Description: Over one third of Canadians have no retirement savings. And over one half of our citizens are living paycheque to paycheque. These are the rather dismal findings of a recent poll. As well, one third cannot pay off their credit cards each month, an indicator of financial pressures on Canadian households. Date: September 30,… Read more »
Posts By: Brent White
Regulator woes
Description: Alberta Auditor General Doug Wylie and Alberta’s Ethics Commissioner Marguerite Trussler both issued reports this week on the activities of the former CEO of the province’s energy regulator. The ex-CEO, Jim Ellis, was alleged to have “grossly mismanaged” the affairs of the regulator by using a third-party organization he established to sell Alberta expertise… Read more »
Climate March
Description: At the Ottawa climate march Friday, they said the crowds were larger than those on Canada Day. In cities across Canada and around the world, students left classes to join in climate marches to protest the direction the world is headed in this era of climate change. Swedish activist Greta Thunberg has been inspiring… Read more »
See You in Court
Description: About four years ago the world began learning the Volkswagen had used a sophisticated software trick to trick regulators who were checking emission standards. The scandal has already cost the company almost $40 billion. Now we have learned that three top executives at Volkswagen are being prosecuted for their roles in covering up the… Read more »
Big Losses
Description: Ontario is considering changes to its marijuana sales model. In the past fiscal year, the Crown corporation handling sales of the newly legalized product lost $42 million. Ontario is not the only province to lose money. New Brunswick has also recorded millions in losses. Date: September 27, 2019 Source: thestar.com Link: https://www.thestar.com/business/2019/09/27/ontario-considering-alternative-to-pot-wholesale-model-sources.html Discussion points: … Read more »
No worries?
Description: A consultant, Jason Coulls, reports that he has discovered Scotiabank software and access codes on a website. Scotiabank is taking action, directing its technical team to remove the material. Scotiabank is reassuring the public that no problems will result to its 25 million customers. Date: September 20, 2019 Source: cbc.ca Link: https://www.cbc.ca/news/business/scotiabank-data-1.5291511 Discussion points: … Read more »
Quit Looking
Description: If you wanted one of those Beyond Meat sandwiches from Tim Horton’s, quit looking, unless you live in Ontario or BC. The coffee chain said the product had been offered as a market test. Significant uptake in Ontario and BC has prompted management to keep Beyond Meat in those two jurisdictions while pulling it… Read more »
Hard times at exam centres
Description: A tough exam is kind of what you are expecting if you are sitting down to write the CPA national examination to qualify to become an accountant. That’s why CPA students take-off weeks to study for this important career milestone. This year, however, the exam writers in some centres had additional challenges to overcome…. Read more »
Tough quarter at HBC
Description: A tough quarter: that’s a quick way to summarize the financial results at the Hudson’s Bay Company for the three months ended August 3. HBC’s loss was booked at $984 million. The loss averaged $5.35 per share. Date: September 12, 2019 Source: citynews1130.com Link: https://www.citynews1130.com/2019/09/12/hudsons-bay-co-reports-984m-second-quarter-loss-1-9b-in-revenue/ Discussion points: 1) Do you shop at the Bay?… Read more »
Unwelcome timing
Description: Right now the United Auto Workers is involved with negotiations with the automakers, the contracts having expired September 14. Given this, the timing of this past week’s announcement that Vance Pearson, a member of the UAW’s executive board, had been arrested on charges of embezzeling union funds, is quite unfortunate. The union responded that… Read more »
Burnley Understanding Financial Accounting, 3rd Canadian Edition
Kimmel Financial Accounting, 8th Canadian Edition
Weygandt Accounting Principles, 9th Canadian Edition
Kimmel Survey of Accounting, 2nd Edition
Kieso Intermediate Accounting, 13th Canadian Edition
Weygandt Managerial Accounting, 6th Canadian Edition
Farmer Cost Accounting, 1st Edition
Savage Accounting Information Systems, 1st Edition