Figure 9: Québec Receiverships
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CCAA Activity Surged in 2023: Four Provinces Dominated
The number of CCAA proceedings in 2023 totaled 110 proceedings, as compared to 41 proceedings in 2022 and 26 proceedings in 2021. Following a significant hike in activity between Q1 and Q2 2023, there has been a stable and high level of CCAA activity from Q2 2023 onwards. 39 cases, or 35.5% of all 2023 proceedings were relevant to the manufacturing sector, with the second highest CCAA activity observed in the retail trade sector at 17 cases or 15.5% of all proceedings.
Figure 10: CCAA Proceedings in Canada
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Davies Insolvency Now: Issue 10
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