Insolvency Statistics in Canada—Fourth Quarter of 2014

Table 6: Insolvencies Filed by Businesses by Economic Region (ER)
Economic region Volume % Change 12-Month Period Ending
Q4 2014 Q3 2014 Q4 2013 Q3 2014 to Q4 2014 Q4 2013 to Q4 2014 12-31-2014 12-31-2013 % Change
Newfoundland and Labrador 12 3 6 300.0 100.0 30 32 -6.3
Bankruptcies 12 3 6 300.0 100.0 27 21 28.6
Proposals 0 0 0 -- -- 3 11 -72.7
Avalon Peninsula 7 2 2 250.0 250.0 20 11 81.8
Bankruptcies 7 2 2 250.0 250.0 17 6 183.3
Proposals 0 0 0 -- -- 3 5 -40.0
South Coast – Burin Peninsula 0 0 0 -- -- 0 5 -100.0
Bankruptcies 0 0 0 -- -- 0 1 -100.0
Proposals 0 0 0 -- -- 0 4 -100.0
West Coast – Northern Peninsula – Labrador 0 0 1 -- -100.0 0 7 -100.0
Bankruptcies 0 0 1 -- -100.0 0 6 -100.0
Proposals 0 0 0 -- -- 0 1 -100.0
Notre Dame – Central Bonavista Bay 5 1 3 400.0 66.7 10 9 11.1
Bankruptcies 5 1 3 400.0 66.7 10 8 25.0
Proposals 0 0 0 -- -- 0 1 -100.0
Prince Edward Island 4 5 6 -20.0 -33.3 18 23 -21.7
Bankruptcies 4 3 5 33.3 -20.0 13 18 -27.8
Proposals 0 2 1 -100.0 -100.0 5 5 0.0
Nova Scotia 18 19 27 -5.3 -33.3 77 111 -30.6
Bankruptcies 14 13 18 7.7 -22.2 52 84 -38.1
Proposals 4 6 9 -33.3 -55.6 25 27 -7.4
Cape Breton 3 4 1 -25.0 200.0 14 4 250.0
Bankruptcies 2 1 1 100.0 100.0 9 4 125.0
Proposals 1 3 0 -66.7 -- 5 0 --
North Shore 2 1 2 100.0 0.0 6 12 -50.0
Bankruptcies 2 1 2 100.0 0.0 5 11 -54.5
Proposals 0 0 0 -- -- 1 1 0.0
Annapolis Valley 3 1 7 200.0 -57.1 10 19 -47.4
Bankruptcies 2 1 7 100.0 -71.4 4 11 -63.6
Proposals 1 0 0 -- -- 6 8 -25.0
Southern 3 2 3 50.0 0.0 13 16 -18.8
Bankruptcies 1 1 1 0.0 0.0 7 11 -36.4
Proposals 2 1 2 100.0 0.0 6 5 20.0
Halifax 7 11 13 -36.4 -46.2 34 59 -42.4
Bankruptcies 7 9 6 -22.2 16.7 27 46 -41.3
Proposals 0 2 7 -100.0 -100.0 7 13 -46.2
New Brunswick 26 14 27 85.7 -3.7 87 82 6.1
Bankruptcies 20 12 23 66.7 -13.0 68 64 6.3
Proposals 6 2 4 200.0 50.0 19 18 5.6
Campbellton – Miramichi 8 3 1 166.7 700.0 21 12 75.0
Bankruptcies 8 3 1 166.7 700.0 20 9 122.2
Proposals 0 0 0 -- -- 1 3 -66.7
Moncton – Richibucto 7 6 8 16.7 -12.5 25 28 -10.7
Bankruptcies 3 5 7 -40.0 -57.1 19 24 -20.8
Proposals 4 1 1 300.0 300.0 6 4 50.0
Saint John – St. Stephen 3 1 10 200.0 -70.0 13 23 -43.5
Bankruptcies 2 1 8 100.0 -75.0 10 18 -44.4
Proposals 1 0 2 -- -50.0 3 5 -40.0
Fredericton – Oromocto 3 4 3 -25.0 0.0 14 3 366.7
Bankruptcies 2 3 2 -33.3 0.0 10 2 400.0
Proposals 1 1 1 0.0 0.0 4 1 300.0
Edmundston – Woodstock 4 0 4 -- 0.0 13 15 -13.3
Bankruptcies 4 0 4 -- 0.0 9 10 -10.0
Proposals 0 0 0 -- -- 4 5 -20.0
Quebec 655 516 564 26.9 16.1 2,337 2,180 7.2
Bankruptcies 439 385 414 14.0 6.0 1,690 1,591 6.2
Proposals 216 131 150 64.9 44.0 647 589 9.8
