Insolvency Statistics in Canada—Fourth Quarter of 2017

Table 6: Insolvencies Filed by Businesses by Economic Region (ER)
province or region Volume % Change 12-Month Period Ending
Q4 2017 Q3 2017 Q4 2016 Q3 2017
to
Q4 2017
Q4 2016
to
Q4 2017
12-31-2017 12-31-2016 % Change
Newfoundland and Labrador 10 7 10 42.9 0.0 36 28 28.6
Bankruptcies 5 6 9 -16.7 -44.4 23 22 4.5
Proposals 5 1 1 400.0 400.0 13 6 116.7
Avalon Peninsula 7 5 5 40.0 40.0 27 16 68.8
Bankruptcies 2 5 4 -60.0 -50.0 15 10 50.0
Proposals 5 0 1 n/a 400.0 12 6 100.0
South Coast – Burin Peninsula 0 0 3 n/a -100.0 1 4 -75.0
Bankruptcies 0 0 3 n/a -100.0 1 4 -75.0
Proposals 0 0 0 n/a n/a 0 0 n/a
West Coast – Northern Peninsula – Labrador 3 1 2 200.0 50.0 5 3 66.7
Bankruptcies 3 1 2 200.0 50.0 5 3 66.7
Proposals 0 0 0 n/a n/a 0 0 n/a
Notre Dame – Central Bonavista Bay 0 1 0 -100.0 n/a 3 5 -40.0
Bankruptcies 0 0 0 n/a n/a 2 5 -60.0
Proposals 0 1 0 -100.0 n/a 1 0 n/a
Prince Edward Island 0 2 1 -100.0 -100.0 12 13 -7.7
Bankruptcies 0 2 0 -100.0 n/a 10 7 42.9
Proposals 0 0 1 n/a -100.0 2 6 -66.7
Nova Scotia 10 17 18 -41.2 -44.4 49 75 -34.7
Bankruptcies 8 14 13 -42.9 -38.5 43 63 -31.7
Proposals 2 3 5 -33.3 -60.0 6 12 -50.0
Cape Breton 0 1 0 -100.0 n/a 3 4 -25.0
Bankruptcies 0 0 0 n/a n/a 2 2 0.0
Proposals 0 1 0 -100.0 n/a 1 2 -50.0
North Shore 5 1 6 400.0 -16.7 8 13 -38.5
Bankruptcies 4 1 4 300.0 0.0 6 11 -45.5
Proposals 1 0 2 n/a -50.0 2 2 0.0
Annapolis Valley 1 2 2 -50.0 -50.0 5 9 -44.4
Bankruptcies 1 2 2 -50.0 -50.0 5 9 -44.4
Proposals 0 0 0 n/a n/a 0 0 n/a
Southern 0 1 7 -100.0 -100.0 6 13 -53.8
Bankruptcies 0 1 5 -100.0 -100.0 6 10 -40.0
Proposals 0 0 2 n/a -100.0 0 3 -100.0
Halifax 4 12 3 -66.7 33.3 27 35 -22.9
Bankruptcies 3 10 2 -70.0 50.0 24 29 -17.2
Proposals 1 2 1 -50.0 0.0 3 6 -50.0
New Brunswick 20 6 13 233.3 53.8 57 59 -3.4
Bankruptcies 11 6 11 83.3 0.0 43 45 -4.4
Proposals 9 0 2 n/a 350.0 14 14 0.0
Campbellton – Miramichi 1 0 5 n/a -80.0 8 14 -42.9
Bankruptcies 1 0 4 n/a -75.0 7 10 -30.0
Proposals 0 0 1 n/a -100.0 1 4 -75.0
Moncton – Richibucto 15 2 4 650.0 275.0 23 16 43.8
Bankruptcies 8 2 3 300.0 166.7 14 13 7.7
Proposals 7 0 1 n/a 600.0 9 3 200.0
