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

 
Table 4: BIA Insolvencies by NAICS Sectors
- Volume % Change 12-Month Period Ending
Q3 2022 Q2 2022 Q3 2021 Q2 2022
to
Q2 2022
Q3 2021
to
Q3 2022
09-30-2022 09-30-2021 % Change
Agriculture, Forestry, Fishing and Hunting 13 18 13 -27.8 0.0 75 53 41.5

Bankruptcies

9 15 10 -40.0 -10.0 64 41 56.1

Proposals

4 3 3 33.3 33.3 11 12 -8.3
Mining and Oil and Gas Extraction 8 6 7 33.3 14.3 23 55 -58.2

Bankruptcies

7 4 7 75.0 0.0 18 41 -56.1

Proposals

1 2 0 -50.0 -- 5 14 -64.3
Utilities 0 4 0 -100.0 -- 6 3 100.0

Bankruptcies

0 3 0 -100.0 -- 5 2 150.0

Proposals

0 1 0 -100.0 -- 1 1 0.0
Construction 108 131 67 -17.6 61.2 471 328 43.6

Bankruptcies

70 93 53 -24.7 32.1 326 262 24.4

Proposals

38 38 14 0.0 171.4 145 66 119.7
Manufacturing 64 54 58 18.5 10.3 232 223 4.0

Bankruptcies

45 41 45 9.8 0.0 174 170 2.4

Proposals

19 13 13 46.2 46.2 58 53 9.4
Wholesale Trade 28 33 21 -15.2 33.3 131 98 33.7

Bankruptcies

22 28 18 -21.4 22.2 107 77 39.0

Proposals

6 5 3 20.0 100.0 24 21 14.3
Retail Trade 83 99 62 -16.2 33.9 330 254 29.9

Bankruptcies

69 81 47 -14.8 46.8 276 198 39.4

Proposals

14 18 15 -22.2 -6.7 54 56 -3.6
Transportation and Warehousing 74 60 43 23.3 72.1 272 180 51.1

Bankruptcies

60 45 31 33.3 93.5 212 143 48.3

Proposals

14 15 12 -6.7 16.7 60 37 62.2
Information and Cultural Industries 10 16 11 -37.5 -9.1 61 42 45.2

Bankruptcies

6 13 7 -53.8 -14.3 39 35 11.4

Proposals

4 3 4 33.3 0.0 22 7 214.3
Finance and Insurance 13 10 6 30.0 116.7 42 54 -22.2

Bankruptcies

10 4 4 150.0 150.0 27 45 -40.0

Proposals

3 6 2 -50.0 50.0 15 9 66.7
Real Estate and Rental and Leasing 34 30 26 13.3 30.8 121 130 -6.9

Bankruptcies

30 23 14 30.4 114.3 92 97 -5.2

Proposals

4 7 12 -42.9 -66.7 29 33 -12.1
Professional, Scientific and Technical Services 56 58 35 -3.4 60.0 235 164 43.3

Bankruptcies

42 47 27 -10.6 55.6 185 138 34.1

Proposals

14 11 8 27.3 75.0 50 26 92.3
Management of Companies and Enterprises 8 13 11 -38.5 -27.3 60 67 -10.4

Bankruptcies

7 10 8 -30.0 -12.5 49 50 -2.0

Proposals

1 3 3 -66.7 -66.7 11 17 -35.3
Administrative and Support, Waste Management and Remediation Services 39 39 35 0.0 11.4 179 134 33.6

Bankruptcies

23 32 30 -28.1 -23.3 125 100 25.0

Proposals

16 7 5 128.6 220.0 54 34 58.8
Educational Services 6 2 5 200.0 20.0 24 29 -17.2

Bankruptcies

4 2 4 100.0 0.0 18 25 -28.0

Proposals

2 0 1 -- 100.0 6 4 50.0
Health Care and Social Assistance 33 21 20 57.1 65.0 93 75 24.0

Bankruptcies

19 16 14 18.8 35.7 67 53 26.4

Proposals

14 5 6 180.0 133.3 26 22 18.2
Arts, Entertainment and Recreation 25 20 16 25.0 56.3 85 74 14.9

Bankruptcies

24 16 15 50.0 60.0 72 53 35.8

Proposals

1 4 1 -75.0 0.0 13 21 -38.1
Accommodation and Food Services 129 124 74 4.0 74.3 474 330 43.6

Bankruptcies

116 104 63 11.5 84.1 405 257 57.6

Proposals

13 20 11 -35.0 18.2 69 73 -5.5
Other Services (except Public Administration) 61 56 26 8.9 134.6 210 119 76.5

Bankruptcies

48 44 19 9.1 152.6 164 97 69.1

Proposals

13 12 7 8.3 85.7 46 22 109.1
Public Administration 3 1 0 200.0 -- 5 3 66.7

Bankruptcies

3 1 0 200.0 -- 5 3 66.7

Proposals

0 0 0 -- -- 0 0 --
Total 795 795 536 0.0 48.3 3,129 2,415 29.6

Bankruptcies

614 622 416 -1.3 47.6 2,430 1,887 28.8

Proposals

181 173 120 4.6 50.8 699 528 32.4