#business-insolvencies

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www.cbc.ca
2 months ago
Canada news

Canadian economy not in recession, but 2023 was one of its weakest recent years | CBC News

Canadian economy expanded at 1% in Q4 driven by exports, while housing and business investment fell.
Business insolvencies rose 41% in 2023 due to pandemic debt and high interest rates affecting consumer finances. [ more ]
www.cbc.ca
3 months ago
Canada news

Business bankruptcies shot up by more than 41% last year, as pandemic debts mount | CBC News

Business insolvencies in Canada increased by more than 41% in 2023, with the total number of insolvencies rising by 23.6%.
The high insolvency rates for businesses are indicating a tough economic climate and could lead to more job losses in the coming months. [ more ]
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