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Decentralized Democracy

House Hansard - 294

44th Parl. 1st Sess.
March 22, 2024 10:00AM
Context: House Hansard - 294 - Mar/22/24
Ms. Nathalie Sinclair-Desgagné (Terrebonne, BQ)
  • Mar/22/24 11:55:32 a.m.
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Madam Speaker, we knew that the January deadline for paying back the Canada emergency business account without penalty was threatening the survival of our SMEs. We did everything we could to warn the government. Now it is reaping what it sowed. The Office of the Superintendent of Bankruptcy reported that the number of insolvency cases climbed by 129% in January. January 2024 was the worst month on record since the office was established 40 years ago. We are seeing a wave of bankruptcies because of the intransigence of this visionless government. What is it going to do today to stop the bleeding?
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Context: House Hansard - 294 - Mar/22/24
Ms. Nathalie Sinclair-Desgagné (Terrebonne, BQ)
  • Mar/22/24 11:56:41 a.m.
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Madam Speaker, let us talk numbers. In 2023, Equifax had already reported a 44% increase in business bankruptcies. Based on the January 2024 data, this year will be even worse. No one in the House should consider that acceptable. The government has to be flexible with businesses. It needs to talk to them directly and examine files on a case-by-case basis. It cannot continue to be there just for the sake of it and do nothing as companies go bankrupt. When will it finally open its eyes and take responsibility for preventing bankruptcies?
95 words
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