Canadian consumer debt hits record $2.64 trillion as mortgage stress mounts
“Provincial results suggest the recent rise in mortgage delinquencies is driven less by broad borrower distress and more by localized weakness in Canada’s most expensive markets, particularly Ontario and British Columbia.” Beyond delinquency, the consumer insolvency rate climbed to 1.10% in Q2 2026, up from 0.94% in Q2 2024, the highest level recorded in the past…