C.E.O. Report
Hugh Dobbie Sr., RSD, AScT., MBA

The 2010 Olympic Winter Games and Paralympic Games are now over and Vancouver and Whistler have returned to normal. The several weeks of games provided a welcome distraction from the current economic situation. To make things more satisfying, Canada won more Gold medals than any other country. Now we return to the current work situation, and examine the market(s) for our products.

The following is an extract from the Vancouver Sun of April 7, 2010: "The Canadian Dollar reached parity with its U.S. counterpart Tuesday, as investors looked to park their cash in the fundamentally sound Canadian currency amid troubles in Europe.

Economists and currency strategists had been expecting parity for some time. The dollar began trading last week at 97 cents US and has steadily gained ground, due to better than expected Canadian G.O.P. growth for January, impressive US jobs data released on Good Friday, and Monday's bullish reading on the US services sector.

The US data is key, as its signals the US economic recovery has turned the corner."

With the strengthening of the Canadian dollar to the US dollar, we have seen a similar strengthening of the Canadian dollar to the Euro and Sterling, which has eroded some of our competitive advantage.

This continues to be a time for us to make full use of our training programs to increase our knowledge and productivity.

We are chasing some large and interesting projects at this time, and hope to make some positive announcements soon.