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The Office of the Superintendent of Bankruptcy says both consumer and business insolvencies rose significantly in the second quarter amid heightened interest rates.
The Office of the Superintendent of Bankruptcy says both consumer and business insolvencies rose significantly in the second quarter amid heightened interest rates.
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There were over 1,000 commercial bankruptcies and proposals in Canada in the second quarter, and high inflation may be to blame
There were 31,224 consumer insolvencies in the April to June period, up 23.5% compared with the same period last year
There were 31,224 consumer insolvencies in the April to June period, up 23.5% compared with the same period last year