Uptick in business bankruptcies just the tip of the iceberg: CFIB

  • 📰 TorontoStar
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 55%

Business News News

Business Business Latest News,Business Business Headlines

A small business lobby group says commercial bankruptcies are rising in Canada and even more small businesses are at risk of closure.

Statistics Canada data shows small business insolvencies have been on an upward trend since May 2021.

It said 46 per cent of business owners say they would simply stop operating rather than go through the bankruptcy process. “Our research provides a broader perspective on business insolvencies in Canada and shows that the rising number of small business bankruptcies is just the tip of the iceberg.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Tiff Macklem is waging Class Warfare. He has publicly advocated for employers to not raise wages to match inflation. He is bankrupting small business. He is increasing the unemployment. The rich are unaffected. firetiff

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 60. in BUSİNESS

Business Business Latest News, Business Business Headlines