Description: We’ve heard some good news and some bad news on inflation in Canada in recent days. While the Bank of Canada’s strategy of raising interest rates to help check inflation appears to be working overall, food inflation continues to soar with an annual increase measured at 11 percent in December. The price on every… Read more »
Posts Categorized: Financial Reporting and Analysis
Musk Unloads; Share Price Falls
Description: Elon Musk unloaded another large chunk of his Tesla stock this past week, driving the share price down 16% in a week. Of course, this does not leave investors in a very good mood, and one major investor is calling for Musk to step down as CEO of Tesla. Musk has sold close to… Read more »
Suncor Keeping Petro-Canada
Description: After shopping around for potential buyers, Suncor has decided to keep, rather than sell, fuel retailer Petro-Canada. Suncor had been seeking a cash purchase price in the range of $3.8 billion to $5.7 billion. Though Petro-Canada has the largest market share in its class in Canada, no buyer was interested in paying the price…. Read more »
No Gold Here
Description: Did you know that the Bank of Canada, unlike central banks in a number of other nations, does not hold any gold reserves? About twenty years ago the Bank sold off all of its gold holdings, claiming the cost of holding gold and the higher returns available from foreign bonds made gold a bad… Read more »
Big Cuts at Twitter Coming?
Description: Elon Musk says that if he completes his planned acquisition of Twitter, then up to 75% of the employees could get their pink slips. Analyst Dan Ives stated that a 75 per cent cut in Twitter’s staff would create “stronger free cash flow and profitability,” both of which could attract investors to Musk’s deal…. Read more »
Canada Jetlines
Description: Canada Jetlines took off this week. That gives Canada four discount airlines, the other players being Flair, Lynx, and Swoop. Customers love the bargains that discount airlines offer. A number of experts, however, wonder if there is room for all the discounters. Will an airline bankruptcy be in the offing? Date: September 24, 2022… Read more »
Restaurant Prices Up
Description: It’s probably no surprise that with inflation cranking up the food prices in the grocery stores that it would also cost us more to eat out. According to Restaurants Canada, we will see the cost of dining out increasing by 7.8 per cent by the time we say “goodbye” to 2022. Rising costs for food… Read more »
Bargain Hunter’s Delight
Description: Quick Pick is a bargain hunter’s delight with two locations in metro Ottawa. Quick Pick stocks items returned to online retailers like Amazon, creating value by providing a convenient way to deal with this inventory. New stock arrives every Friday, with all items starting at $25.99. Prices decline daily throughout the week, and, by… Read more »
Blackberry’s Rich Patents
Description: Blackberry has announced the sales of the bulk of its remaining patents related to its communications technology. Catapault IP Innovations has purchased this intellectual property for $600 million in a combination of cash and promissory notes. As Blackberry has moved itself from a mobile device company to a cybersecurity business, fans of the legendary… Read more »
Netflix Rising
Description: If you’re a Netfllix subscriber, get prepared to dig a bit deeper into your pocketbook. The monthly rate for the two-stream plans in Canada are heading to $16.49 from the current price of $14.99. Netflix asserts that the increase will help the company provide a “better experience” in a market that seems to be… 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