Slight drop in insolvencies in Canada – April 2016

The office of the Superintendent of Bankruptcy Canada has released the latest insolvency stats for Canada in April 2016

Insolvencies in Canada decreased by 0.7 percent from the previous month, and up 4.5 percent compared to a year ago.  Bankruptcies increased by 3.8 percent, consumer proposals decreased by 5.3 percent.

For the 12 month period ending April, 2016, total insolvencies increased 3.0 percent compared to the same 12 month period a year ago.

You can read the summary and full report here.