Canadian business insolvencies up 37.2% in 2022, consumer insolvencies up 11.2%

Business bankruptcies totalled 2,621 for the year, up from 1,942, while proposals filed by businesses amounted to 781, up from 538 in 2021.

The federal regulator says the sectors that saw the biggest increase in insolvencies were accommodation and food services businesses and the construction industry. The sectors that saw the biggest drop were mining and oil and gas extraction, and finance and insurance.The consumer figures included 24,586 bankruptcies, down from 27,461 in the previous year, while proposals rose to 75,598 compared with 62,631 in 2021.

Hopefully the majority of those are liberal voter's. You get what you voted for.

It’s like Trudeau is trying to kill Canada.

Great job, Trudeau 🙄

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Trends That Shaped Ontario's Real Estate Market From 2020 to 2022A new report offers fresh insight into the trends and behaviours in Ontario's real estate market pre-March 2020 through December 2022. It's a bumpy ride. teranet_social | realestate realestatenews Ontario realestatemarket
Source: storeyspub - 🏆 16. / 74 Read more »