Gaspésie – Îles-de-la-Madeleine 4 2 3 100.0 33.3 20 17 17.6
Bankruptcies 3 1 3 200.0 0.0 16 15 6.7
Proposals 1 1 0 0.0 -- 4 2 100.0
Bas-Saint-Laurent 17 15 12 13.3 41.7 61 39 56.4
Bankruptcies 11 13 7 -15.4 57.1 48 26 84.6
Proposals 6 2 5 200.0 20.0 13 13 0.0
Capitale-Nationale 48 43 38 11.6 26.3 192 162 18.5
Bankruptcies 38 29 22 31.0 72.7 145 119 21.8
Proposals 10 14 16 -28.6 -37.5 47 43 9.3
Chaudière – Appalaches 35 17 29 105.9 20.7 109 102 6.9
Bankruptcies 26 15 25 73.3 4.0 83 76 9.2
Proposals 9 2 4 350.0 125.0 26 26 0.0
Estrie 17 18 13 -5.6 30.8 61 55 10.9
Bankruptcies 9 14 10 -35.7 -10.0 46 44 4.5
Proposals 8 4 3 100.0 166.7 15 11 36.4
Centre-du-Québec 14 11 14 27.3 0.0 62 57 8.8
Bankruptcies 11 9 11 22.2 0.0 51 39 30.8
Proposals 3 2 3 50.0 0.0 11 18 -38.9
Montérégie 156 75 96 108.0 62.5 427 439 -2.7
Bankruptcies 90 58 76 55.2 18.4 297 339 -12.4
Proposals 66 17 20 288.2 230.0 130 100 30.0
Montréal 165 153 191 7.8 -13.6 672 681 -1.3
Bankruptcies 115 113 141 1.8 -18.4 483 496 -2.6
Proposals 50 40 50 25.0 0.0 189 185 2.2
Laval 27 42 24 -35.7 12.5 149 113 31.9
Bankruptcies 22 30 16 -26.7 37.5 111 77 44.2
Proposals 5 12 8 -58.3 -37.5 38 36 5.6
Lanaudière 57 23 36 147.8 58.3 138 110 25.5
Bankruptcies 33 18 24 83.3 37.5 90 75 20.0
Proposals 24 5 12 380.0 100.0 48 35 37.1
Laurentides 58 43 39 34.9 48.7 204 182 12.1
Bankruptcies 43 34 27 26.5 59.3 154 123 25.2
Proposals 15 9 12 66.7 25.0 50 59 -15.3
Outaouais 24 28 27 -14.3 -11.1 99 78 26.9
Bankruptcies 19 17 19 11.8 0.0 66 55 20.0
Proposals 5 11 8 -54.5 -37.5 33 23 43.5
Abitibi – Témiscamingue 4 10 11 -60.0 -63.6 23 27 -14.8
Bankruptcies 2 8 9 -75.0 -77.8 18 19 -5.3
Proposals 2 2 2 0.0 0.0 5 8 -37.5
Mauricie 14 12 14 16.7 0.0 51 55 -7.3
Bankruptcies 9 9 11 0.0 -18.2 39 41 -4.9
Proposals 5 3 3 66.7 66.7 12 14 -14.3
Saguenay – Lac-Saint-Jean 11 14 7 -21.4 57.1 47 43 9.3
Bankruptcies 7 11 7 -36.4 0.0 30 33 -9.1
Proposals 4 3 0 33.3 -- 17 10 70.0
Côte-Nord 2 6 6 -66.7 -66.7 18 14 28.6
Bankruptcies 0 4 3 -100.0 -100.0 10 8 25.0
Proposals 2 2 3 0.0 -33.3 8 6 33.3
Nord-du-Québec 0 2 1 -100.0 -100.0 3 5 -40.0
Bankruptcies 0 1 1 -100.0 -100.0 2 5 -60.0
Proposals 0 1 0 -100.0 -- 1 0 --
Ontario 293 252 302 16.3 -3.0 1,090 1,220 -10.7
Bankruptcies 225 214 237 5.1 -5.1 835 958 -12.8
Proposals 68 38 65 78.9 4.6 255 262 -2.7
Ottawa 30 22 39 36.4 -23.1 135 139 -2.9
Bankruptcies 22 19 33 15.8 -33.3 94 112 -16.1
Proposals 8 3 6 166.7 33.3 41 27 51.9
Kingston – Pembroke 8 6 8 33.3 0.0 29 28 3.6
Bankruptcies 6 5 5 20.0 20.0 25 17 47.1
Proposals 2 1 3 100.0 -33.3 4 11 -63.6
Muskoka – Kawarthas 4 0 6 -- -33.3 9 21 -57.1
Bankruptcies 4 0 6 -- -33.3 8 20 -60.0
Proposals 0 0 0 -- -- 1 1 0.0
