Risks to Canada’s corporate sector as interest rates rise

Description: As interest rates rise to curb inflation, so too do risks associated with higher levels of debt. While much has been written about elevated levels of household debt, less attention has been paid to the growth in Canadian corporate debt and its implications for the business and financial sectors. This paper provides an overview of how Canadian corporate borrowing has evolved and what this may mean for risks going forward.

Issue Number: 2024001

DOI: https://doi.org/10.25318/36280001202400100005-eng