Consumer insolvencies highest since 2009 as Canadians struggle with debt

shockedcanadian

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The collapse is coming.

The Police State operatives do not care because they are their families can lie, cheat and steal their way to prosperity as they destroy others.

From the lowly lying TPS on up. Canadians are starving and dying due to their corruption. May G-d judge them all.


Canadians are reeling from debt, data shows, as consumer insolvencies have reached their highest level since the start of 2009.

Consumer insolvencies — a measure that indicates how many Canadians filed for relief under the Bankruptcy and Insolvency Act — reached record highs in the first three months of 2026, according to data from the Office of the Superintendent of Bankruptcy.

In January, February and March, 37,121 Canadians filed for insolvencies — amounting to 17 Canadians filing for insolvencies every hour this year, according to the Canadian Association of Insolvency and Restructuring Professionals (CAIRP).

This is the highest volume of Canadians filing for insolvencies since the first quarter of 2009, CAIRP said, when the Canadian economy was reeling from the aftershocks of the Great Recession of 2008.

Compared to the same period in 2025, consumer insolvencies were up 8.5 per cent, while they were up 6.5 per cent compared to the last three months of 2025.

Between January and March, 1,232 businesses in Canada filed for insolvency. While this was down 7.5 per cent compared to the same period in 2025, it was up 9.8 per cent compared to the last three months of 2025.
 
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