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

Mario Toneguzzi -
Consumer insolvencies rose 2.3 per cent last year from 2024 to 140,457 filings.
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VIDEO: Canadian consumers holding steady but under strain as debt and uncertainty persist: Economist Todd Hirsch

Mario Toneguzzi -
Household debt is a growing concern, particularly among consumers relying on high-interest credit cards to cover essentials such as food and fuel.
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1 in 3 Canadians going on fewer dates due to economic conditions: TD survey

Mario Toneguzzi -
The current economic climate is also influencing pillow talk, with 1 in 4 Canadians (25%) polled now prioritizing financial transparency earlier in their relationships.
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Money anxiety surges in Canada as households drain savings to stay afloat: Harris & Partners

Mario Toneguzzi -
78.7% of Canadians have had to dip into their savings more frequently than before, says a Harris survey.
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Equifax Canada: Delinquency levels stabilize in Q2, but financial divide widens among Canadians

Mario Toneguzzi -
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.
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Personal finance concerns rising significantly: BMO survey

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

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

Mario Toneguzzi -
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.
Quick Reads

Canadians struggle to manage obligations amid financial pressures

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