Wesley Cowan

Canadian consumer insolvencies hit highest quarterly level since 2009: CAIRP

Mario Toneguzzi -
There were 37,523 consumer insolvencies filed during the quarter, up 6.9 per cent from the same period a year earlier and 1.1 per cent from the first quarter.

Consumer insolvencies surge in first quarter to highest level since 2019

Mario Toneguzzi -
Equivalent to roughly 17 Canadians filing for insolvency every hour during the quarter, on average.

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.

Q3 2025 Canadian consumer insolvencies climb 4.8% year-over-year, reaching highest level since 2009

Mario Toneguzzi -
Behind these numbers are Canadians who continue to struggle to balance daily expenses with mounting debt obligations.
- Advertisement -