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  #1  
Old 11-20-2009, 04:57 PM
Canadian Canadian is offline
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Exclamation Canadian personal bankruptcies soar in September!

Canadian personal bankruptcies increase almost 50% year-over-year in September 2009. I guess EI money are running out for many Canadians....

http://globeinvestor.com/servlet/sto...71181/GIStory/
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  #2  
Old 11-20-2009, 05:40 PM
trent trent is offline
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The bankruptcy numbers are bound to go much higher, with all the reckless borrowing we had in the last 8-10 years. Thos with large debt better pray interest rates don't go up sharply, because if Canadians are going bankrupt now with all-time low interest rates, imagine what happens when they have to service debt at 7-8%.
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Old 11-21-2009, 03:51 AM
Rickson9 Rickson9 is offline
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This unfortunate data is definately not reflected in either the real estate or stock markets. As such, it is a non-event for me.
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Old 11-22-2009, 12:05 PM
Elli Davis Elli Davis is offline
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Yeah, I want some info about the real estate sector too. Without it, this article is not that interesting, really.
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  #5  
Old 11-23-2009, 08:07 PM
trent trent is offline
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Quote:
Originally Posted by Rickson9 View Post
This unfortunate data is definately not reflected in either the real estate or stock markets. As such, it is a non-event for me.
All in due time...
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Old 11-24-2009, 05:28 PM
Canadian Canadian is offline
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Quote:
Originally Posted by Rickson9 View Post
This unfortunate data is definately not reflected in either the real estate or stock markets. As such, it is a non-event for me.
It might not affect you just yet, but keep in mind that you do not live/work/invest in isolation. You are just a miniscule part of the system and you better pay attention to such events if you want to stay ahead financially...
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Old 11-25-2009, 04:52 AM
Rickson9 Rickson9 is offline
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Quote:
Originally Posted by Canadian View Post
It might not affect you just yet, but keep in mind that you do not live/work/invest in isolation. You are just a miniscule part of the system and you better pay attention to such events if you want to stay ahead financially...
I'm so tiny that it won't make a difference to me.
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  #8  
Old 11-25-2009, 11:27 AM
francisford francisford is offline
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Sigh. Personal bankruptcies reflect a sad fact of life.
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