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Canadian Insolvencies Hit a 16-Year High — What the New Data Means for You

  More than 37,000 Canadians filed for insolvency in just three months — the highest quarterly total since the 2009 financial crisis. New data paints a sobering picture of where household finances stand heading into summer 2026. Fresh data from the Office of the Superintendent of Bankruptcy (OSB) and a new Equifax Canada report released this week confirm what many Canadians have been feeling: the financial pressure is real, it is growing, and it is reaching households that once seemed insulated from serious debt trouble. 📊 Q1 2026 — Key Numbers at a Glance 37,121 Consumer insolvencies filed in Q1 2026 +8.5% Year-over-year increase 17/hr Canadians filing every single hour $2.66T Total Canadian consumer debt The Highest Volume Since the 2009 Financial Crisis The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) confirmed that Q1 2026's tally of 37,121 consumer insolvency filings is the largest quarterly figure since 2009 — the year North America was still re...
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Canada Post Strike Enters Fourth Week Amid Rising Tensions


As the Canada Post strike approaches its four-week mark, tensions between the Crown corporation and the Canadian Union of Postal Workers (CUPW) continue to escalate. The ongoing strike, which began on November 15, 2024, has left millions of deliveries at a standstill, impacting businesses and consumers alike.

The union and management have been trading accusations of bad-faith bargaining. The CUPW criticized Canada Post's latest offers, stating that they do not address key issues such as wage increases, job security, and working conditions. In response, Canada Post claimed that the union's proposals have widened the gap between the two parties, introducing new demands that complicate negotiations.

With federal mediation on hold and no end in sight, the business community has called for government intervention. However, Prime Minister Justin Trudeau has so far resisted stepping in, urging both sides to reach an agreement.

As the strike drags on, small businesses, especially retailers relying on parcel deliveries during the holiday season, are feeling the brunt of the disruption. The CUPW has also filed an unfair labour practice complaint over layoffs of striking workers, adding another layer of contention.

The future of negotiations remains uncertain, with both parties standing firm on their positions. The impact on the economy and public services continues to grow, leaving many to wonder when a resolution will be reached.




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