Managing Your Business through an Economic Downturn

Part 1: Economic Update

Is the sky really falling? Please join a select group of our clients for an update from one of Canada’s leading economists, Dr. Avery Shenfeld, Managing Director and Senior Economist at CIBC, on the state and outlook for the Canadian and global economies. Dr. Shenfeld will highlight his views on:

• Risks and projections for the Canadian and US economies
• Will Canada see a recession in 2009?
• The key causes and the prognosis for the current credit crunch
• Canadian and US currency drivers and outlook
• Drivers of energy prices and the expected impact on the economy
• Interest rate expectations and impact on inflation and currencies
• An updated look at China’s impact on the global economy.

Date:
November 24, 2008

Time:
3:30 p.m. – Presentation begins
4:30 p.m. – Cocktail Reception

Location:
The Westin Prince Hotel
Ballroom South
900 York Mills Road
Toronto, ON
M3B 3H2

RSVP:
Click here to RSVP
If you are having trouble registering, please contact Ashley Lewis at ajlewis@kpmg.ca or (416) 228-7290 

DR. AVERY SHENFELD, SENIOR ECONOMIST, CIBC WORLD MARKETS
Avery Shenfeld is a Managing Director and Senior Economist with CIBC World Markets. He holds a Ph.D. in economics from Harvard University. Avery follows economic developments and their implications for North American fixed income, equity, foreign exchange and commodities markets. He was named by Bloomberg as a top forecaster of the US Treasuries market, and has been consistently ranked by fixed income investors among the leading five Canadian economists. Avery’s experience includes 7 years in management consulting, and teaching positions at the University of Toronto and Harvard’s John F. Kennedy School of Government. He has addressed numerous business groups and been quoted in the media in the United States, Canada, Asia and Europe.

Please watch for Part 2 of the series
Mitigating Risk in a Soft Economy

It is possible to weather this economic storm and even to prosper in it. The key to avoiding being compromised is to be well prepared and proactive in managing your business. Part 2 of this seminar series will focus on giving you some of the tools necessary to help manage your way through a general downturn and come out the other side in a position to take advantage of the opportunities presented by reduced competition and recovering growth. A team of bankers, accountants, lawyers and insurance professionals will provide you with practical advice in mitigating the risk of becoming a victim of recession. During our second session we will discuss topics such as:

• Trade Credit Insurance
• Managing interest and foreign exchange rate risk
• How you can make your banking relationship and credit facilities a competitive advantage
• Dealing with the economic woes of your critical suppliers and critical customers
• How can professional cost optimization advice improve your competitive position?

Further details to come.

© 2008 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.