>Some 37,121 Canadians filed for insolvency in the first quarter of 2026 — the highest number of consumer insolvencies since 2009, when North America was reeling from the financial crisis.
>However, the population now is higher than it was in 2009. Insolvency trustee Doug Hoyes says when that population growth is factored in, the rates of insolvency are much lower than 2009 levels.
Sufficient-Tutor-922 on
Idk bro ive been hearing this for awhile , essepiecally in bc , every year for at least 5 years theres articles saying some ridiculous amount of people are 25 bucks away from defaulting.
Not saying it isnt bad , but I dont really beleive these doom sales every time they come out .
Little-Somewhere6076 on
Apparently not on a per capita basis
Ok_Possession_6508 on
Taxes are too high and cost of living is too high. Taxes NEED to be cut
RedBands619 on
33 million adults in Canada.
37,000 insolvencies in 1st quoter.
Thats 0.112% of adults (x4…for all quarters) is 0.448% of adults.
Your Honor, I. DECLARE. BANKRUPTCY! I am hereby raising my elbows as far high as I possibly can and bending over and grabbing my ankles and admitting defeat. What’s the next step please?
jlee225 on
you’re richer than you think…./s
BethSaysHayNow on
…And Why That’s A Good Thing
Psychological_Neck97 on
People going into debt just living . Keep voting liberal .
Elite163 on
Seems like things have shifted since 2015….. odd
orbitur on
The headline is bait, bordering on dishonest. The rate of bankruptcies is still lower than 2009, but the „raw number“ is higher because of population growth.
Still bad that the number is going up obviously, but this is pretty low engagement bait from the CBC. I expect better.
WKZ204 on
I find that it is mostly the young people who are struggling.
throwitawayorsome on
apparently not. they voted the fucking idiots in again and they have incredibly high approval ratings despite their terrible budget and lack of change so far.
friendly-techie on
B…but affordability is the best it has been in a decade said Carney. Wages are growing twice the rate of inflation said Carney. He never lies, right?
friendly-techie on
20 point bump coming in for Carney!
nananananay on
For people blaming Carney and the libs, serious question here that I’m sure a lot of people are wondering:
Honestly, what would the conservatives do differently?
Receedus on
Yes we are. Ffs I can barely afford rent yet alone to fix my car. Its only getting worse.
WillListenToStories on
Tax the Rich! Tax the Rich!
modsaretoddlers on
Well, d’uh. But if we were actually at our breaking point, which is coming up fast, by the way, you wouldn’t need a news article of any kind to tell you about it.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
21 Kommentare
>Some 37,121 Canadians filed for insolvency in the first quarter of 2026 — the highest number of consumer insolvencies since 2009, when North America was reeling from the financial crisis.
>However, the population now is higher than it was in 2009. Insolvency trustee Doug Hoyes says when that population growth is factored in, the rates of insolvency are much lower than 2009 levels.
Idk bro ive been hearing this for awhile , essepiecally in bc , every year for at least 5 years theres articles saying some ridiculous amount of people are 25 bucks away from defaulting.
Not saying it isnt bad , but I dont really beleive these doom sales every time they come out .
Apparently not on a per capita basis
Taxes are too high and cost of living is too high. Taxes NEED to be cut
33 million adults in Canada.
37,000 insolvencies in 1st quoter.
Thats 0.112% of adults (x4…for all quarters) is 0.448% of adults.
The exact same rate as 2015.
https://ised-isde.canada.ca/site/office-superintendent-bankruptcy/en/statistics-and-research/annual-consumer-insolvency-rates-province-and-economic-region
Elbows up.
But affordability has never been better?
Your Honor, I. DECLARE. BANKRUPTCY! I am hereby raising my elbows as far high as I possibly can and bending over and grabbing my ankles and admitting defeat. What’s the next step please?
you’re richer than you think…./s
…And Why That’s A Good Thing
People going into debt just living . Keep voting liberal .
Seems like things have shifted since 2015….. odd
The headline is bait, bordering on dishonest. The rate of bankruptcies is still lower than 2009, but the „raw number“ is higher because of population growth.
Still bad that the number is going up obviously, but this is pretty low engagement bait from the CBC. I expect better.
I find that it is mostly the young people who are struggling.
apparently not. they voted the fucking idiots in again and they have incredibly high approval ratings despite their terrible budget and lack of change so far.
B…but affordability is the best it has been in a decade said Carney. Wages are growing twice the rate of inflation said Carney. He never lies, right?
20 point bump coming in for Carney!
For people blaming Carney and the libs, serious question here that I’m sure a lot of people are wondering:
Honestly, what would the conservatives do differently?
Yes we are. Ffs I can barely afford rent yet alone to fix my car. Its only getting worse.
Tax the Rich! Tax the Rich!
Well, d’uh. But if we were actually at our breaking point, which is coming up fast, by the way, you wouldn’t need a news article of any kind to tell you about it.