Why a Detroit-style bankruptcy is unlikely in Canada

by | Filed in: News Stories Reports and Studies

“While Canadian cities have a number of funding hurdles to overcome on the horizon, the possibility of a Detroit-style bankruptcy of a Canadian municipality is unlikely.

That’s the conclusion of a report by CIBC economic Warren Lovely, released Thursday, that looked at a number of metrics to gauge the overall health of Canadian municipalities.”

 

 

To read the full article on the CBC click here.

To read the study click here.

About Centre for Civic Governance

The Centre for Civic Governance works to support community leadership meeting today’s social and environmental challenges: climate change, Canada’s increasing equity gap, and shifting social trends. At the Centre for Civic Governance, our goal is to strengthen Canadian communities through sharing best practices, providing tools for locally elected leaders, and progressive policy analysis. We strive to provide knowledge and information to make real and positive social change.