Insolvency Canada (Q3 2008 Statistics)

The Office of the Superintendent of Bankruptcy Canada, an Agency of Industry Canada, has released the third quarter results for bankruptcies filed by consumers. The results indicate a continuation of economic slowdown across the country and including Ontario.

Versus Q2 2008 bankruptcies are slightly higher (Ontario 0.8% and Canada 1.6%), however when compared with the third quarter last year, the increase is drastic (Ontario 17.3% and Canada 16.8%). Toronto has shown a slight improvement versus the prior quarter with consumer bankruptcies down 0.7%.



One response to “Insolvency Canada (Q3 2008 Statistics)

  1. I enjoyed reading your blog entry. It seems to be in sync with what I have written at my blog at Keep up the good work!

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