Insolvencies jumped 11.5% annually in June, Canada’s bankruptcy monitor shows

OTTAWA - Data released this week shows insolvencies in Canada are floating around levels not seen since the global financial crisis.

The Office of the Superintendent of Bankruptcies released new figures on Monday showing more than 13,000 insolvencies were filed in June, up 5.7 per cent compared to May and 11.5 per cent compared to a year ago.