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Canadian business lending conditions are tightest since pandemic - BNN Bloomberg

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Business lending conditions in Canada are at the tightest level since the start of the COVID-19 crisis, with households also facing even sharper constraints amid higher interest rates.

The balance of opinion on overall business lending conditions jumped to 11.3 in the first quarter of this year, according to data released Friday in the Bank of Canada’s Senior Loan Officer Survey. That’s the highest since the second quarter of 2020.

Still, non-pricing conditions marked the biggest shift, and the survey coincided with global banking concerns that arose at the beginning of March.

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