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• 1. Chapter 6. Financial and wealth accounts in the Canadian System of Macroeconomic Accounts

  Surveys and statistical programs – Documentation: 13-606-G201600114621

  Description:

  An explanation of the structure and concepts of Canada’s financial flow and national balance sheet accounts.

  Release date: 2016-11-30

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• 2. Trade Credit and Credit Rationing in Canadian Firms Archived

  Articles and reports: 11F0027M2005036

  Geography: Canada

  Description:

  Burkart and Ellingsen (2004) develop a model of trade credit and bank credit rationing which predicts that trade credit will be used by medium-wealth and low-wealth firms to help ease bank credit rationing. This paper tests this and other predictions of the Burkart and Ellingsen model using a large sample of more than 28,000 Canadian firms. The author uses an endogenous method to divide the firms into the appropriate wealth categories rather than arbitrarily selecting firms likely to be credit-rationed. The data support the main predictions of the model quite well. The author finds that medium-wealth firms substitute trade credit for bank credit consistent with using it to alleviate bank credit rationing. The low-wealth firms use trade credit but it is positively linked to bank credit, suggesting those firms are constrained in both bank credit and trade credit markets, and so cannot use trade credit to adjust as much to negative shocks. The findings also suggest that there are very few unconstrained, high-wealth Canadian firms. The author also finds low-wealth, declining and distressed firms supply proportionally more trade credit than firms with healthier balance sheets.

  Release date: 2005-11-04

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• 3. Canada's travel account deficit (1980-1997): Cause for concern? Archived

  Articles and reports: 87-003-X19990014219

  Geography: Canada

  Description:

  In the first half of 1998, Canada's travel account deficit reached a ten year low of $3 billion, down almost 18% from the same period in 1997. This is a positive sign. But, it should be recognized that Canada's travel account does not measure the financial health of its tourism industry. Canada's travel account simply measures the difference between earnings from visitors travelling in Canada and spending by Canadian residents travelling abroad.

  Release date: 1999-01-11

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Analysis (2) ((2 results))

• 1. Trade Credit and Credit Rationing in Canadian Firms Archived

  Articles and reports: 11F0027M2005036

  Geography: Canada

  Description:

  Burkart and Ellingsen (2004) develop a model of trade credit and bank credit rationing which predicts that trade credit will be used by medium-wealth and low-wealth firms to help ease bank credit rationing. This paper tests this and other predictions of the Burkart and Ellingsen model using a large sample of more than 28,000 Canadian firms. The author uses an endogenous method to divide the firms into the appropriate wealth categories rather than arbitrarily selecting firms likely to be credit-rationed. The data support the main predictions of the model quite well. The author finds that medium-wealth firms substitute trade credit for bank credit consistent with using it to alleviate bank credit rationing. The low-wealth firms use trade credit but it is positively linked to bank credit, suggesting those firms are constrained in both bank credit and trade credit markets, and so cannot use trade credit to adjust as much to negative shocks. The findings also suggest that there are very few unconstrained, high-wealth Canadian firms. The author also finds low-wealth, declining and distressed firms supply proportionally more trade credit than firms with healthier balance sheets.

  Release date: 2005-11-04

  ---

• 2. Canada's travel account deficit (1980-1997): Cause for concern? Archived

  Articles and reports: 87-003-X19990014219

  Geography: Canada

  Description:

  In the first half of 1998, Canada's travel account deficit reached a ten year low of $3 billion, down almost 18% from the same period in 1997. This is a positive sign. But, it should be recognized that Canada's travel account does not measure the financial health of its tourism industry. Canada's travel account simply measures the difference between earnings from visitors travelling in Canada and spending by Canadian residents travelling abroad.

  Release date: 1999-01-11

Reference (1) ((1 result))

• 1. Chapter 6. Financial and wealth accounts in the Canadian System of Macroeconomic Accounts

  Surveys and statistical programs – Documentation: 13-606-G201600114621

  Description:

  An explanation of the structure and concepts of Canada’s financial flow and national balance sheet accounts.

  Release date: 2016-11-30