Behind the bluster, politics and prescriptions for Canada’s ailing economy are 36,256 stories about the toll financial stress is taking on the people of this country.
That is the number of consumer insolvencies filed between July and September this year, 29 per cent above the four-year average for the same period, according to the Canadian Association of Insolvency and Restructuring Professionals (CAIRP). The accelerating numbers of Canadians who can no longer pay their creditors is a stark measure of the times.
Once the Mob has its hooks in you they don’t let go easily. Expect gambling revenue to become an ever larger source of government funding.
