The Camper Glut

Posted by & filed under Accounting Careers, Canadian Economy, Student life.

Description: In the early days of the Covid-19 pandemic when air travel was heavily disrupted, Canadians directed their vacation spending towards things that would allow them to spend time outdoors; purchases such as travel trailers, RVs, ATVs, and camping gear. But a combination of the bounce-back from Covid travel restrictions and a decline in discretionary… Read more »

There Goes Your Show

Posted by & filed under Accounting Careers, Marketing & Strategy, Student life.

Description: Bell has announced that starting next month, shows customers have recorded on their PVRs will disappear after 60 days. With the move to cloud storage, Bell clients have benefited by being able to watch their recorded shows on mobile devices. But, of course, all that cloud storage comes at a cost, and, it appears… Read more »

Saltwire Sadness

Posted by & filed under Accounting Careers, Auditing, Canadian Government, Financial Accounting, Marketing & Strategy.

Description: The Halifax Chronicle Herald is one of Canada’s oldest continuously publishing newspapers, but its future may be in jeopardy following news that its parent company, the Saltwire Network, is seeking creditor protection. Saltwire owes about $94 million, with about one third of that on the books of its largest creditor, Fiera Private Debt. Stephen… Read more »

January Tough Month for Insolvencies

Posted by & filed under Accounting Careers, Financial Accounting, Student life.

Description: Business insolvencies in January were about double of what they were in January 2023. One factor cited for the problem was the requirement to pay back loans of up to $60,000 under the Canada Emergency Business Account program by January 18. Simon Gaudreault of the Canadian Federation of Independent Business says that “Insolvencies are… Read more »

Lynx Airlines Shuts Down

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

Description: Low-cost carrier Lynx Airlines announced it would be shutting down February 26. Lynx informed its passengers travelling on later dates that they should seek refunds through their credit card provider rather than from Lynx. The discount airline got off the ground in 2022, but it blames such forces as inflation, high fuel cost, exchange… Read more »

30 Seconds = $7 Million

Posted by & filed under Accounting Careers.

Description: Interest was high in both the play on the field and in the advertisements between the action when the Super Bowl took place last Sunday. CNN rated the winners and losers among the commercials for the big game. With 30 seconds of commercial time costing advertisers $7 million – and additional millions for production… Read more »

Debt Reduction?

Posted by & filed under Accounting Careers.

Description: New Brunswick Crown utility NB Power has entered a sale-leaseback transaction for its two head office buildings with Forum Asset Management of Toronto. The $39 million transaction was spoken of as a debt-reduction initiative. Since NB Power will continue to lease the larger of the two buildings, however, it was not clear from the… Read more »