Craft Beer Sales Up

Posted by & filed under Financial Reporting and Analysis, Student life.

Description: Two of Canada’s largest craft beer makers reported that sales were up in 2020, despite the fact that Corona virus had shut down sales channels in bars and restaurants. Big Rock Brewery of Calgary had its highest sales in seven years. Waterloo Brewing Ltd. saw strong growth of 20% during the year, a figure… Read more »

More on the MEC

Posted by & filed under Financial Reporting and Analysis.

Description: Last week this blog featured a story on the sale of Canada’s Mountain Equipment Co-op (MEC) to Kingswood Capital Management. This week comes news that MEC considered another alternative to solve its financial problems: a direct appeal to its close to six million members. But the decision-makers rejected the member bailout model as “impracticable… Read more »

TSX hits high

Posted by & filed under Financial Reporting and Analysis.

Description:  This past Thursday, the S&P/TSX composite index hit a new high at 16,612.81 points. Some believe that recent hints that interest rates won’t be rising may have contributed to this new high point. Rising oil prices may also have helped fuel the optimism. Since its low point in December, the market has soared over… Read more »

Credit card myths

Posted by & filed under Financial Reporting and Analysis.

Description:   Debt on your credit cards can be a common way to sink your financial plan. But university students are often targeted by those marketing credit cards. If you want to use this form of credit – and its pretty hard to avoid it in our time – you should know some common myths about… Read more »

Death Spiral

Posted by & filed under Financial Reporting and Analysis, Student life.

Description:  The Globe and Mail is saying New Brunswick is in a ‘death spiral’ financially. The problem is that the tiny province is in the last stages of an election campaign and none of the political leaders really seems to be seriously engaging the issue. In the past ten years, New Brunswick has basically doubled… 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 »

Maybe it Will Make Money

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Description: After years of less than spectacular results, and with most of its previous profits coming from its web services arm, Amazon seems to have busted through the retail profits barrier. Its fourth quarter profit was close to $2 billion, with a big helping hand from the latest US tax cut. Alexa seems to be… Read more »

Look up! Rates are rising

Posted by & filed under Financial Reporting and Analysis.

Description: After years of cuts and restraint on interest rates, on Wednesday the Bank of Canada raised interest rates for the second time in three months. The Bank’s move sparked a rally in the loonie, with the Canadian dollar rising to its highest level in two years versus the United States dollar. The Bank appears… Read more »