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 […]
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 […]
