Falsifying Business Records

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

Description: One of the biggest news items this past week had to be the indictment of former US president Donald Trump in a New York City courtroom. Though there was lots of debate about the event, from an accounting perspective, the interesting notion is that the charges revolve around the falsification of business records. One… Read more »

WestJet Strike?

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

Description: It’s probably not the news you wanted to hear as you wind down the winter term at university and get ready to travel back home for the summer break: WestJet’s pilots’ union is set for a strike vote. Bernard Lewall, a union representative, is frustrated by the results of the last six months of… Read more »

Good Times at Dollarama

Posted by & filed under Financial Reporting and Analysis, Student life.

Description: Inflationary times have been good times for Dollarama. The rising cost of living has driven customers Dollarama’s way in a search of savings, pushing sales figures about 17 percent higher than in the previous fiscal year. Profits are also up, prompting the discount retailer to pump up the quarterly dividend to its shareholders. Date:… Read more »

Blackberry Sells Patents

Posted by & filed under Financial Accounting, Student life.

Description: Blackberry, that Canadian company once known for its namesake phones, is now rebranded as a software and messaging security organization. Consistent with this outlook, Blackberry has sold-off patents it no longer considers part of its core business for the tidy sum of $900 million. Part of the compensation is based on future royalties of… Read more »

Here Comes Shake Shack

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

Description: Canada will be getting its first Shake Shack in 2024. The American burger joint has targeted Toronto for its entry into our Canadian market, but it has said it plans to have 35 stores here by 2035. The fast food market in Canada reports growing sales, with the number up 9% in 2022 and… Read more »

The PPE Suppliers Disappear

Posted by & filed under Accounting Careers, Contemporary Business Issues.

Description: In the early days of the SARS-Cov-2 pandemic, many Canadian companies responded to the requests from the federal and various provincial governments to help fill the need for personal protective equipment (PPE) for our health care workers. But now 90% of those businesses have collapsed as Canadian governments and hospitals have inked contracts with… Read more »

Corporate Welfare Billions

Posted by & filed under Canadian governments, Financial Reporting and Analysis.

Description: Several media reported this week on a recent Fraser Institute study on the extent of corporate welfare in Canada. The various business subsidies “come with huge costs to government budgets and taxpayers while doing little if anything to stimulate economic growth,” according to Tegan Hill, a co-author of the report. From 2007 through 2019,… Read more »