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Business insolvencies spike in first quarter, consumer insolvencies also rise – Winnipeg Free Press

Breaking News, Sports, Manitoba, Canada

Tijana martinWinnipeg free press newsletterCanadian association of insolvencyOffice of the superintendent bankruptcyCanadian associationRestructuring professionalsKing street westFree pressCanadian press

Business insolvencies spike in first quarter, consumer insolvencies also rise

OTTAWA Business insolvencies surged 87.2 per cent year-over-year in the first quarter of 2024, while consumer insolvencies rose 14 per cent.

Office of the superintendent bankruptcyCanadian association of insolvencyCanadian associationRestructuring professionalsCanadian press

Business insolvencies spike in first quarter, consumer insolvencies also rise - Business News

Business insolvencies surged 87.2 per cent year-over-year in the first quarter of 2024, while consumer insolvencies rose 14 per cent.

Tijana martinCanadian association of insolvencyOffice of the superintendent bankruptcyKing street westCanadian associationRestructuring professionals

Business insolvencies rising to levels not seen since Great Recession

Insolvencies had hit a low point early in the COVID-19 pandemic because of government-support programs and rock-bottom interest rates – both of which are now gone

Kelly higginsonKatherine cuplinskasChrystia freelandEconomic development canadaOffice of the superintendent bankruptcyCanadian association of insolvencyLog increate freeGreat recessionCanadian associationRestructuring professionalsRestaurants canadaStatistics canadaAlex mcdougallCanada emergency business accountFinance minister chrystia freelandDepartment of finance

Business insolvencies spike in Q1, consumer insolvencies also rise

It's the largest year-over-year increase in business insolvencies in 37 years, association says

Canadian association of insolvencyCanadian associationRestructuring professionals

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