Insolvencies in Canada reach 15-year high, driven by small business
Insolvencies rose 12.1 per-cent last year compared with 2023, primarily driven by small- to medium-sized businesses.
Canadian business insolvencies saw a pronounced increase of 28.6 per cent last year, compared with 2023, according to data from the Office of the Superintendent of Bankruptcy.
It’s worth noting that last year about 375 insol…
