CCAA Statistics in Canada—Second Quarter of 2014

Tables

Definitions

CCAA:
The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. CCAA proceedings are carried out under supervision of the courts.
Cross-Border Proceedings:
When a proceeding is filed in a foreign jurisdiction where the debtor company has the centre of its main interests, it is referred to as a foreign main proceeding. Proceedings brought before any other court would generally be referred to as foreign non-main proceedings.
North American Industry Classification System (NAICS):
The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.
Table 1: Total CCAA Proceedings—Domestic
type Volume +/−
Change
12-Month Period Ending
Q2 2014 Q1 2014 Q2 2013 Q1 2014 –
Q2 2014
Q2 2013 –
Q2 2014
06-30-2014 06-30-2013 +/−
Change
Total Domestic Proceedings FiledFootnote 1 7 4 7 3 0 30 27 3
Filing Affiliates 11 2 41 9 -30 147 75 72
Filed by Publicly-Traded Companies
2 0 2 2 0 9 6 3
Filed by Privately-Held Companies
5 4 5 1 0 21 21 0
Total Liabilities—
Book Value ($millions)Footnote 2
$687.368 $263.638 $219.736 $423.729 $467.632 $3,373.909 $1,708.008 $1,665.902
% of Secured Liabilities
60.77% 83.06% 62.26% 45.16% 60.19%
% of Unsecured Liabilities
39.23% 16.94% 37.74% 54.84% 39.81%
Total Assets— Book Value ($millions) $781.429 $185.138 $336.818 $596.291 $444.611 $3,646.260 $2,234.790 $1,411.470
Table 2: Total CCAA Proceedings—Cross-Border
  Volume +/−
Change
12-Month Period Ending
Q2 2014 Q1 2014 Q2 2013 Q1 2014 –
Q2 2014
Q2 2013 –
Q2 2014
06-30-2014 06-30-2013 +/−
Change
Total Cross-Border Proceedings FiledFootnote 3 0 0 0 0 0 0 2 -2
Foreign Main Proceedings
0 0 0 0 0 0 2 -2
Foreign Non-Main Proceedings
0 0 0 0 0 0 0 0
Total Liabilities—
Book Value ($millions)Footnote 4
$0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $214.856Footnote 5 -$214.856Footnote 5
Total Assets—
Book Value ($millions)
$0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $205.025Footnote 5 -$205.025Footnote 5
Table 3: Total CCAA Proceedings Filed by Province
Empty cell Volume +/−
Change
12-Month Period Ending
Q2 2014 Q1 2014 Q2 2013 Q1 2014 –
Q2 2014
Q2 2013 –
Q2 2014
06-30-2014 06-30-2013 +/−
Change
Newfoundland and Labrador
Domestic
Cross-Border
Prince Edward Island 1 -1 1 1
Domestic 1 -1 1 1
Cross-Border
Nova Scotia
Domestic
Cross-Border
New Brunswick 1 -1
Domestic 1 -1
Cross-Border
Quebec 2 1 -2 -1 6 3 3
Domestic 2 1 -2 -1 6 3 3
Cross-Border
Ontario 2 1 2 1 10 9 1
Domestic 2 1 2 1 10 8 2
Cross-Border 1 -1
Manitoba 1 -1 2 -2
Domestic 1 -1 2 -2
Cross-Border
Saskatchewan
Domestic
Cross-Border
Alberta 2 2 2 5 11 -6
Domestic 2 2 2 5 11 -6
Cross-Border
British Columbia 3 1 3 2 8 3 5
Domestic 3 1 3 2 8 2 6
Cross-Border 1 -1
Northwest Territories
Domestic
Cross-Border
Yukon
Domestic
Cross-Border
Nunavut
Domestic
Cross-Border
Canada 7 4 7 3 0 30 29 1
Domestic 7 4 7 3 0 30 27 3
Cross-Border 0 0 0 0 0 0 2 -2
Table 4: CCAA Proceedings Filed by NAICS Economic Sector, CanadaFootnote 6
Sector Volume +/−
Change
12-Month Period Ending
Q2 2014 Q1 2014 Q2 2013 Q1 2014
Q2 2014
Q2 2013
Q2 2014
06-30-2014 06-30-2013 +/−
Change
Agriculture, Forestry, Fishing and Hunting 1 1 0
Domestic 1 1 0
Cross-Border
Mining and Oil and Gas Extraction 2 2 2 8 6 2
Domestic 2 2 2 8 6 2
Cross-Border
Utilities
Domestic
Cross-Border
Construction 2 2 2 5 7 -2
Domestic 2 2 2 5 7 -2
Cross-Border
Manufacturing 2 1 1 2 5 6 -1
Domestic 2 1 1 2 5 5 0
Cross-Border 1 -1
Wholesale Trade 1 1
Domestic 1 1
Cross-Border
Retail Trade 1 -1 3 -3
Domestic 1 -1 3 -3
Cross-Border
Transportation and Warehousing 2 1 1
Domestic 2 1 1
Cross-Border
Information and Cultural Industries 1 2 -1
Domestic 1 1 0
Cross-Border 1 -1
Finance and Insurance 1 1 1 3 3
Domestic 1 1 1 3 3
Cross-Border
Real Estate, Rental and Leasing 2 -2 3 3
Domestic 2 -2 3 3
Cross-Border
Professional, Scientific and Technical Services 1 -1 1 -1
Domestic 1 -1 1 -1
Cross-Border
Management of Companies and Enterprises 1 2 -1
Domestic 1 2 -1
Cross-Border
Administrative and Support, Waste Management and Remediation Services
Domestic
Cross-Border
Educational Services
Domestic
Cross-Border
Health Care and Social Assistance
Domestic
Cross-Border
Arts, Entertainment and Recreation 1 1 0
Domestic 1 1 0
Cross-Border
Accommodation and Food Services
Domestic
Cross-Border
Other Services (except Public Administration) 1 -1 1 -1
Domestic 1 -1 1 -1
Cross-Border
Public Administration
Domestic
Cross-Border
Canada 7 4 7 3 0 31 31 0
Domestic 7 4 7 3 0 31 29 2
Cross-Border 0 0 0 0 0 0 2 -2
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