Bankruptcies Surge Again

Things haven’t been this bad since the aftermath of the global financial crisis.

The Trudeau government is desperately trying to lie and convince people that the economy is doing well.

They seized upon the recent jobs report – which has been debunked and questioned by many experts – as if that would somehow distract people from what we’re seeing on the ground.

And now, there’s more evidence of what we really know to be true: Something is seriously wrong with Canada’s economy.

Bankruptcies have surged yet again, reaching the highest level since the aftermath of the global financial crisis.

There were over 32,000 bankruptcies in the first quarter of 2019 alone, the worst Q1 figure since 2010 when the Canadian economy was still recovering from the aftermath of the worldwide economic meltdown.

Household debt also hit another record.

All of this flies in the face of the attempts by the Trudeau Liberals to claim the economy is doing well. After all, if the economy was doing well, why would we be seeing massive surges in Canadians claiming bankruptcy?

The reality is clear: The cost of living is already incredibly high, and the federal government is making it worse by piling on more and more taxes. That can only lead to one thing – economic weakness, more bankruptcies, and more economic suffering for Canadians.

Spencer Fernando

Photo – Twitter