"Canary In The Gold Mine": Asset Seizures Could Skyrocket Due To Post-Pandemic Debt Default, Says Bailiff

Its impact on consumer credit is not just visible in day-to-day credit card spending, but also in other non-mortgage debt like auto loans and lines of credit where balances are on the rise. … Early indications in our data suggest financial stress is starting to emerge; Canadians should continue to be mindful of their spending and debt obligations.”