Tag: #creditrisk
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Insolvency volumes hit highest rates since 2009, Equifax warns
Insolvency volumes hit highest rates since 2009, Equifax warns I’m watching a clear warning sign in Canada’s consumer credit market: Equifax says insolvency volumes hit their highest level since 2009, with homeowners under the most strain. The pressure is showing up in higher homeowner insolvencies, more consumer proposals, and rising delinquent balances, especially in high-cost… Read more
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Goeasy Meltdown: The Ugly Truth Behind “High Yield”
Goeasy Meltdown: The Ugly Truth Behind “High Yield” Goeasy’s massive loan write‑offs, dividend suspension, and sudden share price collapse expose what really happens when subprime growth outruns risk management and underwriting discipline. Their LendCare auto and powersports portfolio has turned into a credit shock, forcing huge charge‑offs, pulled guidance, and a permanent wake‑up call for… Read more