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According to a recent Supreme Court of Canada decision released on Thursday, January 31, 2019, the assets of insolvent exploration and production companies must go first to reclaiming abandoned wells before paying creditors.

As the country moves towards legalization in 2018, the cannabis industry is quickly emerging as one of the most promising Canadian markets.

Sometimes, entrepreneurs get so wrapped up in trying to grow their business they miss some obvious signs that it may be in financial trouble.

In Ontario, we’re finding that companies are experiencing little growth and while our local economy is not necessarily suffering, many businesses are challenged in terms of growing their businesses.

There are a multitude of reasons as to why an individual or business might be experiencing financial difficulties. It’s important to know that you’re not alone — and you have options.

“KYC” – No, it’s not a new chicken restaurant – its stands for “Know your client,” a sacred mantra taught to every banker as he or she embarks on their banking career.

When you’re working 24 / 7 to drive growth, it is not always easy to get a comprehensive picture as to your business’ true financial situation — and where it’s headed.

A recent survey completed by AlixPartners identified that the retail industry has been and will continue to be, the industry in the US most impacted by technology disruption.

While the story of Bre-X certainly played out like a movie script, like most Canadian scandals, it garnered little interest outside of the mining industry south of the border, especially, almost 20 years later.

Assessing whether your client is experiencing financial distress does not require access to detailed financial information, but rather facts which are readily available if you keep a keen eye and watch for them.