Biannual Survey of Suppliers of Business Financing, second half of 2019
Credit granted to Canadian corporations increases in the second half of 2019
The total value of outstanding credit granted to Canadian corporations at the end of the second half of 2019 was $984.9 billion, up $27.2 billion (+2.8%) from the first half of 2019. Compared with the same period in 2018, total business credit outstanding increased by $66.7 billion.
The main borrower for total credit outstanding was the real estate and rental and leasing industry, which increased by $8.3 billion (+4.3%). Access to financing for this industry continued to grow in 2019.
Total term credit disbursed during the second half of 2019 was $3.4 billion higher (+2.4%) than during the first half of 2019, reaching $144.6 billion.
Term credit disbursed to the finance and insurance industry led the increase, up $2.1 billion (+10.4%) to $21.8 billion.
New dashboard now available
Today, Statistics Canada is also releasing the new Suppliers of Business Financing Visualization Tool.
This new interactive dashboard is a comprehensive analytical tool that presents biannual changes in the suppliers of business financing.
The dashboard includes all term loans, mortgages, credit cards and lines of credit provided to businesses in Canada.
Note to readers
Data from the Biannual Survey of Suppliers of Business Financing for the first half of 2019 have been revised.
The product Suppliers of Business Financing Visualization Tool is now available.
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).