Glenn Ostrosky (@GlennOstrosky)

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. This comes after a recent TransUnion report showed that Canadians took on more mortgage debt last year, with the total household debt reaching $2.6 trillion across all credit products in the last quarter of 2025. During the same period, the mortgage delinquency rate in Canada reached 0.24 per cent, according to the CMHC, the highest level since the end of 2021. https://www.msn.com/en-ca/money/topstories/consumer-insolvencies-highest-since-2009-as-canadians-struggle-with-debt/ar-AA22VyBM?ocid=msedgntp&pc=NMTS&cvid=69ffd5a3441e44269ad3966ad83abb8f&ei=41