Bruce Clark Business-to-Business Team Leader

Spring is all about renewal—clearing out the old to make way for the new. While many people take this time to declutter their homes and offices, businesses should also seize the opportunity to tidy up their financials. If unpaid invoices and overdue accounts are piling up, it’s time to refresh your debt recovery strategy.

The economic relationship between Canada and the United States is vital. However, the recent imposition of 25% tariffs by both countries has created uncertainty for Canadian businesses. These trade tensions are more than just political—they have real financial consequences, especially for companies relying on cross-border trade.

When it comes to recovering delinquent debts, financial institutions often have in-house teams dedicated to collections. These teams work hard to reduce losses on unpaid accounts, ranging from credit cards and personal loans to leasing agreements and brokerage accounts. However, internal collections efforts sometimes face limitations, particularly in complex or escalated cases.