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 »
Posts Categorized: Canadian Economy
Still looking to cut that deficit
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 »
Well, That’s One Way to Handle a Pay Raise
Description: On January 1, 2018 Ontario raised the minimum wage to $14 per hour from the old floor of $11.60. CBC has found that at a number of locations in Ontario, Tim Horton’s franchise owners have responded to the increased costs by a variety of cost-cutting measures, including cutting paid coffee breaks for employees and… Read more »
RBC goes AI
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!
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?
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
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
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 »
What do I need to know about job churn?
Description: What do you really need to know about job churn? This concept of job churn sounds a bit unpleasant – and indeed it is. Young Canadians are facing increased job insecurity, with jobs offering any sense of permanency fading from the scene. Part time work and jobs with no benefits are a new normal…. Read more »
Food prices dropping?
Description: You might think lower food prices would be good news. But Sylvain Charlebois, Dean of Dalhousie Univeristy’s Faculty of Management says that we might want to hold off on the celebration. Agricultural commodity prices have dropped to about half of what they were in 2012, creating challenges for producers, retailers and processors. Date: October… 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