No longer a crime

Posted by & filed under Financial Accounting.

Description:  Roughly 100 years after it was criminalized, later this week the Canadian government is ending its ban on marijuana. The provinces have developed various retail methods to place the product in the hands of consumers. But when the doors open on October 17, some are predicting product shortages. Part of the problem is a… Read more »

And for this week’s comeback story

Posted by & filed under Financial Accounting.

Description:  Last week this blog featured a story on how Blackberry had turned a profit by transforming itself from a handset company to a software vendor with a valuable automobile industry component. This week, the Washington Post featured a story on how Toys R Us – a company that had shuttered its US retail operations… Read more »

Federal PBO critical of provincial debt

Posted by & filed under Advanced Accounting, Financial Accounting.

Description: He works for the Parliament of Canada. But that did not stop the newly-appointed Parliamentary Budget Officer (PBO), Yves Giroux, from criticizing provincial governments in his first report. While the federal government’s finances are sustainable, Mr. Giroux told a news conference that  “it’s a totally different story for provinces and territories.” Date: September 27 , 2018… Read more »

E-commerce at Dollarama?

Posted by & filed under Financial Accounting.

Description:  We are used to hitting Dollarama with a couple of bucks in our pocket to plop down at the cash register while we pick up some low-priced merchandise. It hardly seems to bring to mind images of e-commerce. But now the discount retailer is planning on selling merchandise in bulk via the web, at… Read more »

Texture for Apple

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

Description: Apple is taking steps to advance its role in media content through its purchase of Texture. Texture, originally known as Next Issue, allows subscribers to access content from over 200 magazines for a subscription fee of $9.99 per month. We don’t seem to know at this point what amount Apple paid for this media entity,… Read more »

Canada Goose Down

Posted by & filed under Financial Accounting, Student life.

Description: The sales are up but the stock price is down. High-end winter coat supplier Canada Goose is continuing its sales success with some sizes and styles selling out, despite sticker prices upwards of $1,500. This success is driving sales and profits upwards. But this past Thursday the Canada goose stock dropped 15%. Perhaps even… Read more »

A $5 million comma

Posted by & filed under Financial Accounting, Student life.

Description: Drivers at Oakhurst Dairy in the State of Maine are happy about a missing comma. Oakhurst Dairy has agreed to pay the drivers $5 million in overtime pay to settle a dispute over whether or not the dairy industry was exempt from the overtime provisions of a State law. Drivers had claimed the placement… Read more »

Private profits; socialized losses

Posted by & filed under Financial Accounting.

Description: Private profits and socialized losses. That’s how columnist Jen Gerson refers to the collapse of pension benefits for former Sears employees and the Ontario government’s response of a Pension Benefits Guarantee Fund. The Fund means the taxpayer steps in to guarantee a minimum level of pension benefits for underfunded pensions. Meanwhile, during better times, Sears… Read more »

Bitcoin Bubble?

Posted by & filed under Financial Accounting.

Description: Bitcoin, perhaps the most widely known of the crypto-currencies, has been all over the map in terms of value, with many highs and lows over its relatively short life. But in recent days Bitcoin has been soaring in value, rising over $11,000 per unit last week. Despite this possible bubble, central bankers are providing… Read more »

Aerospace booming in Quebec

Posted by & filed under Accounting Careers, Financial Accounting.

Description: Not that long ago Bombardier appeared in some trouble and was cutting staff. But this week Bombardier disclosed plans to hire 1,000 additional workers over the next 18 months. And it’s not just Bombardier with good news for Quebec workers. Aerospace Montreal, an industry promoter, predicted over 30,000 aerospace jobs would need to be… Read more »