Starbucks Encore?

Posted by & filed under Accounting Careers, Student life.

Description: Last week this blog featured a story of how Starbucks employees in Buffalo unionized the first Starbuck’s location in America. Following quickly on that move came news this week of two locations undertaking similar certification efforts in Boston. Union organizers say they anticipate that Starbucks will respond with anti-union tactics, much as happened in… Read more »

Starbucks Employees Unionize

Posted by & filed under Canadian Economy, Student life.

Description: Starbucks employees in Buffalo have voted to become the first unionized Starbuck’s location in the United States. Former U.S. Secretary of Labor, Robert Reich, views this as symbolic of recent labour force trends, where employees are somewhat emboldened, reconsidering their options in the face of the Covid-19 economic and social trends. Starbucks has been… Read more »

Inflation! Inflation!

Posted by & filed under Canadian Economy, Student life.

Description: Friday the United States released its latest inflation data, showing that prices had climbed 6.8 percent over November 2020 This places inflation at rates not seen in about 40 years. Canadian results are expected to be somewhat similar. Canadians carrying debt need to take a look at their finances in the face of what… Read more »

Sweet News

Posted by & filed under Accounting Principles, Student life.

Description: I suppose you could call it sweet news: the recent announcement that the Quebec Maple Syrup Producers (QMSP) will provide the supply chain with 22.7 million kilograms of its well-known product from its strategic reserve. Quebec dominates the world market for maple syrup, controlling over 70% of global production. QMSP’s reserve is a key part of its supply… Read more »

Watching Those Trades

Posted by & filed under Personal Tax, Student life.

Description: A Tax Free Savings Account (TFSA) allows Canadians to save using a wide variety of investment vehicles. Young investors are finding out, however, that using their TFSAs for frequent trades may draw unwanted attention from the Canada Revenue Agency (CRA). RBC Direct Investing has advised its users “that TFSAs are registered accounts intended for… Read more »

Greyhounds for Sale

Posted by & filed under Accounting Principles, Student life.

Description: With Greyhound bus line winding down its business in Canada, the company is selling off its fleet of buses. Corporate Assets Inc. is handling the auction of 38 of these units, with the bidding scheduled for January 18, 2022. Greyhound operated in Canada for close to 100 years, and its exit may be especially… Read more »

What’s in a (Meta)Name?

Posted by & filed under Accounting Principles, Student life.

Description: Facebook founder Mark Zuckerberg has announced that his company will now be known as Meta. The move by the social media giant sure seemed to attract its own share of social media response, with Twitter showing “Zuck” and “META” trending at the top of the list. Some of the online opinion questions whether this… Read more »

Inflation and Food Cost

Posted by & filed under Canadian Economy, Student life.

Description: As many have noticed, food costs are rising in Canada, up about 4% over September of last year. Meat is up 10%, while cooking oils are closer to 20%. Rising prices are especially tough on low income groups – like students. Coping can involve a variety of strategies, including bulk buying by the not-for-profit… Read more »

Will the Fans Come Back?

Posted by & filed under Accounting Careers, Student life.

Description: As some of the Covid restrictions are softening, sports teams are pleased to welcome the fans back into their buildings; not to mention the welcome boost to the team revenue from having fans back in the seats. But while things are looking bright in larger cities like Toronto, smaller markets like Ottawa may find… Read more »

Apple’s Supply Chain Crisis

Posted by & filed under Managerial Accounting, Student life.

Description: Apple is big; really big. But that doesn’t mean that the giant is immune to the same supply chain issues that have hobbled so many during these last several months. Because of the much-publicized chip shortage, Apple may end up producing 10 million fewer iPhone 13s than originally planned this year. One of the… Read more »