
OTTAWA, Dec. 15 (UPI) -- Canadian consumer and business bankruptcies fell a record 27.7 percent in October to 8,816, the federal regulator in Ottawa reported Tuesday.
The monthly decline from September levels coincided with a 15.4 percent increase in the number of credit protection proposals filed to 3,640, the Office of the Superintendent of Bankruptcy Canada said in a release.
Despite the monthly decrease, the fallout from the recession was evident from year-over-year figures on insolvencies, which include proposals and bankruptcies.
"For the 12-month period ending Oct. 31, 2009, total insolvencies increased by 31.9 percent compared [with] the 12-month period ending Oct. 31, 2008," the agency said. "This is entirely due to an increase in consumer insolvencies."
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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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