1. Goeasy Subprime Lender Warns Elevated Loan Writeoffs to Persist Before Potential 2024 Improvement
Canadian subprime lender Goeasy Ltd. is signaling sustained financial pressure, warning investors that loan writeoffs will remain elevated for the foreseeable future. This alert follows a recent surprise surge in bad debts within its vehicle financing division, which had already rattled the market. The company's foreca...