Country Report Canada 2019

The insolvency environment

No major decrease expected in 2019

After decreases of more than 5% in 2016 and 2017, the number of corporate bankruptcies is expected to level-off in 2018 and 2019. This is mainly due to lower economic growth and higher interest rates.

2019 canada country report

Main economic developments

Economic growth expected to slow down in 2019

After expanding 3% in 2017, Canada´s GDP growth slowed down to about 2% in 2018 as private consumption growth decreased due to lower wage growth and rising interest rates.