* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, June 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

    Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

    SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Innovation at Scale: How P&G Transforms Business Through Technology – Procter & Gamble

    Revolutionizing Business: P&G’s Bold Journey into Technological Innovation

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

    Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

    SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Innovation at Scale: How P&G Transforms Business Through Technology – Procter & Gamble

    Revolutionizing Business: P&G’s Bold Journey into Technological Innovation

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Canada braces for possible wave of business bankruptcies

February 1, 2024
in Business
Canada braces for possible wave of business bankruptcies
Share on FacebookShare on Twitter

Canada braces for possible wave of business bankruptcies
© Reuters. FILE PHOTO: A sign in the financial district in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo

By Promit Mukherjee

OTTAWA (Reuters) -Thousands of Canadian small businesses face the risk of bankruptcy after the government ended pandemic-era support last month with the economy slowing at a time of high interest rates.

Small firms that employ fewer than 100 people are critical to the Canadian economy as they give jobs to almost two-thirds of the country’s 12 million private workers. A spike in bankruptcies, which jumped 38% in the first 11 months of 2023, would weigh on economic growth, lobby groups and economists warn.

Last month, small businesses faced a deadline to repay interest-free loans of C$60,000 ($44,676) made available to each of them during the pandemic. Of the 900,000 who had taken the government support, a fifth have not yet repaid their loans, Finance Minister Chrystia Freeland said on Monday. The Canadian Federation of Independent Businesses (CFIB), a small-business lobby group, estimates a quarter missed the deadline.

Katherine Cuplinskas, a spokesperson for the Finance Minister said in an emailed response that the Department of Finance did not expect there will be a negative impact on the economy on account of repayment of the loans given as support during the pandemic.

She said loan recipients have long had full information on timelines and have been able to plan accordingly.

There were about 1.2 million small businesses with employees in Canada in 2021 and contributing over a third to the country’s gross domestic product, according to the latest official data.

“There are tens of thousands, if not hundreds of thousands, of businesses that remain viable, but will not be able to outrun their debt,” Dan Kelly, CFIB president, told Reuters, adding many debts could only be repaid by borrowing at a higher interest rate from banks.

Of those who repaid, CFIB estimates that about 225,000 took out a bank loan to do so, at a time when interest rates in the country are at 22-year high.

Those who did not get a loan but missed the deadline must make regular payments for two years at 5% annual interest.

“We do anticipate… a rise in insolvencies over the next six months or so,” Stephen Tapp, chief economist at the Chamber of Commerce, said in an interview.

The Conference Board of Canada (CBC), an independent think tank, forecasts that consumer spending in 2024 on a per capita basis is expected to slump further from what was already seen last year.

CBC estimates first quarter corporate profits to nearly half to C$104.5 billion from a year ago, and the rest of the year will also be weaker than 2023 with companies hit by higher costs and drop in sales.

“Warren Buffett says when the tide goes out you see who is swimming naked,” CBC’s chief economist Pedro Antunes said. With the government support receding, the small businesses will be the ones exposed, he added.

($1=1.3430 Canadian dollars)

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/economy/canada-braces-for-possible-wave-of-business-bankruptcies-3289615

Tags: bracesbusinessCanada
Previous Post

Bank of England says rates ‘under review’ as it treads carefully on cuts

Next Post

ECB’s AI model shows inflation falling faster than expected

Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

June 10, 2025
Judge signs settlement; colleges to pay athletes – ESPN

Judge signs settlement; colleges to pay athletes – ESPN

June 10, 2025
Across China: Chinese island’s ocean-friendly changes deliver dual gains in ecology, economy – Xinhua

Across China: Chinese island’s ocean-friendly changes deliver dual gains in ecology, economy – Xinhua

June 10, 2025
How Trump’s ‘gold standard’ politicizes federal science – The Conversation

How Trump’s ‘gold standard’ politicizes federal science – The Conversation

June 10, 2025
Summer science camps for kids at Exploration Place – KSN-TV

Summer science camps for kids at Exploration Place – KSN-TV

June 10, 2025
Vivrelle raises $62 million Series C round – Fortune

Vivrelle raises $62 million Series C round – Fortune

June 10, 2025
After Copa América ‘disaster,’ FIFA is using Club World Cup to be ready for 2026 – ESPN

After Copa América Setback, FIFA Focuses on Club World Cup to Gear Up for 2026

June 10, 2025
Big 4: Drivers that will power India’s economy – The Economic Times

Big 4: Drivers that will power India’s economy – The Economic Times

June 10, 2025
Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

June 10, 2025
Texas teens face mental health crisis as majority lack services – WOAI

Texas teens face mental health crisis as majority lack services – WOAI

June 10, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (679)
  • Economy (693)
  • Entertainment (21,598)
  • General (15,304)
  • Health (9,735)
  • Lifestyle (697)
  • News (22,149)
  • People (694)
  • Politics (700)
  • Science (15,912)
  • Sports (21,196)
  • Technology (15,680)
  • World (678)

Recent News

Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

June 10, 2025
Judge signs settlement; colleges to pay athletes – ESPN

Judge signs settlement; colleges to pay athletes – ESPN

June 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version