finances

Canadian businesses face rising debt, payment stress: Equifax

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Average commercial debt per business rose 7.3 per cent year-over-year to $30,581, while the 60-plus-day delinquency rate on financial credit products reached 4.0 per cent, its highest level since 2019 and a 19.7 per cent increase from a year earlier.

Nearly two-thirds of working Albertans feel less financially secure than a year ago: Money Mentors

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62 per cent of working Albertans feel less financially secure than they did a year ago, compared with 49 per cent nationally. Only 14 per cent said they are more financially secure.

Canadians feeling effects of recession before it was confirmed: Harris & Partners

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95.2% of Canadians say rising costs have impacted their finances.

Household net worth rises in the face of volatile equity markets: Statistics Canada

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On a per capita basis, household net worth increased from $442,896 to $448,433 in the first quarter of 2026.

Survey reveals Canadians have reached breaking point: Harris & Partners

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57.3% of respondents said their income did not cover basic expenses including rent, food, and bills.

Survey finds most Canadians changing spending habits amid rising living costs: Harris & Partners

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94.2 per cent said economic factors including inflation and interest rates are affecting their financial plans, while 93.6 per cent reported that rising day-to-day costs are putting pressure on their finances.

Canadians experiencing ‘financial whiplash’ as economic uncertainty persists: MNP

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61% say they are experiencing ‘financial whiplash’ as shifting conditions repeatedly disrupt their financial plans, while 74% say rising prices for essentials like food and gas are straining their finances. 

Consumer insolvencies reach second-highest annual level on record in 2025 as business filings fall

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Consumer insolvencies rose 2.3 per cent last year from 2024 to 140,457 filings.

VIDEO: Canadian consumers holding steady but under strain as debt and uncertainty persist: Economist Todd Hirsch

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Household debt is a growing concern, particularly among consumers relying on high-interest credit cards to cover essentials such as food and fuel.

1 in 3 Canadians going on fewer dates due to economic conditions: TD survey

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The current economic climate is also influencing pillow talk, with 1 in 4 Canadians (25%) polled now prioritizing financial transparency earlier in their relationships.

Money anxiety surges in Canada as households drain savings to stay afloat: Harris & Partners

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78.7% of Canadians have had to dip into their savings more frequently than before, says a Harris survey.

Equifax Canada: Delinquency levels stabilize in Q2, but financial divide widens among Canadians

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In Q2 2025, close to 1.4 million Canadians missed a credit payment — 7,000 fewer than last quarter – but still 118,000 more than a year ago, said Equifax.

Personal finance concerns rising significantly: BMO survey

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Nearly one quarter (24%) reported in April they are increasingly concerned about the prospect of losing their job, says BMO.

MNP Consumer Debt Index Q2 2025: Canadians see financial relief as debt concerns ease amid lower interest rates

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Reflecting Canadians’ shift toward financial caution, three-quarters (74%) say they have cut back on spending due to uncertainty, with women (77%) and those aged 35-54 (81%) being the most likely to have reduced spending, said MNP.

Canadians struggle to manage obligations amid financial pressures

Mario Toneguzzi -
Rising debt levels contributing to increasing financial pressures for Canadians.
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