Business insolvencies are rising globally (chart below via The National Post), and Canada is seeing twice the G7 average. Canadian business insolvencies rose 35% quarter-over-quarter in the final quarter of 2023. They doubled compared with the same quarter in 2022 and were at the highest level 13 years (Office of the Superintendent of Bankruptcy). {chart} The 2023 Hoyes, Michalos Joe Debtor study shows consumer insolvency filings rose 23% nationally (26.2% in Ontario) across all income and age groups as well as homeowners. 82% of insolvent debtors were employed at the time of filing. Consumer insolvency filings are ... (full story)