An involuntary bankruptcy against Mexico’s TV Azteca has been dismissed, with a bankruptcy-court judge saying that the multimedia conglomerate and its bondholders are involved in a dispute that must play out in U.S. district court, WSJ Pro Bankruptcy reported. TV Azteca had been sued over missed payments to bondholders in a case in district court, and then earlier this year an involuntary bankruptcy petition was filed by a group of bondholders in bankruptcy court.

A Nova Scotia home heating fuel company that filed for bankruptcy last week has accused an accounting firm of negligence, saying it was hit with a "crippling shortfall" of nearly $10 million after being led to believe it was making money, CBC.ca reported. Maritime Fuels Ltd. declared bankruptcy last week, leaving in the lurch an unknown number of customers who had prepaid for their winter home heating fuel.

Consumer prices in Canada rose at the slowest pace since June, a reassuring sign for central bank policymakers that rates are now high enough to significantly cool inflation pressures, Bloomberg News reported. The consumer price index increased 3.1% in October from a year ago, following a 3.8% increase in September, Statistics Canada reported Tuesday in Ottawa. That matched the median estimate in a Bloomberg survey of economists. The deceleration was largely a result of lower prices for gasoline, while the largest contributors to the increase remain mortgage interest cost, groceries and rent.

After several years of persistently low commodity prices driving a wave of corporate insolvencies, bankruptcy professionals in Alberta say that it's become increasingly rare to see these companies fail, CBC.ca reported. The financial rebound is providing relief for the province's orphaned-well problem. Fewer companies becoming insolvent means fewer companies abandoning their assets, which can become environmental and safety hazards. When a single company fails, it can result in thousands of oil and gas wells, in addition to hundreds of facilities and pipelines, that no longer have an owner.

Canada's financial watchdog said on Monday it was seeking feedback on the public disclosure of cryptocurrency assets by federally regulated financial institutions, joining global regulators in ramping up scrutiny on the volatile sector, Reuters reported. The consultation by Canada's Office of the Superintendent of Financial Institutions (OSFI) comes after the agency in July proposed new guidelines for crypto assets citing a risky environment.

Monetary policy in Canada wouldn’t be as restrictive if elected officials had restrained their spending in recent years, according to economists at the Bank of Nova Scotia, Bloomberg News reported. Roughly 200 basis points of interest rate tightening stems from the combined program spending and consumption by Canada’s federal and provincial governments since the pandemic, Scotiabank economists Jean-François Perrault and Rene Lalonde wrote in a report to investors.

Canadian home sales fell in October by the most in 16 months as higher borrowing costs continued to keep buyers on the sidelines, data from the Canadian Real Estate Association (CREA) showed on Wednesday, Reuters reported. Canadian home sales fell 5.6% in October from September, the fourth straight month of declines and the biggest since June 2022. On an annual basis, without adjustment for seasonal variation, sales were up 0.9%. "We're only in November, but it appears many would-be home buyers have already gone into hibernation," Larry Cerqua, Chair of CREA, said in a statement.

Iconic furniture retailer Lastman’s Bad Boy could be clearing out its inventory as the Canadian company “is in financial crisis” according to filing under the Bankruptcy and Insolvency Act, Insauga.com reported.

Mexico's central bank governor said in a newspaper interview published on Monday that easing inflationary pressure meant the Bank of Mexico could start looking at gradually cutting its key interest rate, but that it was unlikely to happen this year, Reuters reported.

As Canada's economy enters a period of sluggish growth, the big banks are looking to fortify their balance sheets against rising bad debts, but instead of tapping shareholders for funds, the lenders are expected to sell non-core assets and cap dividends, fund managers and analysts said, Reuters reported. With the economy slowing and adding fewer jobs, banks are anticipating more consumers could default on credit-card payments and mortgages, hurting profits.