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 »
Posts Categorized: Canadian Economy
Productivity Problems
Description: Carolyn Rogers of the Bank of Canada says Canada needs to improve its productivity, or we could be bracing for a tough period of inflation. Canada lags behind other parts of the world in our investments in plant and equipment, in addition to our comparative deficits in intellectual property. Scotiabank vice-president Derek Holt says… Read more »
The Lipstick Index
Description: The Lipstick Index is perhaps one of the most unusual measures of economic performance you may have encountered. Essentially, this measure says that when times are tough, consumers will still avail themselves of smaller luxuries like skin care and perfumes in the face of cut backs on larger purchases. Leonard Lauder, the former CEO… Read more »
A Good Year for the Wealthy
Description: According to Statistics Canada, 2021 was a good year for the wealthy. Canada’s top 1% of income earners saw their incomes go up by 9.4% that year, with the top 0.1% doing even better with an increase of 17.4%, pushing them to an average of nearly $2.1 million. Statistics Canada noted similar increases were… Read more »
Google Test-Blocks Canadians
Description: In an apparent response to the federal government’s Online News Act, Google has blocked some Canadians from their news feeds. Google has called this a test, noting the company runs thousands of tests like this in any given year. The Act will force platforms like Google and Facebook to begin compensating media publishers for… Read more »
Air Canada Profit Last Quarter
Description: Air Canada posted a profit of $168 million in the most recent quarter that ended December 31. Even with the bad weather that made for a general rough patch over the Christmas travel period, Air Canada still managed to generate positive results. Revenue was 2% higher than for the same period in 2019, indicating… Read more »
Google Layoffs Hit Canada
Description: Google has announced that it is laying off 12,000 workers worldwide. The impact is being felt in Canada, although the extent of job loss here was not immediately evident. Google joins other big tech companies in the layoff trend as Amazon, Microsoft, and Meta have handed out notices to employees in recent weeks. Sundar… Read more »
Freeze Lifted
Description: High food prices have been impacting Canadian consumers in this inflationary environment, and some are expressing their displeasure via social media in the wake of Loblaw lifting a prize freeze it had set back in the fall of 2022. Loblaw has responded through its own social media channels to defend its actions against consumers’… Read more »
Retired – With a Mortgage?
Description: High home prices have been bad news for many younger Canadians starting on the home ownership and career journey. But these increased costs have also created stress for older Canadians as they enter the uncharted territory of carrying a mortgage into retirement. Dan Hallett, a financial planner, says “It’s certainly not ideal,” to enter… Read more »
Looking Forward
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 »
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