RECEIVERSHIPS IN CANADA OVERALL
As shown in Figure 5, all months had the highest volume of total receiverships since 2019 or 2020. Court- appointed receiverships in 2024 were much higher than comparable months in 2023 (except February and May) at two to three times the previous year’s monthly numbers (see Figure 6). January had highest value of declared assets under receivership in one month, with five to six times the January 2022 and 2023 numbers. - 8 - - 8 -
Figure 5: Receiverships in Canada by Volume Figure 5: Receiverships in Canada by Volume
Receiverships in Canada by Volume Receiverships in Canada by Volume
Figure 5: Receiverships in Canada by Volume
0 10 0 10 20 30 40 50 60 70 80 90 20 30 40 50 60 70 80 90
Jan Feb Mar
Apr
May Jun Jul
Aug Sep Oct
Nov Dec
Jan Feb Mar
Apr
May Jun Jul
Aug Sep Oct
Nov Dec
2019
2020
2021
2022
2023
2024
2019
2020
2021
2022
2023
2024
Figure 6 : Court-Appointed Receiverships in Canada by Volume Figure 6 : Court-Appointed Receiverships in Canada by Volume
Court-Appointed Receiverships in Canada by Volume Court-Appointed Receiverships in Canada by Volume
Figure 6: Court-Appointed Receiverships in Canada by Volume
0 10 0 10 20 30 40 50 60 20 30 40 50 60
Jan Feb Mar
Apr
May Jun Jul
Aug Sep Oct
Nov Dec
Jan Feb Mar
Apr
May Jun Jul
Aug Sep Oct
Nov Dec
2019
2020
2021
2022
2023
2024
2019
2020
2021
2022
2023
2024
CCAA BY SECTOR The total number of CCAA filings in Q1 2024 is comparable to the total number in Q1 2023, but the sector mix changed significantly. There was a spike in agriculture, forestry, fishing and hunting filings in Q1 with the highest number recorded in one quarter since tracking began in 2019. As shown in Figure 7, in 2024, manufacturing filings dropped from 2023 results, with 27% of the quarterly average in 2023, or one-third of Q1 2023; however, we saw the strongest uptick in filings CCAA BY SECTOR The total number of CCAA filings in Q1 2024 is comparable to the total number in Q1 2023, but the sector mix changed significantly. There was a spike in agriculture, forestry, fishing and hunting filings in Q1 with the highest number recorded in one quarter since tracking began in 2019. As shown in Figure 7, in 2024, manufacturing filings dropped from 2023 results, with 27% of the quarterly average in 2023, or one-third of Q1 2023; however, we saw the strongest uptick in filings in this sector in Q2 2024. The Q2 2024 filings are similar in total and sector mix to those in Q2 2023. The number of CCAA filings in the retail trade sector was down 60% in the first half of 2024
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Davies Insolvency Now: Issue 11
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