The Office of the Superintendent of Bankruptcies (OSB) reported Monday that consumer bankruptcies were down 5.7% while consumer proposals increased 3.4%.
Overall consumer insolvencies were down year-over-year in British Columbia, Ontario, Newfoundland & Labrador, Prince Edward Island, Quebec and Alberta.
There were increases in the Yukon, Manitoba and Saskatchewan; and no change in Nunavut and the Northwest Territories.
More market update:
The number of consumer insolvencies in Canada decreased 1.2% in the year ending July 31, 2017.