March 2017 insolvencies increase almost 20% compared to last month

The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 19.2 percent increase in the total number of insolvencies in Canada in March 2017 compared to the previous month.   Bankruptcies increased 25.6 percent and proposals increased by 13.7 percent.

Compared to a year earlier, insolvencies are down 1.2 percent.

Other stats: For the 12 month period ending March 31, 2017, the total number of insolvencies increased by 1.9 percent compared with the 12-month period ending March 31, 2016.

You can read the summary and full report.