The economic conditions caused by the COVID-19 pandemic are unprecedented: unemployment is up, consumer confidence is down, countless businesses have permanently closed and many others are barely holding on. Yet the number of bankruptcies of individuals and small and medium-sized businesses has plummeted since the pandemic was declared earlier this year. Unusual as this might seem, this trend is evident throughout the developed world.
In this report, we provide a detailed analysis of the data on insolvency filings available in Canada, situated in historical, geographic and sectorial contexts.
We analyze the key trends that have emerged in bankruptcies, proposals, receiverships and arrangements under the Canada Business Corporations Act and filings under the Companies’ Creditors Arrangement Act.
Finally, we offer a look ahead to what we might expect in the post-pandemic era.
Navigating Uncertainty: The Impact of Tariffs and Economic Shifts on Canadian Insolvencies
May 13, 2025 - In this issue of Insolvency Now, we continue to report on data trends from Q3 and Q4 of 2024, during which we noticed that the number of insolvency filings had steadily decreased compared with the previous year, returning to Q2 and Q3 2023 levels. Key Takeaways: U.S. tariffs on...
Nov. 19, 2024 - In this issue of Insolvency Now, we report on the data trends we are seeing so far in 2024 compared with when we first started tracking data in 2019. Key Takeaways: Overall, we are seeing a marked increase in filings, but we are not yet seeing the level of sector-specific distress...
