Crossword Genius

Dad holding a high card can solve all problems (7)

Ross

I believe the answer is:

panacea

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'solve all problems' is the definition.
I can't tell whether this definition defines the answer.

'dad holding a high card' is the wordplay.
'dad' becomes 'pa' (both can mean one's father).
'holding' indicates putting letters inside.
'a' becomes 'an'.
'high card' becomes 'ace' (I've seen this before).
'an'+'ace'='anace'
'pa' placed around 'anace' is 'PANACEA'.

'can' acts as a link.

Can you help me to learn more?

(Other definitions for panacea that I've seen before include "Universal cure" , "that will cure anything" , "Nostrum" , "sovereign remedy" , "that's going to help a lot" .)

I've seen this clue in The Globe and Mail.
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