Description: The Air Miles customer rewards program has been purchased by Bank of Montreal, following financial problems that resulted in Air Miles parent company, LoyaltyOne, entering creditor protection. Losing the Sobeys grocery chain as a program participant in 2022 was a major blow to Air Miles. But a few years earlier, in 2016, Air Miles… Read more »
Posts Categorized: Accounting Principles
Bot Rejects Your Resume?
Description: The bot is ready to see you now. Or maybe not. That is, you may not even get in the door of a company you are interested in joining because the resume-reading bot has already declared you ineligible for the position. It’s hard to get to the short-list when you can’t even make it… Read more »
CES is Back
Description: After a couple of “off years” during the pandemic, the giant Consumer Electronics Show (CES) was back in full force in Las Vegas during the first week of January. CES offered lots of previews of what’s coming in electronic gadgets, including an improved touchless kitchen faucet from Moen, a dual-screen laptop by Lenovo, and… Read more »
Are Your Classmates’ Cars in Danger?
Description: Zeynel Ari said that the time it took him to walk from a parking lot, into his bank, then back to the lot, was all the time it took for thieves to grab his vehicle. Car theft rings are getting better at their illegal craft, with the number of stolen vehicles in Ontario rising… Read more »
Description: Insolvencies in Canada were up 22.5% over the same quarter last year. Statistics Canada said this was the largest year-over-year increase in 13 years. During the pandemic, a number of government programs seemed to have helped businesses and consumers to avoid this level of financial difficulty. But the rise of inflation, increasing interest rates,… Read more »
Silence at Sobeys
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 »
First Union at Amazon
Description: This past Friday workers at an Amazon warehouse in New York voted in favour of a union, a first for Amazon workers in the United States. The Amazon Labour Union (ALU) garnered roughly 55% of the votes cast. The victory comes on the heels of an unsuccessful bid to unionize another Amazon facility in… Read more »
Not the Best Timing for Lockout
Description: CP Rail has stated that it will lockout its engineers and conductors if they cannot reach an agreement with the Teamsters Union that represents its workers. This is not good news for a supply chain already struggling to recover from the SARS-CoV-2 pandemic. As well, the war in Ukraine has interrupted the grain supply… Read more »
Uncle Vanya’s Somewhat Familiar Logo
Description: Western businesses have been pulling out of Russia as a signal of displeasure about the invasion of Ukraine. Fast food giant McDonalds has been among those joining the protest with its announcement that its 850 locations in Russia would close. The response by the Russians was perhaps a bit unexpected, with one politician announcing… Read more »
Where’s the Co-op Housing?
Description: Rising rents have been a problem in many areas in Canada, adding one more log on the inflationary fire that Canadians have been experiencing. Housing co-operatives – or co-ops for short – offer an attractive alternative for controlling housing costs, where they are available. Though co-ops have operated in Canada for many years, there… Read more »