The biggest increase in 36 years.
Liberal-NDP radical economic policies are moving our nation in a more socialist direction, stifling innovation and holding back our country from achieving our full potential.
By punishing entrepreneurial strength by increasing taxes/regulations that direct more and more resources towards the inefficient and stifling federal government, the Liberals & NDP are driving down our living standards and making our nation poorer.
And there’s massive evidence of how this is wrecking our economy.
According to a new report, business insolvencies surged by a whopping 41.4% in 2023:
“A new report released Friday from the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) found that business insolvencies in Canada rose by 41.4 per cent in 2023 when compared to the previous year. The rise marked the largest annual increase based on 36 years of records from the Office of the Superintendent of Bankruptcy (OSB).
“Businesses have been struggling to cope with a myriad of financial challenges over the past year, including higher input costs, wage costs, and debt servicing costs, exacerbating the rocky footing many have been on ever since the pandemic,” Andre Bolduc, the chair of CAIRP, said in a press release.
In total, 4,810 businesses filed for insolvency during 2023, which marked the largest annual volume in 13 years, the release said.”
Every day brings more evidence of how profoundly the Liberals & NDP are wrecking Canada. The strength and potential of our nation is being crushed by a bunch of economically-illiterate authoritarian socialists, and our country can’t be rid of them soon enough.
Spencer Fernando
