Chart 1
Bankruptcy rates rise and fall with economic cycles, but the overall trend is upward
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| Year | Rate per 1,000 population aged 18 and older |
|---|---|
| 1987 | 1.2 |
| 1988 | 1.3 |
| 1989 | 1.4 |
| 1990 | 2.1 |
| 1991 | 2.9 |
| 1992 | 2.9 |
| 1993 | 2.5 |
| 1994 | 2.4 |
| 1995 | 2.9 |
| 1996 | 3.5 |
| 1997 | 3.8 |
| 1998 | 3.3 |
| 1999 | 3.1 |
| 2000 | 3.2 |
| 2001 | 3.3 |
| 2002 | 3.2 |
| 2003 | 3.4 |
| 2004 | 3.4 |
| 2005 | 3.3 |
| 2006 | 3.1 |
| 2007 | 3.1 |
| 2008 | 3.4 |
| 2009 | 4.5 |
| Source: Office of the Superintendent of Bankruptcy, Canada, 2010 | |
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