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Winnipeg Free Press - PRINT EDITION

Business Watch

Posted: 01/26/2013 1:00 AM | Comments: 0

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Honoured for their service

THE fifth annual Future Leaders of Manitoba Awards event was held at Fort Garry Place Thursday night.

These awards, organized by the Future Leaders of Manitoba Council, with the support of the Business Council of Manitoba, Winnipeg Chamber of Commerce and Manitoba Chambers of Commerce, recognize Manitoba's best young talent.

The winners were:

-- Business/professional -- Michael Embury, the diversity co-ordinator for Manitoba Public Insurance. He is known for working with the disability community, aboriginal organizations and organizations supporting new Canadians. He sits on the board or steering committees of six organizations in Manitoba and is involved in several volunteer activities, including the Manitoba Employment Equity Practitioners Association and the Urban Circle Training Centre.

-- Community service -- Christine Cyr, program co-ordinator for aboriginal recruitment at the University of Manitoba. She is active as a mentor and leader for Manitoba youth, working with the Post-Secondary Club program for high school students who lack the preparation, motivation and support to pursue post-secondary education. Cyr sits on several boards and committees, including United Way, Career, Trek and Southeast Child & Family Services.

-- The arts -- Alan Greyeyes, aboriginal music program co-ordinator at Manitoba Music. He is the founding vice-chairman of the Manito Ahbee festival and the Aboriginal Peoples Choice Music Awards. He volunteers on the board of Aboriginal Music Manitoba, where he founded Aboriginal Music Week, a popular multi-genre festival that presents native, Métis, Inuit and indigenous artists from around the world. Greyeyes was instrumental in envisioning and creating the groundbreaking Aboriginal Music Performers Camp (AMP Camp).

Inflation rate minuscule

OTTAWA -- Inflationary pressures have all but vanished in Canada amid weak economic conditions, high consumer debt and the strong dollar, giving the Bank of Canada another reason to keep interest rates low longer.

The country's annual inflation rate held at 0.8 per cent for the second consecutive month in December, but an even bigger surprise was that prices dropped 0.6 per cent compared with November.

Manitoba's annual inflation rate held at 1.3 per cent for the second straight month amid falling prices for products such as gasoline, clothing and furniture, Statistics Canada said. The price decline from November to December was 0.7 per cent.

Exxon tops Apple for value

NEW YORK -- Exxon has again surpassed Apple as the world's most valuable company after the iPhone and iPad maker saw its stock price falter.

Apple Inc.'s stock has been declining since the company's quarterly earnings report Wednesday suggested its fast growth phase, rare for a company its size, may be coming to an end.

Apple's stock fell 2.4 per cent to close Friday at $439.88 for a market capitalization of $413 billion. That followed a 12 per cent drop Thursday, the biggest one-day percentage drop for the company since 2008.

Exxon Mobil Corp. gained 38 cents Friday to $91.73 for a market capitalization of $418 billion.

Apple first surpassed Exxon in the summer of 2011, displacing the oil company from a perch it held since 2005. Apple surpassed Exxon for good in early 2012 -- at least until Friday.

-- from staff, news services

Republished from the Winnipeg Free Press print edition January 26, 2013 B9

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