Small Business drives the economy - BDC
published in the Hamilton Spectator

According to an Ipsos-Reid/RBC Royal Bank survey conducted last year, some 3.2 million Canadians would like to start their own business and approximately 950,000 of them hope to do so within one year.

For many of Canada's estimated 2.8 million existing small-and-medium-size business owners, money is definitely a motive but it isn't the only reason for going it alone in business. In fact, many aspiring entrepreneurs say they want more control. Eighty-one per cent of Canadians who plan to start a business in the next five years say they want to be their own boss. This compares to 68 per cent who cite income as an important motive. Additionally, 22 per cent think they will be able to take more vacation time.

Small business employs six out of every 10 Canadians making it key to the country's future prosperity. It's extremely important for aspiring entrepreneurs to seek the advice of current business owners, professionals and financial institutions before getting started.
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research for private company

Monetary policy, via the central bank (Bank of Canada), basically uses market forces to bring about price stability, induce high employment, stabilize financial markets and institutions, and to grow the economy (Hubbard, et al., 2015). The two tools available to the central bank are to manage the money supply and the rate of inflation. Both of these tools indirectly affect the main drivers of an economy – firms and households. Because monetary policy comes from the central bank, and not directly from the government, the public may be confused as to why a governing council of a ‘bank’ (and specifically the Governor), rather than the elected government, gets to ‘adjust’ the inflation rate – an important factor in the price of goods and services over time.

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prepared for the International Society for Ecological Economists

Ecological economists must reconcile their fundamental belief that the economy is a sub-set of the environment with what many have been taught, that natural resources are merely one form of capital to be utilized in the production of goods for public consumption. While many ecological economists campaign for a steady-state economy and limits to growth, the paradigm change necessary to promote the economy as but one of the pillars of the ‘sustainability’ remains elusive. Business and the general public have been raised for centuries on the philosophy that economic growth is the only measure of ‘ wealth’ and that the exchange of labour and/or goods for money (and vice versa) are the only metric necessary to acknowledge success.

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