Small businesslobby group says commercial bankruptcies are on the rise in Canada, with more small businesses at risk of closing .
Statistics Canada data show that small business bankruptcies have been on the rise since May 2021. If businessesbecome insolvent, the Only 10% of business owners indicate they will file for bankruptcy.
Simply stop the business without going through bankruptcy proceedings.
Story Continues Under Advertisement
More than one of his six Canadian small business owners is now out of business, according to CFIB said it was considering
A lobby group is calling for government help to help Canada's small business sector navigate the coming months and cope with challenges such as pandemic-related debt and supply chain issues.
© 2022 The Canadian Press