ARTICLE
15 May 2025

Navigating Uncertainty: The Impact Of Tariffs And Economic Shifts On Canadian Insolvencies

DW
Davies Ward Phillips & Vineberg

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Davies is a law firm focused on high-stakes matters. Committed to achieving superior outcomes for our clients, we are consistently at the heart of their most complex deals and cases. With offices in Toronto, Montréal and New York, our capabilities extend seamlessly to every continent. Visit us at www.dwpv.com.
In this issue of Insolvency Now, we continue to report on data trends from Q3 and Q4 of 2024, during which we noticed that the number of insolvency filings had steadily decreased compared with the previous year...
Canada Insolvency/Bankruptcy/Re-Structuring

In this issue of Insolvency Now, we continue to report on data trends from Q3 and Q4 of 2024, during which we noticed that the number of insolvency filings had steadily decreased compared with the previous year, returning to Q2 and Q3 2023 levels.

Key Takeaways:

  • U.S. tariffs on Canadian goods, along with retaliatory measures, have heightened economic uncertainty, causing increased closures and insolvencies in cross-border trade sectors, resulting in an historically high number of companies seeking protection under the CCAA.
  • While lower levels of insolvency filings suggest healthy business operations and domestic demand, the Bank of Canada's January Policy Report warns of relatively weak levels of business investment.
  • While growth in government spending was strong through much of 2024, it is estimated to have eased in Q4.

Read the issue.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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