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.
Category : Search result: Ontario debt
Highway Closures as Storm Hits Northern Ontario
A severe winter storm has forced the closure of several highways in northeastern Ontario. Get the latest on road conditions and safety alerts.
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.
Freezing Rain, Wind Alerts for Southern Ontario
Environment Canada warns of messy weather continuing across southern Ontario with freezing rain and strong winds. Get the latest details and safety tips.
Blizzard, Ice Storm Warnings Hit Northern Ontario
A major winter storm brings blizzard and ice storm warnings to northern Ontario. Get the latest on the severe weather impacting the region and safety advisories.
Fire destroys Cochrane's Anderson House on Christmas, 20 displaced
A devastating Christmas Day fire has destroyed Anderson House in Cochrane, Ont., leaving 20 residents without a home. The community is rallying to support those displaced by the tragedy.
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.
19-year-old Londoner killed in Highway 401 collision
A 19-year-old from London, Ontario, died following a serious collision on Highway 401. Ontario Provincial Police are investigating the fatal crash that occurred on December 20, 2025.
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.
Ontario Parties Criticized for Holiday Fundraising
Ontario's major political parties are actively fundraising during the holiday season, drawing criticism for competing with charities. Learn why this timing is seen as tone-deaf.
Integrity probe launched into Ontario minister David Piccini
Ontario's integrity commissioner will investigate Labour Minister David Piccini regarding the Skills Development Fund. Get the latest details on the probe announced December 18, 2025.
Tire recycling dispute leaves scrap rubber piling up in Ontario
A dispute over millions in recycling fees has halted Ontario's tire program, causing scrap tires to accumulate across the province. Dealers warn of a growing environmental and logistical crisis.
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.
Northern Ontario Crashes Lead to Impaired Charges
Ontario Provincial Police responded to two separate impaired driving incidents in northern Ontario last weekend, resulting in charges. Stay informed on local safety news.
Drunk hunter fined $1K in northwestern Ontario
A Terrace Bay man faces a $1,000 fine for careless hunting while intoxicated in October 2024. Details on the incident and Ontario's hunting safety laws.
$3.9M to Restore Ontario Snowmobile Trail Network
The Ontario government is providing $3.9 million to restore 4,500 kilometres of snowmobile trails across the province, supporting winter tourism and recreation. Learn more about this key investment.
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.
Arctic Air to Linger Over London, Ontario Region
A stubborn Arctic air mass is gripping London, Ontario, with frigid temperatures expected to persist. Get the latest details on this prolonged cold snap and its local impact.
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.
Highway 69 reopens following morning closure
Highway 69 in Northern Ontario has reopened after a morning closure on December 2, 2025. Get the latest traffic and road condition updates for the region.
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.
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