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insolvency

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.

Consumer insolvencies on the rise; business declines but still elevated: CAIRP

Mario Toneguzzi -
The Association said that even with short-term fluctuations, consumer insolvency volumes in 2025 remain notably higher than pre-pandemic norms.

Canadian consumer insolvencies rise by 20.5% in January amid financial pressures

Mario Toneguzzi -
Ongoing financial stress, including the high cost of living and escalating household debt, continues to play in driving up consumer insolvencies.

Credit card debt among insolvent debtors surges 26% in 2024

Mario Toneguzzi -
The average insolvent debtor now owes $60,678 in total unsecured debt, an increase of 12.2% from 2023.

Consumer and Business insolvencies reached 15-Year high in 2024

Mario Toneguzzi -
The rise in consumer insolvencies last year highlights the severity of the financial pressures many Canadians are experiencing, exacerbated by rising living costs and economic instability.

Record Surge in Canadian Insolvencies: Businesses and Consumers Battle Rising Costs Amid Economic Turmoil [Interview]

Mario Toneguzzi -
Following the pandemic, retailers and other businesses, as well as consumers, are struggling amid increasing costs and mounting debt.

Spike of Insolvency Cases in Canada Could Signal More to Come for Retailers: Expert

Mario Toneguzzi -
An expert says that things will likely worsen under the stress of inflation and the withdrawal of pandemic-related government support, among other factors.
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