Saint John – St. Stephen 2 3 2 -33.3 0.0 10 13 -23.1
Bankruptcies 1 3 2 -66.7 -50.0 9 10 -10.0
Proposals 1 0 0 n/a n/a 1 3 -66.7
Fredericton – Oromocto 0 0 2 n/a -100.0 4 5 -20.0
Bankruptcies 0 0 2 n/a -100.0 3 3 0.0
Proposals 0 0 0 n/a n/a 1 2 -50.0
Edmundston – Woodstock 2 1 0 100.0 n/a 11 10 10.0
Bankruptcies 1 1 0 0 n/a 9 8 12.5
Proposals 1 0 0 n/a n/a 2 2 0.0
Quebec 531 440 526 20.7 1.0 2,061 2,197 -6.2
Bankruptcies 401 328 400 22.3 0.3 1,563 1,660 -5.8
Proposals 130 112 126 16.1 3.2 498 537 -7.3
Gaspésie – Îles-de-la-Madeleine 5 1 7 400.0 -28.6 11 15 -26.7
Bankruptcies 3 1 7 200.0 -57.1 8 14 -42.9
Proposals 2 0 0 n/a n/a 3 1 200.0
Bas-Saint-Laurent 9 7 7 28.6 28.6 46 50 -8.0
Bankruptcies 7 7 6 0.0 16.7 36 39 -7.7
Proposals 2 0 1 n/a 100.0 10 11 -9.1
Capitale-Nationale 52 42 45 23.8 15.6 211 201 5.0
Bankruptcies 39 36 26 8.3 50.0 165 139 18.7
Proposals 13 6 19 116.7 -31.6 46 62 -25.8
Chaudière – Appalaches 23 20 21 15.0 9.5 101 105 -3.8
Bankruptcies 20 18 16 11.1 25.0 87 80 8.8
Proposals 3 2 5 50.0 -40.0 14 25 -44.0
Estrie 8 7 14 14.3 -42.9 42 52 -19.2
Bankruptcies 6 7 10 -14.3 -40.0 36 42 -14.3
Proposals 2 0 4 n/a -50.0 6 10 -40.0
Centre-du-Québec 14 11 25 27.3 -44.0 47 55 -14.5
Bankruptcies 13 11 15 18.2 -13.3 36 37 -2.7
Proposals 1 0 10 n/a -90.0 11 18 -38.9
Montérégie 82 68 87 20.6 -5.7 327 357 -8.4
Bankruptcies 65 52 73 25.0 -11.0 250 289 -13.5
Proposals 17 16 14 6.3 21.4 77 68 13.2
Montréal 143 132 142 8.3 0.7 556 611 -9.0
Bankruptcies 101 90 109 12.2 -7.3 400 455 -12.1
Proposals 42 42 33 0.0 27.3 156 156 0.0
Laval 26 31 24 -16.1 8.3 133 111 19.8
Bankruptcies 18 19 16 -5.3 12.5 99 80 23.8
Proposals 8 12 8 -33.3 0.0 34 31 9.7
Lanaudière 42 25 30 68.0 40.0 117 135 -13.3
Bankruptcies 34 16 23 112.5 47.8 85 106 -19.8
Proposals 8 9 7 -11.1 14.3 32 29 10.3
Laurentides 43 39 54 10.3 -20.4 164 226 -27.4
Bankruptcies 34 30 40 13.3 -15.0 126 157 -19.7
Proposals 9 9 14 0.0 -35.7 38 69 -44.9
Outaouais 18 11 17 63.6 5.9 68 81 -16.0
Bankruptcies 12 6 13 100.0 -7.7 47 62 -24.2
Proposals 6 5 4 20.0 50.0 21 19 10.5
Abitibi – Témiscamingue 14 9 5 55.6 180.0 44 29 51.7
Bankruptcies 14 6 5 133.3 180.0 37 28 32.1
