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 »
Posts Categorized: Financial Accounting
Big Boat Stuck
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
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 »
Skip the Tickets
Description: Skip the tickets; at least that seems to be the practice of many Canadians and our companies when it comes to paying their fines. So says an investigation by CBC News, one that shows the provinces and the territories are owed $1.3 billion in fines and penalties. The amounts owing include $5 million in… Read more »
Tax on Pop
Description: British Columbia is moving to tax sugary soft-drinks starting on April 1. The provincial sales tax will also apply to the drinks carrying other natural or artificial sweeteners. Vaping supplies will also come under this tax initiative, and, streaming services like Netflix will be required to collect provincial sales tax if they do more… Read more »
HBC Lays Off 600
Description: The Hudson’s Bay Company, Canada’s oldest company, has announced the permanent layoff of 600 employees. With the pandemic’s negative effect on traditional retailers, and with half of its stores shuttered for now, the Bay appears to have taken this move to reduce costs. One thing that concerns HBC is that big box retailers –… Read more »
Now That’s a Write-down
Description: Exxon, the giant oil company, seems ready to write down between $17 billion and $20 billion in assets. With collapsing oil prices, Exxon’s natural gas deposits in the Americas are over-valued. About 10 years ago Exxon acquired XTO Energy for about $35 billion, and with it, XTO’s gas fields. In the rear-view mirror, one… Read more »
Is the Dome Coming Down?
Description: Rogers Communications has contradicted some initial reporting that the Rogers Centre – the building originally called the Skydome – is not going to be torn down; well, at least not for now. Earlier on Friday the Globe and Mail reported the building would be razed. The notion was that Rogers and Brookfield Capital Management… Read more »
Rental Market Switch
Description: The Toronto rental market is featuring an interesting switch in demand patterns. Younger renters were often prepared to put up with cramped apartments and high rents to live close to the action in the downtown. But with Covid-19 shutting down so much of the city’s social life in restaurants and bars, renters are heading… Read more »
Where Are They?
Description: The federal government might well be asking the question “where are they?” when it comes to large Canadian companies seeking government assistance in this Corona world. In order to assist in the economic troubles associated with the virus, the government created the Large Employer Emergency Financing Facility (LEEFF) . But so far only about… Read more »
Burnley Understanding Financial Accounting, 3rd Canadian Edition
Kimmel Financial Accounting, 8th Canadian Edition
Weygandt Accounting Principles, 9th Canadian Edition
Kimmel Survey of Accounting, 2nd Edition
Kieso Intermediate Accounting, 13th Canadian Edition
Weygandt Managerial Accounting, 6th Canadian Edition
Farmer Cost Accounting, 1st Edition
Savage Accounting Information Systems, 1st Edition