info suisse Oct-Nov 2010 - Chambre de Commerce Canado
Transcription
info suisse Oct-Nov 2010 - Chambre de Commerce Canado
^c[dhj^hhZ Publication of the Swiss Canadian Chamber of Commerce Toronto and Montreal Publication de la Chambre de Commerce Suisse-Canadienne de Toronto et Montréal October/November Octobre/Novembre 2010 Feature: Energy Reportage: l’Énergie www.swissbiz.ca www.cccsmtl.com FOR ALL YOUR ENTERTAINING NEEDS For over 25 years, Swissmar has offered a selection of leading brands from around the world to meet all of your entertaining needs. Our Swissmar brand continues to develop, and has expanded from raclettes and fondues, to wine accessories, bamboo products and cheese knives. Our latest endeavor, Swiss Classic Peelers, use proprietary technology from Switzerland to make them the sharpest and most durable peelers you will ever use! At Swissmar, quality, value and ingenuity are our key commitments for creating entertaining necessities. Our Swissmar brand products are om available in many countries. Visit us at www.swiissmaar.co BEYOND ORDINARY. LEGENDARY. Heritage - Craftmanship - Innovation - Performance - all key elements and commitments from Wenger®, known as the Maker of the Genuine Swiss Army Knife™. The Swiss Military® Watch collection continues the tradition of quality, heritage and Swiss craftsmanship that began more than a century ago with the Swiss Army knife™. Today, the same passion for providing lasting value and timeless design exists in both the Wenger® Swiss Army Knife and the Swiss Military® watch. Visit us at www.swisspeak.com Publication of the Swiss Canadian Chamber of Commerce Toronto and Montreal Publication de la Chambre de Commerce Suisse-Canadienne de Toronto et Montréal FEATURE / REPORTAGE Energy / l’Énergie 4 Changing the World One Solar Panel at a Time 7 Energy efficiency – is it optional? 9 Unis pour le développement durable d’une industrie gazière au Québec BUSINESS AND OTHER NEWS NOUVELLES ECONOMIQUES ET INFORMATION 15 17 18 23 26 28 32 Youth Mobility Program Canada-Switzerland Bruno’s Tip – Never wrestle with a pig! Karin’s Performance Solutions – The Key to Outstanding Results Business News Travel News UBS – Public Debt: The Challenges Ahead Trade Fairs CHAMBER NEWS NOUVELLES DE LA CHAMBRE 2 3 8 12 11, 15 19 & 22 17 20 22 22 25 President’s Message SCCC/Upcoming Events Message du Président CCCS / Evénéments Scholarship Fund Member Profile / Profil d’un membre New Members – SCCC Nouveaux Membres – CCCS SCCC Ontario – 2010 Golf Tournament SCCC 2010 Gala Dinner Dance SCCC Group Health Plan Quote of the Month CONTENTS / INDICE ^c[dhj^hhZ Swiss Canadian Chamber of Commerce (Ontario) Inc. 756 Royal York Road • Toronto, Ontario M8Y 2T6 Tel: (416) 236-0039 • Fax: (416) 236-3634 • E-mail: [email protected] • www.swissbiz.ca BOARD OF DIRECTORS • 2009 – 2010 President / Director: Hans Munger Auto Motion Shade Inc. 400 Bentley Street; Unit 7-11; Markham ON L3R 8H6 Tel: 905-470-6198 x 33 Email: [email protected] Website: www.automotionshade.com Vice-President / Director: Phillip Gysling Mesh Innovations Inc. 174 Hallam Street, Toronto ON M6H 1X5 Tel: 416-871-8159 Email: [email protected] Website: www.meshinnovations.com Second Vice-President / Treasurer/ Director: Urs Villiger RE/MAX WEST REALTY INC. 1678 Bloor Street West, Toronto ON M6P 1A9 Tel: 416-562-7701 Email: [email protected] Website: www.remaxwest.com/UVilliger Secretary & Legal Counsel: Bernard Lette Lette Whittaker LLP 20 Queen Street West, #3300, P.O. Box 33, Toronto ON M5H 3R3 Tel: 416-971-4898 Email: [email protected] Website: www.lette.ca Past President / Director: Ernst Notz Nacora 2 Hunter Avenue, Toronto ON M6E 2C8 Tel: 416-784-2872 Email: [email protected] Website: www.nacora.com Directors: Rudi Blatter Lindt & Spruengli (Canada) Inc. 181 University Avenue, Suite 900, Toronto ON M5H 3M7 Tel: (416) 351-8566 Email: [email protected] Website: www.lindt.com Julien Favre UBS 154 University Avenue, Toronto ON M5H 3Z4 Tel: (416) 345-7033 Email: [email protected] Website: www.ubs.com/1/e/canada Jean-Jacques Henchoz Swiss Reinsurance Company 150 King Street West, # 2200, POB 50, Toronto ON M5H 1J9 Tel: 416-408 0272 Email: [email protected] Website: www.swissre.com Roger Hunziker The Bata Shoe Museum 327 Bloor Street West, Toronto ON M5S 1W7 Tel: 416-979-7799 x 242 Email: [email protected] Website: www.batashoemuseum.ca Sandra Leuba (leave of absence) 136 Curzon Street, Toronto ON M4M 3B5 Tel: 416-616-4251 Email: [email protected] Ronnie Miller Hoffmann-La Roche Ltd. 2455 Meadowpine Boulevard, Mississauga ON L5N 6L7 Tel: 905-542-5522 Email: [email protected] Website: www.rochecanada.com Daniel Oehy Swissmar 35 East Beaver Creek Rd, Unit 6, Richmond Hill, ON L4B 1B3 Tel: 905-764-1121 Email: [email protected] Website: www.swissmar.com Fabian Richenberger Lombard Canada 105 Adelaide Street West; Toronto ON M5H 1P9 Tel: (416) 350-4399 Email: [email protected] Website: www.lombard.ca Urs Uhlmann Zurich 400 University Avenue, 25th Floor, Toronto ON M5G 1S7 Tel: (416) 586-2959 Email: [email protected] Website: www.zurich.ca Andrea Von Moeller B2-125 The Queensway; Toronto ON M8Y 1H3 Tel: (416) 907-8012 Email: [email protected] Website: www.2marketinternational.com Honorary Director: Bernadette Hunkeler Consulate General of Switzerland 154 University Avenue, Suite 601, Toronto ON M5H 3Y9 Tel: 416-593-5371 Website: www.eda.admin.ch Liaison Officer Consulate General of Switzerland: Philippe Crevoisier Consulate General of Switzerland 154 University Avenue, Suite 601, Toronto ON M5H 3Y9 Tel: 416-593-5371 Email: [email protected] Website: www.eda.admin.ch Executive Assistant: Patricia Keller Schläpfer – SCCC 756 Royal York Road, Toronto ON M8Y 2T6 Tel: (416) 236-0039 Fax: (416) 551-1011 E-mail: [email protected] Website: www.swissbiz.ca Electronic Typesetting and Assembly: Nancy Raitt @ corptype Printed by: J. B. Deschamps 2 INFO SUISSE Dear Members, As the feature for this issue we chose “Energy”, which, I am sure has kept many conversations alive and has stirred heated discussions amongst many of us for some time now. No day seems to go by where there is not some news on energy conservation, energy waste, energy cost and new sources of energy in any of the daily newspapers, magazines and on the internet. Different aspects of energy come up on a regular basis in our business environment as well as in our private lives. Nowhere does this strike me more than in Switzerland, where I am currently while writing this article: lights turn on/off automatically as one enters a room, heating is either not yet turned on or only very lightly (and no, A/C is not felt to the bones in any of the restaurants I have been, contrary to Toronto, where often I feel like a piece of meat in a deep freezer!). It seems that in a place where so many people are that conscious about energy, we automatically join “the movement” – or feel guilty if our energy consciousness has left our mind by mistake for a minute, like when a Swiss passenger in my car has to remind me to shut off the engine at a long red traffic light or at a closed railway crossing! Switzerland has in no small way been at the forefront of alternate energy for some time now: from the Swiss solar mobile that made its trip around the world (with stop in Toronto) to Bertrand Piccard’s solar powered plane “Solarimpulse” that flew throughout the night on enough solar power from a day charge, Swiss companies and institutions have become pioneers in this field. Just recently, a Swiss solar powered catamaran named “Planet Solar” launched for her trip around the world (see more on this in the Travel Section in this issue). All such spectacular searches for alternate energy sources should be applauded even though they might not yet be commercially viable, but so should any small efforts that all of us have the ability to undertake in trying to consciously save energy: maybe by simply reminding our children to switch off the lights in rooms they just left, turning off the car engine instead of idling for several minutes while running an errand or to forgo the so often seen 15 minute car-warm-up on a cold winter day. We all have our own unique ways of contributing. It never stops to amaze me how passionate some people can be when it comes to energy conservation, only to miserably neglect to walk the talk when it comes to their own wallet or effort. By setting examples, we become leaders, contributing in our small way towards using and managing our energy wisely. I am looking forward to seeing many of you at our forthcoming Dinner & Dance on Saturday 20th November at the King Edward Hotel. It promises to be a magical night……! Sincerely, Hans Munger, President 2010 COMING EVENTS November 20: Gala Dinner Dance at Le Meridien King Edward Hotel – Swiss Magic Night; Cocktails 7:00 pm, Dinner 8:00 pm Further Information can be found on www.swissbiz.ca/upcoming_events or (416) 236-0039 La Chambre de Commerce Canado-Suisse de Montréal Inc. Swiss Canadian Chamber of Commerce (Montreal) Inc. 1572 Avenue Docteur Penfield, Montréal, Qué. H3G 1C4 • Tél: (514) 937-5822 • Fax: (514) 954-5619 • E-mail: [email protected] • Web site: www.cccsmtl.com CONSEIL D’ADMINISTRATION / BOARD OF DIRECTORS 2008 – 2009 Présidente / President Me Monica Schirdewahn Avocate / Lawyer Lette & Associés Tel: (514) 871-3838, # 213 Fax: (514) 876-4217 E-mail: [email protected] Secrétaire / Secretary Mr. Raphaël Delacombaz Director UBS Bank (Canada) Tel: (514) 985-8104 Fax: (514) 985-8128 E-mail: [email protected] Vice-présidents / Vice-Presidents Mr. Jean Serge Grisé Conseiller en affaires publiques Tel.: (450) 674-2251 E-mail: [email protected] Mr. Olivier Schlegel General Manager for Canada Swiss International Air Lines Tel: (514) 954-5600, # 6610 Fax: (514) 954-5619 E-mail: [email protected] Trésorier / Treasurer Mr. Othmar Widmer Consultation Widmer Tel.:(514) 290-4822 E-mail: [email protected] Directeurs / Directors Mr. Jacques Demont Managing Director Nespresso Tel. : (514) 287-1222 [email protected] Mr. Ch. Dubois Conseiller de la Ville Ville de Montréal (Arrondissement Pierrefonds-Roxboro) Tel. : (514) 624-1488 Fax : (514) 624-1415 [email protected] Me Jean-Marc Ferland Avocat Ferland, Marois, Lanctot Tel.: (514) 861-1110 Fax: (514) 861-1310 E-mail: [email protected] Mr. Moritz Gruber Président System Huntingdon Inc. Tel.: (450) 264-6122 Fax: (450) 264-6066 E-mail : [email protected] Mr. Olivier Rodriguez Responsable service bourse Mirabaud Gestion Inc. Tel.: (514) 393-1690 Fax: (514) 875-8942 E-mail: [email protected] Mr. Bruno Setz Consultant Tel.: (514) 767-5123 E-mail : [email protected] Mr. Paul Wieser PDG pour le Canada Busch Vacuum Technics Inc. Tel: (450) 435-6899 Fax: (450) 430-5132 E-mail: [email protected] Directeur honoraire / Honorary Director Mr. Claude Duvoisin – Consul général Tel: (514) 932-7181 Fax: (514) 932-9028 E-mail: [email protected] Liaison au Consulat général de Suisse Mr. Markus Osterburg – Consul Tel: (514) 932-7181 Fax: (514) 932-9028 E-mail: markus.osterburg@eda,admin.ch Conseiller juridique / Legal Counsel Lette & Associés Tel: (514) 871-3838, # 213 Fax: (514) 876-4217 E-mail: [email protected] Responsable de l’administration / Administration Officer Mr. Andreas Kräuchi Tel: (514) 937-5822 Fax: (514) 954 5619 E-mail: [email protected] Chers Membres, L’énergie: un des sujets les plus controversés de notre époque. Nous en avons tous entendu parler dans les médias. Beaucoup d’entre nous se sont faits une opinion et quelques un tentent même d’en limiter leur consommation. De par la chance que nous ayons au Québec de bénéficier d’une abondance d’énergies de toutes sortes et de prix généralement bas pour celles que nous utilisons au quotidien, ne courrons-nous pas par conséquent le grand risque d’être théoriquement intéressés par le sujet mais moins activement impliqués à faire une priorité de la recherche d’une solution ? Montréal a récemment accueilli le Congrès Mondial de l’Énergie et ouvert le dialogue entre des compagnies de partout dans le monde. Les compagnies suisses étaient représentées et ont partagé leurs impressions sur le congrès. A un niveau différent, cette édition de l’Info Suisse amène la Chambre à participer également à ce dialogue sur le sujet de l’énergie