1.42 Billion Chicken Wings

Posted by & filed under Financial Accounting, Student life.

Description: 1.42 Billion Chicken Wings: that’s a whole lot of chicken projected to be eaten in the United States on Super Bowl Sunday. Though prices are up over last year, the good news from the National Chicken Council (NCC) is that there are no fears of a wing shortage, unlike the situation accompanying last year’s… Read more »

$200 Billion Wipeout!

Posted by & filed under Financial Accounting.

Description: Meta – that company you probably still think of as Facebook – scared off investors this week, with projections of weakening revenues and higher costs. The market quickly cast its verdict, driving the market value of Meta down $200 billion. It appears that the metaverse might be a costly venture. Analyst Debra Aho Williamson… Read more »

Microsoft Acquires Activision

Posted by & filed under Financial Accounting, Student life.

Description: Big Tech giant Microsoft wants to grow bigger. Tuesday of last week Microsoft announced it is acquiring video game maker Activision in a cash deal totaling almost $69 billion. Activision’s products offer an advantage to Microsoft in the emerging virtual world. Some U.S. regulators are signalling, however, that they may take a hard look… Read more »

Suncor Buys Back Stock

Posted by & filed under Financial Accounting.

Description: With petroleum prices on the upswing, Suncor Energy is rewarding its shareholders by doubling its quarterly dividend. Early in the pandemic, Suncor reduced its dividend by 50%, but with an operating income of over $1 billion in the latest quarter, the energy producer saw this as a good time to put cash back in… Read more »

Tik Tok Maple Leafs

Posted by & filed under Financial Accounting.

Description: You may have noticed something new on the Toronto Maple Leafs outfits if you watched the NHL team in its season opener. The Leafs’ hockey helmets now sport the Tik Tok label. The site, host to the short video format that has captivated so many users, has struck a deal that also includes branding… Read more »

I & I – Both Up?

Posted by & filed under Canadian Economy, Financial Accounting.

Description: Inflation in Canada is emerging as a bit of a problem with August figures up 4.1% over last year’s numbers. A rise in this first “I” of inflation has prompted speculation that the Bank of Canada will have to respond by raising a second “I” – interest rates. Former Bank of Canada employee David… Read more »

Big Party at Queen’s

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

Description: Last Wednesday police broke up a major street party on University Avenue near Queen’s University in Kingston, Ontario. Though the crowd was estimated at 3,000 — well in excess of tbe 100 person limit under the Covid restrictions – less than 20 participants were arrested or charged. Queen’s University stated “consequences for this behaviour… Read more »

Big Boat Stuck

Posted by & filed under Financial Accounting.

Description: It’s a big boat stuck in a relatively small space. The Ever Given, a huge vessel with a length stretching over 70% of the height measurement of the CN Tower, has been stuck in the Suez Canal since March 23. This has been causing headaches for many as the Ever Given has shut down… Read more »

Rogers/Shaw Deal

Posted by & filed under Financial Accounting, Student life.

Description: It’s a huge deal. Rogers Communications is proposing to buy rival Shaw Communications in a deal worth $26 billion. The marriage of these two large broadcast and cellular empires will drastically change the landscape in an area where consumers often talk about high rates and a lack of competition. Perhaps it is not surprising… Read more »