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Rise of business lending leaves household borrowing behind
JACQUELINE NELSON
— The Globe and Mail
Published
Last updated
As consumer lending softens, business lending has picked up, but it has been more than 10 years since Canadian companies last outpaced households in their demand for credit.
That’s what the charts are showing now. Business credit is up by 7.8 per cent year over year, Bank of Montreal chief economist Douglas Porter notes in a report this morning. In comparison, household credit has grown just 4.9 per cent year over year.
