Month: July 2014

Personal bankruptcies falling in Canada; so what

The Office of the Superintendent of Bankruptcy (OSB) recently reported that nationally bankruptcies in April 2014 fell by 8.8% compared to a year earlier.  While Alberta filings fell by 20.9% New Brunswick realized an increase of 48.5%.  Although touted as good news by the OSB via mainstream media one must recognize that comparing a one…

read more

Governments are People, Debt is Debt

Moody’s credit rating agency changed the outlook on Ontario’s debt rating on July 2, 2014 to negative from stable, citing concerns about the province’s ability to eliminate a $12.5 billion deficit by 2017-18 as scheduled. “After several years of weak to moderate economic growth, and higher than previously anticipated deficits projected for the next two…

read more