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Canada’s highly indebted households are starting to crack under the pressure. Office of the Superintendent of Bankruptcy (OSB) data shows insolvencies climbed in March. Now at a 17...
37,121 Canadians sought insolvency protection in Q1 as debt, living costs and uncertainty took a toll
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.
Trade exposure still leaves firms vulnerable
TORONTO — A new report from Equifax Canada says insolvency volumes have risen to the highest level since 2009 amid escalating financial strain on homeowners. The firm’s first-quart...
Mortgage holders face steepest pressure as delinquencies surge in Ontario and BC
Canadian consumers are getting crushed by their epic debt, and Ontario is ground zero. Office of the Superintendent of Bankruptcy (OSB) data shows consumer insolvencies in the prov...
Financial pressure is increasingly visible among homeowners, says Equifax
A new report from Equifax Canada says insolvency volumes have risen to the highest level since 2009 amid escalating financial strain on homeowners.
Bank of Canada stress tests clear lenders even as household insolvencies surge
If your company is grappling with higher costs, shrinking profit margins, or too much debt on the balance sheet, you are not alone. In the United States, bankruptcy filings reached...
A new study shows that 41% of Canadians believe bankruptcy is a moral failing, at a time when insolvencies are at their highest level since the financial crisis of 2008. The post C...
According to data from Epiq AACER released by the American Bankruptcy Institute in February 2026, commercial Chapter 11 filings in January 2026 increased 76% over filings recorded...
A new poll exposes the 30-point empathy gap in how Canadians judge insolvency
Canadian mortgage delinquencies are rising. As reported last week, the latest CBA arrears rate hit 0.28% in February, double the record lows over the past 4 years. It hasn’t surpri...
TORONTO — The broad picture of household finances indicates that Canadians are generally managing through the upheavals of tariffs, a soft job market, inflation and other headwinds...
The company, which boasts 17 showrooms and nine distribution centres across the country, was granted an order that gives them more time to find a buyer or to restructure.
Suppliers, landlords, and an insurer challenge the retailer’s path through creditor protection
The Canadian economy just got another warning—businesses are closing at one of the fastest rates on record. Statistics Canada (StatCan) data shows business closures surged in Janua...
Alternative lenders posted the highest levels of overdue mortgages in the latest data
Six straight quarters of decline signal weakening small business confidence nationwide
CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) — Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) advises that its subsidiary, Arctic Canadian Diamond Company Lt...
Canada just saw one of its biggest months on record for new businesses, but just as many shut down. Statistics Canada (StatCan) data shows the number of active businesses fell in F...
Ontario’s real estate woes are quickly turning into one of the worst downturns in the province’s history. Canadian Bankers Association (CBA) data shows mortgages in arrears surged...
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