A growing number of Canadians are struggling to manage their debt payments, according to a new Equifax report. Excluding mortgages, the 鈥渟evere delinquency鈥 rate 鈥 the proportion of missed payments for 90 days or more 鈥 is now at 1.6 per cent, its highest level since the global financial crisis. Nivrita Ganguly has more on this and other top business stories in Business Matters for Tuesday, May 27, 2025.
- More Canadian youth are taking on debt 鈥 and low wages mean many can’t pay
- Record rise in Ontario mortgage delinquencies stem from COVID-era interest rates: Equifax