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.