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December 11
Close to 400 people attended the November 30th OBA Awards at the Saint John Trade and Convention Centre. 201 1 OBA Finalists in Back Row, left to right: Nick DeMerchant, Andrew McKay, Peter Stoddard, Mike Nagle, Tony Gogan, Kenny Singh, Keith Brideau, Dave Grebenc and Stephen Carson. Finalists in Front Row: Kara Hachey, Shelley DeMerchant, Cathy McKay, Judith MacKin, Nawal Doucette, Holly Singh, Elaine Northrup, Kelly Ferris and Roxanne Fairweather.
27th Annual
OBA AWARDS
Chairs Message
From left to right: John Warrington, Chairman of the Saint John Board of Trade, with Mark Carney, Governor of the Bank of Canada, Larry Hachey, First Vice-Chair Saint John Board of Trade, and Imelda Gilman, President, Saint John Board of Trade
During November we launched our new Membership Growth Campaign: Contribute.Develop.Grow! This campaign is designed to strengthen our member benefits, enhance our community voice & expand Board memberships. The goal is to provide our members with an enhanced network in which to draw upon. Here is a quick rundown of how this campaign is focused: Contribute: The Board of Trade encourages feedback from our members on issues that they feel are important to our Business Community. This feedback helps create policies & plans that support the desires of our Members. A great way to contribute is to get involved on a committee, task force, member forum, or participate in one of our online surveys! Develop: We offer educational events for our members to develop themselves professionally through workshops, and our Lunch and Learn series. Through the support of our Members, the Board of Trade also continues to develop our business community in the directions set forth by our members and make our community the best place to conduct business.
Grow: Participating in networking events, such as our mixers and Distinguished Speaker Series Luncheons, are great opportunities for our members to promote and grow their businesses and contacts. In order for the Board of Trade to strengthen our members impact in the community and their contacts, it is imperative that we continue to create a stronger voice. Over the next 2 years, we have a goal to increase our Member Companies to over 800 strong. For the Board of Trade to accomplish this ambitious goal, we are asking for the help of our members. Talk to your business acquaintances about the Board of Trade and why you are a member. Then refer them to Nick Wheatley, our new Marketing & Sales Officer. Each time we add a new member to our organization that translates into more connections, more business opportunities and a stronger community for our members to enjoy. New Members can now quickly & easily apply for their membership directly online at www.sjboardoftrade.com. Also, members can now register for events and pay invoices online! As Chairman of the Saint John Board of Trade, this campaign is one of the targets I set earlier this year when I became Chair in May. As I mentioned in my Incoming speech, it can be hard to articulate all of the benefits of being a member in the Board of Trade as the intangibles can be more valuable than the tangibles. With the increased ease of applying for membership online, our great member benefits, and our members talking about their experiences, I am confident we will reach our goal over the next two years, making our Outlook 2012 exciting!
Seasons Greetings!
Outlook 2012
Mark Carney, Governor of the Bank of Canada spoke to Board of Trade members September 20, 201 1
declined marginally in the second quarter and growth will hover in the range of 2 per cent this year. The pace of economic activity should pick up in 2012, but will be constrained by weaker public spending as federal and provincial governments are put on a path back to fiscal balance. Public infrastructure spending has peaked and will decline sharply in 2012. Moreover, confidence has been shaken by these turbulent times, and there are signs that consumers are tightening their purse strings and saving a bit more of every paycheque. The unemployment rate will fall only modestly, and businesses will continue to face the need to adapt to a chronically strong currency. These difficulties will be keenly felt in New Brunswick. Job markets and private
investment have lagged the general recovery in other parts of the country. But there is some evidence that labour markets are beginning to heal, and private investment should increase heading into 2012 as interest rates are widely expected to remain low for a while yet. The forestry and mining industries will rebound, providing a much needed boost to manufacturing. And, as job creation picks up, so will consumer demand, which will be welcome news to the provinces retailers. Governments contribution to growth will be limited for several years as necessary steps to eliminate the deficit are taken, which leaves the burden squarely on the private sector to keep the recovery going.
Todd A. Crawford, Economist Conference Board of Canada
Outlook 2012
APEC Update
The Atlantic Provinces Economic Council (APEC) released its annual economic outlook for the four Atlantic provinces in November. While the global economic recovery continues, diminished confidence is translating into more subdued growth prospects in 2012, globally and in Atlantic Canada. There are a number of risks to APEC's forecast including the fiscal stance in the US and the European financial crisis. In 2012 APEC expects to see muted growth in consumer spending, limited employment growth and a slowing housing market across most of the Atlantic region. Government spending is projected to decline while the outlook for exports is mixed due to modest global demand growth and anticipated changes in Atlantic Canada's output of key products. Newfoundland and Labrador's growth will rise 4.2% this year on a jump in mining production and capital investment. In 2012, lower oil output will offset further gains in mining and continued strong investment with real GDP forecast to moderate to 1.1%. Slower employment growth will also reduce gains in consumer spending. In Prince Edward Island, weak consumer growth, declining government capital spending and slowing exports will lead to GDP growth of about 1.3% this year. A slow recovery in the US and further cuts in public investment will keep GDP growth weak at about 1.2% in 2012. Poor consumer growth and slowing investment in Nova Scotia will lead to growth of about 1.0% this year. GDP growth will be limited to growth of about 1.2% in 2012 assuming the paper mill in Port Hawkesbury remains closed throughout 2012 and expansion plans get underway as planned at the Halifax shipyard. New Brunswick's overall GDP is expected to increase 1.5% In New Brunswick in 2011, as stronger exports partially compensate for a weak domestic economy. Real GDP is forecast to grow 1.3% in 2012 as weak capital investment and fiscal restraint limit growth potential.
Media release from Atlantic Provinces Economic Council November 2011.
27 Annual
th
OBA AWARDS
ENTREPRENEURIAL ACHIEVEMENT PUNCH Productions, Judith Mackin & Robert Moore CHAIRS AWARD Enterprise Saint John, Tony Gogan
AWARD SPONSORS Shred Guard | Saint John Energy | Enterprise Saint John AVW Telav | Telegraph Journal | TriStar Mercedes-Benz OUTSTANDING SPONSORS Advocate | DCAM Productions | Morrison Marketing CHSJ Country 94.1 | 97.3 The Wave GENEROUS SPONSORS ClinicServer | Dillon Consulting | Distinctive Occasions Eastern College | Hilton Saint John | Key Industries Lancaster Florist | Opera Bistro
BIG HEART AWARD Hestia House, Elaine Northrup & Kelly Ferris