Toronto 157 128 168 22.7 -6.5 542 663 -18.3
Bankruptcies 120 110 127 9.1 -5.5 411 514 -20.0
Proposals 37 18 41 105.6 -9.8 131 149 -12.1
Kitchener – Waterloo – Barrie 14 30 29 -53.3 -51.7 84 97 -13.4
Bankruptcies 11 22 25 -50.0 -56.0 65 77 -15.6
Proposals 3 8 4 -62.5 -25.0 19 20 -5.0
Hamilton – Niagara Peninsula 34 21 18 61.9 88.9 110 116 -5.2
Bankruptcies 26 20 16 30.0 62.5 85 98 -13.3
Proposals 8 1 2 700.0 300.0 25 18 38.9
London 9 8 7 12.5 28.6 38 36 5.6
Bankruptcies 6 6 4 0.0 50.0 28 29 -3.4
Proposals 3 2 3 50.0 0.0 10 7 42.9
Windsor – Sarnia 13 7 17 85.7 -23.5 49 52 -5.8
Bankruptcies 12 6 13 100.0 -7.7 46 42 9.5
Proposals 1 1 4 0.0 -75.0 3 10 -70.0
Stratford – Bruce Peninsula 6 8 3 -25.0 100.0 24 12 100.0
Bankruptcies 5 7 2 -28.6 150.0 18 10 80.0
Proposals 1 1 1 0.0 0.0 6 2 200.0
Northeast 14 18 7 -22.2 100.0 52 41 26.8
Bankruptcies 10 16 5 -37.5 100.0 43 26 65.4
Proposals 4 2 2 100.0 100.0 9 15 -40.0
Northwest 3 3 1 0.0 200.0 16 18 -11.1
Bankruptcies 2 3 1 -33.3 100.0 12 14 -14.3
Proposals 1 0 0 -- -- 4 4 0.0
Manitoba 13 9 18 44.4 -27.8 57 67 -14.9
Bankruptcies 11 5 13 120.0 -15.4 48 55 -12.7
Proposals 2 4 5 -50.0 -60.0 9 12 -25.0
Southeast 1 3 2 -66.7 -50.0 6 7 -14.3
Bankruptcies 1 3 2 -66.7 -50.0 6 7 -14.3
Proposals 0 0 0 -- -- 0 0 --
South Central 0 0 0 -- -- 1 7 -85.7
Bankruptcies 0 0 0 -- -- 1 7 -85.7
Proposals 0 0 0 -- -- 0 0 --
Southwest 4 2 3 100.0 33.3 15 11 36.4
Bankruptcies 3 1 1 200.0 200.0 13 8 62.5
Proposals 1 1 2 0.0 -50.0 2 3 -33.3
North Central 0 0 0 -- -- 0 1 -100.0
Bankruptcies 0 0 0 -- -- 0 1 -100.0
Proposals 0 0 0 -- -- 0 0 --
Winnipeg 5 2 11 150.0 -54.5 27 23 17.4
Bankruptcies 4 1 8 300.0 -50.0 23 18 27.8
Proposals 1 1 3 0.0 -66.7 4 5 -20.0
Interlake 0 0 0 -- -- 3 2 50.0
Bankruptcies 0 0 0 -- -- 3 2 50.0
Proposals 0 0 0 -- -- 0 0 --
Parklands 1 0 2 -- -50.0 1 10 -90.0
Bankruptcies 1 0 2 -- -50.0 1 10 -90.0
Proposals 0 0 0 -- -- 0 0 --
North 1 2 0 -50.0 -- 4 1 300.0
Bankruptcies 1 0 0 -- -- 1 1 0.0
Proposals 0 2 0 -100.0 -- 3 0 --
Saskatchewan 20 23 23 -13.0 -13.0 124 115 7.8
Bankruptcies 15 12 11 25.0 36.4 77 68 13.2
Proposals 5 11 12 -54.5 -58.3 47 47 0.0
Regina – Moose Mountain 6 5 7 20.0 -14.3 45 48 -6.3
Bankruptcies 4 4 4 0.0 0.0 25 21 19.0
Proposals 2 1 3 100.0 -33.3 20 27 -25.9
Swift Current – Moose Jaw 0 1 3 -100.0 -100.0 12 21 -42.9
Bankruptcies 0 0 3 -- -100.0 6 13 -53.8
Proposals 0 1 0 -100.0 -- 6 8 -25.0
Saskatoon – Biggar 9 8 6 12.5 50.0 30 20 50.0
Bankruptcies 6 4 1 50.0 500.0 21 14 50.0
Proposals 3 4 5 -25.0 -40.0 9 6 50.0
Yorkton – Melville 2 2 4 0.0 -50.0 16 16 0.0
Bankruptcies 2 1 1 100.0 100.0 13 12 8.3
Proposals 0 1 3 -100.0 -100.0 3 4 -25.0
