PowerPlay: Unleash the Power of Youth

Each year Strong Mortgages Ltd. and the Strong family love to share and connect our friends, family, clients, colleagues and neighbours with things we love and are involved with. This year’s holiday gift included products made and sold by young Canadian Entrepreneurs who completed the PowerPlay Young Entrepreneurs (PYE) program.

It is my honour to introduce you to:

ISHAAN’S CUSTOM SIGNS
e: dhaliwalishaan2011@gmail.com
PowerPlay School: Hazelgrove Elementary, Surrey BC
Student: Ishaan Dhaliwal, 12
Charity: SPCA and various shelters

Ishaan Dhaliwal loved woodworking from a very young age with his grandfather operating a furniture business. He loves the hands-on work from measuring, cutting, and sanding wood and now sells his signs at various hockey tournaments and markets. For Strong Mortgages, he created red Strong & Free coasters.

What they loved most about participating in PowerPlay: Customer service, creating a product and making money. 

 What they love most about the product: The wood signs are unique with slogans targeting all age groups. 

NOTEWELL NOTEBOOKS
e: notewell.notebools@gmail.com 
insta: note_wellnotebooks
PowerPlay School: Cloverdale Traditional School
Student: Pari Soni, 13.
Charity: Their school, Cloverdale Traditional School

Pari ads a fun twist to her customizable notewell notebooks. You can find her on instgram selling her mini notebooks.

What they loved most about participating in PowerPlay: The hands-on experience of creating, selling and growing my business.

What do they love most about their product: I love the way they look after they are in the packaging and labeled with my business name.

GATOR DESIGNS
w: https://www.gatordesigns.ca 
e: Designsbygators@gmail.com 
PowerPlay School: Gretna Green School in Miramichi, New Brunswick
Students: aged 11 to 13
Business Product(s): create a wide range of products from earrings to sweatshirts using a glowforge laser and vinyl cutter.  For Strong Mortgages, over 70 students collectively created and produced frosted Strong & Free ornaments.
Charity: local food bank

Students grade 6 through 8 at Gretna Green school participate in the PowerPlay program and create products including but not limited to: clothing, keychains, earrings, bracelets, jibbitz, cutting boards, barbecue scrapers, and other holiday specials. They develop products using sublimation, heat press, and vinyl cutting.

 What they loved most about participating in PowerPlay: Students like learning new skills that they can use when they get their first job.   Students learn to take money at markets, create graphic designs, complete production, and monitor quality control. They have control over what they want to purchase with the profits.  Currently, we are saving to buy more computers for graphic designs and more materials and equipment to enrich our workroom. 

What they love most about their product: The students love making money and having a say in how that money is spent.  They get to order materials for passion projects.   They like getting trained for new tasks that include graphic design, using equipment and how to make and send invoices.  Authentic work and projects make the learning fun. 

ABOUT POWERPLAY YOUNG ENTREPRENEURS
Whether students aim to be entrepreneurs, or simply want to chase their dreams and develop new skills, our PowerPlay Young Entrepreneurs program provides various opportunities for authentic learning and exploration in a real-world context. The in-school program is a 6-week initiative that allows students from grades 4 through 8 to develop their own business ventures, set and achieve goals, and gain practical life skills. They put their plans into action at the Young Entrepreneur Show, a dynamic event where they interact with customers and earn money.

 We are committed to adaptability and inclusivity so all students can thrive regardless of their diverse learning styles, socioeconomic position, or background. In addition to building new competencies, the youth also give back to their local communities and the social causes that they care about.

www.powerplay4success.com

The Next Age of Uncertainty: Climate Change & an Ode to Earth Day

The Next Age of Uncertainty: Climate Change & an Ode to Earth Day

The Next Age of Uncertainty: Climate Change

Bank of Canada maintains policy rate, continues quantitative tightening

FOR IMMEDIATE RELEASE

Media Relations

Ottawa, Ontario

April 12, 2023

The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.

Inflation in many countries is easing in the face of lower energy prices, normalizing global supply chains, and tighter monetary policy. At the same time, labour markets remain tight and measures of core inflation in many advanced economies suggest persistent price pressures, especially for services.

Global economic growth has been stronger than anticipated. Growth in the United States and Europe has surprised on the upside, but is expected to weaken as tighter monetary policy continues to feed through those economies. In the United States, recent stress in the banking sector has tightened credit conditions further. US growth is expected to slow considerably in the coming months, with particular weakness in sectors that are important for Canadian exports. Meanwhile, activity in China’s economy has rebounded, particularly in services. Overall, commodity prices are close to their January levels. The Bank’s April Monetary Policy Report (MPR) projects global growth of 2.6% this year, 2.1% in 2024, and 2.8% in 2025.

