Are Canadians reaching their 'breaking point'? New data shows more people filing for insolvency

[shockedcanadian]

The collapse is coming, perhaps even sooner than I anticipated.

Not to worry, the police apparatuses will do fine. We will continue to pay Chiefs of police $600k a year as record foreclosures of homes and the homeless grow.

Do not blame me, I am just the Messenger.

https://www.cbc.ca/news/business/insolvency-filings-increasing-canada-9.7197230

More Canadians are filing for insolvency according to the latest data from the Office of the Superintendent of Bankruptcy, as rising costs stretch consumers to their limits.

Some 37,121 Canadians filed for insolvency in the first quarter of 2026 — the highest number of consumer insolvencies since 2009, when North America was reeling from the financial crisis.

Compared to the same time period last year, insolvencies are up 8.5 per cent.

However, the population now is higher than it was in 2009. Insolvency trustee Doug Hoyes says when that population growth is factored in, the rates of insolvency are much lower than 2009 levels.

Still, he says the increase is worrying, and he's seen an uptick in calls to his office as the cost of everything from food to gas squeezes Canadians.

"Our expenses for the most part are rising a lot faster than what our incomes are," Hoyes said. "How do you bridge that gap? Well, you do it with debt.

 

[TroglocratsRdumb]

The collapse is coming, perhaps even sooner than I anticipated.

Not to worry, the police apparatuses will do fine. We will continue to pay Chiefs of police $600k a year as record foreclosures of homes and the homeless grow.

Do not blame me, I am just the Messenger.

https://www.cbc.ca/news/business/insolvency-filings-increasing-canada-9.7197230

More Canadians are filing for insolvency according to the latest data from the Office of the Superintendent of Bankruptcy, as rising costs stretch consumers to their limits.

Some 37,121 Canadians filed for insolvency in the first quarter of 2026 — the highest number of consumer insolvencies since 2009, when North America was reeling from the financial crisis.

Compared to the same time period last year, insolvencies are up 8.5 per cent.

However, the population now is higher than it was in 2009. Insolvency trustee Doug Hoyes says when that population growth is factored in, the rates of insolvency are much lower than 2009 levels.

Still, he says the increase is worrying, and he's seen an uptick in calls to his office as the cost of everything from food to gas squeezes Canadians.

"Our expenses for the most part are rising a lot faster than what our incomes are," Hoyes said. "How do you bridge that gap? Well, you do it with debt.

What is causing Canada to have problems

 

[Dante]

The collapse is coming, perhaps even sooner than I anticipated.

Not to worry, the police apparatuses will do fine. We will continue to pay Chiefs of police $600k a year as record foreclosures of homes and the homeless grow.

Do not blame me, I am just the Messenger.

https://www.cbc.ca/news/business/insolvency-filings-increasing-canada-9.7197230

More Canadians are filing for insolvency according to the latest data from the Office of the Superintendent of Bankruptcy, as rising costs stretch consumers to their limits.

Some 37,121 Canadians filed for insolvency in the first quarter of 2026 — the highest number of consumer insolvencies since 2009, when North America was reeling from the financial crisis.

Compared to the same time period last year, insolvencies are up 8.5 per cent.

However, the population now is higher than it was in 2009. Insolvency trustee Doug Hoyes says when that population growth is factored in, the rates of insolvency are much lower than 2009 levels.

Still, he says the increase is worrying, and he's seen an uptick in calls to his office as the cost of everything from food to gas squeezes Canadians.

"Our expenses for the most part are rising a lot faster than what our incomes are," Hoyes said. "How do you bridge that gap? Well, you do it with debt.

Why are you always attacking Canadians and Canada? Seriously, why?

 

[Dante]

What is causing Canada to have problems

Citizens like the OP?

 

[shockedcanadian]

Why are you always attacking Canadians and Canada? Seriously, why?

Deaf in one ear with permanent tinnitus due to the assault. My pants taken down to my feet, held against a wall by two officers as a detective banged a stick in between my knees and up into my scrotum. I was a skinny 17 year old.

My crime. Not ratting out an adult undercover agent provocateur (the irony) who was involved in non-violent trouble.

