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Sections
- Highlights
- Table 1: Total CCAA ProceedingsDomestic
- Table 2: Total CCAA Proceedings Filed by Province
- Table 3: CCAA Proceedings Filed by NAICS Economic Sector, Canada
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.
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.
Highlights
Twenty-seven Companies' Creditors Arrangement Act (CCAA) proceedings were filed with the OSB in the second quarter of 2020. Please refer to the CCAA Records List for additional details regarding each filing.
Company Name | Province | Sector | Monitor | Liabilities
(in millions) |
---|---|---|---|---|
Cirque Du Soleil Canada Inc. and the other forty-two applicants | Quebec | Arts, entertainment and recreation | Ernst & Young Inc. | $1,466.9 |
Korite International Inc. | Alberta | Administrative and support, waste management and remediation services | BDO Canada Limited | $16.4 |
Northern Silica Corporation, Heemskirk Mining PTY. Ltd., Heemskirk Canada Holdings Limited, Heemskirk Canada Limited, Custom Bulk Services Inc., and HCA Mountain Minerals (Moberly) Limited | Alberta | Mining, quarrying, and oil and gas extraction | Alvarez & Marsal Canada Inc. | $90.0 |
Roberts Company Canada Limited | Ontario | Manufacturing | Richter Advisory Group Inc. | $40.5 |
GFA World | Ontario | Other services (except public administration) | PricewaterhouseCoopers Inc. | $170.0 |
The Clover on Yonge Inc. and The Clover on Yonge Limited Partnership | Ontario | Real estate and rental and leasing | PricewaterhouseCoopers Inc. | $240.8 |
1057863 BC Ltd., Northern Resources Nova Scotia Corporation, Northern Pulp Nova Scotia Corporation, Northern Timber Nova Scotia Corporation, 3253527 Nova Scotia Limited, 3243722 Nova Scotia Limited and Northern Pulp NS GP ULC | British Columbia | Manufacturing | Ernst & Young Inc. | $420.5 |
957855 Alberta Ltd. (Formerly Newswest Inc.) and Rosebud Creek Financial Corp. | Ontario | Management of companies and enterprises | KSV Kofman Inc. | $17.9 |
Beleave Inc., Beleave Kannabis Corp., Seven Oaks Inc., 9334416 Canada Inc. O/A Medigreen and My-Grow, Beleave Kannabis Abbotsford Inc. and Beleave Kannabis Chilliwack Inc. | Ontario | Agriculture, forestry, fishing and hunting | Grant Thornton Limited | $18.1 |
Comark Holdings Inc., Bootlegger Clothing Inc., Cleo Fashions Inc. and Ricki's Fashions Inc. | Ontario | Retail trade | Alvarez & Marsal Canada Inc. | $82.3 |
Peraso Technologies Inc. | Ontario | Manufacturing | Ernst & Young Inc. | $122.0 |
Bow River Energy Ltd. | Alberta | Mining, quarrying, and oil and gas extraction | BDO Canada Limited | $83.4 |
Cequence Energy Ltd. and 1175043 Alberta Ltd. | Alberta | Mining, quarrying, and oil and gas extraction | Ernst & Young Inc. | $168.3 |
Port Capital Development (EV) Inc. and Evergreen House Development Limited Partnership | British Columbia | Real estate and rental and leasing | Ernst & Young Inc. | $38.2 |
