Insolvency in the News

February 24, 2023

Tax Season Has Begun In Canada — Here Are The 8 Biggest Scams To Avoid

Source: MSN

February 14, 2023

Posthaste: One in six Canadians say they are likely to default on a major loan as rate hikes pinch

Source: Yahoo Finance

February 13, 2023

One in four Canadians are unable to cover an unexpected expense of $500

Source: Statistics Canada

February 13, 2023

Nearly half of all insolvencies last year were filed by millennials: Study

Source: BNN Bloomberg

January 25, 2023

Latest rate hike could lead to ‘increased insolvencies’ in Alberta

Source: Calgary Herald

January 6, 2022

Personal bankruptcies up 16% year-over-year as Canadians battle inflation

Source: Daily Hive Canada

December 13, 2022

CRA should warn benefits applicants about risk of clawbacks: Taxpayers’ watchdog

Source: The Canadian Press

December 13, 2022

79 per cent of Calgarians concerned about poverty levels in city: report

Source: Global News

December 11, 2022

In search of an attainable New Year’s resolution

Source: VOX

December 6, 2022

Canadians look to side hustles to make up for inflation pressure, but at what cost?

Source: CTV News

December 6, 2022

Canadian consumer debt climbs 7.3% to $2.36 trillion in third quarter: Equifax

Source: Q107

December 1, 2022

What New Year’s resolutions are Canadians making for 2023?

Source: CTV

December 1, 2022

What I wish I knew before getting my first credit card.

Source: CapitalOne

November 22, 2022

Soaring costs are causing some families to reach a tipping point

Source: CTV News

November 16, 2022

How to avoid overspending when you’re online shopping this season and beyond.

Source: CapitalOne

November 14, 2022

Consumer Bankruptcies In Canada Rise 22.5%

Source: Baystreet

November 10, 2022

Insolvencies on the rise in Canada, new data show

Source: Yahoo Finance

October 25, 2022

“Winter is Coming” for Canadian Wallets – What will the Policy Rate Announcement mean for holiday spending?

Source: Yahoo Finance

October 24, 2022

‘We’re nervous. We’re concerned’: Uncertain Albertans brace for further interest rate hike

Source: Calgary Herald

September 30, 2022

How inflation, rate hikes and a looming recession could push a wave of cash-strapped Canadians to bankruptcy

Source: Toronto Star

September 23, 2022

Good terms: Understanding credit card interest

Source: CapitalOne

September 15, 2022

Rising household debt hurting Albertans

Source: City News

September 10, 2022

CANADA: ‘Payment shock’ looms as debt, interest rates climb

Source: Canadian Press

September 7, 2022

Canadians vulnerable to ‘payment shock’ as debt, interest rates climb, experts say

Source: Canadian Press

September 6, 2022

Average non-mortgage debt tops $21,000: Equifax Canada

Source: BNN Bloomberg

September 2, 2022

Alberta parents fear running up debts to cover rising school costs

Source: CTV News

August 25, 2022

The squeeze is on: What to do when creditors come calling

Source: Financial Post

August 23, 2022

Are grocery stores hiking prices to profit off inflation? Many think so

Source: CityNews

August 5, 2022

As financial conditions tighten, insolvencies rise

Source: Investment Executive

August 4, 2022

Half of Canadians in debt and lacking emergency funds, survey finds

Source: The Squamish Chief

August 1, 2022

Credit card balances: minimum payment increases begin in Quebec

Source: CTV News

July 29, 2022

Higher prices hit different for young people

Source: National Observer

July 27, 2022

6 tips for managing money when you’re self-employed

Source: Financial Post

July 26, 2022

What is the profile of a typical insolvent Canadian?

Source: Wealth Professional

July 23, 2022

Where have all the workers gone? Don’t blame COVID, economists say

Source: CBC

July 22, 2022

Canadians’ debt concerns surge amid rising rates

Source: Canadian Mortgage Professionals

July 13, 2022

Alberta homeowner faced with roadblock of someone else’s debt

Source: Global News

July 11, 2022

Canadian Consumer Insolvencies Are On The Rise, But Still Below Typical Levels

Source: Better Dwelling

July 6, 2022

Cracks in pandemic recovery to weigh on Canadian household finances, study says

Source: CP24

May 9, 2022

Forget Credit Score. Did You Know You Have A Bankruptcy Score?