et fournit matière à réflexion de la part de nos rédacteurs sur les différents aspects de ce thème. Dans cette édition, nous pouvons lire des articles sur des sources d’énergie qui ont été un sujet chaud récemment dans les nouvelles québécoises, apprendre sur quelques mesures qui sont déjà prises en Suisse et être mis au défi sur ce que nous pouvons faire dans nos affaires pour économiser de l’énergie. J’espère que vous apprécierez votre lecture et je nous souhaite à tous (moi comprise) que cela nous permettra de poser des actes concrets dans nos vies personnelles et professionnelles dans le futur. Cordialement, Dear Members, Energy: One of the most controversial topics of our time. We all hear about it in the news, many of us have an opinion and some of us even try to reduce our spending of it. Lucky as we are in Quebec to benefit from an abundance of energy from various sources, and the generally low price of the energy that we use in our daily lives, are we not thereby at a greater risk of being theoretically interested in the topic but less actively involved in addressing the issue as a priority item? Montreal recently hosted the World Energy Congress and opened dialogue between companies from all over the world. Swiss companies were represented and shared their feedback about their impressions of the Congress. On a different level, this present issue of Info Suisse brings the Chamber into a dialogue regarding energy, and provides thought-provoking input from our contributors on different aspects of the energy theme. In it, we can read about energy sources that have been a hot topic in Quebec news recently, learn about some measures being taken in Switzerland, and be challenged as to what we can do in our businesses to save energy. I hope you will enjoy the reading, and wish us all (myself included) that it will bring us one step closer to concrete actions in our personal and business lives in the future. Sincerely, Monica Schirdewahn EVÉNÉMENTS / UPCOMING EVENTS 5 octobre 2010/ October 5th, 2010 Cocktail d’ouverture de la saison / Season opening cocktail 13 octobre 2010 / October 13th, 2010 Visite industrielle / Industrial visit Busch Vacuum Technics 26 octobre 2010/ October 26th, 2010 Carrefour Europe / Carrefour Europe Novembre / November Soirée Fondue / Fondue Evening INFORMATION et détails/and details : www.cccsmtl.com ou/or (514) 937-5822 O C T O B E R /N O V E M B E R 3 Energy / l’Énergie CHANGING THE WORLD ONE SOLAR PANEL AT A TIME By Michael Zimerman of Group IV Solar The era of cheap energy is over. The future price of fossil fuels will be significantly higher than that enjoyed by the previous generation. This is as much a function of resource constraints as it is a matter of changing public policy. Not only must we “reach-further” to replenish the depleted marginal barrel of oil reserves (for example, via expensive deepwater drilling or oil-sands production), but we are also starting to ‘price in’ the true ecological and human cost of our carbon-based economy. Specifically, burning a barrel of oil or ton of coal has an effect on our natural environment and increases our health care burden via the pollution produced. Within the realm of electricity generation, the public view of traditional fossil fuels such as coal, oil and natural gas is decidedly negative. Recent events in the Gulf region are a prime example of this. Furthermore, carbon-free alternatives to fossil fuels such as nuclear power projects have decade long lead-times, difficult licensing processes, extremely high capital costs with a nearcertainty of cost overruns, face rising input prices and require extensive human capital which has collapsed since the nuclear heyday of the 1970’s. While the perception of the operating safety of nuclear plants has improved compared to the decade that brought the Chernobyl disaster and Three Mile Island, a long-term storage solution to hazardous nuclear waste has proven elusive thus far. Therefore in many cases, these projects are still met by a skeptical if not hostile public. 4 INFO SUISSE Short-term effects of the recession notwithstanding, rising overall energy demand is a reality as emerging economies assume an increasingly important role in determining global energy balances. Indeed, between 2007 and 2035 the EIA estimates that energy consumption in non-OECD countries will grow over 84% compared to a paltry 14% in the developed world (Figure 1). To put this in context, populations are forecast to increase 30% and 13%, respectively. So where will the energy production come from to essentially drive this much-needed increase in global standards of living? (Figure 2) In absolute terms, sadly the answer is more oil, natural gas and especially more !LLOVERTHE7ORLDIN)NDUSTRY 7ELCOMETOTHE7ORLDOF" 7ELCOMETOTHE7ORLDOF"USCH6ACUUM A large selection of vacuum pumps with different principles of operation and design sizes, as well as the construction of individual vacuum systems, enables the exact solution for every application. Busch’s worldwide customer service is always near. With over 45 years of experience, we will provide you with the answers to your vacuum and pressurised air problems. Busch is present with its vacuum technics all over the world. The company has several production plants in Europe, USA and Asia. With 55 companies in 38 countries and sales agencies in more than 30 countries, we are strategically positioned throughout the world to provide our customers with the essentials for success. 6ACUUM0ACKAGINGs0HARMACEUTICALAND#HEMICAL)NDUSTRYs0NEUMATIC#ONVEYING &OOD4ECHNOLOGYs0LASTICS)NDUSTRYs4HERMOFORMINGs-ANIPULATINGAND(ANDLINGs0RINTING)NDUSTRY 7OOD7ORKING)NDUSTRYs0ACKAGINGs%LECTRICALAND%LECTRONIC%NGINEERINGs3EMICONDUCTOR)NDUSTRY %NVIRONMENTAL%NGINEERINGs2ENEWABLE%NERGIESs"RICK-AKINGAND#ERAMICSs-ETALLURGY 0APER)NDUSTRYs-EDICINEs"EVERAGE)NDUSTRYs!UTOMOBILE)NDUSTRYs-ILKING)NDUSTRYs3OLAR)NDUSTRY &OUNDRY-ACHINERYAND%QUIPMENTs4EXTILE)NDUSTRYs2ESEARCHAND,ABORATORY "USCH6ACUUM4ECHNICS)NCs,IONEL"ERTRANDs"OISBRIAND1UÏBEC*(. "USCHDIRECTs4ELs&AX INFO BUSCHCAsWWWBUSCHCA coal with these fuels accounting for roughly 70% of this increase. While the renewable energy sector will likely remain relatively small as a proportion of overall energy production (<15%), renewables will be the fastest growing means by which our hunger for energy will be satisfied (Figure 3). There are several reasons behind this trend. For example, in sharp contrast to the nuclear example above, building a solar photovoltaic (PV) plant is very quick and straightforward. Additionally, rapidly declining costs across the supply chain and technological advancements means that grid parity (where the cost of clean power equals that of polluting technologies) will be reached much sooner than generally anticipated only a few years ago. However, the factor perhaps most responsible for the impressive growth trajectory of renewables is the broad based support that the industry enjoys. Public perceptions are extremely favourable with solar considered to be amongst the most desirable power sources by US citizens for example. Drivers of the above perceptions include the fact that once installed solar PV is soundless, nearly invisible, poses no health or environmental hazard, produces zero pollution, has the potential to make use of otherwise low value real estate, induces a sense of social good and, most importantly, utilizes a limitless yet free fuel supply. Furthermore, decommissioning a solar plant after it’s 30 plus year life span is also simple because most components of the system, including solar cells, are entirely recyclable. Planning for the long-term also ensures that these projects have very little impact on the host site making remediation virtually painless, especially when compared to other technologies. Additionally, the production and consumption of electricity is often separated by great distances: a suitable site for a hydro dam may be in a remote location or the low calorific content of a given coal deposit may necessitate a mine-mouth type of operation. The transmission and distribution system not only results in significant electrical losses, but it is also expensive to build-out, partly because reliable service requires redundant lines. Even with redundancy, disruptions in one part of the grid can lead to outages across a much wider range. There is therefore a distinct advantage to generating power at the location where it will be used. Rooftop solar PV is a perfect example of how urban centres, which represent some of the largest electrical loads, can contribute to a relatively more decentralized electric grid. So the question remains: with the tremendous growth potential found in the renewables space, how can regulators attract the investment needed to drive project development and foster the highvalue “green collar” skills relevant to the 21st century? Because we still don’t have a mature market for externalities such as carbon or pollution and grid parity has yet to be reached, free market forces will not propel us down this path. Clearly governments will need to take an active role in creating policies that conform to the principles held by the public with respect to environmental issues. This means some form of non-market intervention which typically includes one or more of the following: preferential pricing through feed-in tariffs (FITs), favourable tax treatments or investment tax credits, tradable Renewable Energy Certificates or setting specific targets for the percentage of renewables in the overall energy mix. History has shown that feed-in tariffs are the most effective means of promoting sec- How Switzerland lives, how it thinks, what drives it. The swissinfo.ch news and information platform reports daily from Switzerland, about Switzerland. An interactive multimedia website in nine languages. O C T O B E R /N O V E M B E R 5 Energy / l’Énergie toral activity with Germany being a prime example of the successful implementation of a FIT regime. Since Germany began its FIT program in 2000, the domestic photovoltaic solar power industry had grown to an international powerhouse with 9,677 megawatts of installed capacity by year-end 2009 (compared to 3,595 MW in Spain 2,628 MW in Japan, 2,108 MW in the US, Figure 4), 300,000 jobs created, Ð500M of annual investment in equipment manufacture facilities and an aggregate investment in renewables totaling some Ð30B. Ontario is the new kid on the block with the May 14, 2009 passage of the Green Energy Act (GEA) and FIT program launched by the Ontario Power Authority. However, amongst other facets of the GEA, the act is the most ambitious regime for fostering the development of renewable energy in North America and demonstrates clear leadership and commitment to this arena by policy makers. Currently, coal fired plants account for 18% of all of the installed power generation capacity in the province of Ontario. However, the provincial government committed to a complete phase out of this form of electricity having passed legislation to this effect in 2005. 