Credit delinquencies on rise among Canadian businesses: Equifax

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TORONTO — A new report suggests credit delinquencies among Canadian businesses are on the rise. Equifax Canada's latest quarterly business credit trends...

Equifax Canada's latest quarterly business credit trends report says there was a 14.3 per cent uptick in the number of businesses that missed a payment on a credit product between the fourth quarter of 2023 and the fourth quarter of 2022.

Equifax says Canadian businesses are struggling with the impact of higher interest rates, a slowdown in consumer spending and pandemic loan repayments.Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related financial risks, just as the volume of disclosures from banks and other companies is set to rise.

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