Agents of Vision and Integrity

Canadian Insolvencies, Market Update

Hello friends,

I hope everyone is doing well, and welcome to 88West Realty’s Highlights of Bloomberg’s report on Canada’s insolvencies.

Graciously, Canadian’s number of Insolvencies filings have plunged to the lowest level since 1997, due to the massive government’s cash injections.

* There were 6,464 insolvency filings in August 2020 about 42% decline from a year earlier
* From April to August, filings averaged 6,442 per month, the lowest for a five-month period since 1997.
* Government support funds of more than $60 billion have cushioned households during this period.

Read the article here:

https://www.bloomberg.com/news/articles/2020-10-01/insolvencies-in-canada-plunge-to-23-year-low-on-trudeau-support

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