In Canada, demand is still exceeding supply and the labour market remains tight. Economic growth in the first quarter looks to be stronger than was projected in January, with a bounce in exports and solid consumption growth. While the Bank’s Business Outlook Survey suggests acute labour shortages are starting to ease, wage growth is still elevated relative to productivity growth. Strong population gains are adding to labour supply and supporting employment growth while also boosting aggregate consumption. Housing market activity remains subdued.

As more households renew their mortgages at higher rates and restrictive monetary policy works its way through the economy more broadly, consumption is expected to moderate this year. Softening foreign demand is expected to restrain exports and business investment. Overall, GDP growth is projected to be weak through the remainder of this year before strengthening gradually next year. This implies the economy will move into excess supply in the second half of this year. The Bank now projects Canada’s economy to grow by 1.4% this year and 1.3% in 2024 before picking up to 2.5% in 2025.

CPI inflation eased to 5.2% in February, and the Bank’s preferred measures of core inflation were just under 5%. The Bank expects CPI inflation to fall quickly to around 3% in the middle of this year and then decline more gradually to the 2% target by the end of 2024. Recent data is reinforcing Governing Council’s confidence that inflation will continue to decline in the next few months. However, getting inflation the rest of the way back to 2% could prove to be more difficult because inflation expectations are coming down slowly, service price inflation and wage growth remain elevated, and corporate pricing behaviour has yet to normalize. As it sets monetary policy, Governing Council will be particularly focused on these indicators, and the evolution of core inflation, to gauge the progress of CPI inflation back to target.

In light of its outlook for growth and inflation, Governing Council decided to maintain the policy rate at 4½%. Quantitative tightening continues to complement this restrictive stance. Governing Council continues to assess whether monetary policy is sufficiently restrictive to relieve price pressures and remains prepared to raise the policy rate further if needed to return inflation to the 2% target. The Bank remains resolute in its commitment to restoring price stability for Canadians.

Information note

The next scheduled date for announcing the overnight rate target is June 7, 2023. The Bank will publish its next full outlook for the economy and inflation, including risks to the projection, in the MPR on July 12, 2023.

How To Plant a Sugar Maple Tree

Plant a Sugar Maple Tree

#investinourplanet #investinourhome

There are two important steps to complete before planting your Sugar Maple tree seeds. First, moisture is needed to trigger germination. Second, a dormancy period of cold temperature, known as cold stratification.

  1. Place seeds in a container with warm water and leave them in the water for about 24 hours.

  2. Next use a soilless mixture for starting seeds, or sand and vermiculite, or a potting mix, moisten with water and place in a sandwich bag or a container with a lid. Mixture should be moist not soggy. The bag should not be sealed. Poke holes or leave partially open for air.

  3. Place the seeds inside the mix and refrigerate for about 90 days (8-12 weeks). Check occasionally to see if seeds are starting to sprout.

  4. After the required time seeds can be planted.

    OUTDOORS: plant in a sheltered spot in the ground after the risk of frost has passed. Water immediately. If sowing outdoors use extra seeds as not all will germinate and if possible, select a spot that will get full sun.

    INDOORS: plant seeds in a medium-sized pot in a warm location, under artificial light or by a window.

  5. If using a pot to grow the seedlings, transplant individual seedlings to their own larger containers such as gallon pots when the first true maple-shaped leaves develop. The tree can grow in the large container until planting to a permanent location or remain in the container as a bonsai.

Sugar Maple grows at a slow to medium pace, eventually reaching over 20m and 30m in very mature trees with a spread of around 15m in a dense crown which will provide great shade in the summer season and a colorful display in the fall, one of its best features.

If the seeds are to be used later, keep refrigerated in their packaging for long-term storage. For additional germination support, you can email: contact@treeseeds.ca

Underwriting Policy Clarification

Canada Guaranty

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[LENDER UPDATE] Underwriting Policy Clarification

June 8, 2020 | News Releases

LENDER UPDATEUnderwriting Policy Clarification(Download Update)

Canada Guaranty confirms that no changes to underwriting policy are contemplated as a result of recent industry announcements.

Canada Guaranty utilizes a dynamic underwriting process where our underwriting policies are consistently updated to reflect evolving economic environments and emerging mortgage default patterns. This philosophy has resulted in the lowest loss ratio in the industry. Recent insurer announcements relating to down payment and minimum credit score represent a very small component of Canada Guaranty’s business, and we will continue to be prudent in these areas. Given implementation of the qualifying stress test and historic default patterns, Canada Guaranty does not anticipate borrower debt service ratios at time of origination to be a significant predictor of mortgage defaults.

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Please do not hesitate to contact a member of our National Accounts team with any questions.

Thank you,

Mary Putnam 
Vice President, Sales and Marketing
Canada Guaranty Mortgage Insurance Company

Telephone: 416.640.8936 
Toll Free: 866.414.9109 ext. 8936
E-mail: mary.putnam@canadaguaranty.ca