In the last quarter of 2020, the number business insolvencies in Canada amounted to 907. Compared to the previous quarter of the same year, the number of bankruptcies and proposals experienced an increase. In total, there were 2,786 insolvencies in Canada in 2020, while in 2019 there were 3,680.
Number of businesses insolvencies in Canada in selected quarters between 4th quarter 2019 and 4th quarter 2020
Characteristic
Number of insolvencies
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Including both bankruptcies and proposals.
Bankruptcies: any business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.
Proposals: an offer to creditors to settle debts under conditions other than the existing terms, constituting a formal agreement under the Bankruptcy and Insolvency Act.
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Innovation, Science and Economic Development Canada. (February 5, 2021). Number of businesses insolvencies in Canada in selected quarters between 4th quarter 2019 and 4th quarter 2020 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1227207/quarterly-number-of-businesses-insolvencies-in-canada/
Innovation, Science and Economic Development Canada. "Number of businesses insolvencies in Canada in selected quarters between 4th quarter 2019 and 4th quarter 2020." Chart. February 5, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1227207/quarterly-number-of-businesses-insolvencies-in-canada/
Innovation, Science and Economic Development Canada. (2021). Number of businesses insolvencies in Canada in selected quarters between 4th quarter 2019 and 4th quarter 2020. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1227207/quarterly-number-of-businesses-insolvencies-in-canada/
Innovation, Science and Economic Development Canada. "Number of Businesses Insolvencies in Canada in Selected Quarters between 4th Quarter 2019 and 4th Quarter 2020." Statista, Statista Inc., 5 Feb 2021, https://www.statista.com/statistics/1227207/quarterly-number-of-businesses-insolvencies-in-canada/
Innovation, Science and Economic Development Canada, Number of businesses insolvencies in Canada in selected quarters between 4th quarter 2019 and 4th quarter 2020 Statista, https://www.statista.com/statistics/1227207/quarterly-number-of-businesses-insolvencies-in-canada/ (last visited August 24, 2024)
Number of businesses insolvencies in Canada in selected quarters between 4th quarter 2019 and 4th quarter 2020 [Graph], Innovation, Science and Economic Development Canada, February 5, 2021. [Online]. Available: https://www.statista.com/statistics/1227207/quarterly-number-of-businesses-insolvencies-in-canada/
