Insolvency Statistics in Canada—January 2016

Highlights

Read the report Insolvency Statistics in Canada—January 2016.

The total number of insolvencies (bankruptcies and proposals) in Canada decreased by 7.8 percent in January 2016 from the previous month. Bankruptcies decreased by 14.8 percent and proposals increased by 0.3 percent.

The total number of insolvencies in January 2016 was 0.1 percent lower than the total number of insolvencies in January 2015. Consumer insolvencies increased by 0.4 percent, while business insolvencies decreased by 12.8 percent.

For the 12-month period ending January 31, 2016, the total number of insolvencies increased by 2.9 percent compared with the 12-month period ending January 31, 2015.

Consumer insolvencies for the 12-month period ending January 31, 2016, increased by 3.1 percent compared with the 12-month period ending January 31, 2015. Consumer bankruptcies decreased by 1.9 percent, while consumer proposals increased by 9.1 percent. The proportion of proposals in consumer insolvencies increased to 48.0 percent during the 12-month period ending January 31, 2016, up from 45.4 percent during the 12-month period ending January 31, 2015. For the 12-month period ending January 31, 2016, consumer insolvency filings accounted for 96.8 percent of the total insolvency filings.

Business insolvencies for the 12-month period ending January 31, 2016, decreased by 3.6 percent compared with the 12-month period ending January 31, 2015. The three sectors that registered the biggest decrease in the number of insolvencies were transportation and warehousing; professional, scientific and technical services; and administrative and support, waste management and remediation services. Construction experienced the biggest increase in insolvencies.

One Companies’ Creditors Arrangement Act (CCAA) proceeding was filed with the OSB in January 2016. Please refer to the CCAA Records List for additional details. Note: The Insolvency Statistics in Canada—January 2016 report, which pertains to bankruptcies and proposals filed under the Bankruptcy and Insolvency Act, does not include CCAA filings.

Read the report Insolvency Statistics in Canada—January 2016.

Date modified: