That is rough, more companies go up in smoke, means less jobs, means fewer people can service their debts and thats when I think governments will react, no one cares about small business, its all about big business or the consumer pain

TheBTCManual

grayruby

Kobeissi Letter and Apollo marks... these reports are quite incestuous~~

south_korea_ln

Canadian bankruptcy filings are skyrocketing with nearly 800 bankruptcy filings in January 2024 alone.

The numbers keep getting worse. This comes after bankruptcy filings in 2023 jumped nearly 40% year-over-year.

Currently, the number of businesses filing for insolvency is at its highest in 13 years.

In January, small businesses faced deadlines to repay interest-free loans of ~$45,000 given during the pandemic.

Small businesses currently account for ~33% of Canada's GDP.

Is Canada bracing for a recession? If not, how can they turn the tide?

charts_and_numbers

What is happening in Canada?
![IMG_9872.jpeg](https://m.stacker.news/21603)
Canadian bankruptcy filings are skyrocketing with nearly 800 bankruptcy filings in January 2024 alone.

The numbers keep getting worse. This comes after bankruptcy filings in 2023 jumped nearly 40% year-over-year.

Currently, the number of businesses filing for insolvency is at its highest in 13 years.

In January, small businesses faced deadlines to repay interest-free loans of ~$45,000 given during the pandemic.

Small businesses currently account for ~33% of Canada's GDP.

Is Canada bracing for a recession? If not, how can they turn the tide?
