Finance committee  We offer a lot of our products in English and French, but we have a “Consumed by Debt?” brochure that we have translated into—I won't get the number right—13 languages, give or take.

Finance committee  We are able to speak to insolvency statistics, and I think you're asking about a group that has not yet filed, so it would be difficult for us to speak to that. The majority of filings, 37%, are done by people ages 35 to 49. I can tell you that for 2019 data, but yes, it's diffic

Finance committee  I would have to look back, but I believe this is the typical age group for the majority of the filings. It's typically higher in the 35-to-49 bracket than in other age groups.

Finance committee  As I said, we don't actually have a forecasting model. We're talking to colleagues to see if one exists. I think even if one existed, it might be truly tested by the current situation, which is more uncertain and has more variables than we would have ever seen before, with things

Finance committee  No, I'm sorry. I don't.

Finance committee  Based on our statistics that we report monthly on our website, we know that the numbers are down by about 50% this May versus last May. That would be one number you could look at. However, what you don't know is what they would have been, of course.

Finance committee  Yes.

Finance committee  No, we have not, as of yet.

Finance committee  Our statistics on our website report on insolvencies by sector, so you can see that data. But, again, because the numbers are so small and in fact business numbers have been on the decline for a number of years now—we're talking about very small numbers—it's hard to read a lot in

Finance committee  As I mentioned, the 2019 rates were actually fairly stable, up slightly but still under five per 1,000 Canadians, because our population has grown. On the other hand, of course, we know that the household debt ratio has grown significantly over the past number of years, and that'

Finance committee  Thank you for the invitation to appear before you today. I will deliver my remarks in English to avoid any technical difficulties, but I'd be more than happy to answer any questions posed in either English or French. I want to express my thanks to each of you on this committee f

Finance committee  I will try. It's a hard habit to break, apparently. The OSB is part of Innovation, Science and Economic Development Canada, and the Minister of Industry is responsible for insolvency policy via legislation and regulations. As superintendent, I work closely with my ISED colleague