Looking Forward

Posted by & filed under Accounting Careers, Canadian Economy.

Description: According to a recent Leger survey, younger Canadians are more pessimistic about the Canadian economy than they were last year at this time. This seems to be reflected in a willingness to hang tight in their current employment versus pursuing a new job. In looking at their personal finances, 22 percent of the respondents… Read more »

Real Estate Regulator Failing

Posted by & filed under Accounting Careers, Auditing.

Description: The auditor general of Ontario has found that the provincial real estate regulator – RECO – is falling down on its job of protecting buyers and sellers. In her value-for-money audit of RECO, auditor general Bonnie Lysyk found various problems with the organization, including a lack of follow-up on consumer complaints and faulty processes… Read more »

No Gold Here

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

Description: Did you know that the Bank of Canada, unlike central banks in a number of other nations, does not hold any gold reserves? About twenty years ago the Bank sold off all of its gold holdings, claiming the cost of holding gold and the higher returns available from foreign bonds made gold a bad… Read more »

Silence at Sobeys

Posted by & filed under Accounting Careers, Accounting Principles.

Description: Sobeys has gone virtually silent in the face of an apparent data breach last week. Customers at Sobeys and other related Empire Company stores, found themselves unable to process transactions normally. Problems included filling prescriptions at the pharmacy. Another food company, Canada Packers, also had similar problems last week, but it took a different… Read more »

Health Benefits Bring Workers

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

Description: Restaurant employees have long been used to working without employer sponsored health benefit plans. But in this time of staff shortages, restaurateurs, such as Calgary’s Antonio Migliarese, are seeing health and dental benefits as way to attract and retain a quality staffers. As line cook Maddy Vine states, in “an industry that’s all about… Read more »

Have You Started Christmas Shopping Yet?

Posted by & filed under Accounting Careers, Canadian Economy, Risk management.

Description: Canadians are launching their Christmas shopping early this year, partially driven by an effort to beat higher prices due to inflation. An American survey indicates that 37% of that population plans to start earlier this year. Robert Domagala, a retail industry analyst, noted to Global News that “prudent shoppers are probably going to try… Read more »

Quiet Firing

Posted by & filed under Accounting Careers, Financial Accounting.

Description: On September 6, this blog featured a post on the trend of quiet quitting. Now comes the flip side: quiet firing. Nita Chhinzer a professor at the University of Guelph, speaks of employers who make “the workplace such a difficult environment that the employee feels that they have no choice but to leave,” saving… Read more »

Less Than Nothing?

Posted by & filed under Accounting Careers, Canadian governments, Cost Accounting.

Description: Less than nothing? That was how the CBC described the situation where the government of New Brunswick seems to be paying forestry companies to harvest pulpwood on Crown lands in the province. The new government rate charges harvesters $3.40 per cubic metre of certain softwoods. But the government then pays the forestry companies $3.90… Read more »