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Businesses are being hit by the withdrawal of COVID-19 support, higher interest rates and softening consumer spending, according to CAIRP
Canadian business insolvencies were up 41.8 per cent from a year earlier in the third quarter, surpassing pre-pandemic levels.
Withdrawal of Covid-19 support, higher interest rates and softening consumer spending are challenges
Withdrawal of Covid-19 support, higher interest rates and softening consumer spending are challenges
With Canadians' debt on the rise as they deal with surging prices and interest rates, experts say many people are in the dark about the insolvency process, even though it could help those in dire straits get a clean slate.