This just in: Personal bankruptcies in Canada up 57% in March from a year earlier.
There were 10,578 personal bankruptcies filed during the month, up from 6,736 in March 2008, acording to the federal Office of the Superintendent of Bankruptcy.
On a monthly basis, consumer insolvencies were up 17.3% in March, from 9,020 in February.
I suspect bankruptcies are a lagging indicator - one of those stats that continue to haunt us even after the economy has turned the corner. Anyone know for sure?