Found: Missing Painting

Posted by & filed under Financial Accounting.

Description: A painting by artist Jacob Lawrence, apparently missing for the last 60 years, was rediscovered recently on a good hunch from a visitor to the Metropolitan Museum of Art. When viewing an exhibit of a series of Lawrence’s paintings, the visitor took note of the empty spots on the wall where the missing paintings… Read more »

Changes at MEC

Posted by & filed under Financial Accounting.

Description: Lots of Canadians love their MEC – the Mountain Equipment Co-op. MEC’s stores and online outlets offer Canadians the opportunity for well-made and reasonably priced sport gear and clothing, as well making many Canadians shareholders of the co-op for a nominal fee. But the model no longer seems to be working well, and after… Read more »

Guitar Sales Rising

Posted by & filed under Financial Accounting.

Description: The corona virus pandemic has certainly been bad news for a lot of businesses. But the guitar industry has seen an impressive uptake in sales during this crisis. Fender says it is heading for a record sales year while Gibson is also enjoying a fine year. Date:  10 September, 2020 Source:  iheartradio.ca Link: https://www.iheartradio.ca/news/pandemic-boosts-guitar-sales-report-1.13463103… Read more »

Zoom With Care

Posted by & filed under Data security, Financial Accounting, Student life.

Description: Business, schools, and individuals have been quickly learning all about the Zoom, the software that has allowed many to link live with friends and colleagues during this time of social distancing. You should be aware, however, that hackers see Zoom as a new opportunity to mess with you and your data. The Toronto Star… Read more »

Google Buys Fitbit

Posted by & filed under Financial Accounting, Marketing & Strategy.

Description: Google’s parent company has purchased Fitbit for approximately $2.1 billion. This puts Google back into the wearables game as it squares off with Apple. Rumours of the purchase drove Fitbit shares up over 40% in the days preceding the sale, making it a nice week for Fitbit shareholders. Date:  October 28, 2019 Source:  cbc.ca… Read more »

Bad loans at ACOA

Posted by & filed under Financial Accounting.

Description: Ten percent or more of loans are in trouble at the Atlantic Canada Opportunities Agency (ACOA). That doesn’t sound like a very positive use of our taxpayer dollars. Banks typically have a loss rate of about one percent on business loans. Another federal government agency, the Business Development Bank of Canada, reports that only… Read more »

Tale of the Tape

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Description: The government of New Brunswick is taking steps to reduce red tape for business. The Business Navigators program will begin as a pilot project, where government provides business owners with a special phone line and email they can use to ask for assistance in navigating the regulatory framework. New Brunswick’s initiative is getting positive… Read more »

Sneaker Art?

Posted by & filed under Financial Accounting.

Description: You may have heard of customers lining up to purchase a new pair of high end running shoes. But have you ever thought about people who buy, sell and collect sneakers as works of art? One Canadian collector reportedly paid in excess of $1 million dollars to Sotheby’s for 99 pairs of classic running… Read more »

Hey! It Folds!

Posted by & filed under Financial Accounting, Student life.

Description: Friday Samsung launched its new foldable smartphone. The Galaxy Fold is available in South Korea right now, but within a couple of weeks you can find one in France, Britain. Samsung wanted to have the phone on the market months ago, but tech reviewers found a number of issues with the foldable screen. Date:… Read more »

Fines for Facebook?

Posted by & filed under Data security, Financial Accounting.

Description:   Now it looks like all of Facebook’s privacy issues may be going to cost the company big fines. Regulators at the Federal Trade Commission – otherwise known as the FTC – are in discussions with Facebook over what may turn out to be the largest fine the agency has ever imposed. Last March the… Read more »