Insolvencies in Canada show big drop in April 2017

The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 14.4 percent decrease in the total number of insolvencies in Canada in April 2017 compared to the previous month.

Bankruptcies decreased by 10.0 percent and proposals decreased by  18.7 percent.

Compared to a year earlier, insolvencies are decreased by 12.8 percent.

Other stats: For the 12 month period ending April 30, 2017, the total number of insolvencies increased by 0.5 percent compared with the 12-month period ending April 30, 2016.

You can read the summary and full report here.