiency through the use of subsurface cables with the premier of Newfoundland. If this pushes through, they would be expecting to spend as much as $ 25 million e very(prenominal) year in the area alone. However, they are not keeping their options closed as they are thinking about ability transfers through Que bec and Ontario. If the transmission of power from Labrador to Maritime pushes through, this would mean that New Brunswick should substantiate more(prenominal) transmission capacity. (Tutton, 2008)The issues in this essay tackle the program drafted and signed by Atlantic premiers in order to develop the transmission of dynamism through the utilization of under sea cables. In addition, it also provides red-blooded information that states the returnss and disadvantages of the Lower Churchill Falls Project particularly in New Brunswick. Several options are available in this scenario and Shawn Grahm, the new premier of New Brunswick, should be able to go with a plan that is cost-effective and corroborative of the interests of the area. transport Industry Facing ChallengesThe recently elected president of Atlantic Provinces Trucking Association, Gordon Peddle, has claimed the development and enhancement of the image of the hauling business as one of his objectives during his term i n office. The image of the trucking labor, as well as the improvement of the quality of service provided by these companies is the main concerns of APTA. (The special(a) Features Staff, 2008)Despite the flourishing financial statements of other citizenry in the business all over the world, the trucking assiduity based in intelligence activity Brunswick has been suffering too. This is due to the fact that the trucking manufacture is a very difficult business to handle. One of the primary reasons for the twilight of the trucking industry is those people who leave the trucking business for higher income rates, thus leadership to the lack in personnel.Another reason is that the increasing Canadian dollar versus the U.S currency influences the high costs of materials and parts that are used in developing trucks. As the new chairman of APTA, Peddle is putting on great efforts to solve this problem by collaborating with the Human Resources Sector and Trucking Human Resources Sector , and by being open to applications from foreign truck drivers. (The supererogatory Features Staff, 2008)The author presents the readers the challenges that Peddle will be facing during his rule as the new chairman of APTA. There are a lot of issues that need to be addressed in order to enhance and improve the trucking industry and with the challenges that are ahead, Peddle must be on his toes in order to achieve his aims, objectives, and general plan of action. The article would be instrumental in evaluating whether Peddle would be capable of addressing the needs of the trucking industry through comparison of past experiences and the new trucking industry under Peddle.Go West, Gang Members Alberta Attracts Drug DealersThe growing economy of Alberta due to its crude market has attracted numerous investors. So much so, that even businesses who operate lawlessly are putting up their industry in the area. These criminal business enterprises involve gangs who thrive in Alberta becaus e of the high demand for prohibited drugs and substances, such as cocaine. This has been the trend since 1977, as the Edmonton Police Department has strived hard to crosscut down gangs and gang members in their efforts to eradicate drug pushing, trafficking and addiction in their area, thus leading to lower occurrences of crimes. (Chiang, 2008)To address this issue, the Edmonton Police Department has been collaborating with the RCMP in order to identify immigrants and determine whether they are involved in gangs and illegal businesses. They have also conducted an undercover operation that revealed a laboratory that manufactures shipping and cocaine that are sold in Alberta. (Chiang, 2008)The author reveals the set up of a booming economy to the increase in crime rates and occurrences in an area. People will be well informed that even if a country is successful in attracting investors that would further the stand of the economy, the price that the people would have to pay for this is the rising occurrences of crimes, such as drug trafficking and pushing.(Title Goes Here)The rising Canadian dollar has yet again proved its detrimental effects to the manufacturing industry in the country. As the dollar rises, lay offs would be implement to cut the rising cost of manufacturing. Lay-offs will be done in the marketing industry in order to lessen the companys expenses on wages for manpower services. However, on a positive note, the decline in the manufacturing industry has caused the improvement of the trade rate in the country. This fact is evident through the statistics interpreted starting 2001 until 2006. Professionals agree that the rise in usance would continue to improve in the following years. (Yew, 2008)The rising employment rate in Canada is due to the fact that new occupations are being subject for the benefit of the employment sector to compensate for the losses in employment in the manufacturing industry. In addition, new occupations are being open ed for unemployed people because of the global changes, improvement and development which are exceedingly in need of skilled employees who could be absorbed to work under a specialized job description.In contrast to the nature of manufacturing jobs, more people have been studying and working to enter jobs in the wellness care industry, social welfare and development organizations, finance services, mining and energy industries, which as of press time have experienced a high increase in employment. Canada has put its efforts to replace manufacturing jobs with jobs that are more profitable and adheres to technological learning and advancement. (Yew, 2008)The advantages of the decline in employment opportunities in the manufacturing industry are revealed in the article by the author. This is a known advantage of having the dollar rise above the U.S. dollar. The surfacing of other occupations in the employment sector allows career development for the people.ReferencesChiang, C. (2008). Go west, Gang Members Alberta attracts drug dealers. Retrieved establish 22,2008, fromHoffman, A. (2008). Canadian Diamonds Back in the Rough. Retrieved March 22, 2008, fromThe Special Features Staff. (Tutton, M. (2008, January 19). Atlantic Premiers Sign Energy Framework. The Canadian Press,p. C2.Yew, M. A. (2008, March 5). Toronto Star, p. B 1