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September 4, 2015

Peterborough tackles its crippling debt

Peterborough Bishop William McGrattan, right, credits his predecessor, Bishop-emeritus Nicola De Angelis, with getting the diocese’s debt under control. The $14-million debt will be eliminated in the spring.

After 12 years of belt tightening, the Diocese of Peterborough is poised to pay off a near-crippling $14-million debt.

Published in Canada