Late payments are also increasing. A recent column addressed the ongoing decline in Canadian per capita GDP: https://spencerfernando.com/2023/02/28/canadian-per-capita-gdp-falls-for-sixth-consecutive-month/ With falling per capita GDP, we would expect to see mounting evidence that people are struggling more and more to keep up, especially as higher interest rates take a toll on an already-indebted consumer base. And that...