When the fake case against me fell apart, I didn't so much as litter from that point onward. It didn't matter, I broke the cardinal rule of telling the courts what they did to me.

Over 35 years they interfered in my careers, my relationships, tampered with jobs and pursuits, my MBA, the courts to this day (through divorce).

I blew the whistle, begged for help from agencies, politicians, fake organizations pretending to be oversight when they were really just scouts who gave the heads up to the Creepy Ones regarding the allegations. Silence and obfuscation.

Detainment at borders, undercovers in workplaces, hatred spread against America and Israel post-911.

I could continue for 20 pages. This began even before the torture, as young as 10 when a Diddler teacher, brother of a cop plead guilty to molesting me and other kids. The police in this country are akin to the old Soviets, more powerful in fact. Cowardly and crooked.

I will continue to spread the reality to those who do not know. Your Intel agencies know the truth, so do ours. The difference is that only yours can do something about it, so it seems. Thus, the subsidies end.

I will die homeless on the streets of Toronto after they steal my home from the divorce they are impeding on. Your State Department, USTR and many agencies all the way up to Marco Rubio and President Trumps office, harking back in fact to Obama's term know the details. This nation despises me for this sharing of the truth, defending the principles that those who died fighting fascism themselves defended.

I will die broke and without fanfare. The truth is, they broke me long ago, before I even developed into a man.

At least when I go away, quietly, with the vast majority not knowing the real reason this seemingly useless man died with nothing in his pocket. It will be as a man.

 

[Dante]

Deaf in one ear with permanent tinnitus due to the assault. My pants taken down to my feet, held against a wall by two officers as a detective banged a stick in between my knees and up into my scrotum. I was a skinny 17 year old.

My crime. Not ratting out an adult undercover agent provocateur (the irony) who was involved in non-violent trouble.

When the fake case against me fell apart, I didn't so much as litter from that point onward. It didn't matter, I broke the cardinal rule of telling the courts what they did to me.

Over 35 years they interfered in my careers, my relationships, tampered with jobs and pursuits, my MBA, the courts to this day (through divorce).

I blew the whistle, begged for help from agencies, politicians, fake organizations pretending to be oversight when they were really just scouts who gave the heads up to the Creepy Ones regarding the allegations. Silence and obfuscation.

Detainment at borders, undercovers in workplaces, hatred spread against America and Israel post-911.

I could continue for 20 pages. This began even before the torture, as young as 10 when a Diddler teacher, brother of a cop plead guilty to molesting me and other kids. The police in this country are akin to the old Soviets, more powerful in fact. Cowardly and crooked.

I will continue to spread the reality to those who do not know. Your Intel agencies know the truth, so do ours. The difference is that only yours can do something about it, so it seems. Thus, the subsidies end.

I will die homeless on the streets of Toronto after they steal my home from the divorce they are impeding on. Your State Department, USTR and many agencies all the way up to Marco Rubio and President Trumps office, harking back in fact to Obama's term know the details. This nation despises me for this sharing of the truth, defending the principles that those who died fighting fascism themselves defended.

I will die broke and without fanfare. The truth is, they broke me long ago, before I even developed into a man.

At least when I go away, quietly, with the vast majority not knowing the real reason this seemingly useless man died with nothing in his pocket. It will be as a man.

Now that is some truly shocking Canadian tale.

Sound like a Palestinian in the Levant area.

shockedcanadian

 

[shockedcanadian]

Now that is some truly shocking Canadian tale.

Sound like a Palestinian in the Levant area.

shockedcanadian

That is what should wake Americans up, it is not a tale at all. There is a reason so many here wish to have a close relationship with China, there are powerful entities here who relate to China and their system mucb more than they do the U.S system.

 

[EdwinAMartin]

there are powerful entities here who relate to China and their system mucb more than they do the U.S system.

Yep. Dante's peer group is one of them.

 

[shockedcanadian]

Yep. Dante's peer group is one of them.

This is why I have stated in the past just how important the F.B.I is in particular in protecting America and your interests.

If they fail, the U.S is in trouble. I am doing my part to shine the light on the truth and to try and defeated the darkness which is prevalent in so many corner in my country. My chances of success are not good and I cannot do it alone.

