Number of Insolvencies in Canada Drops by More Than 2 Percent Year-Over-Year: Report

Canadian dollar coins are pictured in North Vancouver, on May 29, 2019. The Canadian Press/Jonathan Hayward

The total number of insolvencies filed increased in May compared to April, but is down more than 2 percent since May 2024, according to data from the Office of the Superintendent of Bankruptcy.

In May, the number of insolvencies was up 2.3 percent over April, but was down 2.6 percent from May last year, the report found.