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Insolvencies in Canada now as high as during the financial crisis: Report
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Insolvencies in Canada now as high as during the financial crisis: Report 

Personal insolvencies become more common when interest rates rise. In Canada, people are filing for insolvency at a higher rate than usual. According to The Toronto Star, experts are saying that we haven’t had this many instances since the financial crisis in 2008-09. 

President of the Canadian Association of Insolvency and Restricting Professionals, Grant Christensen said, “It’s fairly clear what’s going on. There’s a close correlation between interest rates and insolvencies.” 

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