2,400MW has already been decom- 6 INFO SUISSE missioned, another 2,012MW is scheduled to go off-line this year with the remaining 4,488MW expected to be shuttered by 2014. This is the largest greenhouse gas reduction initiative in North America. Under the auspices of the FIT program, it is not unrealistic for the renewable energy industry to post a compound annual growth rate of 15-20% over the next 15 years to help fill this gap. Additionally, the program aims to create 50,000 new “green collar” jobs by 2012. Group IV Solar is an example of one company that is an active participant in this seismic shift in the industrial landscape of Ontario. By pushing forward with the development of our two flagship solar farms, we aim to supply the energy needs of over a thousand homes which is the equivalent of taking 1,800 cars off the road for 20 years. Furthermore, the Group IV Solar mandate extends beyond merely reducing our collective dependence on fossil fuels as 10% of our profits support local charitable organizations. Indeed, but for the GEA and FIT program, companies such as Group IV Solar would not exist. A common criticism of our peer group is that we operate in a subsidized industry. Insofar as the FIT rate is above market prices this may be true, however these rates must compensate for the higher cost of producing power using renewable technologies while providing a fair rate of return to the capital that the government wishes to flow into the sector. Furthermore, it is not commonly appreciated that the oil industry currently receives ten times the subsidies as renewables, or over half a trillion dollars per year. Finally, FIT rates will inevitably come down (and indeed they have already done so less than a year after program launch) as costs come down and it is this author’s sincere desire that this industry be subsidy free— for this would mean that we have reached grid parity thus leaving the antiquated and dirty technologies that have fueled the last 150 years of industrial development behind and putting us on a path whereby future generations can freely share in the enlightened and creative capacity of humanity with clean air, earth and water. Michael Zimerman has a B. Sc. From the University of Winnipeg and an MBA from the University of Toronto. Mr. Zimerman worked at BMO Capital Markets in commodity strategy before founding ■ Group IV Solar. Vivian Doyle-Kelly, President of Eco-Watt Inc., a Montreal-based energy consultancy. ENERGY EFFICIENCY – IS IT OPTIONAL? by Marlene Shoucair There is much discussion in the news today about more efficient and “greener” methods of energy generation – solar, wind, geothermal, to name a few – but far less time and focus are devoted to what is probably our single, greatest energy resource: energy efficiency. In a series of briefings on Capitol Hill featured in a June 2010 article in Discovery Magazine, James D. McCalley, electrical and computer engineer at Iowa State University, maintains that a stunning 57% of energy ends up wasted. Referred to as the “low hanging fruit” of the troubled energy sector, energy efficiency represents for many a viable solution with a value proposition difficult to ignore. A major study by McKinsey in the USA estimates that a $520 billion investment could result in $1.2 trillion of energy savings. In Canada, rising energy demand coupled with energy price increases is putting a strain on consumers and businesses alike. While there have been improvements, efficiency measures have not kept pace with the burgeoning demand. In a joint report released by the 2007 Council of Energy Ministers, it was estimated that between 1990 and 2004, the demand in Canada for energy increased by 23%, while its energy efficiency improved by an estimated 14%. Consider, too, the impact of energy waste in the form of unnecessary carbon emissions, lost productivity, reduced profitability and lack of competitiveness in difficult economic times. So, why aren’t CEOs more attentive to energy efficiency? Most can’t spare the time to become an efficiency expert, according to Vivian Doyle-Kelly, President of Eco-Watt Inc. – www.ecowatt.ca – a Montreal-based O C T O B E R /N O V E M B E R 7 Energy / l’Énergie certified energy consultancy. “Electricity costs recur each year in operating budgets, so they’re accepted as a “built-in” cost of doing business.” Add to that the fact that, for most, energy constitutes about 2% of the cost of doing business, so it’s not high on the priority list. Yet, a small, risk-free investment in energy savings yields one of the highest returns. Amory Lovins, co-founder of the Rocky Mountain Institute – an entrepreneurial think tank that develops and implements solutions for energy and resource efficiency – contends that executives often forget where saved overhead goes - straight to the bottom line. He cites an example of one Fortune 500 company whose engineer had cut $3.50 per square foot per year off energy costs in one of the company’s plants. Hypothetically, if they achieved the same result in their 92 million square feet of facilities worldwide, their total net earnings would rise by over 50%. A former CEO of one of the Financial Post’s 50 Best Managed Private Companies in Canada, Doyle-Kelly provides single, turnkey solutions to a market that is increasingly receptive to the idea of changing the way it uses – and misuses – its energy resources. “Our experience is that efficiencies are available in commercial and industrial applications, such as motors, lighting, refrigeration, and air conditioning, which will improve the bottom line rapidly. This is achieved with an energy audit and a cost-effective retrofit project that will typically have an attractive return on investment,” he confirms. In Canada, there is support available for audits and projects through Natural Resources Canada’s Office of Energy Efficiency at www. oee.nrcan.gc.ca and from utilities that also provide incentives. Eco-Watt begins by evaluating the facility as a whole and creating an energy plan that reduces energy costs. It works with the company’s electrical distribution system and, simply put, it fixes the inefficiencies. At an injection molding plant in Montreal, for example, an Eco-Watt client experienced a 7.7% decrease in annual kilowatt hour consumption after treatment of its production machinery only. At a municipal sports complex, a new lighting installation reduced the cost of lighting by 56%. In an industrial setting, where minimizing cost is ever more important, and in commercial buildings, where owners can achieve competitive advantage by reducing tenant costs, energy efficiency is a smart investment with a compelling ROI. Still, adopting energy efficiency practices is largely optional…but for how much longer? In the USA, legislation is taking root that will remove the biases that favor supply over efficient use, and environmental taxes and stricter standards for appliances, vehicles and buildings are also being implemented. Initiatives such as the 2,000 Watt Society proposed by the Swiss Council of the Federal Institute of Technology, which G aims to reduce the nation’s per capita consumption of energy, are also shifting global perspectives. It may not be the carrot or the stick that ultimately determines our energy use practices, Doyle-Kelly believes. As the energy debate continues to challenge the way we think about energy, the groundswell of public demand for companies and products that place a high importance on energy efficiency will inevitably separate the leaders from the pack. Marlene Shoucair is a senior communications consultant based in Montreal ■ [email protected] SCHOLARSHIP FUND OF ONTARIO The Swiss Canadian Scholarship Fund of Ontario is pleased to offer yearly scholarships. It is open to members of the SCCC and the Swiss Community in Ontario. To find out more about the availability and eligibility criteria, please visit the Ontario Chamber’s website at: www.swissbiz.ca/scholarship lobal relocation is a people business. At TheMIGroup, our central theme has always been to train and empower our people to deliver solutions that result in satisfied customers and successful outcomes. Contact us, we’d love to talk to you. Toronto Office Tel: 888-677-4650 [email protected] www.themigroup.com London, UK Hong Kong Atlanta Chicago Houston Los Angeles New York Philadelphia San Francisco Calgary Montreal Toronto Vancouver TheMIGroup’s Global Alliance of Relocation Service Providers 8 INFO SUISSE Bridging Continents & Cultures UNIS POUR LE DÉVELOPPEMENT DURABLE D’UNE INDUSTRIE GAZIÈRE AU QUÉBEC Article écrit par l’Association pétrolière et gazière du Québec (APGQ) Moins de deux ans après sa fondation, l’Association pétrolière et gazière du Québec (APGQ) a réussi, par son dynamisme, à rassembler autour d’elle, les forces vives de cette industrie naissante au Québec. L’APGQ regroupe des entreprises de tout horizon (locales, nationales et internationales) qui agissent comme pionnières dans l’exploitation des richesses énergétiques du sous-sol québécois. Si le Québec est aujourd’hui entièrement dépendant pour ses besoins domestiques en pétrole et en gaz, il peut entrevoir l’avenir sous un jour différent. C’est pour ses réserves de gaz de schiste, principalement, que le Québec peut aspirer à devenir un producteur de gaz naturel. Le Québec pourrait ainsi diversifier son portefeuille énergétique qui s’appuie aujourd’hui sur l’hydroélectricité. C’est dans les basses-terres du SaintLaurent que se concentrent de véritables réservoirs de gaz. On les appelle les Shale d’Utica : une roche sédimentaire riche en matière organique vieille de 450 millions d’années. Le Shale d’Utica parcourt la vallée du Saint-Laurent, entre Montréal et Québec. Cette roche, peu poreuse, offre une faible perméabilité. Les nouvelles techniques de fracturation hydraulique permettent maintenant de stimuler ces shales afin de libérer leur contenu en gaz. Les premières estimations établissent ces réserves à plusieurs trillions de pieds de cubes de gaz naturel, de quoi rendre le Québec autosuffisant durant de nombreuses décennies. L’APGQ, que préside André Caillé, autrefois président de Hydro-Québec, la société d’État régissant l’exploitation, le transport, la distribution et la vente d’électricité, estime que les activités de ses membres et partenaires pourraient générer des milliards de dollars d’investissement – un milliard seulement au cours des six prochaines années – si leurs RÔLES D’INFORMATION ET DE REPRÉSENTATION projets connaissent le succès commercial espéré. De quoi créer des milliers d’emplois au Québec, des emplois de qualité et bien rémunérés. Quant aux retombées économiques, elles sont évaluées à près de 300 millions de dollars annuellement. Un scénario de développement plus accentué ferait même gonfler cette somme. Jusqu’ici, les premières entreprises qui ont fait preuve de vision en se lançant dans l’exploration des shales gazéifères ont déjà investi plus de 100 millions de dollars pour confirmer ce potentiel énergétique. Et il faut savoir que les premiers programmes d’exploration remontent à 2008, seulement. Les membres de l’APGQ se sont engagés à mettre en place les moyens nécessaires pour assurer une bonne communication et la circulation des informations auprès des gouvernements, des municipalités et particulièrement auprès des citoyens concernés. Que ce soit individuellement ou par le biais de l’association, l’industrie gazière a tenu de nombreuses séances d’information dans les communautés où se déroulent les activités d’exploration. C’est un mandat aussi délicat qu’essentiel puisque c’est la première fois que le Québec est ainsi visé par le développement d’un tel potentiel. Entre la banque fondée à Genève en 1819 et la marque désormais présente sur 3 continents, il y a tout un monde de nouvelles opportunités pour nos clients. Mais c’est toujours avec la même volonté d’excellence que Mirabaud peut, aujourd’hui, vous faire profiter de ses compétences sur un large territoire de produits et services financiers : gestion privée et institutionnelle, fonds traditionnels et alternatifs. /UVERTUREÀQUILIBRE MIRABAUD Gestion Inc. Yves Erard MIRABAUD Canada Inc. Olivier Rodriguez 1501, avenue McGill College Bureau 2220 T +1 514 393-9748 F +1 514 393-1828 Montréal (Québec) H3A 3M8 www.mirabaud.com O C T O B E R /N O V E M B E R 9 Energy / l’Énergie Pour l’industrie, ce devoir de communiquer, qu’elle assume avec la plus grande transparence, lui permettra de mieux faire connaître les pratiques en vigueur au Québec et renseigner le grand public sur les méthodes qu’envisage d’employer l’industrie pour développer ce gaz naturel enfermé dans la couche sédimentaire des basses-terres du Saint-Laurent. D’ailleurs, une campagne d’information a été lancée en septembre 2010, illustrant que l’industrie désirait s’implanter dans le plus grand respect des occupants du territoire. Les entreprises qui se retrouvent au sein de l’APGQ sont de toutes tailles, certaines étant des entreprises publiques à capital-actions inscrites sur les parquets boursiers canadiens, d’autres dont le capital est fermé et privé. La présence de sociétés de l’Ouest canadien où l’extraction de gaz est concentrée actuellement au pays, ou encore de compagnies américaines témoigne de la qualité des gisements découverts au Québec. 