Description: More Canadians are becoming self-employed. And wages of those employed seem to be falling. A study by the Canadian Imperial Bank of Commerce shows rather alarming trends in measures of job quality, looking at data from a 25 year span. Source: Globe and Mail.com Date: March 5, 2015 Link: http://www.theglobeandmail.com/report-on-business/economy/job-quality-in-canada-sinks-to-all-time-low-cibc-index-shows/article23303996/ Discussion Points: 1) How… Read more »
Posts By: Brent White
Costco beats Walmart
Description: Costco – the huge warehouse style retailer – beat Walmart and Target in sales growth in the most recent quarter. Costco was up over 8% versus about 1.5% for Walmart and 3.2% for Target. Perhaps in a bit of a surprise though, Costco shares fell about 0.1%. Source: Globe and Mail.com Date: March 5,… Read more »
Not ready for hackers
Description: A report released on Tuesday, February 24, by security firm FireEye showed that roughly 70 percent of companies suffering data breaches last year found out about it from someone outside the organization. Police agencies and customers, for example, may notify a company before anyone inside the organization realizes they have been hit by cyberattack…. Read more »
Can Canada afford it?
Description: A report released by Canada’s Parliamentary Budget Officer is raising alarm regarding the government’s plan to double the limit on Tax Free Savings Accounts (TFSAs). Both the federal government and the provinces would eventually be losing billions in revenue each year as a result of the changes. With aging populations, this raises serious questions… Read more »
Bay goes beyond retail
Description: Hudson’s Bay Company is going beyond the retail sales stream in an effort to add value to its business. The company announced it has entered into joint ventures, one with an American company and the other here in Canada, in an effort to cash in on value locked in its real estate assets. The… Read more »
Big student loans write-off
Description: The Government of Canada is writing off about $300 million in student loans, most of which was defaulted on before 2009. The details were revealed in supplementary spending estimates tabled in Parliament on February 19. Jessica McCormick of the Canadian Federation of Students commented that the amount of the defaults points to a need… Read more »
Pension woes
Description: Interest rates continue to fall, signalling bad times for pension funds and pension recipients. As rates fall, the present value of the liabilities in defined benefit pension plans increase. An increase in liablities, often means that a company must contribute more cash to the pension plan. Source: Globe and Mail.com Date: February 20, 2015… Read more »
SNC-Lavalin charged for bribery
Description: SNC-Lavalin, the Canadian engineering giant, has been charged by the RCMP for bribery. These charges stem from SNC-Lavalin’s alleged bribes to Libyan officials of at least $47.7 million. The company could also face additional charges according to the Globe and Mail. Source: Globe and Mail.com Date: February 19, 2015 Link: http://www.theglobeandmail.com/report-on-business/snc-lavalin-faces-rare-corporate-fraud-and-bribery-charges/article23108284/ Discussion Points: 1)… Read more »
Fines not enough
Description: It seems that even big fines are not enough to prevent financial institutions from helping their clients hide from tax authorities. The International Consortium of Investigative Journalists recently released various details about HSBC’s Swiss operation, where “piles of cash” were hid from taxing authorities. Britain appears to have generated roughly $200 million in revenue… Read more »
Really, really, really smart t.v.
Description: Many were perhaps shocked this past week when Samsung revealed that while you are watching television, your television may be listening to you. While perhaps no one is quite sure what is going on in the mysterious cloud, Samsung’s new terms of use for its smart t.v. alerts users that spoken words and personal… 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