September insolvency numbers up again

The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 5.2 percent increase in the total number of insolvencies in Canada in September 2016.   Bankruptcies  are up 5.6 percent and proposals increased by 4.7 percent.

Compared to last year, insolvencies are up 3.7 percent.

Other stats: For the 12 month period ending September 30, 2016, the total number of insolvencies increased by 4.0 percent compared with the 12-month period ending September 30, 2015.

You can read the summary and full report here.