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Tag: consumer debt

Canada

Canadian Insolvencies Rise To 2010-Levels As Bankruptcies Soar

August 7, 2025

Canadian consumers have become world-renowned for their ability to juggle astronomical amounts of debt. Those days are coming to an end, as insolvencies ripped higher in June, according to the Office of the Superintendent of Bankruptcy (OSB). It was the highest volume for the month since 2010, but the quantity isn’t the only issue—the type […]

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Canada

Canadians Add An Average of $187,000 Per Minute To The Household Debt Balance

September 10, 2018

Canadians are racking up a whack of debt, especially for real estate. That appears to be coming to an end, and fast.

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Canada

Canadian Consumer Credit Accelerates The Fastest Since 2010

Canadian Consumer Credit Accelerates The Fastest Since 2010
September 20, 2017

Record piles of debt? Apparently we haven’t seen anything yet, as the Bank of Canada shares data showing this trend is accelerating.

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