> CALGARY – Cardinal Energy Ltd. announced Monday it had secured a lifeline from billionaire Murray Edwards, executive chairman of Canadian Natural Resources Ltd. and owner of the Calgary Flames hockey team, which experts say could provide a rare boost for emba…
>
- Trudeau names Michael Sabia as deputy finance minister Financial Post
- Michael Sabia, a busy mandarin, heads to the top post at Finance Maclean's
- Veteran executive Michael Sabia named next deputy minister of Finance CBC.ca …
- 'Trouble on the horizon:' Canada's recovery plan not aimed at driving economic growth
> At least 68 publicly traded Canadian companies have continued to pay out billions of dollars in dividends to their shareholders while receiving government assistance in the form of the Canada Emergency Wage Subsidy. A Financial Post analysis found…
> Angela Lekatsas, chief executive of Calgary-based Cervus Equipment Corp., a publicly traded retailer of John Deere tractors, Peterbilt trucks and other famous brands of heavy equipment, was keen to get her company’s share of the emergency cash that Prime Mini…
> CALGARY – Texas-based investor Wilks Bros LLC lost its cases in Canadian and U.S. courts this week to halt Calfrac Well Services Ltd.’s controversial debt-restructuring plan floated by its management and backed by Alberta’s pension fund manager. …
> There was a spirited, indeed clamorous, uproar in response to my columns discussing employees who are ostensibly ‘working’ from home but not doing very much work at all. My point was that remote working could be a vehicle for abuse and …
> A woman we’ll call Nellie, 65, lives in Ontario. A health-care professional, she brings home $1,125 per month for 15 hours work each week and adds $608 from the Canada Pension Plan for total income of $1,733. She has $261,651 in financial assets and a $58,000…
> There was a spirited, indeed clamorous, uproar in response to my columns discussing employees who are ostensibly ‘working’ from home but not doing very much work at all. My point was that remote working could be a vehicle for abuse and …
> Earlier this week, on “Giving Tuesday,” many of us found our inboxes deluged with e-mails soliciting funds from every charitable organization we’ve ever donated to in the past decade. If you pledged an amount on Tuesday, or still have plans to donate this yea…
> On a good day, Barberian’s Steak House employees are busy preparing takeout box meals and bag lunches for pickup, but it’s not something that comes naturally to a restaurant steeped in the traditional dining experience, and beloved by Bay Streeters and foodie…
> “Baked in the cake” is a commonly used investment phrase that refers to the ingredients, or assumptions, that go into a stock price. For example: “Company ABC is trading at 100 times earnings. It looks like its sales growth is baked in the cake.” Or: “XYZ had…
> If there’s a debt-deferral cliff, Canada’s biggest banks are only seeing a small percentage of borrowers go over it so far. Canada’s Big Six lenders all reported this week that the majority of loan-payment deferrals they provided to clients amid …
> Ashley Perri’s Skinprovement Medi Spa and Laser Clinic lost all its in-person business — which makes up the bulk of her income — when the COVID-19 lockdown began last March, forcing her to immediately transition her Vaughan, Ont., business to an e-commerce mo…
> People are going back to basics in a big way these days, using the pandemic as an excuse to brush up on their knitting, baking and candlestick-making, among other lockdown-friendly pursuits. When it comes to building wealth, it is sometimes valuab…
> Deloitte Canada Chief Economist Craig Alexander speaks with Financial Post’s Larysa Harapyn about the key takeaways from the fall fiscal update.
## [Big Six banks pull off clean sweep of earnings season, as CIBC and TD beat expectations: Geoff Zochodne](https://financialpost.com/news/fp-street/big-six-banks-pull-off-clean-sweep-of-earnings-season-as-cibc-and-td-beat-expectations)
> Canada’s Big Six lenders pulled off a clean sweep of their fourth-quarter financial results, as both Canadian Imperial Bank of Commerce and Toronto-Dominion Bank announced earnings on Thursday that topped analysts’ expectations even amid the conditions brough…
> The agreed subject for an interview last February with Timothy Lane, the Bank of Canada deputy governor charged with keeping an eye on financial technology, was digital cash. But I begged his indulgence on another matter, as it seemed appropriate to talk for …
> Canadian consumers are likely to end up forking out more for U.S. streaming services such as Netflix and short-term rentals on Airbnb once a new federal regime forcing tech platforms to charge sales tax comes into effect, but it isn’t clear that the new taxes…
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