The PaydownIndependent reporting on Canadian household debt, consumer proposals, bankruptcy, interest rates and small-business insolvency — written by Licensed Insolvency Trustees.https://thepaydown.ca/en-caConsumer bankruptcies are rising almost twice as fast as proposals. Here's what August's numbers say.https://thepaydown.ca/news/insolvencies-august-2026-osb-data/https://thepaydown.ca/news/insolvencies-august-2026-osb-data/Canada recorded 146,135 consumer insolvencies in the 12 months to August — about 400 a day. Bankruptcies are up 9.5%, and that shift matters.Tue, 13 Oct 2026 13:00:00 GMTOSB statisticsconsumer proposalbankruptcyOntarioBritish ColumbiaTariffs, rising arrears and a CEBA deadline: why more small businesses are restructuring instead of closinghttps://thepaydown.ca/news/tariffs-small-business-debt-restructuring/https://thepaydown.ca/news/tariffs-small-business-debt-restructuring/Business loan delinquencies just hit their highest level since 2019. But business proposals are up 30% — a sign owners are fighting to survive.Tue, 13 Oct 2026 12:00:00 GMTtariffssmall businessDivision 1 proposalCEBACFIBEquifaxOttawa tables a simpler insolvency track for small businesses. Here's what Bill S-7 actually says.https://thepaydown.ca/news/bill-s-7-small-business-insolvency-reform/https://thepaydown.ca/news/bill-s-7-small-business-insolvency-reform/A Senate bill introduced Oct. 7 would create simplified bankruptcy and proposal procedures for micro and small corporations. The details that matter are still to come by regulation.Tue, 13 Oct 2026 11:00:00 GMTBill S-7BIAsmall businessCCAAOSBWho files for insolvency in Canada? The OSB's debtor profile points to lost income, not overspending.https://thepaydown.ca/news/osb-consumer-debtor-profile-2024-who-files/https://thepaydown.ca/news/osb-consumer-debtor-profile-2024-who-files/The federal insolvency regulator's profile of 2024 filers shows a median monthly shortfall of $175 and income loss as the top cause. Here is what the numbers say.Tue, 13 Oct 2026 10:00:00 GMTOSBconsumer proposaldebtor profilehousehold debtCanada lost 68,000 jobs in September. If your income drops, here's what to do about your debts.https://thepaydown.ca/news/jobs-fell-68000-september-debt-income-loss/https://thepaydown.ca/news/jobs-fell-68000-september-debt-income-loss/Statistics Canada reports employment fell for a second straight month. With loss of income the top reason Canadians file for insolvency, early action on debt matters.Tue, 13 Oct 2026 09:00:00 GMTLabour Force Surveyjob losshousehold debtTransUnionBank of Canada decides Oct. 28. Don't count on a rate cut to fix your budget.https://thepaydown.ca/news/bank-of-canada-october-28-what-it-means/https://thepaydown.ca/news/bank-of-canada-october-28-what-it-means/The policy rate has sat at 2.25% since September and tariffs are pushing on prices. Here's what that means for card balances, lines of credit and mortgage renewals.Mon, 12 Oct 2026 13:00:00 GMTBank of Canadainterest ratesprime ratemortgage renewalcredit card debt