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Catalyst Paper mill at Crofton, B.C.
Catalyst Paper mill at Crofton, B.C.
(Catalyst Paper)

Resource company debt causes the most default trouble

To save yourself the stress of a debt default, steer clear of the resource sector.

Since the Canadian economy really started to recover from the financial crisis, there have been 16 debt defaults across the country, according to credit rating agency Moody’s Investors Service. Of these, over 40 per cent have come from resource-related companies.