Canadian credit problems continue to emerge, conflicting with the narrative of improvement. Office of the Superintendent of Bankruptcy Canada (OSB) data shows insolvency filings climbed in June. The month marked the sixth straight year of growth, and the second-most filings on record. What Are Insolvencies? Just so we’re all on the same page, let’s talk […]
Canadian consumer insolvencies are rising fast, but nowhere are they rising quite like in Ontario. Office of the Superintendent of Bankruptcy Canada (OSB) filings rose in May. They’re rising so fast that Ontario just saw its second-highest number of May filings on record, only behind the 2009 Global Financial Crisis. Ontario Consumer Insolvencies Hit Second-Highest […]
Canadian insolvency filings improved last year, but that progress is rolling back. Office of the Superintendent of Bankruptcy Canada (OSB) data shows insolvency filings climbed in May. Both consumer and business insolvencies are on the rise once again, and they’re both at historically elevated levels. Canadian Insolvency Filings Hit 4th-Highest May On Record Canadian total […]
Canadians are among the most indebted in the world, but managed to avoid signs of stress—until now. Office of the Superintendent of Bankruptcy (OSB) data shows insolvencies surged in April. Filings for the month just hit the second-highest level on record, driven by consumers. About Today’s Data Today we’re looking at total insolvencies, both consumer […]
Canada has some of the most highly indebted households in the world, and they may be approaching their breaking point. Office of the Superintendent of Bankruptcy (OSB) data shows December was one of the busiest in years for consumer insolvencies. The year ended with the most filings since 2009, growing at a pace similar to […]
Canada’s economy is beginning to normalize, including the number of businesses filing for insolvency. According to Office of the Superintendent of Bankruptcy (OSB) data, business insolvencies remain lower than pre-pandemic levels. Though in Q4 2021, there’s been a sudden surge of filings making up for lost time, rising at the fastest rate in 36 years. […]
