The concentrated credit challenges lurking below headline repayment data

The concentrated credit challenges lurking below headline repayment data

TORONTO — The broad picture of household finances indicates that Canadians are generally managing through the upheavals of tariffs, a soft job market, inflation and other headwinds, but looking deeper shows pockets of severe credit challenges.

Headline repayment data mask deep credit challenges for some slices of population

While many Canadians are doing OK, those who are struggling are falling farther behind The post Headline repayment data mask deep credit challenges for some slices of population appeared first on Investment Executive.

Canadian household finances split as debt strain grows

The broad picture of household finances indicates that Canadians are generally managing through the upheavals of tariffs, a soft job market, inflation and other headwinds, but looking deeper shows pockets of severe credit challenges.  The recent difficulties at Goeasy Ltd. give a hint of those troubles, after the subprime lender reported hundreds of millions in losses last month after it wrote down $178 million in loans and saw its shares plumme…