Canadian insolvencies reach highest level since 2009
According to a new report from Equifax Canada, the first quarter insolvency rate was up 18.8 per cent year-over-year.
Canadians insolvencies volumes have reached their highest level since 2009 despite, with the first quarter rate up 18.8 per cent year-over-year, according to a new report from Equifax Canada.
The global data firm said the upward trend indicates that many consumers “may have reached a financial inflection point” despite Canadians remaining financially disciplined to cope with inflation.
