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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.
Some 37,121 Canadians filed for insolvency in the first quarter of 2026 — the highest number of consumer insolvencies since 2009, when North America was reeling from the financial crisis.
Compared to the same time period last year, insolvencies are up 8.5 per cent.
However, the population now is higher than it was in 2009. Insolvency trustee Doug…