July 2015 Insolvency Stats

The latest figures from Statistics Canada show that insolvencies in Canada in July are down 1.6 percent from the previous month.  However, year-on-year figure show that insolvencies are up 4.1 percent compared to  July 2014.   As well, for the 12–month period ending July 31, 2015, the total number of insolvencies increased by 1.9 percent compared with the 12–month period ending July 31, 2014.

The full report from Statistics Canada includes information on insolvencies by  consumers, business and by sector.  You can read the full report here.