Insolvencies in Canada show big drop in July 2017 stats

The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 12.2% percent decrease in the total number of insolvencies in Canada in July 2017 compared to the previous month.

Bankruptcies decreased by 14.5 percent and proposals decreased by 10 percent.

Compared to a year earlier, insolvencies decreased by 2.4 percent.

Other stats: For the 12 month period ending July 31, 2017, the total number of insolvencies decreased by 1.4 percent compared with the 12-month period ending July 31, 2016.

You can read the summary and full report here.