Insolvencies in Canada increased by more than 11 percent in June, data show, with one expert suggesting that higher household debt, lower purchasing power, and higher interest rates are pressuring personal finances.
The Office of the Superintendent of Bankruptcy released new figures, showing that 13,254 individuals and companies filed insolvencies in June. This was a 5.7 percent increase from 12,536 insolvencies in May and a 11.5 percent increase from 11,883 filings in June 2025.
Consumers comprised roughly 97 percent of the insolvency filings and led the annual increase at 11.8 percent, although business filings also increased year over year by 5.5 percent, the data showed.
Furthermore, from Jan. 1 to June 30, 2026, there were 150,505 total insolvencies, a year-over-year jump of 5.3 percent from 142,921 filings, the report said….