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Sections
- Highlights
- Table 1: Total CCAA ProceedingsDomestic
- Table 2: Total CCAA Proceedings Filed by Province
- Table 3: CCAA Proceedings Filed by NAICS Economic Sector, Canada
Definitions
CCAA: The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. CCAA proceedings are carried out under supervision of the courts.
North American Industry Classification System (NAICS): The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production- oriented economic concept.
Highlights
Four Companies' Creditors Arrangement Act (CCAA) proceedings were filed with the OSB in the second quarter of 2019. Please refer to the CCAA Records List for additional details regarding each filing.
Company Name | Province | Sector | Monitor | Liabilities (in millions) |
---|---|---|---|---|
Bondfield Construction Company Limited | Ontario | Construction | Ernst & Young Inc. | $324.2 |
Strategic Oil & Gas and Strategic Transmission Ltd. | Alberta | Mining, Quarrying and Oil and Gas Extraction | KPMG Inc. | $87.4 |
British Bazaar Company Limited and British Confectionery Company Limited | Newfoundland and Labrador | Manufacturing | Deloitte Restructuring Inc. | $9.6 |
North American Lithium Inc. | Quebec | Mining, Quarrying and Oil and Gas Extraction | Raymond Chabot Inc. | $193.9 |
Filings by regionFootnote*
For more information, see Table 2: Total CCAA Proceedings Filed by Province
.Figure 2: Filings by NAICS economic sector
For more information, see Table 3: CCAA Proceedings Filed by NAICS Economic Sector, Canada
Company Name | Sector | Monitor | Outcome | Duration of the Proceeding (in days) | Liabilities (in millions) |
---|---|---|---|---|---|
BuildDirect.com Technologies | Retail Trade | Pricewaterhouse Coopers Inc. | Concluded — compromise or arrangement completed | 555 | $117.3 |
PT Holdco, Inc., Primus Telecommunications Canada, Inc., PTUS, Inc., Primus Telecommunications, Inc., and Lingo, Inc. | Information and Cultural Industries | FTI Consulting Canada Inc. | Terminated — no compromise or arrangement sanctioned by the Court | 1137 | $101.0 |
- Footnote *(2)
-
Some files may have been closed before the beginning of the quarter. For exact closing dates, please refer to the CCAA Records List.
Volume | +/- Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Q2 2019 | Q1 2019 | Q2 2018 | Q1 2019 - Q2 2019 | Q2 2018 - Q2 2019 | 06-30-2019 | 06-30-2018 | +/- Change | |
Total Domestic Proceedings FiledFootnote1 | 4 | 13 | 4 | -9 | 0 | 29 | 23 | 6 |
Filing Affiliates | 25 | 152 | 5 | -127 | 20 | 230 | 53 | 177 |
Filed by Publicly-Traded Companies | 1 | 1 | 0 | 0 | 1 | 5 | 0 | 5 |
Filed by Privately-Traded Companies | 3 | 10 | 4 | -7 | -1 | 24 | 23 | 1 |
Total Liabilities — Book Value ($ millions)Footnote2 | $607.764 | $3,633.198 | $91.640 | -$3,025.433 | $516.125 | $5,678.610 | $5,126.165 | $552.445 |
% of Secured Liabilities | 40.83% | 37.76% | 63.16% | n/a | n/a | 41.00% | 35.75% | n/a |
% of Unsecured Liabilities | 59.17% | 62.24% | 36.84% | n/a | n/a | 59.00% | 64.25% | n/a |
Total Assets — Book Value ($ millions) | $955.922 | $10,633.090 | $99.421 | -$9,677.168 | $856.501 | $12,713.740 | $5,104.109 | $7,609.630 |
Volume | +/- Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Q2 2019 | Q1 2019 | Q2 2018 | Q1 2019 – Q2 2019 | Q2 2018 – Q2 2019 | 06-30-2019 | 06-30-2018 | +/- Change | |
Newfoundland and Labrador | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 1 |
Prince Edward Island | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Nova Scotia | 0 | 1 | 1 | -1 | -1 | 2 | 2 | 0 |
New Brunswick | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 |
Quebec | 1 | 2 | 1 | -1 | 0 | 6 | 7 | -1 |
Ontario | 1 | 6 | 1 | -5 | 0 | 11 | 7 | 4 |
Manitoba | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Saskatchewan | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 |
Alberta | 1 | 2 | 0 | -1 | 1 | 5 | 2 | 3 |
British Columbia | 0 | 2 | 1 | -2 | -1 | 4 | 3 | 1 |
Northwest Territories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Yukon | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Nunavut | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Canada | 4 | 13 | 4 | -9 | 0 | 29 | 23 | 6 |
Volume | +/- Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Q2 2019 | Q1 2019 | Q2 2018 | Q1 2019 – Q2 2019 | Q2 2018 – Q2 2019 | 06-30-2019 | 06-30-2018 | +/- Change | |
Agriculture, Forestry, Fishing and Hunting | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
Mining, Quarrying and Oil and Gas Extraction | 2 | 2 | 1 | 0 | 1 | 5 | 3 | 2 |
Utilities | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
Construction | 1 | 0 | 0 | 1 | 1 | 3 | 2 | 1 |
Manufacturing | 1 | 3 | 1 | -2 | 0 | 6 | 2 | 4 |
Wholesale Trade | 0 | 3 | 0 | -3 | 0 | 3 | 1 | 2 |
Retail Trade | 0 | 1 | 1 | -1 | -1 | 2 | 5 | -3 |
Transportation and Warehousing | 0 | 1 | 0 | -1 | 0 | 3 | 2 | 1 |
Information and Cultural Industries | 0 | 1 | 0 | -1 | 0 | 1 | 0 | 1 |
Finance and Insurance | 0 | 1 | 0 | -1 | 0 | 1 | 1 | 0 |
Real Estate, Rental and Leasing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Professional, Scientific and Technical Services | 0 | 1 | 0 | -1 | 0 | 2 | 0 | 2 |
Management of Companies and Enterprises | 0 | 0 | 0 | 0 | 0 | 0 | 3 | -3 |
Administrative and Support, Waste Management and Remediation Services | 0 | 0 | 1 | 0 | -1 | 1 | 1 | 0 |
Educational Services | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Health Care and Social Assistance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Arts, Entertainment and Recreation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accommodation and Food Services | 0 | 0 | 0 | 0 | 0 | 0 | 2 | -2 |
Other Services | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Public Administration | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Canada | 4 | 13 | 4 | -9 | 0 | 29 | 23 | 6 |