Business and consumer insolvencies rise in May from last year

Data from the Office of the Superintendent of Bankruptcy shows total insolvencies were up 19.2 per cent from May 2023 and up 3.1 per cent from April.

Business insolvencies were down from April, falling 3.8 per cent to 530, but up 41.7 per cent from last year. -- The US Gulf Coast is probably the only place in the world where two men with virtually no experience running an energy business could upend a vast industry while becoming billionaires in the process.

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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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