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Insolvencies jumped 11.5% annually in June, Canada’s bankruptcy monitor shows

Insolvencies in Canada are floating around levels not seen since the global financial crisis more than 15 years ago, new data shows.The Office of the Superintendent of Bankruptcies released updated figures on Monday showing 13,254 insolvencies were filed in June, up 5.7 per cent compared with May and 11.5 per cent from a year ago.Consumers — who make up the bulk of insolvency filings — led the annual increase, though business filings were also on the rise year-over-year.”While the data has been quite volatile over the past year, even on a seasonally-adjusted basis, insolvencies have been stabilizing at levels not…

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