Description: Oh no – food prices are heading up. A family of four is predicted to have to spend an additional $500 on their food purchases in 2020. Unpredictable weather is the culprit, creating uncertainty in food production for farmers in Canada and elsewhere. Date: December 5, 2019 Source: cbc.ca Link: https://www.cbc.ca/news/business/climate-change-food-price-increase-report-1.5383507 Discussion points:… Read more »
Posts Categorized: Canadian Economy
4 Tips on Debt
Description: With many out doing their Christmas shopping, fears of personal debt are often around the corner. The Toronto Star offered four tips to keep you out of trouble. Number one is decide what to spend, then cut that number in half. Date: December 2, 2019 Source: thestar.com Link: https://www.thestar.com/business/2019/12/02/four-smart-ways-to-stay-out-of-debt-this-holiday-season.html Discussion points: 1) Have… Read more »
Tough times, no savings
Description: Over one third of Canadians have no retirement savings. And over one half of our citizens are living paycheque to paycheque. These are the rather dismal findings of a recent poll. As well, one third cannot pay off their credit cards each month, an indicator of financial pressures on Canadian households. Date: September 30,… Read more »
Deficit still there
Description: This past week our federal government introduced its budget for the next fiscal year. There were some interesting initiatives, including a possible grant to first-time home-owners from the Canada Mortgage and Housing Corporation and some early steps towards a national pharmacare program. But what wasn’t there is also quite interesting: the government is… Read more »
A rare Apple downward drop
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 »
Unemployment’s down; Why aren’t wages up?
Description: Unemployment in Canada has hit its lowest rate in forty years. The curious thing though, is that wages are not rising, in contradiction to our understanding of demand and supply. So, we seem to be faced with a case of good news/bad news. Though an increase in jobs is a very good thing, Manulife Asset… Read more »
Do you use self-checkout?
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 »
GM Leaving Town
Description: Thanks a lot for that one! Several years ago, Canadian and US taxpayers bailed out General Motors (GM) during the financial crisis. But GM is back in the black and it is saying it needs to close its plant in Oshawa to retool for the future, leaving 2500 people in this city out of… Read more »
We’re carrying a lot of debt!
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
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 »
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
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Weygandt Managerial Accounting, 6th Canadian Edition
Farmer Cost Accounting, 1st Edition
Savage Accounting Information Systems, 1st Edition