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Business and consumer insolvencies rise in May from last year

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Canadian insolvencies rose in May from last year as elevated inflation and interest rates continue to hit businesses and consumers.

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Canadian services sector downturn ends as new business climbs in MayThe headline business activity index rose to 51.1 from 49.3 in April, rising above the 50 threshold for the first time since May last year and posting its highest level since April 2023
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