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Central Welding and Iron Works is bankrupt, The Nugget has learned.
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There’s no question that using a credit card to finance your purchases can be a convenient route to take. After all, all you have to do is swipe your card if you want to stretch out your payments and earn rewards while doing so. But while using a credit card may be a simple way to pay, it’s also one of the least affordable financing options to use, especially if you’re not paying off your balance in full each month. Doing that isn’t a feasible option for every cardholder, though — especially in today’s tough economic…
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Este artículo estará disponible en español en El Tiempo Latino.
As President Donald Trump has sought to secure rights to Ukraine’s minerals as compensation for U.S. aid to fight the Russian invasion, he has repeatedly overstated the amount of aid provided by the U.S. compared with Europe and exaggerated the extent to which European assistance – unlike U.S. aid — is in the form of guaranteed loans.
“Europe has given $100 billion. The United States has given $350 billion,” Trump said at the Conservative Political Action Conference on Feb. 22. “But here’s worse — Europe gave it in the form of a loan, they get their money back. We gave it in the form of nothing, so I want them to give us something for all of…
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The National Assembly has approved the 2025 Medium-Term Debt Management Strategy after delaying it for two weeks due to delays in reconstituting the Budget and Appropriations Committee.
The delay came as Members of Parliament sought to ensure thorough scrutiny of the Debt Management Strategy, which plays a crucial role in shaping the country’s fiscal policy.
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The local company had employed 50 people; it’s unclear whether they will receive severance
Published Mar 05, 2025 • Last updated 21 hours ago • 2 minute read


Central Welding and Iron Works is bankrupt, The Nugget has learned.
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The North Bay business has a list of creditors worth millions they have to pay back, including the Northern Ontario Heritage…
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Bankruptcy proceedings were initiated in recent months, and court documents show Central Welding was legally declared bankrupt on Feb. 15 in the Ontario Superior Court of Justice
A North Bay company in operation for decades has been deemed bankrupt by the court, and its approximately 50 employees have been let go with severance and pension packages in doubt.
Central Welding & Iron Works, located at 1811 Seymour St. in North Bay, was founded in 1980 by Gail and the late Stefan Thomsen, but the family has been in the business since the 1950s. The company billed itself as a world-class bridge fabricator and experienced much business success over the decades. Thomsen passed away in 2021, and the company holdings remained under…
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Leases for Joann fabrics stores in CT head to auction as company begins liquidation process CT Insider
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What happens now for Brindabella Christian College students and staff The Canberra Times
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Published Mar 06, 2025 • 4 minute read


The Cape Breton Regional Municipality is changing the way it can manage its longstanding debt.
The municipality’s current debt is around $69.8 million — much better than it was prior to the 2020 municipal election, when it was registered around the $145 million mark, says the CBRM’s chief financial officer, Jennifer Campbell.
Early on under the previous administration, the province’s Department of…