In Q1 2026, Canadian consumer debt reached $2.66 trillion, up 3.8% year-over-year, while non-mortgage debt declined slightly as consumers showed financial restraint after 2025 holidays. Despite this, insolvency volumes rose 18.8% year-over-year to levels not seen since 2009, signaling ongoing financial strain, especially among mortgage holders. New credit demand fell, with lenders tightening credit limits for higher-risk borrowers, and the automotive sector saw reduced loan volumes despite lower vehicle prices. Regional disparities persist, with Ontario, British Columbia, and Manitoba facing more economic stress, while younger consumers improved repayment behavior and seniors without mortgages showed strong financial health. The mortgage market remains pressured by high interest rates, with arrears rising notably in costly markets. Monitoring consumer debt remains crucial as financial challenges continue.
Mesoblast Limited has drawn $50 million from a new five-year loan facility provided by a shareholder, replacing higher-cost short-term debt. This move strengthens Mesoblast's balance sheet by lowering interest costs and removing short-term obligation...
HUTCHMED announced positive Phase II trial results for fanregratinib in treating advanced intrahepatic cholangiocarcinoma (ICC) with FGFR2 fusion/rearrangement. The study showed a 42.5% objective response rate and median overall survival of 16.6 mont...
Western Union and Intermex announced that regulatory approvals for Western Union's acquisition of Intermex have been received from 51 U.S. states and international jurisdictions, with only one U.S. state, New York, pending approval. Both companies ar...
Modern Therapy Group has introduced a virtual intensive outpatient program (IOP) designed for adults dealing with depression, anxiety, trauma, and other mental health issues. This program offers structured, clinician-led treatment five days a week vi...
Meyer Wilson Werning, an investor protection law firm, is investigating UBS advisor Daniel Merithew Allen for allegedly recommending unapproved investments in 99 Acquisition Group LLC to clients. This practice, known as "selling away," violates FINRA...
