News Formal

Posthaste: 'Using a credit card to keep the lights on': New report shows 'alarming' shift in business borrowing

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 80%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Credit card use is up 15% as financial stress forces more Canadian businesses to lean on revolving credit, says Equifax. Read more

“The decline in instalment loans and the shift towards credit card usage could be impeding their growth potential and hindering their ability to make larger investments.”Brown said late delinquencies in industrial trades have risen by 9 per cent within a 60-day window, annually, and are now nearing pre-pandemic levels.

“This will challenge the financial health of businesses and has the potential for ripple effects on the overall economy.” “This is a concerning trend. Given the likelihood of more interest rate hikes, it really raises concerns about the overall economic outlook for business owners in Canada,” said Brown.Canadians on average are spending 21.5 per cent more each month on their credit cards compared to before the pandemic, the agency said in its

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 10. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Posthaste: Canada's housing market rebound has defied expectations, but don't expect it to lastBank of Canada interest rate hikes will once again put a damper on housing market demand, say economists
출처: financialpost - 🏆 7. / 85 더 많은 것을 읽으십시오 »

Posthaste: Canada's housing market rebound has defied expectations, but don't expect it to lastBank of Canada interest rate hikes will once again put a damper on housing market demand, say economists
출처: nationalpost - 🏆 10. / 80 더 많은 것을 읽으십시오 »

Posthaste: Canada's housing market rebound has defied expectations, but don't expect it to lastBank of Canada interest rate hikes will once again put a damper on housing market demand, say economists
출처: fpinvesting - 🏆 43. / 63 더 많은 것을 읽으십시오 »

Posthaste: Canada's housing market rebound has defied expectations, but don't expect it to lastBank of Canada interest rate hikes will once again put a damper on housing market demand, say economists
출처: calgaryherald - 🏆 64. / 52 더 많은 것을 읽으십시오 »

Posthaste: Canada's housing market rebound has beat expectations, but don't expect it to lastICYMI - Posthaste: Canada's housing market rebound has defied expectations, but don't expect it to last
출처: nationalpost - 🏆 10. / 80 더 많은 것을 읽으십시오 »