Kevin Griffin Founder & CEO

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.

The start of a new year offers businesses the perfect opportunity to reassess their financial strategies. For many Canadian companies, unpaid debts can put a significant strain on cash flow. As 2025 begins, prioritizing debt collection becomes essential to ensure financial stability and create room for growth.