Canadian insolvencies down slightly in May 2016

The office of the Superintendent of Bankruptcy Canada has released the latest insolvency stats for Canada for May 2016

Insolvencies in Canada decreased by 1.2 percent from the previous month, and up 11.0 percent compared to a year ago.

In May 2016, bankruptcies decreased by 2.3 percent, while consumer proposals increased by 0.1 percent.

For the 12 month period ending May, 2016, total insolvencies increased 4.4 percent compared to the same 12 month period a year ago.

You can read the summary and full report here.