CCAA Statistics—Third Quarter of 2020
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Sections
- Highlights
- Table 1: Total CCAA Proceedings―Domestic
- Table 2: Total CCAA Proceedings Filed by Province
- Table 3: CCAA Proceedings Filed by NAICS Economic Sector, Canada
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.
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.
Highlights
Fifteen Companies' Creditors Arrangement Act (CCAA) proceedings were filed with the OSB in the third quarter of 2020. Please refer to the CCAA Records List for additional details regarding each filing.
Company Name | Province | Sector | Monitor | Liabilities (in millions) |
---|---|---|---|---|
Simard-Beaudry Construction Inc. | Quebec | Management of companies and enterprises | Raymond Chabot Inc. | $182.60 |
Constructions Louisbourg Ltée | Quebec | Management of companies and enterprises | Raymond Chabot Inc. | $82.80 |
DAVIDsTEA Inc. DAVIDsTEA (USA) Inc. | Quebec | Retail trade | PricewaterhouseCoopers Inc. | $116.30 |
Stokes Inc. | Quebec | Retail trade | Richter Advisory Group Inc. | $21.70 |
Magasin Laura (P.V.) Inc. / Laura's Shoppe (P.V.) Inc. | Quebec | Retail trade | KPMG Inc. | $103.40 |
Guardian Financial Corp. and other entities listed on Schedule A (Regus) | Ontario | Real estate and rental and leasing | KSV Kofman Inc. | $84.40 |
Ernest Enterprises (Mtl) Ltd. / Les Entreprises Ernest (Mtl) Ltée | Quebec | Retail trade | Ernst & Young Inc. | $4.60 |
UrtheCast Corp., UrtheCast International Corp., Urthecast USA Inc, 1185729 B.C. Ltd. et al. | British Columbia | Manufacturing | Ernst & Young Inc. | $149.00 |
Glenogle Energy Inc., 1651558 Alberta Ltd. and Glenogle Energy LP | Alberta | Mining, quarrying, and oil and gas extraction | Ernst & Young Inc. | $72.60 |
Groupe Dynamite Inc., GRG USA Holdings Inc. and GRG USA LLC | Quebec | Retail trade | Deloitte Restructuring Inc. | $357.30 |
Mountain Equipment Co-operative and 1314625 Ontario Limited | British Columbia | Retail trade | Alvarez & Marsal Canada Inc. | $229.60 |
Pharmhouse Inc. | Ontario | Agriculture, forestry, fishing and hunting | Ernst & Young Inc. | $170.90 |
Hematite Holdings Inc., Hematite Manufacturing Inc., Hematite Industrial Products Inc., Canadian Pavaco Inc., Pavaco Holdings U.S. Inc., Hematite Inc. and Hematite Automotive Products Inc. | Ontario | Manufacturing | KPMG Inc. | $42.10 |
JMX Contracting Inc., JMX National Inc., BRND Properties Inc., and JMX Leasing Inc. (collectively, the "JMX Group") | Ontario | Administrative and support, waste management and remediation services | Crowe Soberman Inc. | $11.60 |
Creditloans Canada Financing Inc. and Creditloans Canada Capital Inc. | British Columbia | Finance and insurance | BDO Canada Ltd. | $60.20 |
Figure 1: Filings by regionFootnote*
For more information, see Table 2: Total CCAA Proceedings Filed by Province.
Figure 2: Filings by NAICS economic sector
For more information, see Table 3: CCAA Proceedings Filed by NAICS Economic Sector, Canada.
