debts

Politics

CRA reversed $246M in pandemic benefit debts after thousands contested eligibility status

The government has had to cancel at least $246 million in debts for thousands of Canadians it initially claimed had…

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Business

Provincial governments facing higher debts and more financial pressure

After riding a red-hot economy to shrink deficits and grow surpluses, provincial governments across the country are beginning to see…

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Business

Business bankruptcies shot up by more than 41% last year, as pandemic debts mount

Business insolvencies jumped by more than 41 per cent in 2023, according to data released Friday by Canada’s top financial regulator.…

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Business

BMO shutting down indirect retail auto finance business as bad debts mount

Bank of Montreal (BMO) is winding down its indirect retail auto finance business and shifting focus to other areas in…

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Politics

After three years, Peter MacKay says he’s finally paid off $1.7 M in leadership debts

It took the better part of three years, myriad fundraising events and help from former prime ministers — and at least…

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Business

Tourism companies in ‘bad’ shape, with rising debts and meager demand: industry

The head of the Tourism Industry Association of Canada says businesses are struggling to stay afloat under a mountain of…

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