Loading up on Debt

Posted by & filed under Financial Reporting and Analysis, Student life.

Description: Canadians are taking on more debt with Statistics Canada telling us that debt per household in Canada is now 181.7 per cent of income. This figure is up from just under 180 per cent in the previous quarter. According to Ksenia Bushmeneva, an economist with TD Bank, “the selloff in financial markets earlier this… Read more »

Streaming Changes

Posted by & filed under Accounting Careers, Financial Reporting and Analysis.

Description: With word this week that Netflix reported its first drop in subscribers since 2011, and with streaming service CNN+ shutting down only one month after launch, https://www.cbc.ca/news/business/cnn-streaming-1.6426163, it’s no wonder some are speculating about challenges ahead for streaming services. Rising inflationary pressures may be part of the reason for Netflix’s declines, as the video… Read more »

Paying Big Dividends

Posted by & filed under Financial Reporting and Analysis.

Description: Two big Canadian banks, TD and CIBC, have upped their dividends by 10% after announcing their latest quarterly results. The banking sector has done quite well during the pandemic, and the market had anticipated some range of dividend increase. Until recently, the regulator had been restricting dividend payments by the banks during Covid-19 in… Read more »

Optimistic Entreprenuers

Posted by & filed under Financial Reporting and Analysis, Student life.

Description: Optimism and entrepreneur seem like two words that should be linked. But with the Covid-19 pandemic still entrenched in Canada and around the world, some might be surprised to see entrepreneurs optimistically plowing forward with major capital projects in the tourism sector. In Cape Smokey, Cape Breton Island, the ski hill is set to… Read more »

Chicken Fight

Posted by & filed under Financial Reporting and Analysis.

Description: The Ontario Court of Appeal has ruled Subway can proceed with its $210 million legal action against the CBC. In a broadcast aired in 2017, CBC’s “Marketplace” stated that genetic tests performed at Trent University concluded that close to 50% of the DNA in Subway’s chicken sandwiches was actually soy DNA. Subway has countered… Read more »

Google Absorbs Fitbit

Posted by & filed under Financial Reporting and Analysis.

Description: Fitbit is now part of the Alphabet/Google empire. This deal first hit the news in the autumn of 2019, but it had to clear a long probe into how Fitbit users’ data might be used to groom custom advertising. This acquisition certainly gives Google a big presence in wearable devices, and a Google executive… Read more »

Musk Now World’s Richest

Posted by & filed under Financial Reporting and Analysis.

Description: Elon Musk has now moved past Jeff Bezos for the number one spot on a list of the richest people in the world. With shares of Tesla climbing towards $800 each, Musk benefited enough to push him into the number one spot. Tesla’s sky-high valuation comes despite the fact that it manufactures far fewer… Read more »

Disney+ Charge up $3

Posted by & filed under Financial Reporting and Analysis.

Description: The Disney+ streaming service has only been available in Canada for about a year, but the price is going up from $8.99 to $11.99 on Feb 23, 2021. It’s not as bad as it sounds though as Disney will be adding its Star service as one of the options included in the package. Star… Read more »

What About my Credit Card?

Posted by & filed under Financial Reporting and Analysis, Student life.

Description: A number of measures have already been put in place to help Canadian consumers deal with the economic impacts from the COVID-19 virus. But, so far, those high credit card interest rates don’t appear to have been touched. With Canadians facing outright unemployment or reductions in hours worked, a break on credit card rates… Read more »

Now There Are 3

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

Description: US cellular customers are now dealing with a world in which there are only 3 major carriers. T-Mobile has received regulatory approval to purchase Sprint. Along with the deal, T-Mobile has promised to hold the line on rates and to improve service in rural areas. Some critics maintain that it will be very difficult… Read more »