Insolvency statistics in Canada—Fourth quarter of 2022 (part 2)

 
Table 4: BIA Insolvencies by NAICS Sectors
- Volume % Change 12-Month Period Ending
Q4 2022 Q3 2022 Q4 2021 Q3 2022
to
Q3 2022
Q4 2021
to
Q4 2022
12-31-2022 12-31-2021 % Change
Agriculture, Forestry, Fishing and Hunting 15 13 13 15.4 15.4 77 51 51.0

Bankruptcies

10 9 12 11.1 -16.7 62 44 40.9

Proposals

5 4 1 25.0 400.0 15 7 114.3
Mining and Oil and Gas Extraction 7 8 1 -12.5 600.0 29 39 -25.6

Bankruptcies

5 7 0 -28.6 -- 23 28 -17.9

Proposals

2 1 1 100.0 100.0 6 11 -45.5
Utilities 2 0 1 -- 100.0 7 3 133.3

Bankruptcies

0 0 1 -- -100.0 4 2 100.0

Proposals

2 0 0 -- -- 3 1 200.0
Construction 162 108 114 50.0 42.1 519 369 40.7

Bankruptcies

110 70 79 57.1 39.2 357 277 28.9

Proposals

52 38 35 36.8 48.6 162 92 76.1
Manufacturing 85 64 50 32.8 70.0 267 224 19.2

Bankruptcies

61 45 36 35.6 69.4 199 171 16.4

Proposals

24 19 14 26.3 71.4 68 53 28.3
Wholesale Trade 57 28 36 103.6 58.3 152 101 50.5

Bankruptcies

44 22 29 100.0 51.7 122 81 50.6

Proposals

13 6 7 116.7 85.7 30 20 50.0
Retail Trade 116 83 72 39.8 61.1 374 255 46.7

Bankruptcies

99 69 58 43.5 70.7 317 201 57.7

Proposals

17 14 14 21.4 21.4 57 54 5.6
Transportation and Warehousing 72 74 55 -2.7 30.9 289 190 52.1

Bankruptcies

56 60 45 -6.7 24.4 223 156 42.9

Proposals

16 14 10 14.3 60.0 66 34 94.1
Information and Cultural Industries 20 10 11 100.0 81.8 70 40 75.0

Bankruptcies

15 6 10 150.0 50.0 44 34 29.4

Proposals

5 4 1 25.0 400.0 26 6 333.3
Finance and Insurance 12 13 14 -7.7 -14.3 40 53 -24.5

Bankruptcies

11 10 10 10.0 10.0 28 44 -36.4

Proposals

1 3 4 -66.7 -75.0 12 9 33.3
Real Estate and Rental and Leasing 34 34 39 0.0 -12.8 116 118 -1.7

Bankruptcies

27 30 26 -10.0 3.8 93 84 10.7

Proposals

7 4 13 75.0 -46.2 23 34 -32.4
Professional, Scientific and Technical Services 68 56 61 21.4 11.5 242 170 42.4

Bankruptcies

46 42 54 9.5 -14.8 177 141 25.5

Proposals

22 14 7 57.1 214.3 65 29 124.1
Management of Companies and Enterprises 36 8 14 350.0 157.1 82 64 28.1

Bankruptcies

32 7 11 357.1 190.9 70 49 42.9

Proposals

4 1 3 300.0 33.3 12 15 -20.0
Administrative and Support, Waste Management and Remediation Services 42 39 43 7.7 -2.3 178 145 22.8

Bankruptcies

29 23 32 26.1 -9.4 122 108 13.0

Proposals

13 16 11 -18.8 18.2 56 37 51.4
Educational Services 20 6 9 233.3 122.2 35 26 34.6

Bankruptcies

16 4 6 300.0 166.7 28 21 33.3

Proposals

4 2 3 100.0 33.3 7 5 40.0
Health Care and Social Assistance 23 33 14 -30.3 64.3 102 66 54.5

Bankruptcies

14 19 14 -26.3 0.0 67 48 39.6

Proposals

9 14 0 -35.7 -- 35 18 94.4
Arts, Entertainment and Recreation 16 25 17 -36.0 -5.9 84 68 23.5

Bankruptcies

13 24 12 -45.8 8.3 73 49 49.0

Proposals

3 1 5 200.0 -40.0 11 19 -42.1
Accommodation and Food Services 156 129 130 20.9 20.0 500 367 36.2

Bankruptcies

129 116 111 11.2 16.2 423 296 42.9

Proposals

27 13 19 107.7 42.1 77 71 8.5
Other Services (except Public Administration) 56 61 37 -8.2 51.4 229 126 81.7

Bankruptcies

46 48 31 -4.2 48.4 179 103 73.8

Proposals

10 13 6 -23.1 66.7 50 23 117.4
Public Administration 4 3 1 33.3 300.0 8 4 100.0

Bankruptcies

4 3 1 33.3 300.0 8 4 100.0

Proposals

0 0 0 -- -- 0 0 --
Total 1,003 795 732 26.2 37.0 3,400 2,479 37.2

Bankruptcies

767 614 578 24.9 32.7 2,619 1,941 34.9

Proposals

236 181 154 30.4 53.2 781 538 45.2