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ICCC Weekly Newsletter – 6 JANUARY

06 Jan 2022 9:00 PM | Anonymous

Just when you thought it was safe...

In 1975 Steven Spielberg made Jaws, a movie that changed idiom of popular cinema forever. Its success was unprecedented and three years later a sequel was on its way. The tagline for Jaws 2 was “just when you thought it was safe to go back in the waters…”

The world’s experience with COVID-19 has been somewhat similar. Just when everyone seems to get a bit relaxed, and life of normalcy is seemingly just around the corner, another variant spring practically out of nowhere, and everyone scurries back indoors, waiting for the immediate danger to subside. There have been many virus variants since March 2020, and the most recent one – Omicron – that emerged in November 2021 in South Africa appears to have taken the world by storm.

The World Health Organization (WHO) had warned in December 2021 that an Omicron tsunami would sweep the world, leading to unprecedented number of people getting affected by the new variant. While epidemiologists concur that this variant is not as toxic as the previous variants, it is certainly more contagious and quicker to spread.

It isn’t surprising that Omicron has crossed a million mark in the United States. So overwhelmed are governments across the globe that some of them have even abandoned counting the number of people afflicted by the variant.

However, it appears that the virus’s spread has peaked, and that the world may soon be emerging out of its thrall. But as we have seen in the past two years, just when everything appears to be returning to normal, we see a new variant emerge (IHU).

Are you looking to hire highly skilled,

knowledgeable students?

Many Centennial College students are available year-round for Work Integrated Learning (WIL) opportunities, including co-op placements and field placements. Our students can help businesses with short-term staffing needs, small projects, peak period demands and other recruitment needs.

Co-op Students

Centennial College offers over 50 co-op programs in the fields of Business, Engineering Technology and Applied Sciences, and Transportation.

The co-op program gives our students a chance to gain meaningful work experience while allowing you to fill short-term staffing needs and assess potential full-time employees.

Students are available full-time for 4-month assignments (8- and 12-month work terms may be arranged)

Organizations that offer paid co-op opportunities may be eligible for the Ontario Co-operative Education Tax Credit (up to $3000 per student for each co-op work term)

If you are interested in hiring a co-op student, contact our staff by phone: 416-289-5209 or by email: cooped@centennialcollege.ca.

Field Placement Students

A large number of academic programs require students to complete a mandatory field placement. These placements are ideal for short-term recruitment needs. Field placements are unpaid and can range from a few days to several weeks, depending on the program. Placementsare offered in a range of programs, such as Community and Health Studies; Hospitality, Tourism and Culinary Arts; Communications, Media, Arts and Design.

If you are interested in hiring a field placement student, please contact SOLV, our single-point of contact for employers seeking to connect with business-enhancing opportunities and services across Centennial College. You can reach SOLV by phone: 416-289-5022 or by email: solv@centennialcollege.ca.

Virtual Employer Session for ICCC Members

For more information on how your business can benefit from our various Work Integrated Learning (WIL) opportunities, learn about available employer funding programs and discover the numerous ways you can work with Centennial College to attract qualified employees, attend our Virtual Employer Session:

Date / time & registration information to be announced soon

Sweeping economic impact of digital loonie

Federal documents hint at sweeping economic impact from central bank ‘digital loonie’. The Finance Department has looked at legislation linked to a central bank digital currency.

Internal government documents show Finance Department officials believe there could be sweeping implications for the economy if the Bank of Canada ever issued its own cryptocurrency.

According to a Canadian Press report of 3 January 2022, the Bank of Canada has spent years looking at whether to introduce a digital currency, but so far hasn’t seen an immediate need to issue one. In one briefing note from last January, officials warned Finance Minister Chrystia Freeland that the issuance of a central bank digital currency would entail “wide-reaching implications for the economy, the financial system” and the Bank of Canada’s operations.

The documents also show the central bank held a series of meetings with federal officials over the course of 2020 to gauge the implications of a “digital loonie” on departments and agencies. Large swaths of the documents obtained by The Canadian Press under the access-to-information law have been blacked out because the department says they contain sensitive government information.

But what remains suggest some federal concerns about a central bank digital currency, with departments wanting to provide more input before a decision is made. The Bank of Canada has upped the pace of its work on a digital currency, mirroring efforts by counterparts in other countries as the Covid-19 pandemic accelerates the transition to a digital economy.

The bank only plans to issue a digital currency if the use of physical bills for transactions plummets and one or more private cryptocurrencies, such as Bitcoin, become widely used in Canada.

ICCC is Partner Organization at Panorama India's

Republic Day Celebrations

5 fun facts about gold investments

1. 2nd most common use of gold is investing, right after jewellery. In 2019, 282 metric ton (that is 282,000 kilograms) of gold valued at approximately $4billion was used for investment purposes.

2. Two countries make up 50% of demand – India and China together make up for 50% of the current global gold demand.

3. The gold investment market is untapped – Globally, gold makes up less than one percent of the investment portfolios.

4. Mined gold doesn’t respond to price changes quickly – instead, recycling is the source of gold supply that is most responsive to economic shocks.

5. 90% of recycled gold comes from jewellery. The remaining 10% of recycled gold is extracted from technology like computers and cell phones.


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