CCAA Statistics in Canada—Third Quarter of 2014

Tables

Definitions

CCAA:
The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. CCAA proceedings are carried out under supervision of the courts.
Cross-Border Proceedings:
When a proceeding is filed in a foreign jurisdiction where the debtor company has the centre of its main interests, it is referred to as a foreign main proceeding. Proceedings brought before any other court would generally be referred to as foreign non-main proceedings.
North American Industry Classification System (NAICS):
The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.
Table 1: Total CCAA Proceedings—Domestic
no dataVolume+/
Change
12-Month Period Ending
Q3 2014Q2 2014Q3 2013Q2 2014 –
Q3 2014
Q3 2013 –
Q3 2014
09-30-201409-30-2013+/
Change
Total Domestic Proceedings FiledFootnote 17760131247
Filing Affiliates91110-2-11466878
Filed by Publicly-Held Companies
023-2-367-1
Filed by Privately-Traded Companies
7532425178
Total Liabilities—
Book Value ($millions)Footnote 2
$4,812.003$687.368$619.017$4,124.636$4,192.986$7,566.896$1,405.881$6,161.015
% of Secured Liabilities
21.81%60.77%38.05%30.89%55.53%
% of Unsecured Liabilities
78.19%39.23%61.95%69.11%44.47%
Total Assets— Book Value ($millions)$2,246.406$781.429$803.913$1,464.977$1,442.493$5,088.754$1,620.708$3,468.045
Table 2: Total CCAA Proceedings—Cross-Border
 Volume+/
Change
12-Month Period Ending
Q3 2014Q2 2014Q3 2013Q2 2014 –
Q3 2014
Q3 2013 –
Q3 2014
09-30-201409-30-2013+/
Change
Total Cross-Border ProceedingsFiledFootnote 300000000
Foreign Main Proceedings
00000000
Foreign Non-Main Proceedings
00000000
Total Liabilities—
Book Value ($millions)Footnote 4
$0.000$0.000$0.000$0.000$0.000$0.000$0.000$0.000
Total Assets—
Book Value ($millions)
$0.000$0.000$0.000$0.000$0.000$0.000$0.000$0.000
Table 3: Total CCAA Proceedings Filed by Province
Empty cellVolume+/−
Change
12-Month Period Ending
Q3 2014Q2 2014Q3 2013Q2 2014 –
Q3 2014
Q3 2013 –
Q3 2014
09-30-201409-30-2013+/−
Change
Newfoundland and Labrador        
Domestic        
Cross-Border        
Prince Edward Island     1 1
Domestic     1 1
Cross-Border        
Nova Scotia        
Domestic        
Cross-Border        
New Brunswick        
Domestic        
Cross-Border        
Quebec1 11 633
Domestic1 11 633
Cross-Border        
Ontario5223313103
Domestic5223313103
Cross-Border        
Manitoba      1-1
Domestic      1-1
Cross-Border        
Saskatchewan        
Domestic        
Cross-Border        
Alberta 22-2-238-5
Domestic 22-2-238-5
Cross-Border        
British Columbia131-2 826
Domestic131-2 826
Cross-Border        
Northwest Territories        
Domestic        
Cross-Border        
Yukon        
Domestic        
Cross-Border        
Nunavut        
Domestic        
Cross-Border        
Canada776 131247
Domestic776 131247
Cross-Border        
Table 4: CCAA Proceedings Filed by NAICS Economic Sector, CanadaFootnote 5
SectorVolume+/
Change
12-Month Period Ending
Q3 2014Q2 2014Q3 2013Q2 2014
Q3 2014
Q3 2013
Q3 2014
09-30-201409-30-2013+/
Change
Agriculture, Forestry, Fishing and Hunting     1 1
Domestic     1 1
Cross-Border        
Mining and Oil and Gas Extraction123-1-267-1
Domestic123-1-267-1
Cross-Border        
Utilities        
Domestic        
Cross-Border        
Construction121-1 541
Domestic121-1 541
Cross-Border        
Manufacturing221 1642
Domestic221 1642
Cross-Border        
Wholesale Trade     1 1
Domestic     1 1
Cross-Border        
Retail Trade1  1113-2
Domestic1  1113-2
Cross-Border        
Transportation and Warehousing  1 -112-1
Domestic  1 -112-1
Cross-Border        
Information and Cultural Industries     11 
Domestic     11 
Cross-Border        
Finance and Insurance11  14 4
Domestic11  14 4
Cross-Border        
Real Estate, Rental and Leasing     3 3
Domestic     3 3
Cross-Border        
Professional, Scientific and Technical Services1  1111 
Domestic1  1111 
Cross-Border        
Management of Companies and Enterprises     11 
Domestic     11 
Cross-Border        
Administrative and Support, Waste Management and Remediation Services        
Domestic        
Cross-Border        
Educational Services        
Domestic        
Cross-Border        
Health Care and Social Assistance        
Domestic        
Cross-Border        
Arts, Entertainment and Recreation     11 
Domestic     11 
Cross-Border        
Accommodation and Food Services        
Domestic        
Cross-Border        
Other Services (except Public Administration)      1-1
Domestic      1-1
Cross-Border        
Public Administration        
Domestic        
Cross-Border        
Canada776 132257
Domestic776 132257
Cross-Border