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Equifax: Canadian Businesses Lean on New Installment Loans for Debt Repayment

According to the latest data from Equifax Canada’s Market Pulse Q1/24 Business Credit Trends Report, new installment loan originations surged by 74% year over year in the second half of 2023. read more

Insolvencies Rise Amid Mounting Financial Stress on Canadian Businesses

Many Canadian businesses are facing an uphill battle, as evidenced by a 41.4% surge in business insolvencies in 2023 when compared to 2022, according to the latest data from Equifax Canada’s Market Pulse Quarterly Business Credit Trends Report. read more

Canadian Businesses Lean on Revolving Credit Amidst Rising Financial Stress

According to the Equifax Canada Market Pulse Business Credit Trends Report for Q1/23, new data suggests a pattern of credit expansion and a significant shift in credit usage in Canada this year.  read more

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