Lumber Price Drop

Posted by & filed under Accounting Careers, Accounting Principles.

Description: During` the first 18 months of the pandemic, demand for lumber skyrocketed, driving prices through the roof. Now prices are coming back to reality and those who delayed their projects are smiling. Two-by-fours were at $12.65 on June 1. Now you can pick one up for $3.95, essentially a pre-Covid value. Date:  September 15,… Read more »

Sustainable Investing Prompts Disclosure

Posted by & filed under Sustainable Development.

Description: Sustainable investing is a hot topic, prompting growth in so-called sustainable funds. But since there is no one established definition of what sustainability means, investors and advisors are left with questions such as how much carbon is a company emitting. This has prompted a call from investors and fund developers for more hard data… Read more »

Big Bets

Posted by & filed under Accounting Careers, Marketing & Strategy, Student life.

Description: The NFL is off and running for another season. And with this kickoff comes the news of just how much betting is going on out there. Legal bets on college and NFL football are likely to exceed $20 billion this year. With news like that, Draft Kings stock has been up 17% over the… Read more »

Economy Bounces Back

Posted by & filed under Canadian Economy.

Description: Statistics Canada says that the Canadian economy added 90,000 jobs in August. With an unemployment rate at 7.1%, this key economic measure is now at its lowest point since the pandemic began. The news is not all good, however, as fewer people are actually looking for employment, indicating that the Covid fears may be… Read more »

Wing Prices Take Off

Posted by & filed under Student life.

Description: With a variety of tasty toppings, chicken wings have become a favourite finger food among restaurant and pub patrons. But prices for poultry, canola oil and even chicken feed have been on the rise, meaning that chicken wings have become more expensive. Security of supply is also an issue of concern, leading a Regina… Read more »

Kraft-Heinz in a Pickle

Posted by & filed under Internal control.

Description: There’s a saying that any publicity is good publicity, but i’m not so sure it applies in this case. The giant food manufacturer agreed to a $62 million settlement with the Securities and Exchange Commission (SEC) as a result of Kraft-Heinz’s failure to properly account for certain expenses in its financial statements. Kraft-Heinz has… Read more »

No Votes on Campus This Time

Posted by & filed under Student life.

Description: In the last federal election in 2019, Elections Canada expanded its Vote on Campus program. Thousands more university students voted, almost doubling the total who had voted in 2015. But this year Elections Canada will not be providing the on campus option. Covid-19 has been blamed for the change. Date:  September 2, 2021 Source: … Read more »

Big Party at Queen’s

Posted by & filed under Financial Accounting, Financial Reporting and Analysis.

Description: Last Wednesday police broke up a major street party on University Avenue near Queen’s University in Kingston, Ontario. Though the crowd was estimated at 3,000 — well in excess of tbe 100 person limit under the Covid restrictions – less than 20 participants were arrested or charged. Queen’s University stated “consequences for this behaviour… Read more »

Outage at Rogers

Posted by & filed under Accounting Principles, Student life.

Description: Last Monday a software problem caused a loss of data and phone service to many customers of Rogers Communications. The loss of service hit customers in all parts of Canada, but Montreal and Southern Ontario appear to have suffered the most. The timing of the outage was particularly relevant for those who may have… Read more »

Summer Job Situation

Posted by & filed under Student life.

Description: As economics student Ethan Gilhula puts it, “It’s hard to find a job, especially when the one you’re looking for doesn’t exist.” Last summer much of the country was in some form of Covid containment, cutting off many traditional summer jobs for students. And though the promise of a vaccinated population creates a hopeful… Read more »