Canadian non-mortgage debt delinquencies rise in Q3 2025
Equifax Canada reports increasing non-mortgage debt payment delinquencies in Q3 2025 as financial pressures mount for Canadian consumers. Learn about the concerning trend.
Category : Search result: debt restructuring
Sovereign Debt Picture Cloudier Heading Into 2026
Morningstar DBRS warns sovereign debt outlook worsening for 2026 due to geopolitical tensions and trade wars. Canada faces tariff risks from U.S. protectionist policies.
Sen. Jim Justice Settles $5M Tax Debt with IRS
West Virginia Senator Jim Justice and his wife agree to pay over $5 million to settle 15 years of unpaid income taxes following an IRS lawsuit. Discover the details of the case.
Canadian consumer debt reaches $2.6 trillion on mortgages
Canadian consumer debt surged to $2.6 trillion primarily due to increased mortgage borrowing. Learn how this impacts household finances and the broader economy.
Alberta's Credit Delinquency Rate Highest in Canada
Alberta's economy leads Canada with 2.3% GDP growth, yet residents face highest credit delinquency rates at 2.31%. Discover the surprising economic paradox.
Canadians Take on More Credit Amid Lower Interest Rates
TransUnion reports Canadian consumer debt reached $2.6 trillion in Q3 2025 as mortgage churn increases and economic disparities widen across provinces.
Apple Cuts Sales Jobs in Rare Layoff
Apple Inc. has eliminated dozens of sales roles in a rare organizational layoff, streamlining its approach to business, education, and government clients.
AI Debt Wave Threatens Credit Markets
Massive AI-driven debt sales from tech giants like Alphabet and Meta could overwhelm buyers and weaken credit markets globally. Learn about the risks.
Debt Refinancing: Benefits, Drawbacks & Credit Impact
Financial expert Christopher Liew analyzes whether refinancing your debt makes sense amid high interest rates and living costs. Learn the pros, cons, and credit implications.
Debt Refinancing Advice for Canadians in 2025
Personal finance expert Christopher Liew explains whether refinancing debt makes sense with current high interest rates. Learn strategic approaches to debt management.
Canada Post reports $541M loss in third quarter
Canada Post faces unprecedented $541 million pre-tax loss in Q3 2025 amid declining mail volumes and rising costs. Learn what's behind the financial crisis.
Bell Canada Slashes Nearly 700 Management Jobs
Bell Canada parent company BCE Inc. eliminates nearly 700 positions in a 'difficult but necessary decision' to align with its strategic growth plan and cost-saving targets.
Bell Canada cuts 700 jobs in restructuring move
Bell Canada announces nearly 700 job cuts as part of strategic restructuring for sustainable growth. Details on the telecommunications giant's workforce reduction plan.
Verizon cutting 13,000 jobs in company reorientation
Verizon is eliminating more than 13,000 positions as the telecommunications giant works to reorient its entire business strategy. Get the latest details on this significant workforce reduction.
Record online gambling debt hits young Canadians
Financial and psychology experts warn of dire consequences as Canadians bet record sums online, falling into debt. Learn how to identify risks and seek help.
GOP Rejects Trump's $2000 Check Proposal
Republicans reject Trump's plan for $2000 household checks, citing inflation and debt concerns. Learn how this populist proposal divides the GOP on economic policy.
Target profit falls 19% amid inflation pressures
Target's third-quarter profit tumbles 19% as inflation-squeezed shoppers reduce spending. The retailer expects sales slump to continue through holiday season while investing $5B in store remodels.
Interim PBO's Fiscal Honesty Threatens His Job
Interim Parliamentary Budget Officer Jason Jacques exposes unsustainable debt and accounting concerns in Carney government's budget. Will his transparency cost him the permanent position?
45% of Canadians One Emergency From Debt
Nearly half of Canadians would fall into debt from a single unexpected expense, with financial stress impacting sleep and causing widespread anxiety across the country.
Barrick Leadership Overhaul Amid Breakup Talk
Barrick Gold Corp. announces a major management overhaul, with senior executives departing, as activist investor Elliott builds a stake and speculation about a potential breakup grows.
Pay Off Debt Faster Without Feeling Deprived
Financial expert Christopher Liew shares actionable strategies for Canadians to eliminate debt quickly while maintaining their lifestyle and social happiness.
Scotiabank fined $34k for harassing debt calls
Scotiabank will pay nearly $34,000 after Consumer Protection B.C. found the bank harassed a client with over 100 collection calls. Learn your rights against debt collection harassment.
Court upholds convictions in Thunder Bay execution murder
Appeal court dismisses challenge from men convicted in 2019 execution-style murder of Lee Chiodo over drug debt. Read the latest on this Northern Ontario case.
Scotiabank executive reshuffle follows Canadian layoffs
Bank of Nova Scotia announces major executive changes, moving chief risk officer Phil Thomas to chief strategy role weeks after initiating Canadian layoffs.
Canacol Energy Seeks Court Protection from Creditors
Calgary-based Canacol Energy Ltd. has obtained court protection from creditors as it pursues financial restructuring. The company filed under the Companies' Creditors Arrangement Act on November 18, 2025.
Laurentian University implements 81% of AG reforms
Laurentian University has implemented or is working on 81% of Auditor General recommendations two years after emerging from CCAA protection. Read about the progress.
NDP party debt-free while B.C. faces budget challenges
B.C. NDP treasurer reveals party eliminated debt and built $9M surplus, creating stark contrast with provincial finances under Eby government's management.
Amazon's $12B Bond Sale Fuels AI Infrastructure Race
Amazon plans its first U.S. dollar bond sale in three years, seeking $12 billion to fund AI infrastructure, acquisitions, and share buybacks amid tech sector spending surge.
Oracle CDS Jump 13.5% Amid AI Investment Concerns
Oracle's credit default swaps surge as investors hedge against $500B AI infrastructure spending. Debt could reach $290B by 2028 amid revenue uncertainty.
Carney's budget fails to address Canada's economic crisis
John Snobelen analyzes why Prime Minister Mark Carney's first budget demonstrates timidity instead of bold action needed for Canada's economic challenges. Read more.
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