Economy in Crisis: Rising Debt & Consumer Insolvencies hitting ALL-TIME HIGH!

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Canada's Economy in Crisis: Rising Debt & Consumer Insolvencies in 2025

This week, we dive deep into the serious state of Canada's economy and the growing financial challenges facing Canadians across all age groups. From rising credit card debt to unsecured loans, many Canadians—millennials, seniors, and everyone in between—are feeling the weight of increasing financial burdens. With consumer insolvencies predicted to reach all-time highs in 2025, it's more important than ever to understand the risks and realities of Canada's debt crisis. Stats provided courtesy of Hoyes, Michalos - annual Joe Debter study.

#mortgagebroker #interestrates #realestate #bankofcanada #canadaeconomy

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