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

7
Share Your Thoughts

avatar
6 Comment threads
1 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
6 Comment authors
Thomas TassDave AllsoppBrian DouganNancyWjim Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Don Taylor
Guest
Don Taylor

Canadians better start waking up to the disastrous Turdeau Govt,while they still can ,they are purposely trying to destroy canada in favor of the Globalists

Dave Allsopp
Guest
Dave Allsopp

Agreed! The agenda will continue right through the election in October and if the LPC loses, it will go underground just as it did with Obama and company in the US!
We also need to watch the incoming government very closely to be vigilant of the ultra-progressive Conservatives (if they win) that are CINO!!
We need to get any and all info possible on the Privy Council as well!

jim
Guest
jim

Sunny ways all the way to bankruptcy…

NancyW
Guest
NancyW

This must be making the LIEberal/ndp/greens happy, their lies are working for them, 32,200 bankruptcies in three months with all the so said, newly created jobs? It would be interesting to know, how many were self employed, or lost their job and went bankrupt? But then too much truth would come out, I also didn’t know this until my daughter told me that she knows a lot of people who should be really well off they hold really well paying responsible jobs and are using all their money on drug addictions and loose everything to this sad state of affairs,… Read more »

Brian Dougan
Guest

Trudeau and Morneau laughing hysterically: “BRAHAHAHAHA!!!….Most Canadians are such huge suckers. They’ll fall for anything!!!”

Dave Allsopp
Guest
Dave Allsopp

I just wish that your articles could be implanted in libtard brains automatically! ‍♂️

Thomas Tass
Guest
Thomas Tass

The Liberal Party is doing all it can to destroy the economy, screw up the justice system and turn people against each other. Their aim is to “fix it” with socialist plans once the bottom falls out. Just like the leadership of PRC that the dear leader of the Party admires so much.