Target leaving town

Posted by & filed under Canadian Economy, Corporate Strategy, Financial Reporting and Analysis.

Description: Many were caught by surprise last week when retail giant Target announced it was ending its Canadian experiment and closing all of its stores here. Many have speculated on what went wrong in this strategic misstep. Impacts of Target’s withdrawal may be difficult to assess, but it will certainly hit the retail real estate… Read more »

High frequency trader charged

Posted by & filed under Contemporary Business Issues, Ethics.

Description: A Canadian has been arrested in Florida for his alleged involvement in a high-frequency trading scheme. Allegations suggest that the Canadian trader used a plan known as layering or spoofing to impact share prices. It appears that the scheme was detected when the trader approached an employee of a bank in an attempt to… Read more »

Financing public infrastructure

Posted by & filed under Advanced Accounting, Public Finance.

Description: On Tuesday, January 13, the Quebec government announced that the provincial pension fund, the Caisse de dépôt et placement du Québec, would make a $5 billion investment in the province’s transportation network. The pension fund will provide both the financing and the management for these assets. This mixing of political and pension goals may… Read more »

Holstein hero

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

Description: Rosafe Signet is sort of a household name in Cuba, but he is barely known in his Canadian home. This prize Holstein bull is the father of much of Cuba’s dairy herd. Now, with President Obama’s warming of relations towards Cuba, and the actions of a determined Vancouver attorney named Carey Linde fronting the… Read more »

How about those fees for flying?

Posted by & filed under Accounting Principles, Financial Reporting and Analysis, Marketing & Strategy, Student life.

Description: Air Canada recently reported its best quarter in corporate history. No doubt all those extra fees airline customers have to pay fit somewhere into that profitable picture. In the US, this so-called ancillary income – where it is disclosed – is up from $2.5 billion back in 2005 to $31.5 billion for 2013. That’s… Read more »

Europe and deflation

Posted by & filed under Accounting Theory, International Business Operations.

Description: In December, Europe officially entered the deflationary zone, with a 0.2 per cent drop in the consumer price index. The European Central Bank is being pressured to respond to this situation. A deflationary environment, if it persists, can be very damaging if people begin to expect a future of declining prices. Source: Globe and… Read more »

Life insurance and macadamia nuts

Posted by & filed under Advanced Accounting, Auditing.

Description: When you think of Manulife Financial Corp, you probably think of life insurance. But you may be surprised to learn that the company has diverse investments ranging from timber to  renewable energy to macadamia nuts. A broader range of investments helps the company compete in the wealth management business while offering growth potential. Source:… Read more »

How about that for a snub?

Posted by & filed under Taxation.

Description: One of the big book hits of the last year has been French economist’s Thomas Piketty’s Capital in the 21st Century. Pikkety’s 700 plus pager has generated debate with his call for a global tax on capital, a prescription he argues is necessary to assist low growth economies that see too much wealth in… Read more »

Six big predictions for 2015

Posted by & filed under Accounting Careers, Canadian Economy.

  Description: Saturday, January 3, the Report on Business cover story highlighted “Six stories to watch in 2015.” These six included discussion on oil uncertainty, housing prices, and the expectations for Canada’s banks. As a business student, you might find it useful to save this article after you read it. Then, set yourself a reminder… Read more »

Praise for diversity in Canada’s banks

Posted by & filed under Accounting Careers, Corporate Governance.

Description: Canada’s financial sector has been ranked third in a list of 19 countries for the proportion of female executives serving these institutions. The report by Oliver Wyman  credits “a web of support” in the industry for the fact that 23 percent of Canadian financial executives are female. Norway at 35 percent and Sweden at… Read more »