Head West for the Summer!

Posted by & filed under Marketing & Strategy, Student life.

Description: If you ever thought of heading west for a summer job in tourist locations like Banff, Canmore or Lake Louise, this might be the year for you. Worker shortages have employers scrambling to meet their staff needs in the hospitality industry in these Rocky Mountain resort areas. Wages are heading up to help attract… Read more »

Air Miles Takeover

Posted by & filed under Accounting Principles, Student life.

Description: The Air Miles customer rewards program has been purchased by Bank of Montreal, following financial problems that resulted in Air Miles parent company, LoyaltyOne, entering creditor protection. Losing the Sobeys grocery chain as a program participant in 2022 was a major blow to Air Miles. But a few years earlier, in 2016, Air Miles… Read more »

Tip Amounts Rising?

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

Description: Are tip amounts in Canada rising? Some customers are perhaps experiencing sticker shock when their servers hand them a payment unit with tip option buttons of 20%, 25%, or even 30% after tax, when the traditional standard has been 15% pre-taxes. In the face of this ‘tip fatigue,” some restaurants, such as Folke’s in… Read more »

Air Canada Profit Last Quarter

Posted by & filed under Canadian Economy, Student life.

Description: Air Canada posted a profit of $168 million in the most recent quarter that ended December 31. Even with the bad weather that made for a general rough patch over the Christmas travel period, Air Canada still managed to generate positive results. Revenue was 2% higher than for the same period in 2019, indicating… Read more »

Kill the Junk Fees

Posted by & filed under Canadian governments, Student life.

Description: When Joe Biden took to the podium this past week for his State of the Union address, listeners could be excused for being surprised when they heard him declare war on junk fees. Biden is proposing legislation to ban those annoying fees on things like airline bookings and hotel rooms; those extra charges for… Read more »

‘Immediately stop’

Posted by & filed under Financial Accounting, Student life.

Description: When it comes to wearing a favourite clothing brand, the phrase ‘Immediately stop’ gets your attention, doesn’t it? Health Canada has told Canadians to immediately stop wearing certain big brand name Helly Hansen hoodies and sweaters due to concerns over non-compliance with regulations regarding flammability. Roughly 130,000 garments have been subjected to this product… Read more »

Freeze Lifted

Posted by & filed under Canadian Economy, Marketing & Strategy, Student life.

Description: High food prices have been impacting Canadian consumers in this inflationary environment, and some are expressing their displeasure via social media in the wake of Loblaw lifting a prize freeze it had set back in the fall of 2022. Loblaw has responded through its own social media channels to defend its actions against consumers’… Read more »