Another sign of prosperity in New Brunswick

According to CIBC World Markets, when it comes to going broke, it’s all about location.

The number of people in Atlantic Canada who filed for personal bankruptcy in 2005 climbed 8 per cent from the previous year, while bankruptcies in Alberta dropped by 13.5 per cent, according to a CIBC World Markets Inc. report.

The regional disparity partly reflects the economic-growth divide in Canada, with the energy-rich West leading the charge while Atlantic Canada and the factory-dependent provinces of Ontario and Quebec continue to grapple with a strong loonie.