Canada Goose Down

Posted by & filed under Financial Accounting, Student life.

Description: The sales are up but the stock price is down. High-end winter coat supplier Canada Goose is continuing its sales success with some sizes and styles selling out, despite sticker prices upwards of $1,500. This success is driving sales and profits upwards. But this past Thursday the Canada goose stock dropped 15%. Perhaps even… Read more »

A $5 million comma

Posted by & filed under Financial Accounting, Student life.

Description: Drivers at Oakhurst Dairy in the State of Maine are happy about a missing comma. Oakhurst Dairy has agreed to pay the drivers $5 million in overtime pay to settle a dispute over whether or not the dairy industry was exempt from the overtime provisions of a State law. Drivers had claimed the placement… Read more »

Up go the interest rates

Posted by & filed under Canadian Economy, Student life.

Description: The major banks in Canada have raised their interest rates following the Bank of Canada’s third recent increase in its lending rate to 1.25%. With positive economic growth and healthy employment levels, the Bank of Canada believed it was a suitable time to raise rates. Lurking in the background, however, is the possibility of… Read more »

Well, That’s One Way to Handle a Pay Raise

Posted by & filed under Canadian Economy, Student life.

Description: On January 1, 2018 Ontario raised the minimum wage to $14 per hour from the old floor of $11.60. CBC has found that at a number of locations in Ontario, Tim Horton’s franchise owners have responded to the increased costs by a variety of cost-cutting measures, including cutting paid coffee breaks for employees and… Read more »

Points card combo

Posted by & filed under Financial Accounting, Student life.

Description: If you are a dedicated points saver, you are probably carrying an array of plastic cards in your wallet or apps or your phone to ensure you don’t miss out on opportunities to earn free stuff from participating merchants. This week you may have welcomed the announcement that Loblaws and Shoppers Drug Mart are… Read more »

You too can have Breakfast at Tiffany’s

Posted by & filed under Managerial Accounting, Student life.

Description: Decorated in the famous blue, Tiffany’s on Fifth Avenue, New York City, has opened a cafe. Now you too can have your breakfast at Tiffany’s, a notion made famous by Audrey Hepburn’s classic 1961 film. Breakfast doesn’t come cheap at $29 a plate. Or you can sit down for afternoon tea at $49 a… Read more »

Sad day for Canadian Music

Posted by & filed under Financial Accounting, Student life.

Description: It was a sad day for Canadian music on Wednesday as we found out about the death of Tragically Hip front-man Gord Downie.  At only 53 years old he leaves behind a family, friends and many, many fans. He used his own experience with a brain tumor to raise awareness around a deadly form… Read more »

Bad times in bumping

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

Description: You’ve probably seen that viral video of the passenger being dragged off of the United Airlines flight. United has been taking more than a few shots in social media on this one, and perhaps the impact will be felt on its bottom line. And in the past week or so, we have seen discussion… Read more »

A budget for science?

Posted by & filed under Canadian Government, Student life.

Description: This week’s federal budget had a number of interesting measures, and one that seems to be very strategic is the announcement of close to $118 million in funding for 25 research chairs in an effort to recruit “top-tier international scholars.” Following the U.S. election and the earlier Brexit vote in Britain, the promise of… Read more »

What do you know about debt?

Posted by & filed under Student life.

Description: More than one third of Canadians don’t realize how beneficial it is to make more than the minimum payment on their consumer debt. According to a recent survey by TransUnion, a credit monitoring organization, 39% of Canadians surveyed didn’t realize the financial benefits of paying more than the minimum required by credit card companies… Read more »