Credit Delinquencies on Rise Among Canadian Businesses: Equifax

Credit Delinquencies on Rise Among Canadian Businesses: Equifax
Equifax letterhead are shown on paper in Toronto on Oct.17, 2019. The Canadian Press/Christopher Katsarov
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A new report suggests credit delinquencies among Canadian businesses are on the rise.

Equifax Canada’s latest quarterly business credit trends report says there was a 14.3 percent 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.