I thought Carney was supposed to save the day?

• Consumer insolvencies in Canada have surged to 37,121 filings in Q1 2026, the highest since 2009. This represents an 8.5% increase compared to the same period last year.
• Despite the rise, insolvency rates remain lower than 2009 once population growth is factored in.
• Rising living costs—including food, gas, and broader inflationary pressures—are pushing more Canadians toward financial distress.
• Insolvency trustee Doug Hoyes reports a significant uptick in calls from people struggling to keep up. Hoyes notes that expenses are rising faster than incomes, leading many to rely on debt to bridge the gap.

Americans are in no better standing. The only difference is that our neighbors are not facing a historical housing correction.  Avoid the stock markets on both sides of the border. 

Are Canadians reaching their 'breaking point'? New data shows more people filing for insolvency

Insolvency Statistics in Canada—First quarter of 2026