Canada Consumer Insolvencies

## What this measures

The number of Canadians who filed for bankruptcy or made a consumer proposal (a negotiated partial repayment) in the month.

## Why it matters

It is the hard end of household financial stress, and in Canada it lags interest-rate rises as mortgages renew at higher rates.

## How to read it

Compare the 12-month total (canada.insolvency.consumer_12m) with earlier years; 2023–25 filings rose to levels last seen around 2009–10. Proposals now outnumber bankruptcies by more than three to one.

## What it does not say

Counts are not seasonally adjusted (January and March run high); read 12-month totals or year-over-year changes. Filings are counted when they are made, not when debts went bad.

## Source

Office of the Superintendent of Bankruptcy Canada (Innovation, Science and Economic Development Canada), "Historic Insolvency Statistics - Monthly (from 1987)", open.canada.ca dataset 746709f1-c729-44a1-ba84-7be5eadd3664. Palanor re-reads the latest workbook every day.

Contains information licensed under the Open Government Licence – Canada.