Prince Albert 3 5 2 -40.0 50.0 20 11 81.8
Bankruptcies 3 2 1 50.0 200.0 12 9 33.3
Proposals 0 3 1 -100.0 -100.0 8 2 300.0
Northern 0 0 0 -- -- 0 0 --
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 0 --
Alberta 39 37 55 5.4 -29.1 141 194 -27.3
Bankruptcies 33 23 37 43.5 -10.8 105 137 -23.4
Proposals 6 14 18 -57.1 -66.7 36 57 -36.8
Lethbridge – Medicine Hat 2 0 0 -- -- 6 5 20.0
Bankruptcies 2 0 0 -- -- 5 3 66.7
Proposals 0 0 0 -- -- 1 2 -50.0
Camrose – Drumheller 3 1 2 200.0 50.0 8 12 -33.3
Bankruptcies 3 0 2 -- 50.0 7 10 -30.0
Proposals 0 1 0 -100.0 -- 1 2 -50.0
Calgary 11 19 28 -42.1 -60.7 62 105 -41.0
Bankruptcies 11 11 24 0.0 -54.2 46 85 -45.9
Proposals 0 8 4 -100.0 -100.0 16 20 -20.0
Banff – Jasper – Rocky Mountain House 1 0 0 -- -- 2 1 100.0
Bankruptcies 1 0 0 -- -- 2 1 100.0
Proposals 0 0 0 -- -- 0 0 --
Red Deer 4 1 5 300.0 -20.0 13 10 30.0
Bankruptcies 4 1 2 300.0 100.0 8 7 14.3
Proposals 0 0 3 -- -100.0 5 3 66.7
Edmonton 14 16 18 -12.5 -22.2 44 45 -2.2
Bankruptcies 10 11 6 -9.1 66.7 34 18 88.9
Proposals 4 5 12 -20.0 -66.7 10 27 -63.0
Athabasca – Grande Prairie – Peace River 2 0 2 -- 0.0 3 13 -76.9
Bankruptcies 0 0 2 -- -100.0 0 10 -100.0
Proposals 2 0 0 -- -- 3 3 0.0
Wood Buffalo – Cold Lake 1 0 0 -- -- 2 3 -33.3
Bankruptcies 1 0 0 -- -- 2 3 -33.3
Proposals 0 0 0 -- -- 0 0 --
British Columbia 50 65 59 -23.1 -15.3 256 255 0.4
Bankruptcies 40 52 43 -23.1 -7.0 200 189 5.8
Proposals 10 13 16 -23.1 -37.5 56 66 -15.2
Vancouver Island and Coast 7 12 19 -41.7 -63.2 44 65 -32.3
Bankruptcies 6 11 13 -45.5 -53.8 39 40 -2.5
Proposals 1 1 6 0.0 -83.3 5 25 -80.0
Lower Mainland – Southwest 37 41 25 -9.8 48.0 169 116 45.7
Bankruptcies 32 30 19 6.7 68.4 130 86 51.2
Proposals 5 11 6 -54.5 -16.7 39 30 30.0
Thompson – Okanagan 3 11 13 -72.7 -76.9 31 62 -50.0
Bankruptcies 0 10 10 -100.0 -100.0 24 52 -53.8
Proposals 3 1 3 200.0 0.0 7 10 -30.0
Kootenay 0 0 1 -- -100.0 6 7 -14.3
Bankruptcies 0 0 1 -- -100.0 3 6 -50.0
Proposals 0 0 0 -- -- 3 1 200.0
Cariboo 1 1 0 0.0 -- 2 2 0.0
Bankruptcies 1 1 0 0.0 -- 2 1 100.0
Proposals 0 0 0 -- -- 0 1 -100.0
North Coast 0 0 0 -- -- 0 0 --
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 0 --
Nechako 0 0 0 -- -- 0 0 --
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 0 --
Northeast 2 0 0 -- -- 3 3 0.0
Bankruptcies 1 0 0 -- -- 2 3 -33.3
Proposals 1 0 0 -- -- 1 0 --
Northwest Territories 0 0 0 -- -- 0 0 --
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 0 --
Yukon 1 0 0 -- -- 1 2 -50.0
Bankruptcies 0 0 0 -- -- 0 2 -100.0
Proposals 1 0 0 -- -- 1 0 --
Nunavut 1 0 0 -- -- 1 0 --
Bankruptcies 1 0 0 -- -- 1 0 --
Proposals 0 0 0 -- -- 0 0 --
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