Proposals 0 3 0 -100.0 n/a 7 1 600.0
Mauricie 26 15 23 73.3 13.0 98 85 15.3
Bankruptcies 14 12 19 16.7 -26.3 73 70 4.3
Proposals 12 3 4 300.0 200.0 25 15 66.7
Saguenay – Lac-Saint-Jean 17 17 18 0.0 -5.6 57 57 0.0
Bankruptcies 15 14 17 7.1 -11.8 48 46 4.3
Proposals 2 3 1 -33.3 100.0 9 11 -18.2
Côte-Nord 4 3 5 33.3 -20.0 25 20 25.0
Bankruptcies 3 1 4 200.0 -25.0 20 15 33.3
Proposals 1 2 1 -50.0 0.0 5 5 0.0
Nord-du-Québec 2 0 0 n/a n/a 5 1 400.0
Bankruptcies 1 0 0 n/a n/a 4 1 300.0
Proposals 1 0 0 n/a n/a 1 0 n/a
Ontario 229 215 225 6.5 1.8 878 940 -6.6
Bankruptcies 160 157 163 1.9 -1.8 632 691 -8.5
Proposals 69 58 62 19.0 11.3 246 249 -1.2
Ottawa 22 28 29 -21.4 -24.1 110 92 19.6
Bankruptcies 17 21 19 -19.0 -10.5 83 68 22.1
Proposals 5 7 10 -28.6 -50.0 27 24 12.5
Kingston – Pembroke 4 6 4 -33.3 0.0 16 16 0.0
Bankruptcies 4 5 4 -20.0 0.0 15 12 25.0
Proposals 0 1 0 -100.0 n/a 1 4 -75.0
Muskoka – Kawarthas 5 1 7 400.0 -28.6 13 14 -7.1
Bankruptcies 3 0 7 n/a -57.1 7 12 -41.7
Proposals 2 1 0 100.0 n/a 6 2 200.0
Toronto 127 118 116 7.6 9.5 470 495 -5.1
Bankruptcies 86 81 82 6.2 4.9 331 363 -8.8
Proposals 41 37 34 10.8 20.6 139 132 5.3
Kitchener – Waterloo – Barrie 13 14 16 -7.1 -18.8 50 76 -34.2
Bankruptcies 10 11 14 -9.1 -28.6 38 58 -34.5
Proposals 3 3 2 0.0 50.0 12 18 -33.3
Hamilton – Niagara Peninsula 31 17 14 82.4 121.4 96 101 -5.0
Bankruptcies 21 15 12 40.0 75.0 72 85 -15.3
Proposals 10 2 2 400.0 400.0 24 16 50.0
London 7 7 16 0.0 -56.3 33 47 -29.8
Bankruptcies 4 6 9 -33.3 -55.6 19 28 -32.1
Proposals 3 1 7 200.0 -57.1 14 19 -26.3
Windsor – Sarnia 11 8 16 37.5 -31.3 29 53 -45.3
Bankruptcies 6 5 13 20.0 -53.8 18 42 -57.1
Proposals 5 3 3 66.7 66.7 11 11 0.0
Stratford – Bruce Peninsula 3 5 1 -40.0 200.0 19 8 137.5
Bankruptcies 3 4 0 -25.0 n/a 18 5 260.0
Proposals 0 1 1 -100.0 -100.0 1 3 -66.7
Northeast 5 7 1 -28.6 400.0 25 16 56.3
Bankruptcies 5 6 0 -16.7 n/a 20 7 185.7
Proposals 0 1 1 -100.0 -100.0 5 9 -44.4
Northwest 1 2 4 -50.0 -75.0 11 15 -26.7
Bankruptcies 1 2 3 -50.0 -66.7 9 10 -10.0
Proposals 0 0 1 n/a -100.0 2 5 -60.0
Manitoba 10 7 14 42.9 -28.6 39 52 -25.0
Bankruptcies 8 4 7 100.0 14.3 33 34 -2.9
Proposals 2 3 7 -33.3 -71.4 6 18 -66.7
