Business insolvencies spike in first quarter, consumer insolvencies also rise – Winnipeg Free Press
Breaking News, Sports, Manitoba, Canada
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OTTAWA — Business insolvencies surged 87.2 per cent year-over-year in the first quarter of 2024, while consumer insolvencies rose 14 per cent.
Business insolvencies surged 87.2 per cent year-over-year in the first quarter of 2024, while consumer insolvencies rose 14 per cent.
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
It's the largest year-over-year increase in business insolvencies in 37 years, association says