Saks Skips $100M Bond Payment Amid Creditor Talks
Cash-strapped Saks Global Enterprises misses a major interest payment as it negotiates with creditors, following a sharp decline in its bonds and recent debt restructuring.
Category : Search result: Canadian government debt
CRA owed $10B+ in unpaid COVID benefits
The Canada Revenue Agency reports it is owed more than $10 billion in COVID-19 benefit overpayments. Learn about the agency's efforts to recover funds and what it means for Canadians.
Only 52% of high-volume government services met standards
A Treasury Board report reveals a decline in federal service performance, with under half of high-volume services meeting internal standards last year. Read the details and analysis.
3-Month Financial Reset Plan for a Better 2025
Expert advice from Peta Wales on tackling debt, building savings, and creating lasting financial momentum with a focused three-month plan. Start your new year right.
Holiday spending drives up Canadian household debt
Canadian household debt rises as holiday spending bites. Experts analyze the financial strain and offer tips for managing debt in the new year. Read more.
Tech Firms Shift $120B AI Data Centre Debt Off Books
Major tech companies have used complex SPV financing to shield $120 billion in AI data centre spending from their balance sheets, raising concerns about hidden financial risks for Wall Street investors. Read the full analysis.
BP sells majority stake in Castrol for US$6 billion
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.
Saks Considers Bankruptcy as $100M Payment Looms
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.
AI Debt Boom Pushes Corporate Bond Sales Near Record
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 amends credit deal for debt breathing room
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.
B.C. Education System Failing Students on Financial Literacy
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.
How to Regain Financial Control After Holiday Burnout
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.
Romney Calls for Wealthy to Pay More to Save Social Security
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.
Angus Reid Poll Shows Sharp Drop in Government Satisfaction
New data reveals a significant decline in Canadians' approval of government performance, driven by soaring living costs and healthcare concerns. See how your province rates.
Feds defend $1.1M Deloitte AI contract after firm's mistakes
The federal government is justifying a $1.1-million contract awarded to Deloitte for AI advice, even after the consulting giant admitted to past errors. Get the full story on this controversial deal.
Bombardier repays US$500 million in senior notes
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.
Analysis: Ford's Spending, Debt Match Predecessor Wynne
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.
UCalgary professor warns of 'buy now, pay later' pitfalls
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.
400 jobs cut at Natural Resources Canada by 2029
The federal government confirms 400 positions will be eliminated at Natural Resources Canada by 2029. Get the details on the workforce reduction and its implications.
Federal Government Rejects Public Service Productivity Metrics
A new report outlines 19 ways to boost federal productivity, but the government shows no interest in tracking it. Discover the key findings and Ottawa's response.
Canacol in Talks for Emergency Loan During Restructuring
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: AI Credit Impact Varies by Bond Market Tier
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.
Ottawa Begins Notifying Public Servants of Possible Job Cuts
The federal government has started informing public servants about potential job reductions. Get the latest details on this developing story affecting Ottawa's workforce.
27,000+ Canadian Public Servants Earn Over $150K
New data reveals more than 27,000 federal employees earned salaries of $150,000 or higher last year. Explore the breakdown and what it means for public sector spending.
Desk 'Hoteling' Could Hamper Public Servant Return-to-Office
New data reveals more than half of federal employees have no assigned workspace. Experts warn this 'hoteling' trend could create major logistical hurdles for any mandated full-time office return.
Opinion: What a Slimmed-Down Canadian Government Must Keep
As Ottawa seeks spending cuts, an opinion piece argues for refocusing on core government needs like security and food, questioning agencies like the NFB. Read the analysis.
Quebec cutting 5,000 government jobs, ordering office return
The Quebec government announces major workforce reductions and a hybrid work mandate. Learn the details and implications of this significant public sector shift.
Telus Pauses Dividend Hikes as Shares Tumble 19%
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.
PBO: MPs Should Approve Fiscal Target Changes
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.
Budget 2025 Prompts PBO to Revise Grim Fiscal Forecast
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.
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