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Insolvencies jump in Canada as interest rate hikes, inflation bite

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And insolvencies are expected to rise in the months ahead

Publishing date:

Aug 10, 2022  •  14 hours ago  •  6 minute read  •  24 Comments

Higher interest rates and inflation is leading to an uptick in business and consumer insolvencies. Photo by Getty Images/iStockphoto

Good morning!

Business and consumer insolvencies are marching higher, as climbing interest rates and crushing inflation fuel economic uncertainty, according to an insolvency industry group.

In the second quarter of 2022,…

Read more at financialpost.com

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