Economy | Wiley Accounting Updates

Tim Hortons recreates original Hamilton store — in Toronto

Posted 9:17 pm by Gerry La Rocca & filed under Canadian Economy.

Tim Hortons Is celebrating the 50th anniversary of the opening of its first location, and today the coffee and doughnut giant created a temporary replica of Store No. 1 and plopped it into a busy city square. The installation, staffed on Thursday with servers dressed in Mad Men-era uniforms handing out goodies to passersby, wasn’t… Read more »

Bank customer’s lawsuit raises questions about fraud liability

Posted 10:30 pm by Gerry La Rocca & filed under Financial Accounting, Fraud.

$80K fraud case highlights caveats and conditions giving banks a backdoor for liability Security of online credit cards in question The case of an Ontario man who was charged more than $80,000 on his credit card for purchases he claims he didn’t make is raising new questions about the security of online and credit card transactions and whether banks are shifting liability for… Read more »

Tim Hortons plans 800 more restaurants

Posted 11:11 pm by Gerry La Rocca & filed under Accounting Careers, Advanced Accounting, Financial Accounting, Franchise.

Increase in Tim Hortons Franchises Tim Hortons has laid out an ambitious plan to add 800 more franchise outlets by 2018, the latest shot in an escalating war to stay on top of the quick breakfast and coffee market. The TSX-listed company said Tuesday it will add as many as 300 new locations in… Read more »

Bitcoin: Be prepared for the rise of digital currency

Posted 10:19 pm by Gerry La Rocca & filed under Advanced Accounting, Canadian Economy, Currency, International Business Operations.

One bitcoin is worth $720 Cdn Each day, Lorne Lantz buys his lunch with bitcoin. Some say the burgeoning digital currency has no real value — but his sandwiches say otherwise. Cryptocurrency? Bitcoins and other “cryptocurrency” have started to rise from the fringes of the internet to the cusp of mainstream use — a remarkable… Read more »

Refunds: why retailers are making it harder for you to get them

Posted 11:41 pm by Gerry La Rocca & filed under Auditing, Fraud, Fraud Accounting, Marketing & Strategy.

Returns fraud costs customers in terms of higher prices, more restrictive store policies Want your money back? Not so fast. Return policies are getting tighter as retailers try to protect themselves from returns fraud — and honest customers often pay the price. Not only that, but at many stores, policies are unevenly applied, a CBC… Read more »

Global trade deal reached after 2 decades

Posted 11:35 pm by Gerry La Rocca & filed under Canadian Economy, International Business Operations.

The World Trade Organization has forged a deal that could add $1 trillion to the world economy. It’s aimed at cutting red-tape to help poorer countries sell their goods to wealthier nations. A deal to boost global trade has been approved by the World Trade Organization’s 159 member economies for the first time in… Read more »

Black Friday deals no guarantee of retail bonanza

Posted 11:29 pm by Gerry La Rocca & filed under Canadian Economy, Marketing & Strategy.

Canadian retailers are pulling out more stops this year to lure bargain hunters on Black Friday, but the promotional blitz may not reap the bottom line rewards many stores are hoping for. From B.C. to the Atlantic Provinces, malls are opening before sunrise as the U.S. shopping phenomenon pegged to the day after American Thanksgiving makes further… Read more »

Late to the party, Hortons finally unveils cup sleeve

Posted 10:02 pm by Gerry La Rocca & filed under International Business Operations, Marketing & Strategy.

In the fall of 1993, a struggling realtor in Oregon named Jay Sorensen patented a cup sleeve. He’d been driving his daughter to school, coffee in hand, and burned himself. He figured there had to be a better way. Battle with Starbucks He got into a battle with Starbucks, which later came up with a… Read more »

5 Canadian consumer trends to shape the future of retail

Posted 11:06 pm by Gerry La Rocca & filed under Canadian Economy, Marketing & Strategy.

Canadians consumers are increasingly looking for healthy and locally made products, according to a new study from the Business Development Bank of Canada that identifies five trends shaping consumer behaviour. A BDC study just released looks at the increasing importance of the internet in decision-making, with half of consumers conducting an online search prior to… Read more »

What’s trending today in Accounting & Finance?

Posted 6:46 pm by Gerry La Rocca & filed under Accounting Careers, Canadian Economy, Corporate Social Responsibility, CPA, Financial Accounting, Fraud, IFRS, International Accounting, Taxation.

These are dynamic days for the profession and opportunities abound. Here’s everything you’ve ever wanted to know about best bets for jobs About six years ago Cathy Logue, an accountant by trade, and her two business partners launched Ambit Search in Toronto. The boutique executive recruiting firm is focused exclusively on filling finance and accounting… Read more »