Filings push Canada toward a historic breaking
Canada on pace…worst insolvency…since 2009
Canadian insolvency filings reached 13,254 in June, the second-highest monthly total ever recorded and the sixth consecutive year of June-over-June growth…Office of the Superintendent of Bankruptcy (OSB).
The trajectory puts Canada within striking distance of its worst-ever annual total.
The OSB reported 37,523 consumer insolvency filings in Q2 2026, a 6.9% increase from the same period in 2025 and the highest quarterly volume since 2009
Consumer proposals — formal arrangements to renegotiate debt with creditors — accounted for roughly 76% of June filings and rose 11.3% year-over-year, according to Servus economists Charles St-Arnaud and Oriane Kacoutie.
Bankruptcies climbed 12.2% over the same period. On a seasonally adjusted basis, total filings rose 9.4% from May alone. Total insolvency volumes now stand 12.5% above their 2019 level.
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