Insolvencies Jump In Canada’s Oil Country

Canada’s oil-producing regions saw the highest increase in
insolvencies over the 12 months to June 2017, according to the
latest insolvency report by the federal government. Total
insolvencies in Alberta were up 11.6 percent over the 12-month
period to June, with actual bankruptcies up by 4.5 percent to
5,346, and bankruptcy proposals up by 16.9 percent to 8,015. In
Saskatchewan, actual bankruptcies were up 5.5 percent to 1,504, and
proposals were up 29.7 percent to 1,682. Total bankruptcies
increased 17 percent, making the province the one…

Canada’s oil-producing regions saw the highest increase in
insolvencies over the 12 months to June 2017, according to the
latest insolvency report by the federal government. Total
insolvencies in Alberta were up 11.6 percent over the 12-month
period to June, with actual bankruptcies up by 4.5 percent to
5,346, and bankruptcy proposals up by 16.9 percent to 8,015. In
Saskatchewan, actual bankruptcies were up 5.5 percent to 1,504, and
proposals were up 29.7 percent to 1,682. Total bankruptcies
increased 17 percent, making the province the one…