Posts By: Brent White

The Big Owe

Posted by & filed under Financial Accounting.

Description: The “Big Owe” is a nickname long associated with Montreal’s Olympic Stadium, given its history of cost overruns and other issues. The original retractable roof had been a source of problems, and the stadium has not been available for winter events for quite some time. But now, rather than pursue the option of a… Read more »

Debt Reduction?

Posted by & filed under Accounting Careers.

Description: New Brunswick Crown utility NB Power has entered a sale-leaseback transaction for its two head office buildings with Forum Asset Management of Toronto. The $39 million transaction was spoken of as a debt-reduction initiative. Since NB Power will continue to lease the larger of the two buildings, however, it was not clear from the… Read more »

Good Quarter for Canada Goose

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

Description: Canadian clothier Canada Goose reports good results with its latest quarterly earnings of over $130 million. Revenues were almost $610 million, up by six percent over results from the previous year. Canada Goose anticipates that its sales results for the full 2024 year will be somewhere in the range of $1.285 billion and $1.305… Read more »

First Netflix; Now Prime

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

Description: Say “so long” to the good old days of commercial-free viewing on Amazon Prime. The streaming giant announced that starting Monday, clients will start seeing commercials unless they cough up an added fee of $2.99 each month. Bloomberg’s Geetha Ranganathan notes that “It’s very difficult in the streaming world to make money.” This streaming… Read more »

Weaker Market = Lower Earnings

Posted by & filed under Accounting Careers, Student life.

Description: A report by TD Economics may be bad news for this spring’s graduates. In the current economic slowdown, TD Economics says new grads may take a lower starting salary than new entrants who may have graduated when unemployment was lower. The report offers it may take a decade for new employees to catch up,… Read more »

That’s Quite a Bit of Game Time

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

Description: So you sit down to watch a game of hockey, let’s say, or maybe some basketball, hoping for a few minutes relaxation. Did you realize, however, that you may be spending up to 21% of your viewing time staring at betting advertisements? Researchers from the CBC television program Marketplace teamed up with the University… Read more »

Ikea’s Cutting Prices!

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

Description: Furniture favourite Ikea is cutting prices on over 1,000 items. This is excellent news for Canadians battling rising prices, and perhaps particularly so for students struggling to furnish their apartments while off at university or college. One helpful move for students will see the BILLY Bookcase moving to $199 from its previous $249. And… Read more »

“Brazen” Fraud Scheme

Posted by & filed under Ethics, Fraud.

Description: Canadian Kyle Tsui pleaded guilty in an American court last week on charges that he had bilked $6 million dollars from approximately 88,000 customers. Tsui’s Allergy Testing Company offered these customers allergy and food sensitivity tests based on a small hair sample. But, as U.S. Attorney Damian Williams said, the company “didn’t even attempt… Read more »

Not the Category You Want to Lead

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

Description: It’s probably not the type of “leadership” position Rogers Communications was looking for; the news that Rogers has replaced Bell as the most complained about service provider in the telecommunications space in Canada. The Commission for Complaints for Telecom-television Services reports that Rogers racked up approximately 20% of all the complaints registered for the… Read more »