Albertans Still Feeling Financial Pain, Insolvency Statistics Show

The number of insolvencies jumped 30 per cent in the Red Deer region in the first three months of the year compared with 2018, the Red Deer Advocate reported. Insolvency numbers jumped 15 per cent provincewide, and just a year ago, the trend was moving in the right direction. Alberta’s insolvency figures are bleaker than the nation’s as a whole, where such cases were up six per cent in the first quarter. MNP senior vice-president and insolvency trustee Donna Carson said last year’s numbers likely improved because workers laid off earlier in the slump were finding jobs. “Insolvencies did slow down a bit,” she said, adding this region was doing better than most of the province. “Now, this year, the numbers have increased to where they were a couple of years ago.” Read more