 

[Dante]

That is what should wake Americans up, it is not a tale at all. There is a reason so many here wish to have a close relationship with China, there are powerful entities here who relate to China and their system mucb more than they do the U.S system.

The world is flat. As far as global trade is concerned. Going it alone, or viewing competitors as enemies is silly and dangerous. We actually NEED each other.

The wold is just a dysfunctional family scaled waaay up.

 

[Dante]

Yep. Dante's peer group is one of them.

Dante has no peers. But he does have creeper peepers like you.

 

[Dante]

This is why I have stated in the past just how important the F.B.I is in particular in protecting America and your interests.

If they fail, the U.S is in trouble. I am doing my part to shine the light on the truth and to try and defeated the darkness which is prevalent in so many corner in my country. My chances of success are not good and I cannot do it alone.

O'tay!

 

[EdwinAMartin]

Dante has no peers. But he does have creeper peepers like you.

You have a rich fantasy life.

 

[EdwinAMartin]

This is why I have stated in the past just how important the F.B.I is in particular in protecting America and your interests.

If they fail, the U.S is in trouble. I am doing my part to shine the light on the truth and to try and defeated the darkness which is prevalent in so many corner in my country. My chances of success are not good and I cannot do it alone.

The US was turned into a banana republic by the Democrats; they long for Latin American style gangster regime with them in charge. Until every last 'judge' appointed by the scum are removed from the benches , preferably under rhe RICO statutes, the FBI is no more trustworthy than the DNC is.

 

[Dante]

You have a rich fantasy life.

And not sure how to tell you this -- you're not in it.

 

[EdwinAMartin]

And not sure how to tell you this -- you're not in it.

You're lying, and everybody knows it.

 

[shockedcanadian]

You're lying, and everybody knows it.

Notice the most ardent anti-American poster on here dare not dispute my allegations?

They certainly do not want to open any wider this Pandoras Box. There is a great deal to tell that would shock the conscience of the American People. Including the suicide of a young girl which drove the TPS and Peel Region Police to engage in false flag/dirty tricks to paint me as something I am not in an effort to put me on a watch list.

Desperate criminal cops engage in desperate measures to protect their own criminals. Unfortunately for them, they thought they would avoid scrutiny and exposure. They achieved neither. Some of them have their names and details in the dossier of agencies outside of Canada.

I will allow G-d to obtain revenge as he sees fit. My duty is to try and ensure justice. Something I had no interest in post-university

 

[Dante]

Notice the most ardent anti-American poster on here dare not dispute my allegations?

They certainly do not want to open any wider this Pandoras Box. There is a great deal to tell that would shock the conscience of the American People. Including the suicide of a young girl which drove the TPS and Peel Region Police to engage in false flag/dirty tricks to paint me as something I am not in an effort to put me on a watch list.

Desperate criminal cops engage in desperate measures to protect their own criminals. Unfortunately for them, they thought they would avoid scrutiny and exposure. They achieved neither. Some of them have their names and details in the dossier of agencies outside of Canada.

I will allow G-d to obtain revenge as he sees fit. My duty is to try and ensure justice. Something I had no interest in post-university

Good gawd! How old are you? Were you even around when Reagan was the US Prez?

 

[Dante]

Notice the most ardent anti-American poster on here dare not dispute my allegations?

They certainly do not want to open any wider this Pandoras Box. There is a great deal to tell that would shock the conscience of the American People. Including the suicide of a young girl which drove the TPS and Peel Region Police to engage in false flag/dirty tricks to paint me as something I am not in an effort to put me on a watch list.

Desperate criminal cops engage in desperate measures to protect their own criminals. Unfortunately for them, they thought they would avoid scrutiny and exposure. They achieved neither. Some of them have their names and details in the dossier of agencies outside of Canada.

I will allow G-d to obtain revenge as he sees fit. My duty is to try and ensure justice. Something I had no interest in post-university

The stuff on Peel, Brampton, and the Toronto area itself is fascinating.

 

[shockedcanadian]

The stuff on Peel, Brampton, and the Toronto area itself is fascinating.

It went well beyond them.

In fact, the man with the stick when I was 17 is a peculiar POS as it were...