BriefApril 18, 2026 · 12:12 PM
Canadian insolvency rates reach a five-year high
4.2 out of every 1,000 adults filed for insolvency in 2024. This is the highest rate since 2019. More than half of Canadians struggle to keep up with bills, according to the Financial Consumer Agency of Canada. Low-income Canadians carry an average of $34,359 in overall debt because of a lack of savings, according to a report from Prosper Canada.
Silas Kingsley
Personal FinanceDebt ManagementConsumer Credit
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