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ARTICLE · 01 NOVEMBER 2006

From Comity To Bill C-55: Evolution Of Cross-Border Insolvency In Canada

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With the elimination of trade barriers and the marked increases in trade between jurisdictions, businesses in Canada and the United States have found themselves more closely connected than ever. Statistics provide a snapshot of the increasing cross-border interdependence between the United States and Canada.

CanadaFinance and Banking
Scott Bomhof
Scott Bomhof
Alexandra Dostal
Alexandra Dostal
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Reproduced with permission from BNA's Bankruptcy Law Reporter, Vol. 18, No. 37, pp. 866-871 (Sept. 28, 2006).

Copyright 2006 by The Bureau of National Affairs, Inc. (800-372-1033) www.bna.com

With the elimination of trade barriers and the marked increases in trade between jurisdictions, businesses in Canada and the United States have found themselves more closely connected than ever. Statistics provide a snapshot of the increasing cross-border interdependence between the United States and Canada. In 2004, foreign direct investment into Canada totalled $365.7 billion, of which $238 billion came from the United States alone. Likewise, the single largest recipient of Canadian investment is the United States.1

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