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The West Being Left Behind

We are lucky to have been born at such a time. In this day and age, change is a constant thing and happens very frequently. Markets are growing all over the world, even in developing countries. Actually, especially in growing countries. As students of business, it is important for us to keep track of this growth and change, for it will surely affect us when we enter the market as businessmen. We need to understand how the world is emerging and how countries are growing. This video was an amazing insight into how places around the world are catching up to the west – and how it will ultimately overtake the west.

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Canada’s Real estate

53 percent?!?! Apparently, Canada has the highest tax on commercial real estate. I was genuinely shocked by this. I always viewed the real estate market in Canada as one that was thriving and a real opportunity for students like us to learn. But apparently, there seems to be an extremely high interest rate, forcing investors to rethink about real estate. What is going on?

http://www.thestar.com/article/898644–high-taxes-hamper-real-estate-investment-in-canada-study

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Canada’s financial health

I’ve always been under the assumption that the world recession didn’t really affect Canada. Canada’s government, especially in BC, has really protected its people financially. And for the most part, I’m correct. Compared to the rest of the world, Canada was fine. In fact, Canada was barely even affected. But that doesn’t mean Canada is invincible. Debt has risen, especially in the last year. The Bank of Montreal has reported an increase in borrowing for mortgages. BUT, Canadians haven’t been knocked out, because at the same time, it seems that savings are on the rise. So, what exactly does this mean for the financial health of Canadians? Read, and decide for yourself:

http://www.thestar.com/article/899729–family-debt-rising-but-financial-health-improving

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SAP Vs. Oracle

Just a week or two ago, we commerce students finished our presentations for OB. We did our research, we wrote our reports and blah blah blah. We discovered that there were huge scandals within HP, and that it spread out externally. Apparently, wherever Mr. Hurd goes, some sort of controversy follows. Following his departure from HP, he went to Oracle, who was in a battle with SAP (who’s previous CEO is now HP’s CEO) for copy right infringement.

Messed up right? read more:

http://venturebeat.com/2010/11/23/oracle-wins-a-whopping-1-3b-verdict-against-sap/

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