The total number of insolvencies (bankruptcies and proposals) in Canada increased by 5.7% in June 2026 compared to the previous month. Bankruptcies increased by 3.0% and proposals increased by 6.6%, according to a new report by the Office of the Superintendent of Bankruptcy.
The total number of insolvencies in June 2026 was 11.5% higher than the total number of insolvencies in June 2025. Consumer insolvencies increased by 11.8%, while business insolvencies increased by 5.5%, it said, adding that for the 12‑month period ending June 30, 2026, the total number of insolvencies increased by 5.3% in comparison to the 12‑month period ending June 30, 2025.
“Consumer insolvencies for the 12‑month period ending June 30, 2026, increased by 5.9% in comparison to the 12‑month period ending June 30, 2025. Consumer bankruptcies increased by 8.4%, while consumer proposals increased by 5.2%. The proportion of proposals in consumer insolvencies decreased to 78.3% during the 12‑month period ending June 30, 2026, down from 78.8% during the 12‑month period ending June 30, 2025. For the 12‑month period ending June 30, 2026, consumer insolvency filings accounted for 96.8% of total insolvency filings,” said the report.
“Business insolvencies for the 12‑month period ending June 30, 2026, decreased by 9.7% compared with the 12‑month period ending June 30, 2025. Management of Companies and Enterprises; Accommodation and Food Services; and Mining, Quarrying, and Oil and Gas Extraction registered the largest increases in the number of insolvencies. Retail Trade; Wholesale Trade; and Health Care and Social Assistance registered the largest decreases in the number of insolvencies.”
More from Retail Insider:
