Phones drop inflation

Posted by & filed under Accounting Principles, Canadian Economy.

Description: Canada’s inflation rate was down to 1.9% in December. One big factor appears to be a slow down in gasoline price increases. Another was a short price war on cellphone plans sparked by Shaw cutting consumer costs on some of its offerings. When other large carriers followed suit, consumers benefitted, as long as they… Read more »

Up go the interest rates

Posted by & filed under Canadian Economy, Student life.

Description: The major banks in Canada have raised their interest rates following the Bank of Canada’s third recent increase in its lending rate to 1.25%. With positive economic growth and healthy employment levels, the Bank of Canada believed it was a suitable time to raise rates. Lurking in the background, however, is the possibility of… Read more »

Still looking to cut that deficit

Posted by & filed under Advanced Accounting, Canadian Economy.

Description: The deficit is still here. And Canada’s Finance Minister, Bill Morneau, says it will be for the foreseeable future. Morneau is projecting a deficit of slightly less than $20 billion for the Canadian government for the 2017-18 fiscal year. He is forecasting the deficit will continue to decline over the next several years, despite… Read more »

RBC goes AI

Posted by & filed under Accounting Careers, Canadian Economy.

Description: Last week this blog noted how Montreal is moving ahead with the aerospace industry. This week, Montreal is in the spotlight again. RBC is investing in an AI (artificial intelligence) laboratory in Montreal, building on its business efforts with this technology in Edmonton and Toronto. Date: November 21, 2017 Source: ctvnews.ca Link: http://montreal.ctvnews.ca/rbc-looks-to-get-smart-with-montreal-artificial-intelligence-lab-1.3687375 Discussion… Read more »

. . . With electric trucks!

Posted by & filed under Canadian Economy, Sustainable Development.

Description: In the same week Loblaws  announced that it was starting up a delivery service for online orders, it also surprised us with another future looking move by stating an intention to purchase Tesla’s electric trucks. The trucks are expected to hit the road in 2019 and will help move the giant grocer ahead in… Read more »

Walmart workers worried?

Posted by & filed under Canadian Economy, Financial Accounting.

Description: Retail is a very competitive industry, with companies perpetually seeking cost advantages over competitors. Walmart has often been seen as the leader in this respect, long renowned for its integration with suppliers and just in time deliveries. This week Walmart announced it would introduce a self-scanner for consumers to use in 22 of its… Read more »

Standing up for dairy farmers

Posted by & filed under Canadian Economy, Marketing & Strategy.

Description: It’s probably news that Canadian dairy farmers did not want to hear. While visiting Wisconsin, U.S. President Donald Trump promised he would stand up for dairy farmers in that dairy state, criticizing current trade rules as unfair. Meanwhile, the dairy sector in Australia, New Zealand and Mexico welcomed the thought of attacking the Canadian… Read more »

Quebec bucks the trend

Posted by & filed under Canadian Economy, Canadian governments, Uncategorized.

Description: While Saskatchewan, Alberta and the federal government in Ottawa have all delivered budgets with big planned deficits in recent weeks, last week the Province of Quebec issued a balanced budget. The budget also promised an income tax cut for Quebec citizens. Could this have anything to do with a coming election in 2018? Date:… Read more »