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Biz Credit -5.3% in August, Fastest Since 1980

CANADA DATA
(MNI) OTTAWA
  • Business credit figures at 3M annualized pace was -4.4% in July
  • Loans to business -17.3%, following July record of -19.4%
  • Consumer credit in big rebound, -1.3% in Aug from -9.2% in July and -16.2% in June
  • Credit to wider households +3.2% at 3M annualized rate
  • BOC figures posted data Friday
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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