There has been many articles in the last few months speaking to the rising debt levels and insolvencies in Canada which are pointing to an incoming recession.

What are you thoughts around this and share your experience?

Personally speaking, I am seeing many Canadian companies closing up shop and leaving Canada or changing operations (i.e. being bought out by another company & laying off employees); this obviously means less jobs in Canada. I am also seeing many of my social circle friends tightening spending and worrying about the economy.

Insolvencies:

https://www.bnnbloomberg.ca/rising-inso … -1.1349506

https://www.ctvnews.ca/canada/personal- … -1.4715915

Recession:

https://www.theglobeandmail.com/busines … re-in-one/

Debt Levels:

https://business.financialpost.com/news … ments-area

https://www.lowestrates.ca/news/canadia … ssion-2020

Statistics: Posted by desolatioN — Feb 17th, 2020 7:36 am


* This article was originally published here