Briefing highlights
- Insolvencies on rise
- Global markets tame so far
- New York closed for Independence Day
- Canadian dollar at about 76.5 cents
- What to watch for today
- Required Reading
Insolvencies on rise
More Canadians are finding they cant juggle their finances.
Insolvencies among consumers rose in May to 12,375, up 5 per cent from April and 8.6 per cent from a year earlier, the latest statistics from the Office of the Superintendent of Bankruptcy show.
There are two types of insolvency: One is outright bankruptcy, the other a proposal under which a consumer offers creditors new terms to pay debts.
The number of bankruptcies climbed 6.2 per cent in May from April, to 5,163, though that mark…
Read the full article at: https://www.theglobeandmail.com/business/briefing/article-more-canadians-go-under-as-they-find-they-cant-juggle-their-debts/