As of 2022, Canada faced a bankruptcy rate of approximately2.5% among its population, with this rate showing fluctuations influenced by economic conditions...

As of 2024, the number of insolvency filings in Canada is projected to reach approximately 150,000, marking a significant increase from previous...

In 2023, Canada’s credit card delinquency rate reached approximately3.2%, indicating a rise from previous years as more consumers struggle to meet their...

Understanding your credit report is crucial for effective debt management and financial planning. One common question many Canadians have is: ‘How long...

As we look ahead to 2025, the average mortgage debt in Canada is projected to reach approximately CAD 350,000, according to recent...

As of 2023, the average debt per Canadian household stands at approximately CAD 73,000, highlighting the ongoing financial challenges faced by many...

As of 2023, approximately 72% of Canadian households carry some form of debt, showcasing the significant financial burden many residents face. This...

When it comes to managing debt effectively, many Canadians find themselves exploring various strategies to regain financial control. One popular option is...

As of 2025, the average credit card debt in Canada is projected to reach approximately CAD 4,400 per indebted household. This statistic...