10 INFO SUISSE L’APGQ a tenu en 2009 sa première Conférence annuelle qui a su rassembler quelque 300 participants. Ce fut l’occasion, tant pour les entreprises gazières actives au Québec que pour les fournisseurs de services, de se réunir et d’échanger sur le développement futur de cette filière énergétique québécoise. La deuxième Conférence annuelle se tiendra les 25 et 26 octobre 2010 et déjà le nombre d’inscriptions dépasse celui de l’année dernière ce qui confirme le développement de cette industrie au Québec. Pour alimenter les discussions qui auront cours pendant cette Conférence annuelle, un grand nombre d’invités internationaux y participeront afin de bonifier et diversifier les sources des connaissances. Au rang des conférenciers invités, on compte la ministre des Ressources naturelles et de la Faune et vice-première ministre du Québec, Mme Nathalie Normandeau, la présidente et chef de la direction de Gaz Métro, Mme Sophie Brochu, et des dirigeants d’entreprises fort respectés comme M. Mike Wood, de Talisman, M. Trevor Sloan, de Ross Smith Energy et M. Robert Cluff, de The Discovery Group. Ces derniers traiteront des défis techniques que représente l’exploitation des Shales d’Utica ou les gaz de schiste hors Québec, d’approvisionnement en gaz en Amérique du Nord et des investissements nécessaires pour l’exploitation des nouvelles sources de gaz naturel. La Conférence offre aussi à tous ceux qui œuvrent dans cette industrie, un volet exposition qui sert de vitrine pour présenter les produits, services et informations sur le gaz. La superficie dédiée à cette fonction a été élargie cette année afin de satisfaire la forte demande. UNE CHANCE UNIQUE Bien sûr, l’APGQ garde le cap sur son objectif principal : le Québec doit saisir cette chance unique de diversifier son bilan énergétique et permettre le développement d’une industrie qui contribuera à son essor économique pour les décennies à venir. À ce jour, la consommation annuelle de gaz naturel au Québec avoisine les 215 milliards de pieds cubes, accaparant ainsi environ 12,6 % de la consommation énergétique totale. Au Québec, c’est surtout le secteur industriel qui est friand de gaz (55 % de ses besoins) et dans une moindre mesure le secteur commercial (31 %). Le secteur résidentiel, bien que son poids de la consommation générale soit bien moindre (11 %), connaît une croissance significative depuis l’année 2000.Présentement, c’est l’Ouest canadien, au moyen de gazoducs, qui achemine la matière première jusqu’au Québec, là où Gaz Métro prend le relais afin de la distribuer aux quatre coins de la province à tous ceux qui privilégient cette source d’énergie. Ce mode de transport a bien sûr un impact environnemental, mais surtout un coût financier. Le prix du gaz naturel facturé aux consommateurs québécois est un des plus élevés en Amérique. On peut donc extrapoler qu’une production domestique de gaz commercial culminerait à un fléchissement des prix, rendant les installations des utilisateurs industriels et commerciaux beaucoup plus compétitives, au bénéfice de l’emploi et de la richesse individuelle et collective. Au final, le Québec marquerait son indépendance pour son approvisionnement futur. Les avantages ne sont pas qu’au niveau économique mais aussi au niveau de l’environnement. En effet, le gaz naturel, lorsqu’il remplace le charbon ou, comme c’est plus souvent le cas au Québec, quand il remplace l’utilisation du mazout, il représente une très importante réduction des gaz à effet de serre. Le gaz naturel, ne n’oublions pas, se veut l’énergie fossile la plus propre et l’accord de Kyoto l’a d’ailleurs identifié comme une solution afin de réduire les émissions de gaz à effet de serre en Amérique du Nord. C’est donc en s’appuyant sur ces faits et surtout sur les communautés qui les accueillent que les membres de l’APGQ sont unis pour le développement durable d’une industrie gazière au Québec. ■ WELCOME NEW MEMBER SCCC (ONTARIO) INC. New Personal Member: Barbara Sutton Neuchâtel Junior College 44 Victoria Street, Suite 1310 Toronto, ON M5C 1Y2 416-368-8169 ext 223 [email protected] http://www.njc.ch Visit a Lindt Outlet Boutique and discover a wide selection of irresistible Lindt Chocolates and gifts at delectable deals. Mississauga Lindt Warehouse Outlet Boutique 7090 Kennedy Road Mississauga, Ontario 905.696.8143 Scarborough Lindt Outlet Boutique 2250 Markham Road Scarborough, Ontario 416.292.4029 Etobicoke Lindt Outlet Boutique The Queensway Commons 1557 The Queensway Etobicoke, Ontario 416.255.1388 Kitchener Lindt Outlet Boutique Tulane Power Centre 4500 King Street East, Unit 4 Kitchener, Ontario 519.650.9141 Toronto Eaton Centre Lindt Boutique Sears - Sublevel 1 290 Yonge Street Toronto, Ontario 416.593.7719 Pointe-Claire Lindt Outlet Boutique Méga Centre des Sources 58, boul. Brunswick, unité B Pointe-Claire, Québec 514.695.3392 Ottawa Lindt Outlet Boutique 1763 St. Laurent Blvd. Ottawa, Ontario 613.260.5898 Brossard Boutique Outlet Lindt Quartier DIX30 7200 boul. du Quartier, unité 45 Brossard, Québec 450.678.8176 www.lindt.com O C T O B E R /N O V E M B E R 11 Member Profile MARCHÉ INTERNATIONAL – THE COMPANY Marché International is one of the leading gastronomy companies specializing in highquality dining concepts at highly-frequented locations. Marché International is a 100 % subsidiary of Mövenpick Holding, a multinational hospitality group based in Switzerland. The core business of Mövenpick is: • Gastronomy = Marché International • Hotels & Resorts • Wine Retail • Food Licence Product Its brand names “Marché® Freshness Restaurant”, “Marché® Natural Bakery”, “Cindy’s Diner” and “Mövenpick Restaurants” are know the world over and the company presents a well-rounded and top-class offering at airports, highway rest stops, centrally-located train stations and city center locations. International. The first steps that needed to be undertaken involved decentralization and streamlining. A vast majority of these early energies were spent on the development of new products and on the training of the staff – areas that were soon recognized as the key points for the new structure. This new concept for success included on the one hand the offering of only few ingredients, but on the other hand, these articles should be of the highest possible quality, seasonal in nature and, wherever possible, regional in their source. Simple recipes should be eloquently prepared and include a clear reference to the company’s Swiss ancestry. Another step toward a successful re-launch of the company was the rekindling of the concept of “RDT”: Research Development Training. This involved the decentralized development of new products. Carefully selected locations acted as “test kitchens” for two or three centrally-defined themes. As soon as the new recipe is ready for its debut, employees from other restaurants would arrive in order to pick up on the know-how of the product developers. Since October 1, 2009 the division Marché International includes besides the Mövenpick Restaurants at airports and highways the classic Mövenpick Restaurants in the city centers. SUCCESSES AND AWARDS Thanks to the strict and consistent implementation of this freshness and quality strategy, Marché International, with its Freshness Concept Marché®, has won numerous awards from within the gastronomy industry, customer recognition prizes and tests. Among these were not only their selection as one of the two best rest stops in Europe (ADAC) and the best rest stop anywhere in the world (BBC Group), the best gastronomy concept in Germany, the best rest stops in Austria and the best rest stops in Switzerland. In 2008, Marché International received the highly-coveted German Gastronomy Prize for the most successful re-launch and the repositioning of the Marché® brand name. The jury’s comments, when they explained MARCHÉ® – YESTERDAY AND TODAY The first Marché® restaurant was opened in 1983 in Stuttgart, Germany, and this also meant the birth of a completely new kind of dining experience, one that would inspire an entire gastronomy industry across all of central Europe - the restaurant as a market square. After a strong start and a period of rapid expansion, the situation deteriorated quickly. The lack of strategy for continued development and the necessity to make dramatic compromises in the conceptual design always have their consequences. In 2003, the Mövenpick Holding Board of Directors decided in favor of a major restructuring campaign and charged Oliver Altherr, the newly appointed CEO of the company, to direct the independent business unit, Marché 12 INFO SUISSE FINECAST High Precision Machining / Machinage de Haute Précision Our consultative approach, our complete solution-based machining service, and our innovative abilities in technological multi-sector industries continue to expand our horizons. Notre approche consultative, notre service d’usinage à base d’une solution complète et nos capacités novatrices dans les industries multi-sectorielles continuent à développer nos horizons. ________________________ 208 Migneron Saint-Laurent, QC H4T 1Y7 ________________ www.finecast.ca Tel : 514-331-0322 Fax : 514-331-0261 [email protected] their reasons for selecting Marché International, included: “CEO Oliver Altherr has successfully and positively ‘infected’ more than 3,500 employees with the same passion he feels for the product and has inspired them to conjure their top levels of performance.” Address of the business sector Marché Restaurants Schweiz AG Alte Poststrasse 2 CH-8310 Kemptthal Management Oliver Altherr, CEO Hermann Ircher, CCO Burkhard Kahre, CFO Markus Greiner, Director Operations Ownership Geographical emphasis 100% Mövenpick Holding AG Locations Outlets* (per 15 August 2010) Switzerland (market leader) Germany Austria Slovenia (market leader) Norway (market leader) Hungary Croatia Asia (Singapore, Indonesia, South Korea, Malaysia) Canada Total 36 30 3 17 11 7 8 52 109 12 18 14 9 18 7 3 122 8 3 243 * (each business presence can offer different business concepts) Business concepts Marché® Restaurants, Marché® Natural-Bakery, Marché® Bistro, Cindy’s Diner, Mövenpick Restaurants, Highway hotels, hotels, travel shops, Burger King®, Gosch, coffee & bar concepts at airports, motorways and in towns. Total sales 2009 Marché International Sales own and leased operations Sales management and franchise Operations Total sales 2009 Mövenpick Restaurants Sales own and leased operations Sales management operations Seats 2009 Hotel rooms 2009 CHF 334.9 Mio. CHF 315.6 Mio. CHF 19.3 Mio. CHF 91.8 Mio. CHF 70.3 Mio. CHF 21.5 Mio. 36,973 464 Number of guests 2009 34.7 Mio (excluding management and franchise outlets) Total number of employees (FTE*) 3868 *FTE = full-time equivalents per 31.12.2009 O C T O B E R /N O V E M B E R 13 An investment in research is an investment in hope. Roche is a leader in the research and development of pharmaceutical and diagnostic solutions that look beyond today’s horizons and make a profound difference in people’s lives. Working in partnership with healthcare practitioners from across the country, we have opened the door to countless new possibilities in the discovery, treatment and management of acute and long-term disease. www.rochecanada.com Registered Trade-Mark of Hoffmann-La Roche Limited 14 INFO SUISSE Youth Mobility Program Canada – Switzerland It gives young Canadians, aged 18 to 35, the opportunity to easily obtain a temporary work permit and thus gain hands-on experience, improving their knowledge of the languages, culture and society of Switzerland. In order to be eligible for the program, the applicant must be: YOUTH MOBILITY PROGRAM CANADA-SWITZERLAND The Youth Mobility Program CanadaSwitzerland aims at facilitating the mobility of young skilled professionals and students between Switzerland and Canada offering them the opportunity to gain work experience abroad. Whatever profession or trade, a work experience for a period up to 12 months is accessible under this program between the two countries. - a Canadian citizen between the age of 18 and 35 and reside in Canada and - have a secondary education and have completed a 2-year training, or - study at a post-secondary institution, or - have completed post-secondary studies Employment must be in the field of studies or activity in which the applicant has received training. Trainees must be paid in accordance