Tag: CAIRP

Canada

Canadian Business Insolvencies See The Biggest Increase In 36 Years, Off Lows: CAIRP

February 7, 2022

Canada’s economy is beginning to normalize, including the number of businesses filing for insolvency. According to Office of the Superintendent of Bankruptcy (OSB) data, business insolvencies remain lower than pre-pandemic levels. Though in Q4 2021, there’s been a sudden surge of filings making up for lost time, rising at the fastest rate in 36 years. […]

Canada

Canadian Consumer Insolvencies Soar 28%, Biggest Monthly Jump In Over 10 Years

May 13, 2021

The Canadian economy is picking up speed, and so is the number of consumer insolvencies. Office of the Superintendent of Bankruptcy (OSB) data shows March saw a sudden increase in filings. The unexpected monthly increase was the biggest in almost a decade. Consumer insolvencies are now at the highest level since the pandemic first began. […]