Fading middle class dream

Posted by & filed under Accounting Careers, Contemporary Business Issues.

Description:  A new report from the Organization for Economic Co-operation and Development (OECD) concludes the middle class is shrinking. Even worse for Canada, our middle class seems to be faring a bit worse than those in other nations studied. As noted by OECD’s chief of staff, Gabriela Ramos, “The middle class is at the core… Read more »

So much for cheap cellular

Posted by & filed under Contemporary Business Issues.

Description:   A few months ago, Canadian regulators issued a decision Canadian consumers were tantalized by: cheaper cellphone rates. But the industry watchers appear to be underwhelmed by the results. One of the experts called the new plans being offered “pretty much a joke.” Canadians remain behind other nations in terms of the amount of data… Read more »

Tim’s magnate dies

Posted by & filed under Succession Planning.

Description:   Ron Joyce, the first franchisee of Tim Horton’s, and the man who helped grow the chain into a fast-food empire, has died. Joyce, a native of Tatamagouche, N.S., eventually sold Tim Horton’s to Wendy’s in the 1990s. He became well-known as a generous benefactor of various institutions. In a highly notable case, in memory… Read more »

Huawei Chief Financial Officer Arrested

Posted by & filed under Contemporary Business Issues.

Description: Some shocking news emerged this week as we found out that Canada had arrested Huawei Chief Financial Officer Meng Wanzhou at the request of the United States. As the Canadian court held a bail hearing on Friday, it seems that the CFO faces possible fraud charges regarding Huawei’s use of a subsidiary to sell product… Read more »

This sounds familiar

Posted by & filed under Contemporary Business Issues.

Description:  Many of us have heard about Tim Horton’s franchisees suing parent franchisor, Restaurant Brands International. But now comes word that franchisees of Second Cup are suing their head office as well. Franchisees are unhappy with their profit performance, arguing that the parent’s use of an advertising fund may have harmed them. Franchisees are also… Read more »

Trouble at Leon’s

Posted by & filed under Accounting Careers, Succession Planning.

Description:  Succession issues can pose a serious problem with family owned businesses. It seems that this is the case at Leon’s furniture where family members are now feuding over ownership of a certain class of shares. A complex series of trust arrangements appears to be a central issue as a widow of one of the… Read more »

Blackberry bounces back

Posted by & filed under Contemporary Business Issues, Corporate Restructuring.

Description:  Once written off for dead, Blackberry stock continues to rise. CEO John Chen has rewritten the Blackberry story by switching emphasis from the hardware market into supply of software. Concentrating on security, Blackberry’s software offers clients data protection in the midst of scary news on the data security front. Hardware now accounts for only… Read more »

The trouble at Tims

Posted by & filed under Contemporary Business Issues, Managerial Accounting.

Description: I wonder if they had to do it over again if they may have handled things differently? Tim Hortons, that is. With store owners implementing unpopular cost-cutting policies in the wake of Ontario’s bump in the minimum wage rate, Canadians have taken to holding protests outside of Canada’s favourite coffee shop. Dalhousie University professor… Read more »

The Red Tape Blues

Posted by & filed under Canadian governments, Contemporary Business Issues.

Description: Red tape continues to be a problem in Canadian jurisdictions. Perhaps the most humorous is a requirement in Quebec to post a notice to tell employees you are about to post a notice. This is among the finalists for Paperweight Award, an annual ‘competition’ sponsored by the Canadian Federation of Independent Businesses to highlight… Read more »