Volume | +/- Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Q3 2020 | Q2 2020 | Q3 2019 | Q2 2020 – Q3 2020 | Q3 2019 – Q3 2020 | 09-30-2020 | 09-30-2019 | +/- Change | |
Total Domestic Proceedings FiledFootnote1 | 15 | 27 | 6 | -12 | 9 | 68 | 29 | 39 |
Filing Affiliates |
69 | 114 | 40 | -45 | 29 | 313 | 237 | 76 |
Filed by Publicly-Traded Companies |
2 | 7 | 2 | -5 | 0 | 17 | 6 | 11 |
Filed by Privately-Held Companies |
13 | 20 | 4 | -7 | 9 | 51 | 23 | 28 |
Total Liabilities – Book Value ($ millions)Footnote2 | $1,689.12 | $6,078.28 | $1,104.82 | -$4,389.16 | $584.30 | $12,168.43 | $5,546.66 | $6,621.77 |
% of Secured Liabilities |
37.70% | 51.95% | 64.46% | n/a | n/a | 57.25% | 43.79% | n/a |
% of Unsecured Liabilities |
62.30% | 48.05% | 35.54% | n/a | n/a | 42.75% | 56.21% | n/a |
Total Assets – Book Value ($ millions) | $1,423.09 | $6,600.27 | $1,053.19 | -$5,177.18 | $369.90 | $17,858.93 | $12,817.31 | $5,041.62 |
Volume | +/- Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Q3 2020 | Q2 2020 | Q3 2019 | Q2 2020 – Q3 2020 | Q3 2019 – Q3 2020 | 09-30-2020 | 09-30-2019 | +/- Change | |
Newfoundland and Labrador | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 |
Prince Edward Island | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Nova Scotia | 0 | 0 | 0 | 0 | 0 | 0 | 2 | -2 |
New Brunswick | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quebec | 7 | 5 | 1 | 2 | 6 | 19 | 6 | 13 |
Ontario | 4 | 10 | 2 | -6 | 2 | 25 | 10 | 15 |
Manitoba | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Saskatchewan | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
Alberta | 1 | 9 | 0 | -8 | 1 | 14 | 3 | 11 |
British Columbia | 3 | 3 | 3 | 0 | 0 | 9 | 7 | 2 |
Northwest Territories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Yukon | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Nunavut | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Canada | 15 | 27 | 6 | -12 | 9 | 68 | 29 | 39 |
Volume | +/- Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Q3 2020 | Q2 2020 | Q3 2019 | Q2 2020 – Q3 2020 | Q3 2019 – Q3 2020 | 09-30-2020 | 09-30-2019 | +/- Change | |
Agriculture, Forestry, Fishing and Hunting | 1 | 3 | 1 | -2 | 0 | 8 | 2 | 6 |
Mining, Quarrying and Oil and Gas Extraction | 1 | 7 | 3 | -6 | -2 | 13 | 7 | 6 |
Utilities | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 |
Construction | 0 | 1 | 0 | -1 | 0 | 3 | 2 | 1 |
Manufacturing | 2 | 4 | 0 | -2 | 2 | 12 | 4 | 8 |
Wholesale Trade | 0 | 0 | 1 | 0 | -1 | 1 | 4 | -3 |
Retail Trade | 6 | 4 | 1 | 2 | 5 | 11 | 3 | 8 |
Transportation and Warehousing | 0 | 0 | 0 | 0 | 0 | 1 | 2 | -1 |
Information and Cultural Industries | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
Finance and Insurance | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 0 |
Real Estate, Rental and Leasing | 1 | 3 | 0 | -2 | 1 | 6 | 0 | 6 |
Professional, Scientific and Technical Services | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 |
Management of Companies and Enterprises | 2 | 1 | 0 | 1 | 2 | 4 | 0 | 4 |
Administrative and Support, Waste Management and Remediation Services | 1 | 2 | 0 | -1 | 1 | 4 | 1 | 3 |
Educational Services | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
Health Care and Social Assistance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Arts, Entertainment and Recreation | 0 | 1 | 0 | -1 | 0 | 1 | 0 | 1 |
Accommodation and Food Services | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Services (except Public Administration) | 0 | 1 | 0 | -1 | 0 | 1 | 0 | 1 |
Public Administration | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Canada | 15 | 27 | 6 | -12 | 9 | 68 | 29 | 39 |
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