Consumer, Business Insolvencies Rising Month to Month, Year to Year

Shoppers walk past a boarded up storefront on Saint-Catherine Street in downtown Montreal, on Dec. 19, 2023. The Canadian Press/Christinne Muschi

Insolvencies in November were 5.1 percent higher than in October, and 24.4 percent higher than a year earlier.

The Office of the Superintendent of Bankruptcy says consumer insolvencies were up 24 percent in November compared with a year ago, while business insolvencies rose 36.8 percent.