Southeast 2 0 0 n/a n/a 6 4 50.0
Bankruptcies 2 0 0 n/a n/a 6 3 100.0
Proposals 0 0 0 n/a n/a 0 1 -100.0
South Central 1 1 0 0.0 n/a 3 8 -62.5
Bankruptcies 1 0 0 n/a n/a 2 6 -66.7
Proposals 0 1 0 -100.0 n/a 1 2 -50.0
Southwest 2 2 8 0.0 -75.0 4 13 -69.2
Bankruptcies 2 1 3 100.0 -33.3 3 8 -62.5
Proposals 0 1 5 -100.0 -100.0 1 5 -80.0
North Central 0 0 0 n/a n/a 2 1 100.0
Bankruptcies 0 0 0 n/a n/a 2 1 100.0
Proposals 0 0 0 n/a n/a 0 0 n/a
Winnipeg 1 2 4 -50.0 -75.0 14 20 -30.0
Bankruptcies 1 1 2 0.0 -50.0 12 10 20.0
Proposals 0 1 2 -100.0 -100.0 2 10 -80.0
Interlake 1 0 2 n/a -50.0 5 6 -16.7
Bankruptcies 1 0 2 n/a -50.0 5 6 -16.7
Proposals 0 0 0 n/a n/a 0 0 n/a
Parklands 3 2 0 50.0 n/a 5 0 n/a
Bankruptcies 1 2 0 -50.0 n/a 3 0 n/a
Proposals 2 0 0 n/a n/a 2 0 n/a
North 0 0 0 n/a n/a 0 0 n/a
Bankruptcies 0 0 0 n/a n/a 0 0 n/a
Proposals 0 0 0 n/a n/a 0 0 n/a
Saskatchewan 43 22 28 95.5 53.6 136 117 16.2
Bankruptcies 36 18 22 100.0 63.6 104 91 14.3
Proposals 7 4 6 75.0 16.7 32 26 23.1
Regina – Moose Mountain 13 9 16 44.4 -18.8 37 52 -28.8
Bankruptcies 11 5 11 120.0 0.0 24 40 -40.0
Proposals 2 4 5 -50.0 -60.0 13 12 8.3
Swift Current – Moose Jaw 1 1 2 0.0 -50.0 19 11 72.7
Bankruptcies 1 1 2 0.0 -50.0 12 10 20.0
Proposals 0 0 0 n/a n/a 7 1 600.0
Saskatoon – Biggar 21 5 4 320.0 425.0 45 26 73.1
Bankruptcies 19 5 4 280.0 375.0 39 18 116.7
Proposals 2 0 0 n/a n/a 6 8 -25.0
Yorkton – Melville 3 2 2 50.0 50.0 11 11 0.0
Bankruptcies 3 2 1 50.0 200.0 8 10 -20.0
Proposals 0 0 1 n/a -100.0 3 1 200.0
Prince Albert 4 4 3 0.0 33.3 20 12 66.7
Bankruptcies 2 4 3 -50.0 -33.3 18 10 80.0
Proposals 2 0 0 n/a n/a 2 2 0.0
Northern 1 0 0 n/a n/a 3 0 n/a
Bankruptcies 0 0 0 n/a n/a 2 0 n/a
Proposals 1 0 0 n/a n/a 1 0 n/a
Alberta 52 48 63 8.3 -17.5 195 168 16.1
Bankruptcies 35 28 44 25.0 -20.5 131 121 8.3
Proposals 17 20 19 -15.0 -10.5 64 47 36.2
Lethbridge – Medicine Hat 1 1 1 0.0 0.0 3 2 50.0
Bankruptcies 1 1 1 0.0 0.0 3 2 50.0
Proposals 0 0 0 n/a n/a 0 0 n/a
Camrose – Drumheller 2 0 1 n/a 100.0 5 2 150.0
Bankruptcies 2 0 1 n/a 100.0 3 2 50.0
Proposals 0 0 0 n/a n/a 2 0 n/a
Calgary 27 19 37 42.1 -27.0 92 84 9.5
