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Late Payments by Industry in Canada
- May 28, 2025
- Posted by: cgiadmin
- Categories: Debt Collection, Economics, Risk Management
No CommentsAs of March 2025, Canadian businesses are still under heavy financial strain. Core costs such as wages, rent, and raw materials remain high, and consumer spending is increasingly cautious. For many industries, this economic tension is showing up where it hurts most—in overdue invoices and rising delinquency rates.
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Preparing for Economic Shifts
- January 12, 2024
- Posted by: cgiadmin
- Categories: Credit Management, Debt Collection, Economics, Risk Management
Why Businesses Need a 3rd Party Collection Partner in 2024: As businesses gear up for the uncertainties that lie ahead in 2024, the specter of economic shifts looms large. In an ever-changing financial landscape, it becomes imperative for businesses to adopt proactive measures to safeguard their financial health.
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How Inflation is Clobbering Your Accounts Receivable
- July 11, 2022
- Posted by: cgiadmin
- Categories: Accounts Receivable, Economics
Canada’s annual inflation accelerated to 7.7% in May of 2022, a 39-year high and above market expectations of 7.4% (Statistics Canada).