Insolvencies down in Canada – June 2017 stats

The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 7.0% percent decrease in the total number of insolvencies in Canada in June 2017 compared to the previous month.

Bankruptcies decreased by 10.3 percent and proposals decreased by 6.5 percent.

Compared to a year earlier, insolvencies decreased by 1.9 percent.

Other stats: For the 12 month period ending June 30, 2017, the total number of insolvencies decreased by 1.9 percent compared with the 12-month period ending June 30, 2016.

You can read the summary and full report here.