Month: May 2015

Increase in business financing : Don’t get too excited

The Bank of Canada’s (BoC) surprise rate cut in late January, which brought short-term rates to their lowest level since the Global Financial Crisis, seems to have potentially spurred some much-needed investment among the country’s businesses, or has it? According to a recent report from the Royal Bank of Canada’s (RBC) economics team, Canada’s business…

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Alberta Bankruptcies: At an inflection point?

According to the latest release from the Office of the Superintendent of Bankruptcies (OSB) personal bankruptcies in Alberta increased 20% in February versus the previous month and were 10% higher versus February 2014. Nationally, consumer bankruptcies were up by 10% month over month. Unfortunately for Alberta, given the current economic backdrop, we are most likely…

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