Get involved & expand your reach with over 60 Chamber events each year! Connect with the Community calendar too!
Keep informed with all that’s happening at the Kelowna Chamber!
Become a member, and join the other 1200+ members that strengthen the community and build better businesses!
Finding a job (or reliable
employees) can be tough, let’s face it. The good news? It doesn’t have to be.
With our program Launch Students into Business having
already taken off several months ago, the New Year promises to connect over 25
students with industry professionals in their field, building meaningful
relationships and valuable connections for Kelowna’s up-and-coming young
With this network of connections
and their enhanced skill sets, we aim to provide these 3rd&4th
year students with the resources needed to plug themselves into the community,
enabling them to start their careers with confidence and ease.
So, this is a call to action. A call for those
who want to better themselves, or their organizations. We’re looking to take on
more students and connectors and are looking for individuals interested in
teaching workshops with us to further the students’ skill sets.
For professionals, this is your
chance to meet some of these soon to be grads first hand. To give them that
helping hand you would have appreciated starting out, and to get your business
in front of them, in an otherwise crowded market.
Students – this is an opportunity
for you to meet the people who will help you build your future. Why not get
your foot in the door?
We are after all types of
backgrounds: business, trades, arts, you name it. As BC’s 2nd largest chamber, we
have the member base to support all varieties of backgrounds and are eager to
To learn more or to get involved
in the program, please contact Stephanie at firstname.lastname@example.org or
These are tough times for commodities. Oil is grabbing
all the headlines, with prices plunging 50% since June
of last year. But agriculture prices are also soft,
especially corn, which is down 53%. Metal prices have
been weak for a while, particularly iron ore and
copper, which are 40% lower than where they were
two years ago. So is this the end of the commodity
supercycle? And, what does that mean for business?
A commodity supercycle is a period of unusually
strong industrial and urban development, where
demand for natural resources outstrips supply,
sustaining decades of high prices. Think of post World
War II or the industrialization of the United States.
There is strong evidence that we’ve been riding a
commodity supercycle. From the late 1990s to 2008,
almost all commodities were experiencing real price
growth rates exceeding 10% per year. Oil prices rose
1,062%, copper prices soared by 487% and corn prices
were up 240%1. The real price of food increased almost
80% to reach the highest levels in history. Commodity
prices crashed during the great recession of 2009 but
they recovered quickly and kept on climbing.
Why the soaring demand for commodities? During
this time period, there was an explosion in the size of
the middle class. According to the World Bank, the
emerging market middle class (people earning
between $2 and $13 per day) rose from 894 million in
1992 to 2.06 billion in 2005. It’s an incredible story:
more people were lifted out of poverty than at any
time in human history. And the first things people
want when they join the middle class are pretty simple:
better food, a nice home with a refrigerator and maybe
even a vehicle.
Look at the
adjacent graph of
car sales in China. Quite amazing,
but if we graphed
car sales in
South Africa or
in India, the
graphs would all look similar. All this requires
enormous natural resources. For decades, producers of
energy, metals and agriculture struggled because they
could barely keep up with demand.
Then in 2013, with record resource production,
demand growth suddenly began to slow and
commodity prices fell. So is the party over?
Emerging markets have slowed, but we have to look at
long-term prospects. The IMF is forecasting that
emerging Asia will average 6.5% growth through 2020;
Latin America and Africa will grow at 3.2% and 6%
respectively. The OECD is forecasting that the global
middle class will increase from 1.8 billion in 2009 to 3.2
billion in 2020. That’s a lot of new consumers and a lot
of commodities needed as people get wealthier.
So the commodity supercycle is not over, but when
demand depends so much on emerging market
strength, we have to anticipate volatility. Prices will
recover but not to the lofty heights of 2007. This is
good news for Canada because we have some of the
most efficient natural resource producers in the world.
Visit Powerofcanada.ca for more information.
-Hendrick Brakel, CCC
This week we recognized Chamber
week by hosting an event each day of the week to provide you with the
opportunity to network, dine and engage to learn what we do for the business
Have you caught yourself wondering what a Chamber of Commerce is and what it
does for business? Here are some myth's - debunked.
* Myth #1: The Chamber
of Commerce is a Bank. We are not a bank, we are the most
broadly-based business organization working on behalf of small to large
* Myth #2: The Chamber
is a private club. We are an accessible, modern, organization
supporting local business in their community.
* Myth #3: Chambers
are a part of Government. Chambers of Commerce engage with all
levels of government as a voice, advocating on behalf of businesses, but are
* Myth #4: All we
offer is Group Insurance Benefits. Chambers have a long list of exclusive
member benefits to offer businesses, Group Insurance is just one of many.
So if you've been on the fence, now is the time to join your Kelowna Chamber of
Commerce and access Canada's largest business network. It's just smart