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Biannual Survey of Suppliers of Business Financing, Second half of 2020

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Released: 2021-04-08

Value of credit outstanding

$1,007.0 billion

July 2020

Credit extended to Canadian corporations decreases in the second half of 2020

Outstanding credit extended to Canadian corporations edged down 0.8% (-$7.8 billion) from the first half of 2020 to $1,007.0 billion at the end of the second half of 2020. On a year-over-year basis, total business credit outstanding increased 2.2% (or +$22.1 billion).

Total business credit outstanding decreased from the first half of 2020 for borrowers in several industries. The manufacturing industry led the decrease (-$7.1 billion), followed by the finance and insurance industry (-$5.7 billion).

Total term credit disbursed during the second half of 2020 was $134.5 billion, down 12.3% (-$18.9 billion) from the first half of 2020.

The finance and insurance industry led the decrease in term credit, down 29.9% (or -$6.8 billion).

Dashboard now available

The "Suppliers of Business Financing Visualization Tool" 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.

Additional information and other studies and statistics related to gender and enterprises can be found in the business performance and ownership statistics portal.

  Note to readers

Data from the Biannual Survey of Suppliers of Business Financing for the first half of 2020 have been revised.

Products

The product "Suppliers of Business Financing Visualization Tool" is now available.

Contact information

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).

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