Fp Investigation: As Cews Flowed In, Dividends Flowed Out


## ['Warren Buffett effect': Cardinal Energy rallies as billionaire Murray Edwards provides lifeline: Geoffrey Morgan](https://financialpost.com/commodities/energy/warren-buffett-effect-cardinal-energy-rallies-as-billionaire-murray-edwards-provides-lifeline)
> 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: Bloomberg News](https://financialpost.com/news/economy/trudeau-to-name-sabia-as-deputy-finance-minister-macleans-says)
>
  1. Trudeau names Michael Sabia as deputy finance minister  Financial Post
  2. Michael Sabia, a busy mandarin, heads to the top post at Finance  Maclean's
  3. Veteran executive Michael Sabia named next deputy minister of Finance  CBC.ca
  4. ## [FP Investigation: As CEWS flowed in, dividends flowed out: Victor Ferreira , Kevin Carmichael](https://financialpost.com/investing/fp-investigation-as-cews-flowed-in-dividends-flowed-out)
    > 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…
    ## [A subsidy that is hard to resist, and sometimes harder to justify: Kevin Carmichael](https://financialpost.com/news/economy/a-subsidy-that-is-hard-to-resist-and-sometimes-harder-to-justify)
    > 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…
    ## [Wilks Brothers running out of appeals to push its Calfrac offer as most acrimonious M&A fight in the oilpatch this year draws to a close: Geoffrey Morgan](https://financialpost.com/commodities/energy/wilks-brothers-running-out-of-appeals-to-push-its-calfrac-offer-as-most-acrimonious-ma-fight-in-the-oilpatch-this-year-draws-to-a-close)
    > 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. …
    ## [Howard Levitt: Canadians are working longer hours at home — but some are victims of 'wage theft' by their employers: Howard Levitt](https://financialpost.com/executive/careers/howard-levitt-canadians-are-working-longer-hours-at-home-but-some-are-victims-of-wage-theft-by-their-employers)
    > 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 …
    ## [This Ontario woman will need to work into her 70s to escape financial vise: Andrew Allentuck](https://financialpost.com/personal-finance/family-finance/this-ontario-woman-will-need-to-work-into-her-70s-to-escape-financial-vise)
    > 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…
    ## [Howard Levitt: Canadians are working longer hours at home — but some are victims of 'wage theft' by their employers: Howard Levitt](https://financialpost.com/legal-post/howard-levitt-canadians-are-working-longer-hours-at-home-but-some-are-victims-of-wage-theft-by-their-employers)
    > 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 …
    ## [Ten tax tips for charitable giving as December deadline nears: Jamie Golombek](https://financialpost.com/personal-finance/taxes/ten-tax-tips-for-charitable-giving-as-december-deadline-nears)
    > 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…
    ## [Flowers, small kitchen tools and handwritten cards: Fine dining does takeout during COVID lockdown: Denise Deveau](https://financialpost.com/entrepreneur/flowers-small-kitchen-tools-and-handwritten-cards-fine-dining-does-takeout-during-covid-lockdown)
    > 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…
    ## [Why investors should be wary of what's baked into their cakes: Tom Bradley](https://financialpost.com/investing/investing-pro/why-investors-should-be-wary-of-whats-baked-into-their-cakes)
    > “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…
    ## [Debt-deferral cliff yet to cause major issues, bank results show: Geoff Zochodne](https://financialpost.com/news/fp-street/debt-deferral-cliff-yet-to-cause-major-issues-bank-results-show)
    > 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 …
    ## [Why the pandemic is spurring the rise of small business lobbying efforts: Special to Financial Post](https://financialpost.com/entrepreneur/why-the-pandemic-is-spurring-the-rise-of-small-business-lobbying-efforts)
    > 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…
    ## [Five principles of building wealth to get you primed for a post-pandemic world: Ted Rechtshaffen](https://financialpost.com/personal-finance/retirement/five-principles-of-building-wealth-to-get-you-primed-for-a-post-pandemic-world)
    > 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…
    ## [Why higher taxes may be on the way in Canada: Larysa Harapyn](https://financialpost.com/news/economy/why-higher-taxes-may-be-on-the-way-in-canada)
    > Deloitte Canada Chief Economist Craig Alexander speaks with Financial Post’s Larysa Harapyn about the key takeaways from the fall fiscal update.

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