The Office of the Superintendent of Bankruptcy Canada released the insolvency statistics for August. You can see in the table that the numbers are significantly lower than the prior year.

The numbers seem to have come down to approximately what was the norm prior to the recession (at least the last couple months numbers have). Here’s the long term chart.

A couple of months isn’t that much and it’s still more towards the high side of the longer trend. A look at a shorter term chart shows this a bit better.