Imagine Canada

Economic optimism among executive professional accountants at its highest level in two years: CPA Canada Business Monitor

Canada opened strong, outscoring the Jamaicans 21-7 in the first quarter. Jamaica came back in the second quarter by finding success in the paint and cut the lead to 33-25 at halftime. Canada took control of the game with a dominant third quarter, outscoring Jamaica 21-4 to take a 51-29 lead. The Canadians continued to control the game over the final 10 minutes to secure the win. “I think the most impressive stat after the game was 22 assists on 27 field goals,” Canada coach Lisa Thomaidis said. “If anything, I think this team can be a little bit too unselfish. They’re willing to make that extra pass for a better shot. “We got a lot of open looks. In the first half some of them didn’t fall for us but by the second we were able to make good on a lot of perimeter shots.” Tamara Tatham had five rebounds and nine points for Canada while Natalie Achonwa, Lizanne Murphy and Kendel Ross each had eight points off the bench. Player-coach Simone Edwards led Jamaica with 12 points. Canada faces Chile on Monday.

Canada is recognised for a competency-based teaching approach that prepares students to be productive in the workplace after graduation. Several Canadian colleges and universities offer co-op or internship programmes or work placement programmes as a means of enhancing the curriculum with real-world industry experience. One of the distinguishing characteristics of Canadian education is the cooperative model, known as co-op, that lets a student alternate terms in class with paid terms at work in jobs related to his/her area of study. “Co-op programmes allow students to gain valuable experience in their fields, develop skills in the workplace, and expand their Canadian network. The co-op model was pioneered in schools such as University of Waterloo and has become the gold standard around the country for programmes, which prepare students for the real world. As well, money earned during these co-op programmes helps towards covering costs. With a foothold in the working world during the course of their studies, when the student graduates, they are more familiar with the expectations of employers, and more job-ready,” says Ivy Lerner-Frank, first secretary for Education at the High Commission of Canada. She adds, “The return on investment is not only the benefit of the education itself, but the possibility of employment during the study period, after graduation with a postgraduation work permit, and then the potential to immigrate through the Canadian Experience Class if you have the right skills.” The flexibility in the system accommodates students’ different needs and aspirations. “I am from a village in India and when I decided to go abroad to study, I felt I would be more comfortable in a smaller town than a big city. Therefore, I chose Okanagan College in Kelowna. The college has a diploma programme in computer information systems, which suited my academic needs,” says Leo Louis.

22, 2013 /CNW/ – Optimism about the Canadian economy is up sharply among executive professional accountants climbing to its highest level since the second quarter of 2011, according to the latest CPA Canada Business Monitor (Q3 2013). Thirty-seven per cent of the respondents surveyed are optimistic about how the national economy will perform over the next 12 months. In both the first and second quarters of this year, only 26 per cent were optimistic. Fifty-six per cent of those surveyed in the third quarter of 2013 are neutral and just under 10 per cent are pessimistic. While there have been wide spread fluctuations since the quarterly surveys began, economic optimism is now at its highest level since Q2 2011 when 43 per cent of the respondents felt good about the prospects for the Canadian economy. The highest level of optimism for the on-going research is 67 per cent, recorded in the second and third quarters of 2007. “The increase in economic optimism is certainly positive but it must be put into perspective,” says Kevin Dancey , FCPA, FCA, president and CEO, Chartered Professional Accountants of Canada (CPA Canada). “While very few of the respondents are pessimistic, the majority are still not prepared to express optimism. Hopefully, further upswings in optimism lie ahead.” The state of the U.S. economy is viewed as the biggest challenge to economic growth by survey respondents (43 per cent) followed by uncertainty surrounding the Canadian economy (18 per cent). Company optimism is up slightly from last quarter.