26 businesses in Canada that have gone bankrupt or filed for protection since March 2020

Oct 27 2020, 1:24 pm

A frightening number of Canadian businesses have gone bankrupt due to the pandemic.

Besides the thousands of small businesses and shops that have gone under, a slew of high-profile businesses in Canada have filed for bankruptcy or sought protection from creditors.

Under Canada’s Companies’ Creditors Arrangement Act, companies that owe a minimum of $5 million can file for protection from creditors in order to restructure its business model.

From clothing retailers, travel companies, food/drink service, and even the circus, here are some of the country’s high-profile businesses, companies, and services that have gone bankrupt or have filed for protection as a result of the virus, since March 2020.

  • Le Chateau – October 23
  • Mountain Equipment Co-op – September 14
  • Group Dynamite – September 8
  • Geox Canada Inc. – September 8
  • Swimco – October 20
  • SFP Canada Ltd. (Papyrus, Carlton Cards) – August  20
  • TA Hotel Management Ltd. Partnership – August 17
  • Moores the Suit People Corp. – August 5
  • Laura’s Shoppe Inc. – July 31
  • Stokes Inc. – July 27
  • Ann Canada Inc. – July 23
  • Boutique Tristan & Iseut Inc. – July 20
  • Mendocino Clothing Company Ltd. – July 14
  • DavidsTea Inc. – July 8
  • Lucky Brand Dungarees Canada – July 6
  • Cirque Du Soliel Canada Inc. – June 30
  • GNC Holdings – June 29
  • Modasuite Inc. (Frank and Oak clothing retailer) – June 22
  • Sail Outdoors Inc. – June 2
  • Reitmans (Canada) Ltd – May 19
  • Flighthub Group Inc. – May 8
  • Aldo Group Inc. – May 7
  • Cranbrook Glen Enterprises Ltd. – May 1
  • Foodora Inc. – April 27
  • Marche Restaurants – April 16
  • CannTrust Holdings Inc. – March 31
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