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.
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.