There were 317 bankruptcies and consumer proposals in the province that month, compared to 213 in February — a jump of 48.8 per cent. For further context, the provinces with the closest population sizes, Nova Scotia, Saskatchewan and Newfoundland and Labrador had respectively 293, 313 and 164 consumer insolvencies in March. There were 328 consumer insolvencies in the province in March 2021. The Office of the Superintendent of Bankruptcy reports that New Brunswick consumer insolvencies for March 2022 break down into 106 bankruptcies and 211 consumer proposals. For the entire first quarter, there were 739 consumer insolvencies in the province — 259 bankruptcies and 480 proposals.

Source: CBC News May 31, 2022 11:33 UTC