Insolvency

• 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
  
• 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
  
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• 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
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• 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
• 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
• 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
• Many Canadians will turn to debt when government benefits run out, survey suggests

  The survey found that among respondents currently receiving benefits due to the coronavirus pandemic, 45 per cent will take on more debt in the event that financial support ends.

  Canada

  Sep 16, 2020
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• Insolvency, bankruptcy rates up in Saskatchewan: MNP report

  The MNP Consumer Index Report indicates 45 per cent of people in Saskatchewan believe they can't cover their expenses in 2020 without going deeper into debt

  Money

  Jan 27, 2020
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• More Albertans suffering in insolvency silence

  With more Calgarians delinquent in debt payments, and insolvencies reaching their highest point in the city since 1998, the need to talk about debt has reached a high mark.

  Money

  Jun 11, 2019