COVID-19 measures give temporary reprieve from growing insolvency, association says GlobeBusiness
The number of consumers filing over the last year increased 8.7 per cent to 138,166. The number of business filings decreased 0.9 per cent in the last year.
“For those who were already overstretched with more debt than they could reasonably afford, the government relief and short term payment reprieve have allowed many to stay afloat. But their underlying debt is a gaping hole in the lifeboat,” stated CAIRP chairman Mark Rosen. “The pandemic will magnify the debt problems Canadians were already facing and insolvency will be the way out for many.”
Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
False positive COVID-19 test results rare despite recent scares, experts sayThe spectre of headline-grabbing false-positive test results should not rattle the public's confidence in efforts to track COVID-19 in Canada, observers say. Despite a spate of recent examples including the false alarm in Nunavut, several experts insist the phenomenon remains rare given the scope of tests administered in the country.
Read more »
Spanish league keeps plan to resume despite five positive COVID-19 tests - Sportsnet.caThe Spanish league is not changing its plan to resume competing after five players from clubs in the first and second divisions tested positive for COVID-19.
Read more »
Workers at New York hospital gifted free vacations for efforts to combat COVID-19Thousands of employees at a hospital in the epicenter of America's fight against the coronavirus are being rewarded for their hard work.
Read more »
Lowest number of new COVID-19 cases reported in Ontario since MarchHealth officials reported another dip in new COVID-19 cases in Ontario on Sunday morning with 294 new confirmed cases.
Read more »
Vancouver’s long-term care homes test for variety of symptoms for COVID-19Medical health officer Dr. Michael Schwandt said they began testing broadly and often, and not just those who had classic symptoms of the virus
Read more »
What it's like to travel on a plane in the era of COVID-19Flying in Canada during the time of COVID-19 requires a lot extra care, and CTV Senior Political Correspondent Glen McGregor gives a first-hand account on CTVNews.ca.
Read more »