Total Business Insolvencies in Canada
800
700
600
500
400
300
200
100
0
Jan Feb Mar
April
May
Jun
Jul
Aug Sep Oct
Nov
Dec
2019
2020
2021
2022
2023
2024
Figure 2: Total Business Bankruptcies in Canada
Figure 2: Total Business Bankruptcies in Canada
Business Bankruptcies in Canada
700
600
500
400
300
200
100
0
Jan Feb Mar
April
May Jun
Jul
Aug Sep Oct
Nov
Dec
2019
2020
2021
2022
2023
2024
Figure 3: Business Proposals in Canada
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Figure 3: Business Proposals in Canada
Business Proposals in Canada
100 120 140 160
5
0 20 40 60 80
Jan Feb Mar
April
May
Jun
Jul
Aug Sep Oct
Nov
Dec
2019
2020
2021
2022
2023
2024
BUSINESS INSOLVENCIES BY SECTOR Business proposals in the retail sector continued at a similar pattern to the first half of 2023. The Arts/Entertainment and retail sectors experienced a spike in bankruptcies in January (outliers to previous January numbers), but the numbers started declining significantly in February, bringing them closer to historical patterns. As shown in Figure 4, January 2024 had the highest total
5
Davies Insolvency Now: Issue 11
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