“Bankruptcies and insolvencies have been trending downward for years now. For years, because the labour market is on fire. The labour market in Canada has been very very strong. In fact, companies can’t find people. And that’s something that will continue to keep the insolvency story ok.”

– Benjamin Tal, Deputy Chief Economist for CIBC

Hear the full interview here: https://business.financialpost.com/real-estate/mortgages/dont-kill-the-mortgage-stress-test-modify-it-cibcs-benjamin-tal