Debt Is Rising. Insolvencies Aren’t

Douglas Hoyes of Hoyes Michalos argues that Canada’s flat personal insolvency numbers are a warning sign rather than a comfort, explaining that households are sustaining record debt by cutting spending, relying on minimum payments and short-term coping strategies until cash flow finally breaks, a dynamic that risks sharper and more abrupt insolvency spikes later as inflation-driven cost pressures persist.

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