NEWS FLASH! October 9, 2009:
Canadian Insolvencies Increase by 33.5% for the Month of August, 2009 compared with the Same Month in 2008.
Consumer Bankruptcies were up 36.7% compared with the same month the previous year.
Business Bankruptcies were down by 21.1% compared with the same month the previous year.
Proposals were up by 35.2% compared with the same month the previous year.
For the 12 months ended August 31, 2009 Insolvencies are up by 32.4% compared with the previous year; (2009:150,524 - 2008:113,678).
Provinces with Double Digit Changes in
the Insolvency Rate in August, 2009
compared with August, 2008.
NL 19.2
NS 16.1
NB 17.5
QC 23.1
ON 38.2
MB 34.2
SK 17.3
AB 69.8
BC 48.5
For more information and more detailed analysis please refer to this site.
