Nike Sues Lululemon

Posted by & filed under Financial Accounting.

Description: Last Monday Nike Inc. announced it was suing Lululemon Athletica for an unspecified amount of damages. Nike’s claims allege four articles in Lululemon’s footwear lineup – Blissfeel, Chargefeel Low, Chargefeel Mid and Strongfeel – infringe on Nike patents. Last year Lululemon was on the other end of the legal argument when it settled a… Read more »

Retired – With a Mortgage?

Posted by & filed under Accounting Careers, Canadian Economy.

Description: High home prices have been bad news for many younger Canadians starting on the home ownership and career journey. But these increased costs have also created stress for older Canadians as they enter the uncharted territory of carrying a mortgage into retirement. Dan Hallett, a financial planner, says “It’s certainly not ideal,” to enter… Read more »

MUN at Fogo Raises Eyebrows

Posted by & filed under Advanced Accounting, Student life.

Description: Memorial University of Newfoundland and Labrador (MUN), is drawing some heat for spending close to $60,000 of its funds on a conference at the luxury hotel on Fogo Island. MUN defends the move, noting that it booked the rooms at $350 a night, versus the $2,875 cheapest listed rate the hotel normally offers. MUN’s… Read more »

Food Inflation

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

Description: We’ve heard some good news and some bad news on inflation in Canada in recent days. While the Bank of Canada’s strategy of raising interest rates to help check inflation appears to be working overall, food inflation continues to soar with an annual increase measured at 11 percent in December. The price on every… Read more »

Rich Get Richer

Posted by & filed under Canadian governments, Ethics, Taxation.

Description: Development organization Oxfam has reported that the “1%” – the richest people in the world – have acquired 2/3 of the new wealth created since the pandemic. While the upper echelon is adding $2.7 billion to its wealth total each day – yes that does say billion with a “b” – people in less… Read more »

Shape Up Your Finances in 2023

Posted by & filed under Accounting Careers, Student life.

Description: With a new year underway, here is an opportunity to take steps to improve your personal finances. Sandra Fry of the Credit Counseling Society offers six tips to help guide your financial behaviours, starting with the need to understand where you are spending your money right now. In other words, where does your money… Read more »

The Trains Too!

Posted by & filed under Risk management, Student life.

Description: After all the horror stories about airline travel delays and cancellations over the holidays, maybe it’s a bit too much to stop and realize the trains had similar issues. Via Canada’s CEO, Martin R. Landry, released a statement of apology this week for leaving passengers in Quebec and Ontario in the lurch in the… Read more »