
OTTAWA, July 7 (UPI) -- The year-over-year rate of overall bankruptcy filings in Canada jumped 31 percent in May, the Office of the Superintendent of Bankruptcy reported Tuesday.
In all, there were 10,364 bankruptcy filings, 9,900 by consumers and 464 by businesses in the country of 33.5 million people, the report said.
Consumer bankruptcies were 34.4 percent higher than May of last year, which was tempered by 16.2 percent fewer business failures, the report said.
By region, oil-rich Alberta has seen an 82.4 percent hike in all bankruptcies in the 12 months to May, led largely by personal insolvencies.
By sector, the agriculture, forestry, fishing and hunting failure rate was up 30 percent for the 12-month period, followed by hikes in mining and retail bankruptcies, the agency said.
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WASHINGTON, Feb. 10 (UPI) --
The Nuclear Regulatory Commission approved the construction of two new nuclear reactors, the first to be built in the United States since 1978.
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ISLAMABAD, Pakistan, Feb. 10 (UPI) --
The last three of 18 new and upgraded F-16 fighter jets from the United States arrived in Pakistan, a report by the Indo-Asian News Service said.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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