Canadian consumers have generally been feeling the pinch and filing for more insolvencies. The OSB received 135,368 filings in the 12-month period ending in September, an increase of 15.4% compared to the same period last year. Not quite at the most recent peak observed in February 2020, but according to most economists, things are supposedly fine. What does a downturn look like if things are fine and these numbers are marching higher?
https://betterdwelling.com/canadian-consumer-insolvencies-continue-climbing-towards-new-highs/
Canadian consumers have generally been feeling the pinch and filing for more insolvencies. The OSB received 135,368 filings in the 12-month period ending in September, an increase of 15.4% compared to the same period last year. Not quite at the most recent peak observed in February 2020, but according to most economists, things are supposedly fine. What does a downturn look like if things are fine and these numbers are marching higher? https://betterdwelling.com/canadian-consumer-insolvencies-continue-climbing-towards-new-highs/
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Canadian Consumer Insolvencies Continue Climbing Towards New Highs - Better Dwelling
Highly indebted Canadian households are seeking a lot more creditor relief than usual. Office of the Superintendent of Bankruptcy (OSB) data shows insolvency filings made a big uptick in September. It was actually such a big uptick that it came in as the third-worst September in at least 40 years. It’s a general trend that’s […]
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