Source: Hoyes Michalos

Apr 13, 2022

Big 5 banks swiftly pass on Bank of Canada hike to borrowers

Source: BNN Bloomberg

Apr 13, 2022

Bank of Canada delivers jumbo rate hike with more to come

Source: BNN Bloomberg

Mar 28, 2022

Better double-check your tax return if you’ve been using the CRA’s Auto-fill

Source: Financial Post

Mar 10, 2022

Here’s what you can do about the ever-increasing prices at the grocery store and gas station

Source: Financial Post

Mar 10, 2022

Opinion: Poverty, power and the skyrocketing cost of utilities

Source: Calgary Herald

Mar 8, 2022

Alberta leads country in highest average debt and delinquency rate for final quarter of 2021

Source: CBC

Mar 3, 2022

Canadians in debt caught with pants down, seek loans from family, friends, banks – shy away from spouses

Source: Financial Post

Feb 23, 2022

35% of Canadians say rising interest rates could push them to bankruptcy

Source: Daily Hive

Feb 15, 2022

Insolvent Canadians are carrying the most unsecured debt since 2016

Source: WealthProfessional

Feb 14, 2022

End to interest relief on pandemic benefits could lead to more insolvencies

Source: Advisors Edge

Feb 14, 2022

Hoyes Michalos Bankruptcy Study

Source: Hoyes Michalos

Feb 4, 2022

Insolvencies declined in 2021

Source: Advisors Edge

Jan 22, 2022

Albertans’ confidence in personal finances plummets in 2021: Surveys

Source: Edmonton Journal

Jan 21, 2022

Debt-strapped Canadians brace for a risky rate-hiking cycle

Source: BNN Bloomberg

Nov 5, 2021

Canada’s job gains shift into low gear

Source: Financial Post

Nov 5, 2021

Almost 90,000 seniors facing guaranteed income supplement cut for accepting pandemic benefits

Source: CBC News

Oct 25, 2021

Forget payday loans, this is Canada’s new generation of high-interest loans

Source: Global News

Oct 21, 2021

Feds letting aid expire, replacing with programs for hardest hit

Source: BNN Bloomberg

Oct 8, 2021

Where the CRB ends: Economists watch labour market, GDP as pandemic beenefits wind down

Source: Financial Post

Oct 7, 2021

Who’s Filing Bankruptcy in Their 30’s and Why?

Source: Hoyes Michalos

Oct 1, 2021

End of CRB and EI to cause major risks for consumption rates, financial outlook: Economist

Source: BNN Bloomberg

Aug 12, 2021

Client insolvencies delayed during the pandemic are beginning to climb

Source: Wealth Professional

July 28, 2021

Report finds nearly half of Canadians concerned about going into pandemic-related debt

Source: Lethbridge News

July 19, 2021

Nearly half of Canadians doubtful they can cover living expenses this year without going into further deb

Source: Financial Post

June 17, 2021

The CRA gives a chilling assessment on accidental TFSA overcontributions

Source: Financial Post

June 15, 2021

If a debt is outstanding, but not enforceable in court… is it really a debt?

Source: WeirFoulds LLP

June 14, 2021

53% of Canadians on the brink of insolvency: MNP survey

Source: BNN Bloomberg

May 31, 2021

New Canadian mortgage ‘stress test’ rules take effect June 1

Source: CTV News

May 15, 2021

From takeout to gas prices, how to protect yourself from rising inflation

Source: Global News

May 13, 2021

Consumer insolvencies in March spike to highest level in a year

Source: Advisor’s Edge

May 7, 2021

Canada’s economy lost 207,000 jobs last month

Source: CBC

April 18, 2021

COVID-19: Insolvency trustees signal warning about post-pandemic financial stress

Source: Vancouver Sun

Jan 30, 2021

Canadians deserve better’: Experts decry ‘outrageous’ interest rates by alternative lenders

Source: CBC