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opinion
Canadians’ household debt is surging – this is a grave problem
Charles St-Arnaud
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A BMO analyst picks his best Canadian bank stocks for rising rate environment
Toronto's Financial District on Sept 3 2020
european business
Britain’s insolvency service begins formal criminal and civil investigations into P&O Ferries job cuts
The P&O ferry Norbank carrying freight on the Liverpool to Dublin route, leaves Gladstone Dock in Liverpool, north west England, on March 23, 2022. - The Dubai-owned group announced it has shed more than one quarter of its staff in a drastic restructuring to save cash, and halted services for the next few days. (Photo by Paul ELLIS / AFP) (Photo by PAUL ELLIS/AFP via Getty Images)
soccer
Inter Milan CEO says Italy’s Serie A is at risk of insolvency, needs more financial support
Inter Milan CEO Giuseppe Marotta answers to a TV reporter prior to the start of the Europa League, round of 32, second leg soccer match between Inter Milan and SK Rapid Vienna, at the San Siro stadium in Milan, Italy, Thursday, Feb. 21, 2019. (AP Photo/Luca Bruno)
report on business
Business insolvencies fall to lowest recorded since 1987, highlighting unusual effect of COVID-19
A woman wearing a protective mask walks past a closed DavidsTea store in Montreal on Wednesday, July 8, 2020. Insolvent beverage retailer DavidsTea is closing 82 stores in Canada and exiting the U.S. market as it focuses on its e-commerce business and supplying grocery stores and pharmacies. THE CANADIAN PRESS/Paul Chiasson
report on business
DavidsTea takes step toward exiting insolvency after Quebec court approves plan
A woman wearing a protective mask walks past a closed DavidsTea store in Montreal on Wednesday, July 8, 2020. THE CANADIAN PRESS/Paul Chiasson
canada
Laurentian professors in precarious spot as university navigates insolvency
The main entrance to the Laurentian University campus on Monday February 1/2021. Gino Donato/The Globe and Mail
report on business
The Bay Street whiz kid who wasn’t: Searching for the real Gary Ng
Gary Ng, a 34 yr old U of M grad who acquired PI Financial for $100 million, poses for a portrait at the Fairmont in Winnipeg on Wednesday, Nov. 28, 2018. Winnipeg Free Press 2018.
opinion
The usual economic indicators aren’t helpful right now. Here are four key ones to watch in 2021
David Parkinson
report on business
Women taking a greater role in handling restructuring cases amid COVID-19 crisis
A woman in a face exits Le Chateau at the Guildford Town Centre in Surrey, B.C., Friday, Dec. 4, 2020. The clothing store is going out of business amid the global COVID-19 pandemic. THE CANADIAN PRESS/Marissa Tiel
report on business
Gary Ng’s firm under scrutiny before deal for PI Financial
economy
Many companies in precarious state ahead of challenging winter
The closed dining room of Sash Simpson's Toronto restaurant, Sash, on Oct. 29, 2020. After a rugged childhood, Simpson realized his dream last year when he opened a high-end restaurant. Within months, the pandemic struck. (Kiana Hayeri/The New York Times)
report on business
Companies turn to legal strategies to stave off messy bankruptcies
Mathieu Guerin, director of operations at Cirque de Soleil checks the lights in the big top at the Old Port in Montreal, Quebec, May 13, 2020. (Christinne Muschi /The Globe and Mail)
economy
Canadian bankruptcy filings down 42% year-over-year in August
Bank towers are shown from Bay Street in Toronto's financial district on Wednesday, June 16, 2010. Analysts say mortgage and loan deferral programs banks rolled out amid COVID-19 are bound to contribute to drops in revenue and spikes in provisions for credit losses in their second quarters. THE CANADIAN PRESS/Adrien Veczan
european business
Wirecard sells Brazil assets as it begins winding down international operations
FILE PHOTO: The logo of Wirecard AG is pictured at its headquarters in Aschheim, near Munich, Germany, July 1, 2020. REUTERS/Andreas Gebert
report on business
Cirque du Soleil says creditors expected to launch a new takeover bid next week
A man and woman walk by the Cirque du Soleil Big Top in Montreal's Old Port on March 21, 2020. THE CANADIAN PRESS/Graham Hughes
report on business
DavidsTea to close 82 stores in Canada and exit the U.S. market
Pedestrians pass a DavidsTea shop on Queen Street West in Toronto on July 8, 2020.