with the rates that are customary locally and in the industry. To find out more about the Youth Mobility Program and about the procedure for application, please visit the following website: http://www.eda.admin.ch/eda/ en/home/reps/nameri/vcan/canott/ ymp.html ■ WELCOME NEW MEMBER SCCC (ONTARIO) INC. New Corporate Member: Kuno Lischer Georg Fischer Piping Systems Ltd. 2392 Ravine Gate Oakville, ON L6M4R1 kuno.lischer@georgfischer.com www.georgfischer.ca The forces of nature can strike at any time. Let’s discuss how to plug our defenses. As the Earth’s climate is changing, so are the frequency and intensity of floods and storms. What’s the answer: retreat from the most hazardous locations? Protect vulnerable areas with sea walls, drainage systems and better building codes? Or take measures to transfer the financial risk and rebuild? All we know at Swiss Re is that, as our climate changes, we must adapt apace. Which is why we’re helping countries and communities develop strategies to protect themselves against the forces of nature. Risk is the raw material we work with; what we create for our clients is opportunity. Plug into www.swissre.com O C T O B E R /N O V E M B E R 15 O VERSEAS M OVING Your goods are priceless ! • Air • Sea • Groupage • Packing • Crating • Storage • Insurances 633-8583 (Toll Free) 1-877-633-8583 The International movers inc. EUROPACK Fax : (514) 633-8321 [email protected] Free estimate 16 INFO SUISSE Bruno’s Tip Never wrestle with a pig! I learned a long time ago never to wrestle with a pig. You get dirty and the pig likes it. – Cyrus Ching NEVER WRESTLE WITH A PIG! By Bruno Gideon I was at a dinner party when my neighbour suddenly turned to me and in a loud and angry voice commented about something I had said earlier. I got hot under the collar but resumed with my meal as if nothing had happened. Why was I able to diffuse this potentially tense situation? Because I remembered a quote that I had read a few days earlier. Here it is: Some people get angry for whatever reason. So let them be angry – there is nothing we can do about it anyway. But if an angry person irritates and annoys you, be careful not to fall into the provocation trap, because this is often their ultimate motive. When someone is angry and tries to pick a fight with you, that is entirely their problem and you are free to choose, either to join the battle, which I would advise you not to do, or to ignore it. If you refuse to fight, the other party has no chance and the provocation trap remains empty. If someone aggressively insults you, it’s not easy to keep your composure because you are personally involved and are getting angry. But what can you do in such a situation? Take a few deep breaths and then tell the other party in plain language that you won’t be drawn into a fight but that you are willing to discuss the matter later, but only in a factual way. That gives them time to cool down. But what if it doesn’t? Well, that is their problem, not yours. Are you about to fall into a provocation trap? Think of the quote above. It will put a smile on your face. And you can’t fight if you smile, right? Born in Switzerland and founder of the Swiss retail chain Pick and Pay, Bruno Gideon now lives in Toronto. His free weekly newsletter “Bruno’s Minute” has become very popular and is read by several thousand subscribers in 20 different countries. Many SCCC members have already subscribed to it and like it a lot. It is motivational, inspiring, always positive and absolutely free. To sign up for it, go to www.brunogideon. com or contact Bruno directly by email at [email protected]. ■ BIENVENUE AUX NOUVEAUX MEMBRES CCCS (MONTREAL) INC. Individual members / Membres individuels M. Philip Sigrist Strategic Account Manager Meggitt Sensing Systems Energy Group 5650 Thimens Blvd. St-Laurent, QC H4R 2K9 Tel. 514.956.0918 Fax. 514.956.9610 www.meggitt.com [email protected] Mrs. Lara Berguglia Nespresso B2C Coordinator 2045 rue Crescent Montreal, QC H3G 2C1 Tel. 514.287.1222 www.nespresso.com [email protected] M. Guy Bachmann Real Estate Broker RE/MAX ROYAL (JORDAN) Inc. 315 boulevard Brunswick, # 333 Pointe-Claire, QC H9R 5M7 Tel. 514.630.7324 www.go-remax.com [email protected] 141 Adelaide Street West, Suite 203 Toronto, Ontario M5H 3L5 Telephone: 416 777-0123 Fax: 416 777-0308 For your investment needs please contact: Werner Joller David Ratcliffe President Managing Director www.hottinger.com O C T O B E R /N O V E M B E R 17 Ka r i n’s Pe r for m a nce S o l ut i o n s T h e Key to O u t st an d i n g Res u lts Karin Lindner THE KEY TO OUTSTANDING RESULTS by Heidi Garcia How many people do you think enjoy true job satisfaction? How many people dread the thought of Monday morning? How many people are willing to go the extra mile? How many people have the opportunity to do what they do best every day? How many people believe that they have little choice in the matter? Looking back on my career in the field of Human Resources, I wish I knew then what I know now. I worked as the Director of Human Resources in a large, multi-national organization. I had a department of eight people working with me directly and twenty-eight human resources managers indirectly at various divisions around the world. I had a great team of people and yet, looking back, I am sure that we could have accomplished so much more if I would have focused more on identifying and building their strengths rather than trying to get them to improve their weaknesses. Sometimes we get so busy in the day-to-day grind that we overlook selfdevelopment. You may read about seminars or workshops that you’d like to attend but you think, “I just don’t have the time”, or “maybe next time”. Many times, there will be no next time. The best person you can invest in is yourself. How can you lead others if you are not continually learning and improving your own skills and abilities? Take my advice, invest in yourself! 18 INFO SUISSE I believe that it’s hard enough to figure out what you do really well. Once you do, you should capitalize on it and become the best you can be in that particular area. There are areas in which I will never excel, so why would I want to put time and energy into something that, at the end, will only improve marginally? Isn’t it true that when you do something well, you enjoy it more, it seems to come naturally. It does not take a lot of effort, and you can easily excel. It doesn’t necessarily feel like work and it is so much more fulfilling and rewarding. On the other hand, trying to work outside of your areas of strength can zap your energy, productivity and drive. This can also erode your self-confidence and can lead to a number of other serious issues such as depression, drug and alcohol abuse, and in some cases, even violence at work and at home. Sadly, most organizations keep track of their employees’ skills, knowledge, and work experience but ignore their talents. According to a recent survey conducted by Towers-Perrin of 86,000 employees worldwide, 19% are disengaged and 64% are only moderately engaged? Do you know that companies lose $350 billion a year due to employee disengagement? These statistics are staggering. Can you imagine what the work environment would be if people were actually working in jobs that they enjoy, where they know they are adding value and making a difference, in jobs that allow them to do what they do best every day? Employees would be happier and healthier. Productivity would skyrocket, turnover rates would drop, customer satisfaction would WWW.LETTE.C A For over 50 years, many of Europe's largest corporate groups, as well as numerous small and medium-size companies, have counted on Lette to provide them with practical, sophisticated and cost-effective legal advice in Canada. Contact Bernard Lette at [email protected] Toronto: +1.416.971.4898 Montréal: +1.514.788.0998 Lette & Associés Montréal s.e.n.c.r.l. Lette Alérion Paris Lette Whittaker LLP Toronto Lette & Knorr München / ulm increase, innovation and creativity would flourish, and companies would be more profitable. Have you ever noticed that highly successful people are doing what they love to do and it’s usually what they are naturally good at? Take a look at Steve Jobs, Oprah Winfrey, Steven Spielberg, Warren Buffet, Sir Richard Branson, Wolfgang Puck, Dr. Mehmet Oz, and the list goes on. What’s their secret? They have discovered their passion, their natural gifts, talents and abilities - in other words - their strengths. Could that be the key to achieving outstanding results? In a nutshell, YES! What can you do to build a strengthsbased organization? Based on my experience and what I have learned, I recommend that you: • Take the time and effort to hire the right people in the first place. • Get to know the people who are currently working with you on a personal level. Don’t just rely on what’s on their resume. They may have unique abilities and experiences that you may not be aware of that could not only add great value to your organization but could also be a great motivator for them. • Do not just focus on a job description. Job descriptions make people task oriented instead of outcome oriented. What are the 3 or 4 expected outcomes of the job? What strengths are required to fulfill the job requirements? Ensure that you have the right person in the right job. • Invest training time and money on educating employees about their strengths and together work on ways for them to capitalize on their strengths. It will be a win/win. • Do not fall into the “Peter Principle” by promoting people up the corporate ladder and out of their areas of strength. Do not set people up to fail. What can individuals do to find their strengths, to be more productive, more fulfilled, and more successful? • Make a detailed list of the various jobs that you’ve had. What elements of those jobs did you enjoy most? Review your list and identify the common threads these are your strengths. • Consider what things you do naturally well, things that come easily to you. What things fuel your passion, creativity, drive? What things keep you engaged and excited about work? • When you start to discover your strengths, reinforce them with regular practice and learning. • Invest in yourself to reach your fullest potential. Take the initiative and lead your life, don’t let your life lead you. Find or carve out a role that draws on your strengths every day. In order to achieve outstanding results, companies will have to become more sophisticated and more efficient when it comes to capitalizing on the strengths of their employees. Individuals will also have to take the time to discover their unique strengths and abilities. In so doing, companies will be stronger and more profitable and people will be happier and healthier. Isn’t it so worth the effort? Heidi Garcia is a Human Performance Specialist, working for and with KARICO Performance Solutions located in Richmond Hill, Ontario. Karin Lindner is the founder and owner of KARICO and her mission is to “help organizations and individuals in manufacturing environments to become the best they can be by positively impacting their ROI (Relationships, Outcomes and Improvements)”. Karin can be reached at 1-647-401-5274 or by e-mail at [email protected]; you may also visit her website at www.karicosolutions.com ■ WELCOME NEW MEMBER SCCC (ONTARIO) INC. New Personal Member: Hans Maurer L&P Bluebridge Inc. 27 Charnwood Place Thornhill, ON L3T 5H2 416 817 6781 [email protected] O C T O B E R /N O V E M B E R 19 Chamber News Information de votre chambre SCCC ONTARIO – 2010 GOLF TOURNAMENT The SCCC annual golf tournament took place on September 13 at the beautiful Meadowbrook Golf & Country, which has been a popular venue for the past 3 years. This year’s tournament was once again a full success, with over 90 golfer/dinner guests attending. We were fortunate to enjoy a warm and sunny day, aside from a brief shower, which delayed the shotgun start by a few minutes. For the second consecutive year, we were honored to have Ambassador Baumann join us for golf and dinner, and were happy to welcome, for the first time, Consul General Ms. Bernadette HunkelerBrown, who joined us for dinner along with her husband Mr. Nigel Brown. Various