Debt

• Bank of Canada says households struggling, economy vulnerable to shocks

  The global economy is 'volatile' and 'vulnerabilities' exist that could expose Canada to potential shocks on multiple fronts, the central bank's report says.

  Economy

  May 28
  
• Consumer insolvencies highest since 2009 as Canadians struggle with debt

  This is the highest volume of Canadians filling for insolvencies since the first quarter of 2009, when the Canadian economy was reeling from the aftershocks of the 2008 recession.

  Economy

  May 11
  
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• Almost four in 10 Canadians took on more debt last year, survey shows

  Almost one in four Canadians said their debts increased in the last year and more than half said their financial commitments have increased their stress levels.

  Money

  Nov 28, 2025
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• Buy now, pay later: A help or a hindrance?

  'A lot of people are actually needing to turn to these services, to buy groceries, to pay for food, pay for clothing,' Pearl Irabor with the Credit Counselling Society said.

  Money

  Oct 17, 2025
• Canadians facing higher costs, more debt

  Rising cost of living and flat wages are pushing more Canadians to rely on credit debt and food banks just to get their essentials.

  Consumer

  Jul 17, 2025
• 3 in 5 British Columbians concerned about repaying debt, despite interest rate cuts: poll

  Sixty-seven per cent of those polled by Ipsos, on behalf of MNP, said they desperately need interest rates to go down, despite two consecutive interest rate pauses.

  Economy

  Jul 14, 2025
• More Canadian youth are taking on debt — and low wages mean many can’t pay

  There's a rising number of youth aged 18 to 25 who are missing debt payments as they struggle with the cost of living combined with low wages at new jobs.

  Canada

  May 28, 2025
• Canadians are banking on tax refunds amid ‘staggering’ debt

  As recession fears loom, a 'staggering' number of Canadians say they are in financial debt and many are banking on their tax refunds to pay that down, according to a recent poll.

  Money

  Apr 16, 2025
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• ‘Financially paralyzed’: Half of Canadians living bill-to-bill, poll finds

  Nearly half added they could no longer afford to maintain their standard of living, while nearly a third said their finances were in a constant state of chaos.

  Economy

  Jan 23, 2025
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• Half of Canadians $200 or less away from not being able to pay bills: poll

  Interest rate cuts from the Bank of Canada last year have not swayed how Canadians are feeling about their debt heading into 2025, a new poll released Monday suggests.

  Money

  Jan 13, 2025