KYC Economic Conditions - Insolvency Statistics

Monthly Insolvency Statistics, Monthly

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Source: Office of the Superintendent of Bankruptcy, Insolvency Statistics in Canada by Forward Sortation Area (FSA)

Information

Data:

2013 - Now

Info:

Canada monthly insolvency filings by type (provincial totals summed).

Bankruptcy: The state of a consumer or a business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.

Proposal: An offer to creditors to settle debts under conditions other than the existing terms. A proposal is a formal agreement under the Bankruptcy and Insolvency Act.

Consumer: An individual with more than 50% of total liabilities related to consumer goods and services.

Business: Any commercial entity or organization other than an individual, or an individual who has incurred 50% or more of total liabilities as a result of operating a business.

Insights:

1)Three Differentiating Factors Behind Canada's GDP among G7

2)Without those 3 tricks and the historically low-interest-rate environment, what would be left?