A report from the Office of the Superintendent of Bankruptcy released Friday found 4,810 businesses filed insolvencies in 2023.
The Canadian Association of Insolvency and Restructuring Professionals says it's an increase of 41.4 per cent from the year prior and the largest jump in 36 years of records.
Bolduc notes insolvency rates were rising to catch up to pre-pandemic norms, but they've now surpassed previous figures and are likely to continue to rise in 2024. According to the Calgary Chamber of Commerce, 95 per cent of businesses in the city are considered small, and the possibility of losing them is cause for concern.
As the war in Ukraine approaches the two-year mark, Canadians' attention is plunging, as is support among Conservative voters, according to a new Angus Reid survey. Over the weekend, Ottawa quietly extended its foreign homebuyer ban until 2027. But some experts question whether it will make any difference to affordability in the Lower Mainland.A video making the rounds on social media shows dozens of rats scurrying about a small downtown park near Burrard Station in Vancouver.Cleanup in Nova Scotia could take days after more than a metre of snow piled up in some parts of the province over the weekend.
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