Canadian households vulnerable entering the crisis, but banks look strong
Bankruptcies and consumer proposals drop in May, but are seen rising as supports end
Debt issuance surges as the economy crumbles
People are cutting spending and borrowing amid the pandemic
Restoring corporate balance sheets will take time
The economic shutdown in March helped rein in consumer spending, Equifax says
Poor Canadians can't weather more than a couple of months of income disruption
The data show that household finances are hanging tough for the time being
Some homeowners resorted to HELOCs before government programs kicked in
Report says lockdowns should not be repeated in the face of a second wave