Green Growth Brands Inc., GGB Canada Inc., Green Growth Brands Realty Ltd. and Xanthic Biopharma Limited | Ontario | Agriculture, forestry, fishing and hunting | Ernst & Young Inc. | $247.6 |
Reitmans (Canada) Limited | Quebec | Retail trade | Ernst & Young Inc. | $366.4 |
ENTREC Corporation, Capstan Hauling Ltd., ENTREC Alberta Ltd., ENT Capital Corp., ENTREC Cranes & Heavy Haul Inc., ENTREC Holdings Inc., ENT Oilfield Group Ltd. and ENTREC Services Ltd. | Alberta | Mining, quarrying, and oil and gas extraction | Alvarez & Marsal Canada Inc. | $271.9 |
Redrock Camps Inc., Sockeye Enterprises Inc., Sweetwater Hospitality Inc. and Baldr Construction Management Inc. | Alberta | Construction | BDO Canada Limited | $26.6 |
Flighthub Group Inc., Flighthub Service Inc., SSFP Corp., Justfly Inc., Justfly Corp. and 11644670 Canada Inc. | Quebec | Administrative and support, waste management and remediation services | MNP Ltd. | $70.9 |
Développement Lachine Est Inc., Construction Frank Catania et Associés Inc., Les Développements Immobiliers F. Catania et Associés Inc., Groupe Frank Catania & Associés Inc., 7593724 Canada Inc., 3886735 Canada Inc., 4204930 Canada Inc., 4167601 Canada Inc., 4286567 Canada Inc. and 4127927 Canada Inc. | Quebec | Real estate and rental and leasing | Raymond Chabot Inc. | $32.9 |
The Aldo Group Inc., Southwest Capital Holdings Inc., Aldo U.S. Inc., Aldo Marketing LLC, Aldo Shoes West Forty Second, LLC, Aldo 1125 Third Ave Corp., 1230 Avenue of the Americas LLC, Aldo 5th Ave. Inc. and Aldo 250 West 125 Inc. | Quebec | Retail trade | Ernst & Young Inc. | $563.0 |
JMB Crushing Systems Inc. and 2161889 Alberta Ltd. | Alberta | Mining, quarrying, and oil and gas extraction | FTI Consulting Canada Inc. | $55.2 |
Soccer Express Trading Corp. and Kahunaverse Sports Group Inc. | British Columbia | Retail trade | PricewaterhouseCoopers Inc. | $22.5 |
Dominion Diamond Mines ULC, Dominion Diamond Delaware Company, LLC, Dominion Diamond Canada ULC, Washington Diamond Investments, LLC, Dominion Diamond Holdings, LLC and Dominion Finco Inc. | Alberta | Mining, quarrying, and oil and gas extraction | FTI Consulting Canada Inc. | $1,217.5 |
Delphi Energy Corp. and Delphi Energy (Alberta) Limited | Alberta | Mining, quarrying, and oil and gas extraction | PricewaterhouseCoopers Inc. | $195.1 |
Green Relief Inc. | Ontario | Agriculture, forestry, fishing and hunting | PricewaterhouseCoopers Inc. | $14.2 |
James E. Wagner Cultivation Corporation, James E. Wagner Cultivation Ltd., JWC 1 Ltd., JWC 2 Ltd., JWC Supply Ltd. and GrowthStorm Inc. | Ontario | Manufacturing | KSV Kofman Inc. | $19.6 |
Figure 1: Filings by regionFootnote*
For more information, see Table 2: Total CCAA Proceedings Filed by Province.
Figure 2: Filings by NAICS economic sector
For more information, see Table 3: CCAA Proceedings Filed by NAICS Economic Sector, Canada.
