Business insolvencies jumped by more than 41 per cent in 2023, according to data released Friday by Canada’s top financial regulator. The report from the Office of the Superintendent of Bankruptcy showed that the total number of insolvencies — meaning those filed by both businesses and consumers — was up by 23.6 per cent last year. The … Read more
Some businesses in Canada who took out a CEBA loan may be hoping in vain for a last-minute reprieve and one more chance at free money from the federal government, but others involved say it’s time to move past trying to shift the deadlines for repayment. The federal government has indicated the deadline to pay … Read more
With a major deadline to repay a pandemic era loan on the horizon, Rod Castro says he feels like he’s performing a “juggling act” while trying to figure out the best way forward. “I haven’t written myself a paycheck or cashed a paycheck in about three months,” he told CBC News. “Right now, all we’re doing … Read more
