The Financial Pipeline

Bankruptcy Protection: A Chance to Restructure and Survive

Bankruptcy and bankruptcy protection may sound similar but they mean something different, and come with varying outcomes. Here’s a breakdown of how Chapter 11 and CCAA play out in the U.S. and Canada - and how they differ from liquidation.

added 5 days ago

3 minutes

All that Glitters is not a Record Gold Find

Bre-X has a sordid legacy as one of the biggest capital market frauds of all time. Want to know more about how this Calgary startup took the stock market by storm and what happened behind the scenes on its path to infamy?

added 2 weeks ago

3 minutes

“Buyer Beware”: What to consider before investing in penny stocks

While racking up equity in a well-known company on the cheap may seem like a good way to beef up your portfolio, investors shouldn’t venture into penny stocks lightly

added 3 weeks ago

3 minutes

Distressed Investing: A Long-Term Game for High Returns

Distressed investing involves long bankruptcy proceedings and impeccable valuation skills – and comes with an expectation of high returns

added 1 month ago

2 minutes

What’s an LRCN AT1 bond?

LRCN AT1 bonds are unsecured, long-dated hybrid securities meant to enhance banks’ core capital base, offering higher yield - and higher-than-usual risk for bank debt.

added 1 month ago

3 minutes

Chasing Yield

Volatile markets are making investors reach further out the risk spectrum in search for yield, which can lead some market participants well beyond their comfort zone

added 2 months ago

4 minutes

Featured Videos

A Short History of Penny Stocks

added 2 months ago

2 minutes

The impact of Central Bank stimulus on the credit market

added 4 months ago

3 minutes

The Dorr Report: Booms & Busts

added 8 months ago

3 minutes

Recent Articles

5 days ago • 3 minutes

How many times have you heard about a company going bankrupt that somehow manages to survive? Companies go bankrupt and sometimes it happens quite abruptly, like it did for Lehman Brothers. But, financial hardship need not...

2 weeks ago • 3 minutes

Bre-X is indisputably one of the biggest and most infamous frauds in capital markets history, and a rather unexpected Canadian tale of greed, gold and mystery. It began with a falsified gold find unlike anything seen before (...

3 weeks ago • 3 minutes

One of the hardest lessons for investors to grasp when it comes to penny stocks is that just because a stock appears to have a lot of upside potential, it isn’t necessarily well matched with their risk tolerance. What’s mo...

1 month ago • 2 minutes

Distressed investing involves buying the securities of issuers in or approaching bankruptcy to make a profit. The word “distressed” reflects the fact that bankruptcy is not good for the price of a company’s securities. The...

1 month ago • 3 minutes

A new Additional Tier 1 (AT1) bond, known as a Limited Recourse Capital Note (LRCN), has been introduced to the Canadian market. It’s a type of unsecured, long-dated bond banks can use to enhance their core capital base to sa...

2 months ago • 4 minutes

The search for yield is at the heart of investing for numerous market participants, but as increasingly volatile markets lead to unprecedented monetary policy responses, the quest for income is pushing investors further and f...

2 months ago • 2 minutes

Debt can be classified as distressed when a company gets into trouble and their bonds trade at much wider spreads. Generally, those spreads would be greater than 1,000 basis points (or 10%) above the respective government...

3 months ago • 5 minutes

Hollywood loves to make movies about flashy financial hustlers - here are a few of our top picks that might teach you valuable investing lessons.

3 months ago • 3 minutes

The COVID-19 pandemic forced the U.S. Federal Reserve into unprecedented policy actions and led to a level of Fed intervention unlike anything markets had ever seen. It’s reminiscent of that scene from Toy Story when Buzz...

4 months ago • 2 minutes

When rookie retail investors seem to be on a winning streak, what could possibly be so wrong with taking your COVID stimulus cheque or even your life savings and sinking them into an online brokerage like Robinhood ...

4 months ago • 2 minutes

A curious thing happened to Hertz stock in the middle of the COVID-19 pandemic: retail investors couldn’t get enough of it, even after the company declared bankruptcy, major shareholders dumped their shares and the company it...

5 months ago • 1 minute

Investors often overlook the bond market because they find it mysterious and confusing, but bonds can provide much-needed stability in a portfolio. They also play an important role in maintaining liquidity during an economic ...

5 months ago • 1 minute

Oil prices can be influenced by many factors, but the most crucial among them are supply, demand and storage capacity. That’s because like any other commodity, oil follows a production cycle. When demand increases faste...

5 months ago • 2 minutes

One of the ways banks make money is off the interest payments and expenses they receive from the loans they give out. If those loans aren’t repaid or the interest payments aren’t as high as expected, the banks’ earnings can t...

5 months ago • 2 minutes

A home equity line of credit, or HELOC, is a loan that lets you borrow against the equity in your home. It’s typically offered as part of your mortgage by a financial institution, but it can also be a stand-alone loan. Unl...

6 months ago • 5 minutes

A major financial crisis like the one caused by the COVID-19 pandemic can immediately cause panic, but there are ways to ensure you’re in as good a position as possible when you come out on the other side. “I like to think...

6 months ago • 1 minute

The causes and nature of a recession can impact how that crisis plays out and how long the recovery will take. Economists have an informal shorthand of recession shapes to described these rebounds, based on the general sha...

6 months ago • 4 minutes

One of the many things that happened during the early days of the COVID-19 pandemic was a search for context and perspective. Faced with a health crisis that forced the shutdown of the economy, people were left grasping for a...

7 months ago • 3 minutes

Quantitative easing refers to a central bank buying government bonds and other assets to stimulate the economy and return it to full employment. Banks like the U.S. Federal Reserve, the Bank of Canada or the European Centr...

7 months ago • 4 minutes

In the first weeks of the COVID-19 pandemic, as the extent of the damage the economy and financial markets would suffer started to become clear, the U.S. Federal Reserve and the Bank of Canada made a series of increasingly la...

7 months ago • 3 minutes

When the economy is struggling, it’s usually central banks that will step in to give it a little nudge through a shift in monetary policy. But when that’s not enough, governments can step in with fiscal policy changes. “Hi...

8 months ago • 1 minute

Accounting standards tell companies how to report their financial results. They help create a standardized system of reporting so that analysts, lenders and other financial professionals and investors can compare companies an...

Bankruptcy Protection: A Chance to Restructure and Survive

All that Glitters is not a Record Gold Find

“Buyer Beware”: What to consider before investing in penny stocks

Distressed Investing: A Long-Term Game for High Returns

What’s an LRCN AT1 bond?

Chasing Yield

Featured Videos

A Short History of Penny Stocks

The impact of Central Bank stimulus on the credit market

The Dorr Report: Booms & Busts

Recent Articles

Bankruptcy Protection: A Chance to Restructure and Survive

All that Glitters is not a Record Gold Find

“Buyer Beware”: What to consider before investing in penny stocks

Distressed Investing: A Long-Term Game for High Returns

What’s an LRCN AT1 bond?

Chasing Yield

What’s Distressed Debt?

FinPipe goes to the movies

Fed Intervention: To infinity and beyond

Bankruptcy Bonanza: Cheap stocks and credit quality

Should I buy Hertz stock on Robinhood?

What are the main types of bonds?

Why do oil prices change?

Loan loss provisions

What’s a HELOC?

Steps to weather a financial crisis

Gimme a V and keep the L: What economic recoveries look like

All downturns are different, but all volatility eventually ends

Quantitative Easing: An economic SOS

Game of Liquidity: Why the flow of money matters

When are fiscal policy changes needed to boost the economy?

Accounting standards: A key step for compliance

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