Our provincial government continually crows about how well our economy is doing --- but how accurate is that?? Just a few short days ago the statistics department for the government of BC announced there were 378 consumer bankruptcies in July – a 26.8% year over year increase . Along with that, business bankruptcies climbed 166.7%. This past Spring, there were 335 bankruptcies filed by consumers in British Columbia in April, a slight (-6.2%) decrease from the same month of 2018. Meanwhile, the number of business bankruptcies was unchanged. One month later? In May there were 375 bankruptcies filed by consumers in British Columbia in May … and the number of business bankruptcies was higher, climbing 16.7% to seven. I don’t know about how you feel, however bankruptcy numbers to me would be a strong indication of how well the economy is doing, or not doing. From the numbers I just indicated, that doesn’t give me confidence in t...
A discussion on political, economic and social issues in British Columbia, and Canada