Swooping in

Posted by & filed under Corporate Strategy.

Description: Westjet Airlines, known for innovation in the industry, is entering the ultra low cost carrier (ULCC) by introducing its subsidiary Swoop. Come June 2018, you will be able to fly this new airline with the hot-pink Swoop logo for only $69 between Hamilton and Winnipeg. Don’t expect any frills though. You will pay for… Read more »

Nutrien benefits Saskatchewan

Posted by & filed under Corporate Strategy.

Description: The merger of Potash Corp and Agrium Inc is complete and the new company, Nutrien Ltd, started trading its shares this week. The new mega-enterprise stated the merger was to help it compete in face of declining prices in the potash business. But some Saskatchewan politicians fear that the merger might mean that good… Read more »

What keeps you up at night?

Posted by & filed under Data security.

Description: Household debt. Inflation. A recession. All these are among the things that could trouble the governor of the Bank of Canada, Stephen Poloz. But among the list of things that could keep him up at night, CTV news says Governor Poloz fears a cyber attack focused on the financial system as possibly number one…. Read more »

Blackberry turns from red to black

Posted by & filed under Corporate Strategy, Financial Reporting and Analysis.

Description: Once one of the top handset phone makers in the world, Blackberry has been on steady financial decline since the introduction of the iPhone and various Android smartphones. But Blackberry is bouncing from red ink to black, with the latest quarterly results showing a profit of approximately $19 million. The profit signals possible success… Read more »

Mind the Breach

Posted by & filed under Data security.

Description: And here comes another online security breach. Thursday Equifax, a credit rating agency, announced that a data breach has affected over 140 million consumers. While most of these live in the United States, a number of British and Canadian consumers may also have had their sensitive data compromised. One thing Equifax has offered is… Read more »

Quidi Vidi Brewery

Posted by & filed under Auditing, Corporate Strategy.

Description: The Quidi Vidi Brewery is a good news/bad news story. After years of struggling, including a 1999 warning from their accountant about imminent bankruptcy, this Newfoundland craft brewery has seen a turnaround in more recent years, thanks in part to its Iceberg brand in its distinctive blue bottle. But the two founding investors are… Read more »

Westjet expands in Quebec

Posted by & filed under Corporate Strategy, Managerial Accounting.

Description: In a move that challenges rival Air Canada, WestJet has announced it is expanding operations in the Province of Quebec. Westjet is adding over 100 new flights to its roster there, hoping to draw both business and leisure travelers through lower fares. Air Canada is expected to fight back, though low fares will be… Read more »

Digital ads dominating

Posted by & filed under Corporate Strategy.

Description: It probably doesn’t come as much of a surprise to most of us: digital advertising is continuing to profit while print is in trouble. But television advertising is also seeing its numbers slipping. TV execs are placing some hope in the arrival of “addressable TV” where each home would receive ads based on its… Read more »

Cybertheft

Posted by & filed under Auditing, Data security.

Description: This past Thursday one of the world’s biggest steel manufacturers, ThyssenKrupp, revealed that earlier this year it had been hit by cyberattacks. The hackers, from somewhere in Southeast Asia, stole valuable trade secrets from ThyssenKrupp. The company delayed informing the media about the attack until new security features were put in place. Date: December… Read more »