In 2024, 137,300 Canadian households declared insolvency, similar to bankruptcy, 11.4 percent more than the year before and the most since the record year of 2009 during the Great Recession, data from the country’s Office of the Superintendent of Bankruptcy (OSB) shows.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Feb 18 2025
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The federal government laid off 200,000 probationary employees and fixed-term contract employees throughout various federal agencies as President Donald Trump works to reduce government waste.