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If you’re a fan of goodwill impairments (and I mean, really, who isn’t?), then you’ve had a lot of fun in the past few years.

First, we had a deep recession and a financial crisis. Then just as we were recovering from that, we had the adoption in Canada of International Financial Reporting Standards (IFRS), a set of accounting standards that is in many ways tougher on goodwill than the old made-in-Canada rules.