Bankruptcy rate drops in January
A bustling economy sees fewer filings.
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January marked the biggest decline in Canadian bankruptcy filings for that month in two decades.
With the total number of insolvencies falling 6.7% from the previous month, and bankruptcies falling 9.4% on a monthly basis, analysts see this as a sign that the economy is improving.
The decrease is being attributed to downswing in consumer bankruptcies. Only 354 businesses in Canada declared bankruptcy in January.
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