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Reload this Page Canadian bankruptcies jump 23% year-over-year in january
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  #1  
Old 03-30-2009, 07:26 PM
trent trent is offline
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Exclamation Canadian bankruptcies jump 23% year-over-year in january
According to Statistics Canada 10,700 Canadians filed for personal bankruptcy in January of 2009, which is a 23% increase year-over-year. I expect this number to go up sharply in the next few months.
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Old 04-03-2009, 08:48 PM
Canadian Canadian is offline
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Yes, this is just the beginning. Everywhere around me people are taking paycuts and many are losing their jobs. This is not good...
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Old 04-08-2009, 07:29 PM
heyjude heyjude is offline
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Originally Posted by Canadian View Post
Yes, this is just the beginning. Everywhere around me people are taking paycuts and many are losing their jobs. This is not good...
Around me too - people are getting 5%-10% paycuts, not to mention there is absolutely no job security at the moment...
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Old 04-09-2009, 01:15 PM
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Around me too - people are getting 5%-10% paycuts, not to mention there is absolutely no job security at the moment...
Just wait until the fall when the EI benefits start to dry up, for people laid off recently.
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Old 04-21-2009, 08:30 PM
trent trent is offline
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They just released the stats for February bankruptcies in Canada and they are up 22.1% year-over-year:

http://strategis.ic.gc.ca/eic/site/b...g/br02205.html
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Old 04-27-2009, 03:32 PM
Canadian Canadian is offline
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Originally Posted by trent View Post
They just released the stats for February bankruptcies in Canada and they are up 22.1% year-over-year:

http://strategis.ic.gc.ca/eic/site/b...g/br02205.html
I'm not suprised the least. Actually the number is kind of low, if you ask me.
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Old 04-29-2009, 08:06 PM
bullish bullish is offline
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S sthe economy improves, so will the bankruptcies numbers.
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Old 06-07-2009, 05:20 PM
Tightwod Tightwod is offline
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Yr over Yr stats don't really tell you anything except that 2008 was a great year economically in this country until of course Oil crapped out. It would be more useful to compare the Bankruptcy figures to a historical avereage.

My 2 cents
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Old 06-08-2009, 05:23 PM
trent trent is offline
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Originally Posted by Tightwod View Post
Yr over Yr stats don't really tell you anything except that 2008 was a great year economically in this country until of course Oil crapped out. It would be more useful to compare the Bankruptcy figures to a historical avereage.

My 2 cents
I'll try to find historical numbers and post them here...
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Old 06-10-2009, 01:43 PM
bullish bullish is offline
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Originally Posted by Tightwod View Post
Yr over Yr stats don't really tell you anything except that 2008 was a great year economically in this country until of course Oil crapped out. It would be more useful to compare the Bankruptcy figures to a historical avereage.

My 2 cents
Finally a more balanced perspective considering all the gloom-and-doom people posting on this forum . The sky is not falling folks...
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