Canadian Businesses Lean on New Installment Loans For Debt Repayment as Delinquencies Rise

Equifax® Canada's Market Pulse Q1 2024 Business Credit Trends "While it may feel like CEBA is moving into the rear-view mirror, it's truly a matter of businesses turning to new installment loans to secure their financial stability," said Jeff Brown, Head of Commercial Solutions for Equifax Canada. "Many businesses were focused on the forgiveness deadline and paying back debt to take advantage of this timeline. The increased reliance on these loans has also contributed to a notable rise in delinquencies, par ...