Bankruptcies and proposals are now higher than they were before the pandemic began, ending an era when fewer Canadian businesses were closing shop
business insolvencies has come to an end, and a new epoch of business closures may have just begun, new data suggest.
“There is a lot of damage from COVID that we’re catching up on now,” said David Lewis, a licensed insolvency trustee and a spokesperson for the Canadian Association of Insolvency and Restructuring Professionals.
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