Grandparents killed in wrong-way crash on Hwy. 401 identified
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
A small business lobby group says commercial bankruptcies are rising in Canada and even more small businesses are at risk of closure.
Data from the Office of the Superintendent of Bankruptcy Canada shows small business insolvencies have been on an upward trend since May 2021.
But in a report Thursday, the Canadian Federation of Independent Business said its own survey data indicates only 10 per cent of Canada's small business owners would file for bankruptcy if their business was no longer solvent.
It said 46 per cent of business owners say they would simply stop operating rather than go through the bankruptcy process.
"Official Canadian data on small business bankruptcies doesn't account for zombie companies or businesses that would rather wind down than file for bankruptcy," CFIB chief economist Simon Gaudreault said.
"Our research provides a broader perspective on business insolvencies in Canada and shows that the rising number of small business bankruptcies is just the tip of the iceberg."
CFIB said its data shows 54 per cent of business owners are yet to return to normal, pre-pandemic revenue levels and 62 per cent are still carrying pandemic debt.
The group also said more than one in six Canadian small business owners say they are currently considering going out of business.
The lobby group wants government support to help Canada's small business sector get through the next few months and deal with challenges like pandemic-related debt and supply chain issues.
This report by The Canadian Press was first published Aug. 18, 2022.
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Pius Suter scored with 1:39 left and the Vancouver Canucks advanced to the second round of the NHL playoffs with a 1-0 victory over the Nashville Predators on Friday night in Game 6.
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Since 1932, Montreal's Henri Henri has been filled to the brim with every possible kind of hat, from newsboy caps to feathered fedoras.
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Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.