Insolvency

• Canada saw 375 insolvencies per day in 2024, a 15-year high

  The CAIRP says that businesses and consumers should expect continued pressure in 2025 amid potential tariffs and mortgage renewals.

  Economy

  Feb 5
  
• Struggling with money? What you can do to tackle mounting debt

  Consumer debt is rising in Canada. If you're feeling the squeeze, here a some steps you can take to start getting your finances in line.

  Consumer

  Jul 12, 2024
  
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• Insolvencies to remain high in Canada as economy plays catch-up: experts

  Business insolvencies will likely remain elevated throughout 2024, experts said, as the economy plays catch-up after historically low levels during the pandemic. 

  Money

  Mar 11, 2024
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• Insolvency filings surged in January amid higher interest rates, inflation

  The federal regulator says there were 9,066 insolvencies for the first month of the year, up 33.7 per cent from 6,779 in January 2022.

  Money

  Mar 1, 2023
• British Columbians’ debt anxiety mounting amid inflation, interest rate hikes: surveys

  One survey from MNP Ltd. found two in five British Columbians were $200 or less from insolvency.

  Economy

  Jan 16, 2023
• Debt worries rise amid higher interest rates and persistent inflation: MNP report

  A new report suggests Canadians' worries about debt are rising amid higher interest rates and persistent inflation.

  Consumer

  Jan 16, 2023
• Rising interest rates, high household debt to spur ‘payment shock’ for Canadians

  Variable-rate debt is getting more expensive to carry as the Bank of Canadas hikes its benchmark interest rate, which could lead to financial pain for heavily indebted households.

  Money

  Sep 7, 2022
• What would you do with $5,000? Here’s what Canadians said amid high inflation

  Most Canadians are more concerned with saving and paying down debt amid rising interest rates and inflation than buying a big-ticket item, new polling shows.

  Money

  Aug 22, 2022
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• DavidsTea takes step toward exiting insolvency after Quebec Superior Court approves plan

  Approvals would mean the Montreal-based company would exit court protection from creditors in both countries later this summer.

  Canada

  Jun 16, 2021
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• Over half in Saskatchewan close to insolvency: report

  A pair of reports are painting a not-so-pretty picture of personal finances in Saskatchewan.

  Canada

  Oct 18, 2020