The latest numbers from the office of the Superintendent of Bankruptcy Canada shows a 19.8% percent decrease in the total number of insolvencies in Canada in December 2017 compared to the previous month.
Bankruptcies decreased by 13.7% percent and proposals decreased by 24.9% percent.
Compared to a year earlier, insolvencies decreased by 2.4%
Other stats: For the 12 month period ending December 31, 2017, the total number of insolvencies decreased by 3.0 percent compared with the 12-month period ending December 31, 2016.
You can read the summary and full report here.