NFTs

Posted by & filed under Accounting Theory, Student life.

Description: NFTs: have you heard of these nonfungible tokens? Art student Jonathan Wolfe certainly has. He sold one of his digital paintings recently for 24.43 units of Ethereum, a cryptocurrency, bring him over $50,000 Canadian. All told, Wolfe has generated over $1 million for sales of NFTs since last fall, all for artwork he used… Read more »

Rogers/Shaw Deal

Posted by & filed under Financial Accounting, Student life.

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 »

Costs More to Fill the Tank

Posted by & filed under Canadian Economy, Student life.

Description: Have you noticed it’s costing you more to fill the tank these days? At the start of the pandemic, gas prices fell precipitously, and Canadians were smiling at least one aspect of the shutdown. But now gas prices have come roaring back. This article from the Toronto Star offers a few reasons why you… Read more »

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 »

Air Canada to Offer Refunds

Posted by & filed under Accounting Principles, Student life.

Description: Well, after months of public debate, Air Canada is finally prepared to offer rebates to customers whose travel plans were shelved by the Covid-19 shutdown. This policy change appears to come in the midst of negotiations for some sort of federal bailout for Air Canada in these difficult economic times. Unfortunately, there has not… Read more »

Tax on Pop

Posted by & filed under Financial Accounting, Student life.

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 »

Banking Smarts

Posted by & filed under Student life.

Description: Writing in the “Globe and Mail” this past week, Kira Vermond warns young readers to not jump for a bank account simply because it offers you some upfront cash or some free electronic device. Instead, Vermond argues for students to do a careful search to see which accounts offer the best overall package of… Read more »

Will Changes Stick?

Posted by & filed under Student life.

Description: In a provocative headline a CBC story asked “COVID-19 changed how we work. Will it stick?” Out of lock-down necessity, Canada’s economy has seen a high number of work-at-home first-timers over these last several months. Some love it; some don’t. The article concludes quite fittingly “Getting everyone to stay home was relatively simple. Finding a… Read more »

December Brings Job Losses

Posted by & filed under Auditing, Student life.

Description: Canada’s economy lost over 60,000 jobs in December. This was the first drop in employment Canada experienced since April, a month when the early days of the Covid crisis hit especially hard. The service sector – not surprisingly given the various public health restrictions – took the largest hit. Date:  January 8, 2021 Source: … Read more »

Mentors/mentees

Posted by & filed under Accounting Careers, Student life.

Description: It’s an appealing prospect for a new graduate: having a mentor to help guide you in important decisions for your career. IBM’s talent acquisition manager Bridget King spoke recently about her tips for making these relationships successful ones. She offers four points on how to proceed with your mentor, including being curious. Date:  November… Read more »