Although Canada is currently undergoing an economic upsurge bankruptcy is on the increase. According to the firm, Dun and Bradstreet Incorporated the number of business bankruptcies reached 274 in March, 25.7% above the previous month, and the highest level since 1932. Officials of the firn, which is a business advisory agency, said that despite the big leap in number total dollar liabilities edged up by a more moderate 2.8% to 16,643,000. This indicated that most of the bankruptcies took place among the medium-sized businesses - between #100,000 and #l,000,000 capital - and the very small - ones with less thanf$,000, At the other end of the scale, the number of failures involving more than $1,000,000 dropped.
The Toronto paper, Globe and Mail, reported in a recent issue that Canadian business failures during the first quarter of 1965 totalled 729, almost 33% above the 548 recorded in this period in 1964. Cumlative liabilities stood at $42,066,000, 10% more than last year's $38,340,000.
It would appear that present economic conjuncture in Canada is also concentrating capital at quite a rapid rate.