activities on and off the course were offered, such as the “Chalet Suisse” on Green #11. Three charming ladies from the Swiss Club, Paula Rico, Beatrice Gunter and Josie Vischer, served Raclette and white wine, graciously sponsored by Lombard Insurance and Switzerland Cheese, accom- panied by the sounds of yodel and cow bells. Equally popular was the delicious Gelato Fresco chocolate ice cream on #18, which was kindly sponsored by Lindt & Sprüngli. Nespresso was present again this year with Alex and Kiki doing a tremendous job serving great Espressos and Cappuccinos throughout the entire event. Another treat were the freshly baked muffins offered by new Marché, which re-launched its innovative restaurant in August. Also appreciated was the support of Nestlé with their dona- Successful logistics is a question of creativity Your business requires a service provider that understands and listens to your unique logistics requirements, then translates that understanding into efficient logistics solutions. Kuehne + Nagel combines 117 years of global strength and experience in international transportation and logistics with comprehensive information technology solutions. Our worldwide network of sea and air logistics, road and contract logistics provides you with a flexible and evolving infrastructure making your business competitive in the global marketplace. Looking forward, Kuehne + Nagel will continue to build upon a strong foundation and tradition of providing service excellence in international transportation and logistics with a clear focus on providing IT-based supply chain solutions. Sea & Air Logistics Road Logistics Contract Logistics Kuehne + Nagel Ltd. 5800 Hurontario Street, Mississauga, ON L5R 4B6 Tel: (905) 502-7776 Fax: (905) 502-0775 email: [email protected] www.kuehne-nagel.com 20 INFO SUISSE Special Services Asset Management. The prize was presented by Olivier Schlegel, General Manager of Swiss in Montreal, who made the much appreciated trip to Toronto, together with his playing partners Catherine Dupasquier, Simon Caviezel and Raphael Delacombaz. The golf committee would like to sin- tion of spring water, chocolate treats and coffee. Also much appreciated by all was the registration gift by The Fifth Grill & Terrace, a $50 gift certificate to be used for a great dining experience. Before and after golf, the players had the chance to participate in a putting contest, which was co-sponsored by Andrea Von Moeller of 2Market International. A big ‘thank you’ also goes to Kuehne + Nagel for offering the hole-in-one on #12, to Meadowbrook for sponsoring the “Beat the Pro Shop” contest on hole #14 as well as to Roche, for their sponsorship of the delicious BBQ lunch. New this year was a buffet-style instead of a sit-down dinner, allowing the guests to mingle and meet in a casual setting. After dinner, the various raffle prizes and awards were presented. Congratulations to all the winners of this year’s golf contests: cerely thank all its numerous sponsors, big and small, for their continued support of the SCCC golf tournament! A big thank you also goes to all the volunteers, who were an essential part in making this day a success: Yasmin Stanton for creating graphics and promotional material, Kathy Utigard and Heidy Attenborough for assisting with registration and on and off course activities Alvin Gozum for doing the photography as well as the “Raclette ladies” as mentioned earlier. Last but not least we would like to thank all our members and guests who participated in this exciting event; we hope to see you again in 2011! SCCC Golf Committee: Hans Munger, Ernst Notz, Rudi Blatter, Julien Favre, Andrea Von Moeller and Patricia Keller-Schläpfer ■ Winning Team (18 Holes): Leonard Tracey, Rick Barker, Sal Cozzoli and Steve Scaini (with a score of 59) Longest Drive – Ladies: Catherine Dupasquier Longest Drive Men: Brian Burchert Closest to Pin – Ladies: Catherine Dupasquier Closest to Pin – Men: Bruno Arnold Straightest Drive – Ladies: Jennifer Arezes Straightest Drive – Men: Raphael Delacombaz Putting Contest: Meinrad Meerkamper (by draw, same score as Simon Caviezel and Norm Eckler) The lucky winner of this year’s grand prize (2 return business class tickets to Zurich generously sponsored by Swiss International Airlines and an 8-day first class train pass for 2 in Switzerland sponsored by Tourism Switzerland) was Werner Joller from Hottinger O C T O B E R /N O V E M B E R 21 Chamber News Information de votre chambre NEW SERIES OF EVENTS AT SCCC MONTREAL. We would like to create the opportunity for our members to showcase their company to fellow members or also non-members. It will give all the opportunity to get to know each other’s activities better and exchange ideas. We will do this so-called “company visit” at different times during the season and announce it by e-mail and on our web-site. The organization and agenda is entirely up to the organizing company. These visits will normally take place in the afternoon or early evening. Busch Vacuum Ltd starts the series on October 13 at 4 pm at their premises in Boisbriand. We do hope that many more members will open their company doors for us to visit. NOUVELLES SÉRIES D’ÉVÉNEMENTS À LA CCCS MONTRÉAL Nous souhaitons donner l’opportunité à nos membres de présenter leur entreprise à leurs pairs mais également à des compagnies non membres. Ceci permettra de mieux connaître les activités de chacun et d’échanger des idées. Nous tiendrons ces “visites d’entreprise” à différents moments pendant la saison, que nous annoncerons par courriel et sur notre site internet. L’organisation et le programme seront entièrement préparés par la compagnie-hôte. Ces visites se tiendront habituellement en après-midi ou en début de soirée. La société Busch Vacuum Ltd débutera cette série le 13 octobre 2010, à 16h00, à leurs locaux de Boisbriand. Nous espérons que vous serez nombreux à suivre leur exemple et à nous ouvrir les portes de vos entreprises pour une visite. WELCOME NEW MEMBER SCCC (ONTARIO) INC. New Non-Resident Member Klaus Koeppen CIBC Wood Gundy 300 - 150 Caroline Street South Waterloo, ON N2L 0A5 519 588 5338 [email protected] 22 INFO SUISSE Do you know..........? Through your membership in the SCCC, you can join a group health insurance plan The country’s leading benefit program for small business • • • • Covers businesses with up to 35 employees, including one person firms Is open to all industries Never targets an individual firm for a rate increase or cancellation Offers a full range of benefits, including coverage normally reserved for big businesses • Pools claims for price stability Discover the wide range of benefits available to you, such as Health and Dental, Critical Illness coverage, Short & Long Term Disability income replacement and more! For more information, contact Patricia Keller Schläpfer at the SCCC or visit www.chambers.ca. ENJOY AN ELEGANT EVENING IN A RELAXED ATMOSPHERE Saturday, November 20, 2010 Le Méridien King Edward 37 King Street E, Toronto Cocktails 7:00 pm, Dinner 8:00 pm Black Tie R.S.V.P. by November 8th SCCC 2010 GALA DINNER DANCE Business and Other News Nouvel les economiques et information By Location Switzerland QNECTIVE AG: GLOBAL MOBILE COMMUNICATION WITHOUT SECURITY RISKS (PR Newswire) Secure, encrypted mobile communication is becoming more and more important for business. This year, innovative company Qnective AG, Zurich is set to launch a practical solution called Qtalk secure, which will enable encrypted and therefore highly secure communication for telephone calls, chats, data transfers and SMS. Lawyers, enterprises in the financial sector, emergency services and other organizations and individuals place the highest security demands on their mobile communications. The comprehensive security solution Qtalk secure was developed specifically to meet these needs. Industrial spies and others engaged in criminal activity are thereby denied means of illegally procuring and viewing information in the area of mobile communications. Despite maximum protection against interception, the solution offers excellent voice quality, a high level of userfriendliness and simple integration in the existing infrastructure. and “data transfer” functions are available for all desktop clients such as Windows XP, Vista, Windows 7 and all mobile clients such as Blackberry OS 4.6 and higher, Symbian, Android and iPhone. The development of Qtalk secure is highly advanced and will be available to interested companies and individuals in the 4th quarter of 2010. ABB HIGHLIGHTS MID-TERM GROWTH OPPORTUNITIES AT CAPITAL MARKETS DAY ABB, the leading power and automation technology group, highlighted the significant growth opportunities it sees in the modern- ization of the world’s power grids, its expansion into the discrete automation sector, and the convergence of power and automation demand across its business portfolio. “ABB today has a highly dynamic and balanced automation and power technology portfolio and geographic market balance,” said ABB’s CEO Joe Hogan at the company’s annual capital markets day in Zurich, Switzerland. “The power of our portfolio helped us during the economic crisis and will help us grow as our markets recover.” Hogan said over the past 12 months, ABB has improved operationally and become more market focused by realigning its automation business and introducing a dedicated MAXIMUM SECURITY ON VARIOUS COMMUNICATION CHANNELS Qtalk secure encrypts calls, chats, data transfers and SMS messages via mobile phones, smart phones and PCs. Highly secure encryption and decryption are based on the Diffie-Hellmann 4096 bit, Elliptic Curve 384 bit and AES 256 bit modules. Qnective AG offers the solution as a comprehensive “box solution”, which contains the preconfigured software for the server and devices (clients). The software clients communicate with each other via their own server and are independent of mobile providers, despite the use of low-cost data networks (access via EDGE, UMTS, HSDPA and Wi-Fi). Qtalk secure can be used for a multitude of devices and can be seamlessly integrated in the existing infrastructure. The “telephony”, “chat” O C T O B E R /N O V E M B E R 23 Business and Other News Nouvel les economiques et information marketing and technology function for high growth opportunities. The company has also made new investments in production facilities and research and development. “We are today in a great position to benefit from the most important market trends in the industry, such as energy efficiency, industrial productivity, changing power requirements and the continuing strength of emerging economies,” Hogan said. CFO Michel Demaré provided a brief update on the current business environment, saying that demand trends seen in the second quarter remain unchanged. “Our short-cycle businesses continue their robust recovery, but the long-cycle infrastructure business still faces headwinds,” Demaré said. “The company’s cost savings program remains on track to deliver $3 billion in cost reductions by the end of 2010.” Although the third quarter EBIT margin is traditionally weaker than Q2 due to a different business mix, ABB expects its Q3 2010 revenues in local currencies and EBIT margin adjusted for derivative transactions and restructuringrelated costs to be higher than in the same quarter in 2009. In the medium term, political action to reduce global CO2 emissions will continue to drive demand for renewable energies. However, the need to integrate energy sources such as wind and solar power into existing electricity grids is also creating significant business and technology challenges for its power customers. Peter Leupp, head of ABB’s Power Systems division, described how the company can address these issues through its combined expertise in the areas of alternating and direct current power transmission, grid IT solutions and, increasingly, power storage. ABB also outlined the strategy to grow its Discrete Automation and Motion division, which was created at the beginning of 2010 as part of the realignment of its automation businesses to better tap future growth opportunities. Divisional head Ulrich Spiesshofer explained the company’s aims to increase its share in a market of more than $100 billion growing 5-10 percent a year. 24 INFO SUISSE In addition, the company described how it is meeting growing demand for both power and automation solutions in infrastructure markets with good long-term growth potential, such as renewable energies, rail and water, smart grids and data centers. By targeting these sectors with integrated solutions that include both power and automation technologies, ABB intends to play a leading role in these markets over the long-term, said Brice Koch, head of ABB’s Customer and Market Solutions team. ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 117,000 people. WISEKEY NOMINATED BY THE WORLD ECONOMIC FORUM (WEF) AS ONE OF THE GLOBAL GROWTH COMPANIES WISeKey, the leading eSecurity and Digital trust company, has been nominated by the Insurance Risk Management Zurich HelpP int We provide claims handling specialists for those not-so-special moments. Zurich HelpPoint is here when you need more than just insurance. That’s why the moment you need help, we engage a deeply experienced claims team with an understanding of your company and your specific needs. They can quickly assess the damage and start the recovery process right away. We understand that besides repairing physical damage, a quick response restores what you need just as much; your confidence. For more details about Zurich HelpPoint, visit www.zurich.com Here to help your world. Because change happenz®, Zurich® and HelpPointTM are trademarks of Zurich Insurance Company Ltd World Economic Forum as a Global Growth Company. The World Economic Forum’s Global Growth Companies (GGC), founded in 2007, nominates leading enterprises from around the world that have the potential to become tomorrow’s industry leaders and a driving force of economic and social change. The GGC Community has admitted, as of June 2010, 250 companies from over 50 countries and from all sectors. These rapidly growing emergent multinationals are supported by the GGC as they navigate new geographies, markets, cultures and regulatory systems to become a major driving force in social and economic development. The GGCs, Technology Pioneers and Young Global Leaders are the three pillars that form the Forum’s Community of New Champions. Companies selected as Global Growth Companies must demonstrate an annual growth rate exceeding industry and regional average by 15%, a minimum turnover between US$ 100 million and US$ 5 billion depending on the industry, a demonstrated growth potential, the capacity and intent to build a global business and exemplary executive leadership. WISeKey is the global leader on Digital Identification and Trusted Secure Electronic Transactions over the Internet. WISeKey’s disruptive technology and business model excel at knowing the digital identification and transaction market, staying close to customers, and using this technology to contribute to the Web and communications over the long term by improving every kind of trusted data exchange. We are honored that the World Economic Forum has again nominated WISeKey as a Global Growth Company this year. This nomination is the recognition that WISeKey is making a profound contribution to securing the Net and to allowing hundreds of million of users equipped with WISeKey technologies to perform highly secure electronic transactions over the Internet” said Carlos Moreira, founder and CEO of WISeKey. “This recognition is also proof that Geneva, Switzerland is emerging as one of the hottest places in the world to start and develop a tech company.”Mr. Pierre-François Unger, Minister of the Department of Economy and Health added that, “Geneva is in itself a sort of natural incubator that allows innovation that stems from our specialized schools to be brought to the forefront in the creation of new technologically advanced companies.” WISeKey was also part of the founding members of the World Economic Forum’s Community of Global Growth Companies, formed in 2007 to engage dynamic highgrowth companies with the potential to be tomorrow’s industry leaders and to become a driving force of economic and social change. The Global Growth Companies will be meeting at the “Summer Davos” in Asia’s Annual Meeting of the New Champions 2010 Tianjin, People’s Republic of China ■ 13-15 September. RESCUE OF THE EUROPAWEG TRAIL THROUGH THE CREATION OF A NEW ATTRACTION The Europaweg trail leads from Saas-Fee to Zermatt at a high and almost uniform altitude. The Europaweg trail is very well known worldwide, and is also very popular. The view, the altitude and the quality of the trail are unique. Five years ago, however, the artificial passageway by the Grabenufer (trench bank) above Randa had to be closed; it could no longer withstand the forces of the pressure of the mountain. Thanks to a new suspension bridge, the Europaweg trail can now once again be used over the whole of its original route. ■ Quote of the Month Leadership is the ability to get extraordinary achievement from ordinary people. by Brian Tracy WATERFRONT COTTAGE ON GEORGINA ISLAND, LAKE SIMCOE $264,500.00 Spectacular Sunsets in coveted part of Georgina Island in Lake Simcoe. Cheerful Open Concept 3 Bd/1 Bath with Cathedral Ceiling, airtight inserted Woodstove, Loft with Lakeview, winterized. Huge wrap around Deck, very quiet and peaceful. Landscaped. Private Dock. Gardenshed and Marlies McKee, Realtor, Sutton Workshop. Only 1 hr to City. Building on Cement Pad 4 Blocks high Holding Tank with sep. gray Group Incentive Realty Inc. Water System. No Taxes just Landlease expires Tel. 1-705-739-1300 or 2052, 5 year Term $3000.00 annual Fee to Oct. 1-866-871-1151 31, 2013. [email protected] http://www.youtube.com/watch?v=ksKl9YFninc O C T O B E R /N O V E M B E R 25 Travel News SWITZERLAND TOURISM: AUTUMN AT MYSWITZERLAND.COM Switzerland’s most varied and bountiful time of year begins just as summer is drawing to a close. In the autumn, nature can be experienced with all five senses: as ripe vineyards, brightly colored forests, the musty fragrance of mushrooms and the rustling of leaves. And for food lovers, especially, the autumn has plenty to offer. Numerous wine fairs as well as cheese, chestnut and wine festivals make this time of year a real feast for the palate. Suggestions and tips are divided into “Autumn Events“, “Autumn walks“, “Excursions” and “Culinary Regions”. For more information: http://www.myswitzerland.com/en/home/herbstferien.html The “UNESCO Destination Switzerland” brochure was published in September 2010. The brochure contains information on the ten Swiss World Heritage Sites and the Entlebuch Biosphere Reserve. Download your copy at www.mySwitzerland.com SWISSTOPO: FREE MAPS OF SWITZERLAND Regional maps in their entirety are now available online at Swisstopo. Each rock, each Alpine hut, and each trail is entered in the maps at a scale of up to 1:25,000 The maps are found at http://map.geo. admin.ch. Every visitor to this website can plan his own hikes and tours free of charge, for even hiking trails can be accessed. The routes are color-coded and divided into hiking trails (yellow), mountain trails (red) and alpine trails (blue). The maps can be printed in A4 format, so that they can be carried along. Besides all hiking routes, the Swiss Confederation will in the future make all geo-data accessible online. PLANET SOLAR – THE FIRST VOYAGE AROUND THE WORLD IN A SOLAR BOAT The ship “Planet Solar” is a catamaran, covered with solar cells. Although the largest solar-powered boat in the world has an impressive size, it is completely soundless and good looking. The aim is a voyage around the world in 2011, with stops along the Equator, where the sun’s rays are the strongest. This over 50,000km voyage will have an average speed of 7.5 knots (14km/h) and will take 160 days to complete. Planet Solar is a ship equipped with traditional technology and is now available in the market. Solar Planet wants to prove that renewable energy and technology, which improve energy efficiency, are dependable and highly productive. http://www.planetsolar.org/index.en.php ■ Switzerland is a small country. Less than one hour, and you’re off. – SHORTCUTS, SWISS MADE. – Short walking distances and perfectly harmonised flight schedules mean that nowhere in Europe is it quicker and easier to change from one plane to the next than in Zurich. It’s almost a shame that you don’t have more time to enjoy the airport itself, which was awarded the «World Travel Award 2006». For information and reservations, call 1-877-FLY-SWISS or contact your travel agent. Visit SWISS.COM to find out more about all the things we do to make each and every flight as comfortable as possible for our guests. SWISS.COM 26 055_300_HUB_191.77x127_InfoSuiss1 1 INFO SUISSE 20.3.2007 14:36:49 Uhr Our amusement park. MySwitzerland.com The Swiss Travel System has the perfect ticket for you to discover Switzerland. Tailoured to your itinerary the Swiss Pass, Swiss Flexi Pass, Swiss Transfer Ticket or the Swiss Card will be the perfect solution to ride 20,000 km of train, postal bus or boat routes. Your personal choice include the classic scenic routes such as the Glacier Express, the Bernina Express, the Golden Pass Line, the William Tell Express, and the Palm Express. Also included is the public transport system of 38 cities, and the passes give you 50% discount on most mountaintop trains and cable cars. To top if off, you will profit from free entries to over 450 museums. For more information go to www.swisstravelsystem.ch, www.raileurope.ca, or call 1-800-361-RAIL (7245) Business and Other News Nouvel les economiques et information PUBLIC DEBT: THE CHALLENGES AHEAD DEBT, DEBT EVERYWHERE April 2010 UBS research focus Prepared by UBS AG and published in one of their recent “Research Focus” reports. Over the last 12 months, we have witnessed a very strong rally in global equity and fixed income markets and all major economies have returned to growth. The financial crisis that started in 2008 and the subsequent global recession appears to be fading into history. However, it is dangerous to think that all is well now and that we can simply go back to business as usual. The crisis has left us with different legacies, one of which is the dramatic increase in public debt in most of the advanced economies. To understand the present economic issues, it is important to consider the historical context – the last two decades were characterized by above-average levels of economic growth, partly fuelled by credit policy. While this was arguably necessary to prevent further malaise, public debt has reached levels that have never been seen in peacetime history. In coming months and years, governments all over the world will have to find ways to deal with the debt. The task is enormous and will have to be undertaken against a backdrop of adverse trends, most noticeably weak economic growth and sharply rising social costs. Importantly, in dealing with the challenges of high and rising public debt, we think that governments will adopt policies, and high levels of government spending. The boom (and subsequent bust) in equity markets encouraged a rapid increase in compensation within certain private sectors and led many public sector workers to demand parity. Generally speaking, many developed world governments and their citizens spent more money than they earned. As such, when the credit bubble well and truly burst in 2008, governments stepped in to prevent systemic breakdown and support economic growth. This led to unprecedented increases in government spending and loose monetary Dry Skin – Irritant for many of us We are still in the “high season” of dry skin. The management of dry skin includes the restoration of the barrier function by use of emollients to reduce the water loss via occlusion, increase the lipid content of the skin, as well as its smoothness and softness. The Excipial® Cream is a ‘Lipid in Water’ formula wich contains 34% lipids. The cream is a moderate moisturizing for normal to mildly dry skin which can be washed off easily and is free of perfumes. The Excipial® Fatty Cream is a ‘Water in Lipid’ system’ which contains 55% lipids. The cosmetically elegant, water resistant cream is highly moisturizing and great for dry to very dry skin and for smaller