Bankruptcies 20 16 23 25.0 -13.0 69 59 16.9
Proposals 7 3 14 133.3 -50.0 23 25 -8.0
Banff – Jasper – Rocky Mountain House 1 0 1 n/a 0.0 1 2 -50.0
Bankruptcies 0 0 1 n/a -100.0 0 2 -100.0
Proposals 1 0 0 n/a n/a 1 0 n/a
Red Deer 2 0 2 n/a 0.0 4 7 -42.9
Bankruptcies 2 0 2 n/a 0.0 4 7 -42.9
Proposals 0 0 0 n/a n/a 0 0 n/a
Edmonton 16 23 17 -30.4 -5.9 73 62 17.7
Bankruptcies 7 7 12 0.0 -41.7 39 41 -4.9
Proposals 9 16 5 -43.8 80.0 34 21 61.9
Athabasca – Grande Prairie – Peace River 2 4 3 -50.0 -33.3 11 7 57.1
Bankruptcies 2 3 3 -33.3 -33.3 10 6 66.7
Proposals 0 1 0 -100.0 n/a 1 1 0.0
Wood Buffalo – Cold Lake 1 1 1 0.0 0.0 5 3 66.7
Bankruptcies 1 1 1 0.0 0.0 3 2 50.0
Proposals 0 0 0 n/a n/a 2 1 100.0
British Columbia 32 26 46 23.1 -30.4 145 199 -27.1
Bankruptcies 20 22 34 -9.1 -41.2 117 149 -21.5
Proposals 12 4 12 200.0 0.0 28 50 -44.0
Vancouver Island and Coast 2 4 2 -50.0 0.0 17 26 -34.6
Bankruptcies 2 3 1 -33.3 100.0 11 19 -42.1
Proposals 0 1 1 -100.0 -100.0 6 7 -14.3
Lower Mainland – Southwest 26 18 35 44.4 -25.7 106 125 -15.2
Bankruptcies 14 16 27 -12.5 -48.1 86 94 -8.5
Proposals 12 2 8 500.0 50.0 20 31 -35.5
Thompson – Okanagan 3 4 3 -25.0 0.0 15 30 -50.0
Bankruptcies 3 2 3 50.0 0.0 13 25 -48.0
Proposals 0 2 0 -100.0 n/a 2 5 -60.0
Kootenay 0 0 2 n/a -100.0 2 3 -33.3
Bankruptcies 0 0 1 n/a -100.0 1 2 -50.0
Proposals 0 0 1 n/a -100.0 1 1 0.0
Cariboo 0 1 1 -100.0 -100.0 5 3 66.7
Bankruptcies 0 1 1 -100.0 -100.0 5 2 150.0
Proposals 0 0 0 n/a n/a 0 1 -100.0
North Coast 0 0 1 n/a -100.0 0 1 -100.0
Bankruptcies 0 0 1 n/a -100.0 0 1 -100.0
Proposals 0 0 0 n/a n/a 0 0 n/a
Nechako 1 0 0 n/a n/a 1 2 -50.0
Bankruptcies 1 0 0 n/a n/a 1 2 -50.0
Proposals 0 0 0 n/a n/a 0 0 n/a
Northeast 0 0 1 n/a -100.0 0 5 -100.0
Bankruptcies 0 0 0 n/a n/a 0 2 -100.0
Proposals 0 0 1 n/a -100.0 0 3 -100.0
Northwest Territories 0 0 0 n/a n/a 1 0 n/a
Bankruptcies 0 0 0 n/a n/a 1 0 n/a
Proposals 0 0 0 n/a n/a 0 0 n/a
Yukon 0 0 0 n/a n/a 0 0 n/a
Bankruptcies 0 0 0 n/a n/a 0 0 n/a
Proposals 0 0 0 n/a n/a 0 0 n/a
Nunavut 0 0 0 n/a n/a 0 1 -100.0
Bankruptcies 0 0 0 n/a n/a 0 1 -100.0
Proposals 0 0 0 n/a n/a 0 0 n/a
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