Browsing Tag

bankruptcy

Mortgage defaults after COVID 19 could look different than 2008, says economist

The Canadian Press Jul 20, 2020

TORONTO – A Bank of Canada economist says the current economic recovery could be different than the recovery from the financial crisis of 2008. Bank of Canada Director of Financial Stability Mikael Khan said that while the employment…

Building

Online building materials firm completes refinancing, emerges from CCAA process

THE CANADIAN PRESS Mar 26, 2018

Online building materials seller BuildDirect.com Technologies Inc. says it has completed a refinancing that allows it to emerge from court protection from creditors in Canada and the U.S. five months after it was granted. The…

Building

British construction giant Carillion goes into liquidation after talks fail

THE CANADIAN PRESS Jan 15, 2018

U.K-based construction and services giant Carillion has gone into liquidation, putting thousands of jobs and millions of pounds' worth of British government contracts at risk. Carillion employs more than 6,000 people in Canada and 40,000…