cracked-open skin areas. The Excipial® Almond Oil Ointment (The most protective skin-moisturizing treatment) is a ‘Lipid Only’ system which contains 96% lipids (75% almond oil; 4% zinc oxide). This amazing ointment is highly moisturizing to be used on dry to very dry skin, atopic, dry winter feet and other extremely dry skin conditions with limited surface area. The ointment is suitable for use in children and prevents diaper rash (the leading product in Switzerland). It does not contain preservatives (only vitamin E as an antioxidant) and has a fresh fragrance. The two creams and the ointment are available at the Rexall Pharmacies or at Classic Care Pharmacy. To order please call: 1-800-677-4053 Spirig Skin Care Products for Dry Skin, distributed by: Made in Switzerland Seit über 20 Jahren in Ontario zugelassener, deutschsprechender Anwalt und Notar bietet Ihnen persönliche Betreuung und fachliche Kompetenz. ALEXANDER SENNECKE BALDWIN ANKA SENNECKE HALMAN LLP BARRISTERS & SOLICITORS Helping you make the Right Moves 28 INFO SUISSE Victoria Tower 25 Adelaide Street East Suite 900 Toronto, Ontario M5C 3A1 www.bashllp.com Direct: 416.410.2113 Facsimile: 416.410.9423 Cell: 416.816.2113 Handy: +49.171.713.4423 [email protected] Für weitere Fragen stehe ich gerne zur Verfügung. either by choice or by force, that have not been seen in many decades. We argue that the traditional tools of austerity and growth will be insufficient for the developed world to lower its debt burden. Inflation, which some believed to be dead for good, could make a comeback as ballooning government deficits and the prospects for social discontent make the cutting of government budgets a difficult process. Thus, faced with the politically unpalatable austerity route – governments in tandem with their central banks maybe more inclined to take the inflation route. Also, the risk of sovereign default, something that was once unthinkable for advanced economies in the post-war period, will probably be a lingering fear in the coming years. For investors, all this will have profound implications. How will economic performance be affected? Are developed world government bonds still safe haven investments? What investments will protect portfolios if price inflation were to accelerate again? These are some of the questions that we deal with in this publication. Overall, our goal is for investors to be able to consider the long-term implications of government debt and position their portfolios accordingly for future growth. Insufficient growth and unfavourable fundamentals Over the past 20 to 30 years, debt reduction policies involved a mixture of public spending cuts and measures to increase tax revenue. Importantly, such policies really only worked if economic growth was strong as well. In addition, such periods of fiscal austerity were often accompanied by falling interest rates and revenues from one-off privatizations of public assets. Going forward, most advanced economies with high debt-to-GDP ratios will face much less favourable conditions under which to reduce Gestion privée Gérants indépendants Family Office Global Custody Gestion institutionnelle Fonds de placement their debt. Fiscal austerity will certainly play a role, especially in the initial phase of fiscal consolidation. In the long term, we think there is a risk that economic growth will not be sufficient to support a sustainable reduction in debt ratios. In addition, the current low interest rates are likely to rise in the future, thus adding to the financing burden of governments. Finally, in many advanced economies fiscal consolidation will have to take place against a backdrop of rising agerelated expenditure, meaning that structural Continued on page 31 Nous avons un centre d’excellence, établi dans 20 places financières. HIGHLIGHTS FROM THIS REPORT: The financial crisis and the recession that followed have had profound effects on the global economy. One legacy of the crisis is the sharp increase in public debt in practically all advanced economies, which will present formidable challenges for policymakers going forward. Debt ratios have reached peacetime records and may continue to drift higher if no decisive action is taken. What is more, current estimates suggest that debt ratios are about to cross a threshold above which debt itself becomes a drag on growth. The drastic steps to consolidate public finances that governments will need to take will have far-reaching implications for economies and financial markets. Genève Lausanne Zurich Bâle Londres Luxembourg Francfort Paris Madrid Barcelone Turin Milan Rome Florence Dubai Singapour Hong Kong Tokyo Montréal Nassau www.pictet.com Esprit d'indépendance O C T O B E R /N O V E M B E R 29 URS VILLIGER U r s V i l l i g e r , MBA sales representative S Awhen L E S buying R E P RorE selling S E N TAT V E in ur Swiss choice real Iestate e Greater Toronto Area. o f f ic e 416.769.1616 c e ll 416.562.7701 [email protected] w w w. u r s v i l l i g e r. c a RE/MAX West Realty Inc., Brokerage 30 INFO SUISSE Business and Other News Nouvel les economiques et information Continued from page 29 reforms of social systems will also have to be contemplated. Inflation, deflation and sovereign default Although the more traditional fiscal austerity measures will likely be important, we think the toolbox for dealing with adverse public debt dynamics will have to include options that have not been seen in the developed world in three decades. Thus, after the so called “Great Moderation“ – that saw strong and stable growth coupled with low inflation over the last few decades – we think that the developed world‘s debt problems could see a return of higher inflation in some regions and outright deflationary policies and the prospect of sovereign default in others. We think countries that have full control of their monetary policy and currency will find it difficult to resist the temptation to let inflation help erode their debt burden. This applies primarily to the US and the UK. In contrast, inflationary policies are not an option for Euro zone economies – at least not under current institutional arrangements. Thus, these countries will have to exercise extreme fiscal austerity, and even adopt deflationary policies to cut wages and prices across their economies to promote growth and thereby reduce their debt burden. However, success is far from certain and investors should not rule out the risk of some form of default scenario or partial fiscal restructuring in one or more of the advanced economies. Winners and losers The road back to economic stability and fiscal sustainability is likely to be long and burdensome. However, where there are risks there are also opportunities – investors are well advised to remain diligent, alert and well diversified. The possible long-term inflation implications in the US and UK suggest that investments in inflation-linked bonds and/ or real assets (real estate, commodities and equities) are advisable. Within the Euro zone, likely austerity measures may hurt domestic consumption – so international diversification of equity and corporate bonds should be considered. The traditional pricing model for G7 debt assumes an almost insignificant probability of default. We do not believe this will be the case going forward – due to the spiralling levels of government debt. Markets have, arguably, not yet priced in this risk as historically low bond yields are still offered on government debt. We have long-term concerns for certain developed world government debt or, at the very least, believe investors should be compensated for holding this risk. The long-term investment winners are likely to be countries that have not had such an explosion in government debt levels. The obvious candidates are emerging markets, which face less structural debt challenges and are supported by higher economic growth. We are also positive on commodities, due to their value as an inflation hedge and expected price increases driven by emerging market demand. The full UBS Research Focus report can be viewed and downloaded from the SCCC website. Please go to www.swissbiz. – “Business Services”. ■ Insurance Risk Management Zurich HelpP int One global insurance program for your expanding business. Even for places you’ve never been. Zurich HelpPoint is here when you need more than just insurance. So we offer the Zurich Multinational Insurance Proposition (MIP)*. It helps you keep global insurance programs compliant when you expand your business to a new market and expose yourself to new risks. The strength of Zurich MIP lies in a transparent and thorough set of solutions for writing and maintaining global insurance programs in over 170 countries. Our game-changing solution can help you sleep better at night, no matter the time zone. For more details about Zurich HelpPoint , visit www.zurich.com. Here to help your world. Because change happenz®, Zurich® and HelpPointTM are trademarks of Zurich Insurance Company Ltd O C T O B E R /N O V E M B E R 31 SWITZERLAND CENTRE FOR TRADE FAIRS/ LA SUISSE – PLACE DE FOIRES High End-Zurich Date: 22-OCT-10 to 24-OCT-10 High End-Zurich is one of the biggest exhibition for music sector. This trade show will attract many visitors from related industry under single roof at the Hotel Movenpick, Zurich. The event will showcase classical and modern musical instruments. For three days the show is being organized by High End Society Marketing GMBH. Venue: Hotel Movenpick, Zurich, Switzerland Si je savoure si souvent ces si purs suisses-ci de la Suisse, c’est parce que ces si purs suisses-ci de la Suisse sont si savoureux. Pourquoi ces si purs suisses-ci de la Suisse sont-ils si savoureux déjà? Ces si purs suisses-ci de la Suisse sont si savoureux parce qu’ils sont faits comme seule la Suisse sait les faire. Si vrai, si pur, si Suisse. Si, si. Découvrez-les sur les authentiques-suisses.com Basel Autumn Trade Fair Date: 23-OCT-10 to 31-OCT-10 Basel Autumn Trade Fair A Product Fair, A Consumer Magnet and an exhibition with a soaring degree of awareness amongst the shoppers. Autumn Trade Fair is a unique opportunity to participate in, guaranteeing maximum impact and product visibility. Venue: Basel Exhibition Center, Basel, BaselStadt, Switzerland Classic Car Fair St.Gallen Date: 24-OCT-10 to 24-OCT-10 Classic Car Fair St.Gallen will showcase spare parts for vintage cars and motorcycles, literature, model cars, tools, complete vehicles. This is one of the biggest exhibition in the region for related industry. This is one day event held on 24th October 2010. Venue: Olma Messen St.Gallen, St. Gallen, Switzerland IFAS Zurich Date: 26-OCT-10 to 29-OCT-10 IFAS-Medical & Hospital Equipment Exhibition is the crucial platform for the Swiss medical industry and public health service. It is the only show in Switzerland where you will see a complete range of new and innovative products and services in medical technology and IT equipment, diagnostics, rehabilitation, nursing and consumer medicine. Venue: Zurich Exhibition Center, Zurich, Switzerland Gebaudetechnik Schweiz Date: 27-OCT-10 to 28-OCT-10 Gebaudetechnik Schweiz is an International exhibition for modern building services and engineering industry. This one of the premier exhibition in Messe Luzern, which will be held between 27-28 October 2010. For 2 days this event is being organized by EasyFairs SA/NV. Venue: Messe Luzern, Luzern, Switzerland Suisse Caravan Salon Date: 28-OCT-10 to 01-NOV-10 Suisse Caravan Salon is the largest national exhibition for motor homes and caravans. This is the 43th edition of the session and will be held between 28th October to 1st November 2010. This four days trade show is being organized by B. E. A. Bern Expo. Venue: BEA Bern Expo, Bern, Switzerland 32 INFO SUISSE Just how pure is this Swiss? Well, it’s so pure and so savoury that every taste is 100% pure bliss. So when it comes to Swiss, there’s one thing that you should never miss. Make sure to put authentic Swiss on your list. Because nothing else is this Swiss. Get the real Swiss on swiss-authentics.com NESPRESSO MONTREAL 2045 RUE CRESCENT NESPRESSO BOUTIQUE THE BAY TORONTO 176 YONGE STREET NESPRESSO BOUTIQUE THE BAY VANCOUVER 674 GRANVILLE STREET www.nespresso.com