A rare Apple downward drop

Posted by & filed under Canadian Economy.

Description:  Somewhat of a rare move you might call it; Apple has predicted a downward trend in its sales volume due largely to declining demand in China. Apple’s bad news comes amid a brewing trade dispute between China and the United States, the world’s two largest economic powers. The markets did not like this bellwether… Read more »

Do you use self-checkout?

Posted by & filed under Canadian Economy, eCommerce.

Description:  Some call them job killers, those automated checkouts that seem to be spreading in the retail world. According to a survey from Dalhousie University, about 25% of those sampled had never used a self-checkout. Automation obviously allows for companies to cut costs. Some argue, though, that technological change leads to job growth. Date:  December… Read more »

We’re carrying a lot of debt!

Posted by & filed under Canadian Economy, Student life.

Description:  Canadians are carrying a lot of debt. Canadians debt ratios now sit at 169% of disposable income of households. In 2006 the ratio was at 132%. Canada’s central bank is concerned that the consumer debt issue could put the economy in trouble as the low interest rates of the past few years creep higher…. Read more »

So much for stimulation by tax cuts

Posted by & filed under Canadian Economy, Taxation.

Description:  According to the theory, the massive US tax cuts of last year were supposed to get the tech companies hiring lots of workers. But according to the Financial Times of London, five large American tech firms, including Apple and Alphabet, spent $115 billion on share buybacks. This could be setting up the companies for… Read more »

That sinking feeling

Posted by & filed under Canadian Economy.

Description:  The Canadian economy took a jobs hit in August. The unemployment rate climbed to 6 per cent with a net job loss of 51,600 on the month. Losses in the part-time sector seemed to be a big factor in the decline. Alberta moved up in jobs while Ontario slipped backwards. In New Brunswick, a… Read more »

On the border

Posted by & filed under Canadian Economy.

Description:  The past week has seen story after story on the trade talks between Canada and the United States. This all follows the US and Mexico coming to terms on a trade deal. Will Canada be left on the sidelines in the North American Free Trade Agreement? What will this mean for Canadian consumers? One… Read more »

50/50

Posted by & filed under Canadian Economy.

Description: Canadians appear to be split down the middle regarding who is right regarding the pipeline dispute between Alberta and British Columbia. When BC’s government threatened to slow down the progress on the Kinder-Morgan pipeline by launching additional study on environmental impacts, Alberta struck back with threats to block British Columbia’s wine sales in Alberta… Read more »

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 »