Consumer insolvencies were up 4.4 per cent year-over-year, mainly proposals; business insolvencies were down 6.5 per cent.
The only provinces to record a decline in insolvencies year-over-year were New Brunswick and British Columbia however month-over-month there was improvement for Newfoundland & Labrador, New Brunswick, Saskatchewan and Yukon.
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There was a rise in bankruptcies and proposals to creditors in September, the latest month’s stats released by the Office of the Superintendent of Bankruptcy Canada.