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

Posted on May 12, 2026 by Isaiah Barnett

an over the shoulder shot of a woman workign at a laptop and using the calculator function on her phone to plan her finances

More Canadians are filing for insolvency according to the latest data from the Office of the Superintendent of Bankruptcy, as rising costs stretch consumers to their limits.

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