The Globe and Mail reports in its Thursday edition that shares of Quebec engineering firm WSP Global fell Wednesday after an attack by a prominent U.S. short-seller. The Globe's David Milstead writes that Spruce Point Capital criticized WSP's accounting in a 68-page report called "Poorly Engineered Financials." Spruce Point argued that investors are wrong to believe WSP is a savvy acquirer with industry-leading profit margins and it sees 25-per-cent to 50-per-cent downside risk to the company's stock. WSP shares traded down as much as 7.4 per cent in Wednesday's trading. Spruce Point's Ben Axler would not say how large the firm's WSP short position is, saying securities laws do not require that disclosure. Spruce Point had big winners betting against Maxar, Lightspeed and Nuvei. Spruce Point says WSP should not exclude merger-and-acquisition costs or the expense of a new enterprise resource planning software system when it presents EBITDA, or earnings before interest, taxes, depreciation and amortization. Spruce Point also flagged WSP's 2022 acquisition of the Environment & Infrastructure business of John Wood Group PLC, saying WSP has create an accounting "cookie jar" that can be dipped into to improve earnings.