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Old 01-07-2009, 02:54 PM
sunshine sunshine is offline
Join Date: Jun 2008
Posts: 62

Originally Posted by Jason View Post
According to the article published yesterday in Toronto Star, Canadian bankruptcies surged by more than 20% in October 2008.

All this looks very depressing, and doesn't bode well for the Canadian economy. I guess many people are being crushed by excessive credit card debt, huge mortgages and high interest rates on bad credit loans, payday loans and the like.
This is no good. 2009 will be even worse. I foolishly hoped that when 2008 is over we all will be better off... How stupid of me. I am starting to think the crisis will go deeper
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