Insolvencies up again in Canada – August Stats

The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 7.3 percent increase in the total number of insolvencies in Canada in August 2016.   Bankruptcies  are up 6.8 percent and proposals increased by 7.9 percent.

Compared to last year, insolvencies are up 10.5 percent.

Other stats: For the 12 month period ending August 31, 2016, the total number of insolvencies increased by 3.9 percent compared with the 12-month period ending August 31, 2015.

You can read the summary and full report here.