Money Dates | Canadian Money Brief What's Paid, Due or Changing This Week Week of Monday, November 16, 2026 Three dates matter this week: a big inflation report on Monday, then two benefit payments on Thursday and Friday. Here is the week, plus what is coming over the next five weeks. This Week: Nov 16 to 22 Date What What to know Mon, Nov 16 8:30 am ET October inflation report (CPI) Statistics Canada's CPI for October. September came in at 3.1%, up from 3.0% in August. The Bank of Canada watches this before its Dec 9 decision. Thu, Nov 19 Canada Disability Benefit Up to $204.20 a month. Paid on the third Thursday of each month. Fri, Nov 20 Canada Child Benefit (CCB) Up to $679.75 a month for each child under 6 and $573.58 for each child aged 6 to 17, for families under the income threshold. Not this week: CPP and OAS (Nov 26). The Groceries and Essentials Benefit, formerly the GST/HST credit, is not paid again until Jan 5, 2027. The Ontario Trillium Benefit was paid Nov 10....
In a year marked by financial turbulence, business insolvencies in Canada have reached unprecedented levels. According to data from the federal Office of the Superintendent of Bankruptcy, 2023 witnessed the highest number of business insolvencies in 36 years of recorded history. The surge was particularly pronounced, with filings rising 35% in the fourth quarter compared to the previous quarter and more than doubling compared to the same period a year ago.
Key Points:
- Record High: The total number of businesses filing for insolvency was the highest in 13 years.
- Mainly Bankruptcies: The rise was primarily driven by bankruptcies rather than renegotiations of terms.
- Hardest-Hit Sectors: Accommodation and food services, retail, and construction experienced the most significant impact.
- Financial Challenges: Businesses grappled with rising input costs, wage expenses, and debt servicing costs throughout the pandemic.
- Debt Burden: Debt taken on during the pandemic has left some Canadian businesses unviable or in need of debt restructuring.
- Government Loans: Business owners who couldn’t repay government pandemic loans (such as CEBA) by the January 19 deadline now face interest charges and monthly payments.
Economic Outlook:
- Interest Rate Pressure: The additional costs of servicing debts due to higher interest rates may strain businesses already on a precarious edge.
- Consumer Spending Decline: The weakening economy has also impacted consumer spending, further adding pressure to businesses’ bottom line.
- Room for Recovery: Some businesses may struggle to manage increased monthly bills, especially if sales remain challenging.
As the Canadian economy navigates these challenges, businesses face a critical juncture. The road to recovery will require resilience, adaptability, and strategic financial management.
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