Description: One downside of the long period of low interest rates is that consumers have been piling on the household debt. With income growth in trouble, debt is growing faster than household income. Canadians now owe almost $1.70 per every $1 coming in. The Bank of Canada is concerned about the impact of these debt… Read more »
Posts By: Brent White
Your tax dollars at work; competing against other tax dollars
Description: For generations schools have competed against other schools in sports, drama, music and other activities. But would you believe Ontario’s four different publicly funded systems are competing each other in an effort to recruit systems from one of their three “competitiors.” Apparently in an area of declining enrollments attracting students to a school may… Read more »
Amaya CEO and insider trading
Description: Quebec securities market overseer AMF has uncovered an insider trading scheme at Amaya, the company which took over gambling hub Pokerstars in 2014. The insider trading dates back a number of years prior to the Pokerstars purchase. Allegedly, the insiders provided information on planned takeover deals with those making trades paying kickbacks on the… Read more »
Trash that tech
Description: No headphone jack on the new iPhone 7 and wireless earbuds – that seemed to be catching most of the attention with Apple’s latest release of its mega-product. It’s probably not exactly what Apple was hoping consumers would focus on with its latest product launch. But some are saying the iPhone is showing signs… Read more »
Tax on Apple: What about Starbucks and Amazon?
Description: Many of us have heard of the European Commission’s decision that Apple should repay over $14 billion in taxes and interest. The Commission ruled the Irish government’s arrangement with Apple was illegal state aid. This put new attention on the issue of global companies chasing favourable tax rates. Perhaps Austria’s Chancellor captured the feelings… Read more »
Betting on buses
Description: With schools opening all over Canada today, it might be time for investors to look at those bright yellow buses students are boarding this morning. Student Transportation Inc of Barrie, Ontario has been producing better than solid results for investors, particularly in terms of dividend yield, by providing student transportation across North America. Student… Read more »
What did you work at this summer?
Description: This past Saturday the Globe and Mail Report on Business featured a rather different sort of an article where ten highly successful Canadians talked about their summer jobs of years gone by. Finance Minster Bill Morneau talked about the value of hard work at his summer jobs. David McKay of the Royal Bank noted… Read more »
Sino-Forest failings
Description: The case against Sino-Forest Corp, the forestry company with the missing forests, is winding down more than a year and a half after it started. The founder of the company was accused of “gross breach of trust” for misleading investors. A board committee looking into the company’s disclosures has been unable to find the… Read more »
Argentina back in bond market
Description: After fifteen years in the debtors’ doghouse, Argentina has reentered the bond market. When the country defaulted on its debts in 2001, the bondholders resorted to various maneuvers to try and secure their funds, even going so far as to seize an Argentinian navy ship. But this new bond issue seems to be welcomed… Read more »
Duffy not guilty
Description: It would have been hard to miss it, the news of Senator Mike Duffy’s acquittal on all 31 criminal charges he faced for his role in the Senate expense controversy of recent years. The trial judge said Senator Duffy may have made various administrative errors in his expense claims, but there was nothing of… 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