Funding for universities is not a zero-sum game, writes John Cleghorn Professor of Management Henry Mintzberg in a LaPresse op-ed. And the Quebec government鈥檚 plan to increase tuition for out-of-province students risks undermining the very source of funding it hopes to leverage. If students at anglophone universities are charged higher fees, and that money is used to fund francophone universities, it will discourage many out-of-province students from coming to Quebec in the first place.
Tipping has gotten out of control in Canada. Not only are restaurants鈥 automated payment systems prompting patrons for tips of up to 30%, there are even some tip prompts at self-serve kiosks. More than half of Canadians say they鈥檇 prefer a no-tip, service-included model that ensures higher base wages for employees. For now, shoppers should be reminded that tipping is discretionary, says Associate Professor Vivek Astvansh in an article for The Conversation.
Family-controlled businesses demonstrate exceptional long-term performance. Since 2005, such businesses have significantly outperformed the S&P/TSX Composite. Family-controlled businesses earned an annualized return of 8.3%, compared to 7% for their publicly-traded counterparts, according to the National Bank of Canada鈥檚 Family Advantage 2023-24 Report.
Navigating decision-making complexities is no easy feat, but Henry Mintzberg, John Cleghorn Professor of Management Studies at 香蕉视频, and Frances Westley, J.W. McConnell Chair in social innovation at the University of Waterloo, have crafted insightful methods to ease this process.
Canadian pension funds have outperformed their counterparts elsewhere, and a recent study co-authored by Associate Professor of Finance Sebastien Betermier examines how they鈥檝e accomplished this. The study analyzes four deals 鈥 in the agricultural, railway transportation, real estate development, and financial services鈥 that diversified their holdings and enabled their success.
More than 3 million Canadians will be facing mortgage renewal in the next 18 months 鈥 and with interest rates still at their highest level in years, many will face payments that are 30-40% higher. 鈥淚nflation has been off the charts for the past couple years, and when the Bank of Canada raises interest rates, it is to bring inflation down,鈥 explains Sebastien Betermier, Associate Professor of Finance.
Congratulations to Michael Richardson (GCPA'18, 2018 CFE Honour Roll and Gold Medal in Quebec) on receiving the Graduate Certificate in Professional Accounting (GCPA)Teaching Award for Guest Lecturers for the second time!
This award recognizes excellence in teaching by guest GCPA lecturers. Excellent teaching can be demonstrated through a well-designed course, engaging in-class activities and materials, use of innovative teaching strategies, and a commitment to improving one's courses through feedback.
Graduate Certificate in Professional Accounting (GCPA) Tian Cheng Huang (BCom鈥22, GCPA鈥23) and Kyra Swift (BCom UOttawa鈥21, GCPA鈥23) have been named to the Honour Roll of the (CFE) for their outstanding results.
It has been a challenging few years for supply chains. After pandemic-related supply chain disruptions, many retailers increased their inventory for the 2022 holiday season. After all, demand was still booming at the time. But demand has come down off its peak, and that presents an entirely different problem for retailers in 2023. Some major retailers have reduced inventory so as to not be left with products they can鈥檛 sell.
After a childhood spent in France, Ireland, Nigeria and Singapore, JP Chauvet鈥檚 career has spanned yet more countries and continents. He was lured from London to Montreal to work for Lightspeed, where he is Chief Executive Officer. Growing up, Chauvet never felt fully accepted in any one place, but his ability to understand different cultural perspectives has been an asset in his career. 鈥淓verybody always asks what鈥檚 your superpower, and it鈥檚 kind of a weird question, but I can be in Paris and understand how people think.
Brett Miller (BCom鈥86) moved to Montreal to study at McGill, but he has made the city his home and become a leader in Quebec鈥檚 business community. Now the CEO of the real estate development company Canderel, Miller is concerned about the Quebec government鈥檚 plan to double tuition for out-of-province students beginning in Fall 2024. 鈥淭o suggest that out-of-province students don鈥檛 contribute to the dynamism of the city is such a false message to send.
After working in investment banking in Amsterdam, New York and Tokyo, Sarab Hans (MBA鈥00) returned to Canada to take the reins of the family business. Mississauga-based Hans Dairy specializes in South Asian dairy products, but Hans didn鈥檛 have experience in dairy food and beverage production and needed to learn about the manufacturing process. 鈥淪ometimes, when we come into a position where we鈥檙e expected to be a leader, we feel like we need to show we know everything,鈥 Hans says in interview with Food in Canada.
Scouring for holiday gifts at bargain prices is a savvy way to cut costs, but the allure of Black Friday deals sometimes masks potential pitfalls. In an article for BNN Bloomberg, Associate Professor Vivek Astvansh emphasizes the need for caution among bargain hunters to ensure they're fully informed about any unforeseen conditions.
This year, Canada鈥檚 large grocery chains are freezing the price for a greater variety of items than usual before the holidays. While 10-15% more products are included in the freeze this year, the true test of affordability will come later. 鈥淗ow high will grocery prices be when the price freeze ends?鈥 asks Professor Saibal Ray in an interview with CBC Radio鈥檚 As It Happens.
Ava Labs, a software provider for the Avalanche blockchain network, has launched a new podcast series under its Owl Explains initiative. 鈥淐rafting the Crypto Economy鈥 spotlights top researchers from leading academic institutions and features McGill Desautels Assistant Professor of Finance Thomas J. Rivera as part of the opening lineup.