report on business
Frank and Oak latest Canadian clothing retailer to file for creditor protection
Clothing maker and retailer Frank + Oak has capitalized on a certain kind of millennial look. (Photo: A counter at Frank + Oak’s Laval location in Quebec. Courtesy of Frank + Oak)
streetwise newsletter
Streetwise newsletter: Securities regulators seek public input on changing oversight of investment industry
Toronto, Canada - August 26, 2014: Financial District at Bay Street, Toronto. Bank towers overlook the traffic at Wellington and Bay Streets. Summer morning in Canada's largest city.
european business
‘The money’s gone’: Wirecard files for insolvency, owing creditors nearly $4-billion
The headquarters of Wirecard AG stands in Aschheim, Germany, on April 25, 2019.
european business
Lufthansa shareholder Heinz Hermann Thiele to endorse bailout
The setting sun illuminates the tail fin of a Lufthansa aircraft at the airport in Frankfurt, Germany, Tuesday, June 23, 2020. The German airline Lufthansa will hold its annual shareholders meeting on Thursday. (AP Photo/Michael Probst)
your practice
How advisors can help clients avoid bankruptcy
Elderly spouses sitting on couch at home planning budget check bills cheques, computer, documents and calculator on coffee table, close up cropped concept image, couple manage family expenses concept
report on business
Supreme Court decision gives boost to companies providing financing for commercial, class-action lawsuits in Canada
The Supreme Court of Canada in Ottawa on Friday, Nov. 2, 2018.THE CANADIAN PRESS/Sean Kilpatrick
report on business
COVID-19 measures give temporary reprieve from growing insolvency, association says
streetwise newsletter
Streetwise newsletter: Inside the Bondfield investigation: Hundreds of thousands in cash deposits flowed into account, records reveal
A composite of bank account records at the centre of a forensic investigation into Bondfield Construction shows cash deposits of exactly $9,000 over 20 months.
report on business
Inside the Bondfield investigation: Hundreds of thousands in cash deposits flowed into account, records reveal
A composite of bank account records at the centre of a forensic investigation into Bondfield Construction shows cash deposits of exactly $9,000 over 20 months.
report on business
Consumer insolvencies on the rise, raising concerns about financial well-being of Canadian households
Canadian bank notes are seen in Ottawa on Wednesday, September 6, 2017. Consumer insolvencies rose by 9.5 per cent in 2019 as Canadians filed the second-highest annual total of bankruptcies and proposals on record. THE CANADIAN PRESS/Adrian Wyld
report on business
Personal insolvency filings over 12 months increased 8.9 per cent in November
Canadian bank notes are seen in Ottawa on Wednesday, September 6, 2017. A national association of insolvency and restructuring professionals expects personal insolvencies will grow in 2020 after the rate of filings increased 8.9 per cent in November over the same 12-month period the previous year. THE CANADIAN PRESS/Adrian Wyld
economy
Canada on pace for biggest jump in consumer insolvencies in a decade
report on business
Houston Oil insolvency adds to threat of orphaned wells in Alberta
A de-commissioned pumpjack is shown at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. The Supreme Court of Canada will hear an appeal from Alberta's energy regulator seeking to overturn a ruling that could allow bankrupt energy companies to walk away from cleaning up abandoned oil wells, a decision that could affect industrial sites across the country. THE CANADIAN PRESS/Jeff McIntosh
european business
Reprieve for Thomas Cook’s U.K. stores as Hays Travel deal saves up to 2,500 jobs
(FILES) In this file photo taken on September 26, 2019 A closed-down branch of the global travel group Thomas Cook is pictured three days after the company filed for bankruptcy, in Peterborough, central England. - British travel agent Hays Travel on October 9, 2019, said it had agreed to buy all 555 UK stores from Thomas Cook after the holiday company's collapse. Hays has already recruited 421 former Thomas Cook staff, a statement said. (Photo by OLI SCARFF / AFP) (Photo by OLI SCARFF/AFP via Getty Images)
european business
Blame game begins as stranded Thomas Cook travellers return home
Thomas Cook passengers are seen at Las Palmas Airport after the world's oldest travel firm collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history in Las Palmas, Canary Islands, Gran Canaria, Spain September 23, 2019. REUTERS/Borja Suarez
business briefing
More Canadians can’t make ends meet, file for insolvency
report on business
‘Cash crunch’ leaves Stornoway Diamond Corp. racing to stave off insolvency
‘Cash crunch’ leaves Stornaway Diamond Corp. racing to stave off insolvency
business briefing
Almost half of Canadians polled say they’re just $200 away from insolvency
report on business
Ernst & Young still can’t find missing Quadriga funds
Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture on Feb. 13, 2018.