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Learning the financial ropes

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A group of students have a better idea of the cost of doing business in the Kivalliq after participating in a business module at Tuugaalik High School in Naujaat this past month.

Heather Inaksajak presents a thank you card and pen to Co-op manager Troy Leblanc for his presentation on the cost of doing business to students at Tuugaalik High School in Naujaat last week. photo courtesy of Lloyd Francis

The lesson was adopted to the Grade 9 class' curriculum to fit in with math and health. Teacher Lloyd Francis said students learned about budgeting, sales and how taxes actually work on products.

The students also headed out and compared prices between the Northern Store and Naujaat Co-op in their own community. With a 90-item checklist, the students found 37 items were less expensive at the Northern store, 32 were less expensive at the Co-op, and 21 items cost exactly the same at both stores.

Francis said the students were interested to learn why prices are so high in their community.

SA国际影视传媒淲e had 18 students take part in the exercise on comparing prices, and they certainly seemed to find it interesting,SA国际影视传媒 he said.

SA国际影视传媒淭hey were divided into nine groups of two, with each pair having 10 various items and they found, overall, the stores compared very closely.SA国际影视传媒

Naujaat Co-op manager Troy Leblanc came to the school and talked to the students about why the prices are set the way they are, how much money they spend on monthly wages for the 43 people who work at the Co-op, and the differences in the logistics costs between shipping and airplanes.

Leblanc demonstrated some of the math on the board for the students, and many of them found the difference between barge shipping and air cargo a real eye-opener, as well as the costs of power and fuel to the store.

Kendra Kringyark enjoyed the lesson and said a few things she learned took her a bit by surprise.

SA国际影视传媒淚 was most surprised to learn the difference in cost between shipping something on the boat compared to the plane,SA国际影视传媒 said Kringyark.

SA国际影视传媒淚 had no idea the air cargo was that much more expensive.SA国际影视传媒

Melanie Kaunak said she was surprised to learn about all the extra costs the Co-op, Northern, and all the other stores, have to pay.

SA国际影视传媒淭hen you learn all these costs SA国际影视传媒 oil, garbage pickup, power, wages SA国际影视传媒 it all goes into the cost of food,SA国际影视传媒 said Kaunak.

Bridgette Malliki said she understands the extra costs involved, but the prices are still too high.

SA国际影视传媒淲e still pay way too much for food in Naujaat,SA国际影视传媒 said Malliki.

SA国际影视传媒淗ealthy food, especially, needs to be more affordable.SA国际影视传媒

Darryl Angotinguar sees the present situation as the glass half full, while his classmate, Tigumiaq Haqpi, saw it as half empty.

SA国际影视传媒淧rices will go down eventually,SA国际影视传媒 said Angotinguar.

SA国际影视传媒淗aving less ice will mean we'll be able to get more boats and sea-lifts here, and maybe someday, there will be roads that connect us to southern Canada.SA国际影视传媒

Haqpi said he sees things going in exactly the opposite direction.

SA国际影视传媒淭hings are going to get more expensive because, even down south, prices are going up, so things are just going to get more expensive up here,SA国际影视传媒 said Haqpi.





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