Insolvency statistics in Canada—Second Quarter of 2022 (br04677)

Table 4: BIA Insolvencies by NAICS Economic Sectors, Canada
- Volume % Change 12-Month Period Ending 
Q2 2022 Q1 2022 Q2 2021 Q1 2022
to
Q2 2022
Q2 2021
to
Q2 2022
06-30-2022 06-30-2021 % Change
Agriculture, Forestry, Fishing and Hunting 18 31 11 -41.9 63.6 75 56 33.9

Bankruptcies

15 28 9 -46.4 66.7 65 44 47.7

Proposals

3 3 2 0.0 50.0 10 12 -16.7
Mining and Oil and Gas Extraction 6 8 18 -25.0 -66.7 22 56 -60.7

Bankruptcies

4 7 14 -42.9 -71.4 18 39 -53.8

Proposals

2 1 4 100.0 -50.0 4 17 -76.5
Utilities 4 1 1 300.0 300.0 6 4 50.0

Bankruptcies

3 1 0 200.0 -- 5 3 66.7

Proposals

1 0 1 -- 0.0 1 1 0.0
Construction 131 118 90 11.0 45.6 430 324 32.7

Bankruptcies

93 84 69 10.7 34.8 309 260 18.8

Proposals

38 34 21 11.8 81.0 121 64 89.1
Manufacturing 54 64 48 -15.6 12.5 226 213 6.1

Bankruptcies

41 52 36 -21.2 13.9 174 163 6.7

Proposals

13 12 12 8.3 8.3 52 50 4.0
Wholesale Trade 33 34 19 -2.9 73.7 124 113 9.7

Bankruptcies

28 28 15 0.0 86.7 103 88 17.0

Proposals

5 6 4 -16.7 25.0 21 25 -16.0
Retail Trade 99 76 65 30.3 52.3 309 288 7.3

Bankruptcies

81 68 52 19.1 55.8 254 223 13.9

Proposals

18 8 13 125.0 38.5 55 65 -15.4
Transportation and Warehousing 60 83 49 -27.7 22.4 241 171 40.9

Bankruptcies

45 62 45 -27.4 0.0 183 141 29.8

Proposals

15 21 4 -28.6 275.0 58 30 93.3
Information and Cultural Industries 16 24 7 -33.3 128.6 62 38 63.2

Bankruptcies

13 10 7 30.0 85.7 40 31 29.0

Proposals

3 14 0 -78.6 -- 22 7 214.3
Finance and Insurance 10 5 13 100.0 -23.1 35 54 -35.2

Bankruptcies

4 3 11 33.3 -63.6 21 46 -54.3

Proposals

6 2 2 200.0 200.0 14 8 75.0
Real Estate and Rental and Leasing 30 18 22 66.7 36.4 113 126 -10.3

Bankruptcies

23 13 17 76.9 35.3 76 103 -26.2

Proposals

7 5 5 40.0 40.0 37 23 60.9
Professional, Scientific and Technical Services 58 60 47 -3.3 23.4 214 168 27.4

Bankruptcies

47 42 40 11.9 17.5 170 142 19.7

Proposals

11 18 7 -38.9 57.1 44 26 69.2
Management of Companies and Enterprises 13 25 24 -48.0 -45.8 63 81 -22.2

Bankruptcies

10 21 18 -52.4 -44.4 50 62 -19.4

Proposals

3 4 6 -25.0 -50.0 13 19 -31.6
Administrative and Support, Waste Management and Remediation Services 39 58 33 -32.8 18.2 175 135 29.6

Bankruptcies

32 38 23 -15.8 39.1 132 100 32.0

Proposals

7 20 10 -65.0 -30.0 43 35 22.9
Educational Services 2 7 5 -71.4 -60.0 23 33 -30.3

Bankruptcies

2 6 5 -66.7 -60.0 18 28 -35.7

Proposals

0 1 0 -100.0 -- 5 5 0.0
Health Care and Social Assistance 21 25 15 -16.0 40.0 80 68 17.6

Bankruptcies

16 18 9 -11.1 77.8 62 49 26.5

Proposals

5 7 6 -28.6 -16.7 18 19 -5.3
Arts, Entertainment and Recreation 20 23 20 -13.0 0.0 76 87 -12.6

Bankruptcies

16 20 12 -20.0 33.3 63 63 0.0

Proposals

4 3 8 33.3 -50.0 13 24 -45.8
Accommodation and Food Services 124 91 89 36.3 39.3 419 359 16.7

Bankruptcies

104 74 65 40.5 60.0 352 278 26.6

Proposals

20 17 24 17.6 -16.7 67 81 -17.3
Other Services (except Public Administration) 56 56 29 0.0 93.1 175 127 37.8

Bankruptcies

44 41 26 7.3 69.2 135 106 27.4

Proposals

12 15 3 -20.0 300.0 40 21 90.5
Public Administration 1 0 3 -- -66.7 2 6 -66.7

Bankruptcies

1 0 3 -- -66.7 2 5 -60.0

Proposals

0 0 0 -- -- 0 1 -100.0
Total 795 807 608 -1.5 30.8 2,870 2,507 14.5

Bankruptcies

622 616 476 1.0 30.7 2,232 1,974 13.1

Proposals

173 191 132 -9.4 31.1 638 533 19.7