Canada Insolvencies Surge 11.5% Amid Economic Uncertainty

Canada's bankruptcy monitor has released new data showing that insolvencies jumped 11.5% annually in June, reaching levels not seen since the global financial crisis more than 15 years ago.

The recent increase in insolvencies is a concerning trend for the country's economy, with experts warning of potential risks to consumer spending and debt accumulation.

According to the data, the number of insolvencies in Canada has been steadily increasing over the past few months, with June seeing a significant spike compared to the same period last year.