Office of the Superintendent of Bankruptcy

Insolvencies on the rise in Canada: report

Mario Toneguzzi -
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.

Consumer insolvencies surge in first quarter to highest level since 2019

Mario Toneguzzi -
Equivalent to roughly 17 Canadians filing for insolvency every hour during the quarter, on average.

Consumer insolvencies reach second-highest annual level on record in 2025 as business filings fall

Mario Toneguzzi -
Consumer insolvencies rose 2.3 per cent last year from 2024 to 140,457 filings.

Q3 2025 Canadian consumer insolvencies climb 4.8% year-over-year, reaching highest level since 2009

Mario Toneguzzi -
Behind these numbers are Canadians who continue to struggle to balance daily expenses with mounting debt obligations.

Consumer insolvencies on the rise; business declines but still elevated: CAIRP

Mario Toneguzzi -
The Association said that even with short-term fluctuations, consumer insolvency volumes in 2025 remain notably higher than pre-pandemic norms.
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