NEWS FLASH! July 7th, 2009:
Canadian Insolvencies Increase by 30.3% for the Month of May, 2009 compared with the Same Month in 2008.
Consumer Bankruptcies were up 34.4% compared with the same month the previous year.
Business Bankruptcies were down by 16.2% compared with the same month the previous year.
Proposals were up by 28.4% compared with the same month the previous year.
For the 12 months ended May 31, 2009 Insolvencies are up by 24.8% compared with the previous year; (2009:139,003 - 2008:111,409)
Provinces with Double Digit Changes in
the Insolvency Rate in May, 2009
compared with May, 2008.
Province% Increase
(Decrease)
NL 13.9
PE 54.2
NS 15.1
QC 15.2
ON 35.7
MB 23.1
SK 25.7
AB 71.7
BC 60.3
For more information and more detailed analysis please refer to this site.
