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: federal debt Canada
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.
Feds move $900M pension surplus, PSAC criticizes
The federal government transfers a $900M pension surplus to its general account, sparking union criticism. PSAC demands funds be reinvested in workers' benefits.
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.
Early CPP, OAS Payments Delivered Before Christmas
Canadian seniors receive their final 2025 CPP and Old Age Security payments early this month. Learn about the amounts, eligibility, and the 2026 increases.
Toronto Sun Letters: Readers Debate Tolerance, Ford, Liberals
A collection of reader letters to the Toronto Sun tackles religious tolerance, provincial overreach, and soaring living costs. Discover what Canadians are saying about the issues that matter most.
Eby Calls Federal Help Critical for B.C. Trade Infrastructure
B.C. Premier David Eby emphasizes the need for federal partnership on infrastructure vital to trade, highlighting projects like the Massey Tunnel. Read more on the economic priorities.
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.
Federal job cut notifications to start in January
The federal government will begin notifying public servants of potential job cuts in January 2025. Get the latest details on this significant workforce adjustment.
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.
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.
Federal Housing Program to Build 26,000 Homes: PBO
A new report from the Parliamentary Budget Officer reveals the $13-billion Build Canada Homes initiative will construct only 26,000 new homes over five years. Read the analysis of federal housing and economic subsidy plans.
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.
Build Canada Homes to modestly boost housing supply: PBO
Canada's Parliamentary Budget Officer reports a modest projected increase in housing supply from the Build Canada Homes initiative. Read the analysis of the federal plan's potential impact.
Manning: Canada Needs Alternative to Carney's One-Man Show
Preston Manning argues Canada needs a credible alternative to PM Mark Carney's government, proposing policy shifts on budget, bureaucracy, and federalism. Read his vision.
CSC fires 12, disciplines staff in 400 misconduct cases
Correctional Service Canada has disciplined employees in 400 misconduct cases, with 12 terminated. The data highlights accountability measures within the federal corrections system.
Federal union hears rumours of new public servant office mandate
A federal union reports persistent rumours of a new office mandate for public servants in Ottawa. Get the latest details on the potential policy shift and its implications.
Gen Z: The New 'Lost Generation' Analyzed
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?
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