Canadian Business Insolvencies Surged 87% Higher In Q1

Canada’s increasingly hostile business environment is starting to show up in the data. Office of the Superintendent of Bankruptcy (OSB) data shows a sharp increase for business insolvencies in Q1 2024. A weak consumer combined with a soaring cost of doing business has led to a surge in businesses seeking protection from creditors. Experts warn […]

Canadian Consumer Insolvencies Jump Over 22% Higher, Still Below 2019-Levels

Canadian households are facing a trifecta of problems—rising rates, soaring inflation, and lots of debt. Office of the Superintendent of Bankruptcy Canada (OSB) data predictably shows rising insolvencies for September. However, even with a sharp climb, insolvency filings have yet to reach 2019 levels. Households are increasingly feeling the pressure of debt, but we’re still […]