Bay Street Edition

A Subprime Lender’s Woes Raise Bigger Concerns About Canadian Households

Also: Why Ontario’s securities regulator is taking action against KPMG

Credit stress at subprime lender Goeasy has been concentrated in its LendCare business, which offers merchant-originated financing for used cars and recreational vehicles, among other things.Photographer: Isabella Falsetti/Bloomberg

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By Christine Dobby

April 3, 2026 at 1:00 PM UTC

Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics.

I’m Christine Dobby, Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about Goeasy’s credit crisis, whether Chinese EVs could soon be assembled in Ontario and the depressing fate of some French wines. Plus: candy heists.