NEWS FLASH! September 11, 2009: Statistics released on the Internet by Industry Canada
Canadian Insolvencies Increase by 34.6% for the Month of July, 2009 compared with the Same Month in 2008.
Consumer Bankruptcies were up 38.1% compared with the same month the previous year.
Business Bankruptcies were down by 5.3% compared with the same month the previous year.
Proposals were up by 31.1% compared with the same month the previous year.
For the 12 months ended July 31, 2009 Insolvencies are up by 28.8% compared with the previous year; (2009:147,387 – 2008:113,579).
Provinces with Double Digit Changes in
the Insolvency Rate in June, 2009
compared with June, 2008.
Province% Increase
(Decrease)
PE 30.3
NS 33.1
NB 39.5
QC 20.8
ON 36.4
MB 15.2
AB 76.3
BC 66.4
For more information and more detailed analysis please refer to this site.