The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 12.2 percent increase in the total number of insolvencies in Canada in May 2017 compared to the previous month.
Bankruptcies increased by 10.9 percent and proposals increased by 13.6 percent.
Compared to a year earlier, insolvencies decreased by 0.9 percent.
Other stats: For the 12 month period ending May 31, 2017, the total number of insolvencies decreased by 0.7 percent compared with the 12-month period ending May 31, 2017.
You can read the summary and full report here.