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Canada's insolvency surge: Not 2008, but trouble ahead
Description
Charles St-Arnaud, chief economist at Servus Credit Union, examines Canada's rising insolvency rates. He explains how current trends differ from the 2008 financial crisis and explores the financial pressures facing Canadian households—including inflation, interest rates, and regional variations. He highlights the crucial role employment stability plays in preventing a deeper crisis and addresses emerging risks from energy price shocks and potential second-round inflationary effects.
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CREDITS:
Amal Attar-Guzman - Producer
Elia Gross - Editor
Falice Chin - Host
Angela Gzowski/The Canadian Press - Photo Credit
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