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ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

November 15, 2019 | Canadian Insolvency Leaping

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Credit bubbles take an elevator up an escalator down. The escalator is now accelerating in Canada even as interest rates and unemployment remain near all-time lows. This suggests that our financial crunch is only getting started, and not just in Alberta.

Canada is on track this year to record the largest increase in consumer insolvency filings in a decade and the first increase in business insolvencies since 2001, says a national association of insolvency and restructuring professionals. Here is a direct video link.

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November 15th, 2019

Posted In: Juggling Dynamite

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