Doug Hoyes

Going live shortly after 6:00 pm on @ctvnewschannel I'll give my thoughts on how inflation impacts people in debt. (It's not good).

@FoodProfessor Let's not forget nature's most perfect food: Butter. Ontario butter inflation: +6.5% Canada: +2.0% I guess Ontario residents are willing to pay more for butter? Or it's a supply issue?

Even though headline grocery inflation slowed to 3.8%, consumers are still feeling pressure because the categories rising the fastest are highly visible staples people buy frequently — meat, coffee, bread, and vegetables. That creates the perception that food inflation is still “high,” even if the overall index is moderating statistically.

@loneranger_0987 You and me both. But I'm addicted, so will not be giving it up.

@doughoyes Broooo, coffee prices are killing me

I guess I'll have the economists at Statistics Canada disagreeing with me for this comment, but everyone I talk to agrees that food prices seem to be a lot higher than the official inflation rate.

@EricONCA I think there are 35 million of them, one for each adult, but you are correct, there is significant regional variation. There are two primary economies: people who have assets (houses, stocks) and those who don't (renters).

@doughoyes I think Canada has five economies. - Ontario - BC - Oil - Quebec - Atlantic & remote

There is no single Canadian economy; we all have our own micro-economies. My analogy: Like the weather in Canada, it's different everywhere. Except, it isn't. The temperature is remarkably consistent everywhere in Canada. So I'm working on a new analogy. weather.gc.ca/canada_e.html

For my friends in Alberta: LIVE at 11:05 MT (1:05 ET) on 880 CHED in Edmonton and QR 770 in Calgary. Listen live here: globalnews.ca/radio/880ched/…

Going LIVE on Newstalk 1010, around 7:21 am. Listen here: newstalk1010.com

In all of my interviews this week (Globe & Mail, CBC, CTV, Global), I've agreed that the absolute number of insolvencies is the highest since 2009, but on a per capita basis, they aren't even close.

@GConnaughton @CP24 @CBC True. Not even close.

@CP24 You didn't include "However, the population now is higher than in 2009. Insolvency trustee @DougHoyes says when that population growth is factored in, the rates of insolvency are much lower than 2009 levels." as the @CBC article did. "Headless Body in Topless Bar" still the best!

More than 37K Canadians filed for insolvency proposals in first 3 months of 2026—the highest since 2009 cp24.com/local/toronto/…

Is it weird that my wife, who is not a baseball fan, was eager to tell me that the Blue Jays DFA’d Lauer?

JUST RELEASED: Personal insolvencies are climbing in Ontario. +6% over the last 12 months But Q1 alone jumped 15% — the pace of growth is clearly accelerating. Bankruptcies are rising much faster than proposals, meaning debtors are losing confidence in their ability to complete a 5-year repayment plan. Not the economic news we were hoping for. Full March 2026 stats here: ised-isde.canada.ca/site/office-su…

This is easily the creepiest AI-generated thumbnail picture we've ever used on the podcast. My guest is Maureen from our Ottawa office, and neither of us wears that many gold chains. youtu.be/-DEW7A-49JA?si…

From 1999 to 2019, insolvency filings tracked the unemployment rate. Makes sense. Data went wonky from 2020 to 2022. Makes sense. But recently, insolvency filings are accelerating faster than the growth in unemployment. I am pondering why that is.

My wife takes me to all the best places.

@BalzacBlazer Yeah, I noticed that too.

@doughoyes I don't think the trustee is Beerlicious, though, as mentioned at least twice in the piece. Poor journalism.

I never expected to be quoted in an article about the Festival of Beer, but there it is: ctvnews.ca/toronto/articl…

Redundant thought: Banks are not your friend. (But you already knew that). This week on the podcast: youtu.be/Wb2aPHMTLZE?si…

@EricONCA Yes. In a consumer proposal, all creditors get the same "cents on the dollar", so it's equally "fair" to everyone.

@doughoyes Well said! As for his question, I'm wondering the same thing. If a proposal is made, is it equal % loss for all creditors? ex. CRA and TD would be agreeing to take the same number of cents on each dollar?

Of all of the recommendations I could have made about how to improve #CRA when I testified before the House of Commons Finance Committee, I told them: Start a Coffee Club. True Story.