Canada's insolvency surge: Not 2008, but trouble ahead

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.Subscribe to The Hub's podcast feed to get all our best content:https://tinyurl.com/3a7zpd7e (Apple)https://tinyurl.com/y8akmfn7 (Spotify)Watch a video version on YouTube: https://www.youtube.com/@TheHubCanadaFollow The Hub on X: https://x.com/thehubcanada?lang=enCREDITS:Amal Attar-Guzman - ProducerElia Gross - EditorFalice Chin - HostAngela Gzowski/The Canadian Press - Photo Credit Hosted on Acast. See acast.com/privacy for more information.