BP Plc agrees to sell a 65% stake in its Castrol lubricants division to Stonepeak Partners for US$6 billion. The deal marks a key step in the energy giant's strategy to reduce debt and reset its business after a turbulent year.
Luxury retailer Saks Global Enterprises, burdened by debt from its Neiman Marcus deal, is exploring Chapter 11 bankruptcy ahead of a critical $100+ million payment due December 30. Read the full analysis.
U.S. investment-grade bond sales hit $1.7 trillion in 2025, nearing the 2020 record, driven by AI infrastructure borrowing. Investors hedge against a potential credit bust as issuance is expected to grow in 2026.
Corus Entertainment Inc. has renegotiated its credit agreement with lenders, gaining crucial financial flexibility to manage its debt load. The deal provides the Canadian broadcaster with increased operational breathing room.
Eugene You argues B.C. must make financial literacy a mandatory graduation requirement as debt soars and students lack basic money skills. Read why early education is key.
Feeling overwhelmed and overspent this holiday season? Expert advice from a Canadian credit counsellor offers practical steps to manage debt stress and start the new year with confidence.
Former U.S. Senator Mitt Romney argues the ultra-rich must pay higher taxes to rescue Social Security from a 2034 funding cliff. His op-ed sparks debate on tax fairness and economic policy.
Global data-centre mergers and acquisitions hit a record high, driven by AI's insatiable infrastructure needs. Discover the key drivers and figures behind this unprecedented surge.
Bombardier makes a major move in its debt reduction strategy, repaying US$500 million in senior notes. The aerospace giant stays on track with its financial restructuring plan.
An analysis of Ontario's finances reveals Premier Doug Ford's per-person spending and debt trajectory align closely with the Liberal era he once criticized as reckless. Explore the data.
A University of Calgary expert cautions holiday shoppers about the hidden dangers of 'buy now, pay later' services. Learn the risks and how to protect your finances this season.
Canadian gas producer Canacol Energy is negotiating a short-term loan as it restructures debt under creditor protection. Learn about the company's financial challenges and the potential impact on investors.
Goldman Sachs analysis reveals AI's divergent credit risks in investment-grade and high-yield markets. Discover the key implications for investors and corporate debt.
Telus Corp. pauses future dividend increases to reduce debt, responding to investor pressure after a 19% stock drop. The company aims to improve its leverage ratio by 2025.
Canada's fiscal watchdog says Ottawa should seek House of Commons approval to alter key fiscal targets, like the recently abandoned debt-to-GDP anchor. Read the latest on federal spending.
Canada's interim parliamentary budget officer, Jason Jacques, reversed his 'cliff' warning after reviewing Budget 2025, now deeming federal finances sustainable. Read the full analysis.
Victor Davis Hanson explores why Gen Z males are struggling with adulthood, facing economic hurdles and social alienation. Can this generation be found before it's too late?
B.C. Finance Minister Brenda Bailey's budget update reveals a dramatic $17 billion turnaround from surplus to deficit under Premier David Eby. Discover how day-to-day spending drives half the debt increase.
Learn how to navigate buy now, pay later services during holiday shopping season. Expert tips to avoid debt cycles while using BNPL plans from Klarna, Afterpay and others.
Canadians under 35 doubled their net wealth since 2020, but face the lowest income growth in the nation. Discover the risks to their financial future.
Mani Alizadeh won his court case against his ex-partner but now faces the challenging task of collecting the money himself. Learn about Quebec's collection system challenges.
Quebec municipalities led by Baie-Saint-Paul Mayor Michael Pilote criticize the Legault government's controversial use of the Green Fund to repay provincial debt. Learn more about the growing opposition.
Equifax Canada reports increasing non-mortgage debt payment delinquencies in Q3 2025 as financial pressures mount for Canadian consumers. Learn about the concerning trend.
Morningstar DBRS warns sovereign debt outlook worsening for 2026 due to geopolitical tensions and trade wars. Canada faces tariff risks from U.S. protectionist policies.
West Virginia Senator Jim Justice and his wife agree to pay over $5 million to settle 15 years of unpaid income taxes following an IRS lawsuit. Discover the details of the case.
Canadian consumer debt surged to $2.6 trillion primarily due to increased mortgage borrowing. Learn how this impacts household finances and the broader economy.
Alberta's economy leads Canada with 2.3% GDP growth, yet residents face highest credit delinquency rates at 2.31%. Discover the surprising economic paradox.
TransUnion reports Canadian consumer debt reached $2.6 trillion in Q3 2025 as mortgage churn increases and economic disparities widen across provinces.
Massive AI-driven debt sales from tech giants like Alphabet and Meta could overwhelm buyers and weaken credit markets globally. Learn about the risks.
Financial expert Christopher Liew analyzes whether refinancing your debt makes sense amid high interest rates and living costs. Learn the pros, cons, and credit implications.