Study finds auto loans and high mortgage rates continue to fuel insolvencies

By Anosha Khan (August 30, 2024, 5:14 PM EDT) -- Total Canadian household debt has reached a record high of $2.41 trillion, with $626.6 billion — or 26 per cent of it — made up of unsecured debt such as auto loans, credit card debt and instalment loans, according to a new report by Bankruptcy Canada, a national network of licensed insolvency trustee firms....