Volume | +/- Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Q2 2020 | Q1 2020 | Q2 2019 | Q1 2020 – Q2 2020 | Q2 2019 – Q2 2020 | 06-30-2020 | 06-30-2019 | +/- Change | |
Total Domestic Proceedings FiledFootnote1 | 27 | 11 | 4 | 16 | 23 | 59 | 29 | 30 |
Filing Affiliates
|
114 | 24 | 25 | 90 | 89 | 284 | 230 | 54 |
Filed by Publicly-Traded Companies
|
7 | 3 | 1 | 4 | 6 | 17 | 5 | 12 |
Filed by Privately-Traded Companies
|
20 | 8 | 3 | 12 | 17 | 42 | 24 | 18 |
Total Liabilities – Book Value ($ millions)Footnote2 | $6,078.279 | $589.213 | $607.764 | $5,489.067 | $5,470.515 | $11,584.129 | $5,678.610 | $5,905.518 |
% of Secured Liabilities
|
51.95% | 49.02% | 40.83% | n/a | n/a | 60.78% | 41.00% | n/a |
% of Unsecured Liabilities
|
48.05% | 50.98% | 59.17% | n/a | n/a | 39.22% | 59.00% | n/a |
Total Assets – Book Value ($ millions) | $6,600.273 | $1,059.618 | $955.922 | $5,540.655 | $5,644.350 | $17,489.025 | $12,713.740 | $4,775.285 |
Volume | +/- Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Q2 2020 | Q1 2020 | Q2 2019 | Q1 2020 – Q2 2020 | Q2 2019 – Q2 2020 | 06-30-2020 | 06-30-2019 | +/- Change | |
Newfoundland and Labrador | 0 | 0 | 1 | 0 | -1 | 0 | 1 | -1 |
Prince Edward Island | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Nova Scotia | 0 | 0 | 0 | 0 | 0 | 0 | 2 | -2 |
New Brunswick | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quebec | 5 | 2 | 1 | 3 | 4 | 13 | 6 | 7 |
Ontario | 10 | 5 | 1 | 5 | 9 | 23 | 11 | 12 |
Manitoba | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Saskatchewan | 0 | 1 | 0 | -1 | 0 | 1 | 0 | 1 |
Alberta | 9 | 0 | 1 | 9 | 8 | 13 | 5 | 8 |
British Columbia | 3 | 3 | 0 | 0 | 3 | 9 | 4 | 5 |
Northwest Territories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Yukon | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Nunavut | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Canada | 27 | 11 | 4 | 16 | 23 | 59 | 29 | 30 |
Volume | +/- Change | 12-Month Period Ending | ||||||
---|---|---|---|---|---|---|---|---|
Q2 2020 | Q1 2020 | Q2 2019 | Q1 2020 – Q2 2020 | Q2 2019 – Q2 2020 | 06-30-2020 | 06-30-2019 | +/- Change | |
Agriculture, Forestry, Fishing and Hunting | 3 | 1 | 0 | 2 | 3 | 8 | 1 | 7 |
Mining, Quarrying and Oil and Gas Extraction | 7 | 1 | 2 | 6 | 5 | 15 | 5 | 10 |
Utilities | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 |
Construction | 1 | 1 | 1 | 0 | 0 | 3 | 3 | 0 |
Manufacturing | 4 | 3 | 1 | 1 | 3 | 10 | 6 | 4 |
Wholesale Trade | 0 | 0 | 0 | 0 | 0 | 2 | 3 | -1 |
Retail Trade | 4 | 1 | 0 | 3 | 4 | 6 | 2 | 4 |
Transportation and Warehousing | 0 | 0 | 0 | 0 | 0 | 1 | 3 | -2 |
Information and Cultural Industries | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
Finance and Insurance | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -1 |
Real Estate, Rental and Leasing | 3 | 1 | 0 | 2 | 3 | 5 | 0 | 5 |
Professional, Scientific and Technical Services | 0 | 0 | 0 | 0 | 0 | 0 | 2 | -2 |
Management of Companies and Enterprises | 1 | 1 | 0 | 0 | 1 | 2 | 0 | 2 |
Administrative and Support, Waste Management and Remediation Services | 2 | 1 | 0 | 1 | 2 | 3 | 1 | 2 |
Educational Services | 0 | 1 | 0 | -1 | 0 | 1 | 0 | 1 |
Health Care and Social Assistance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Arts, Entertainment and Recreation | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 1 |
Accommodation and Food Services | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Services (except Public Administration) | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 1 |
Public Administration | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Canada | 27 | 11 | 4 | 16 | 23 | 59 | 29 | 30 |