You’d wish it were different, but the scene isn’t pretty for Canadian businesses and their capacity to contend with their debts.
New data reveal a rising delinquency rate as more businesses miss credit payments, and the stress is quite profound in key sectors like construction, retail and transportation.
Their woes should worry us, for as they go, so can we see better into the economy’s flight path. In general they’re lagging indicators in portraying existing problems, but they can also portend unemployment.
When businesses miss a credit payment, it is clear they’ve entered a zone leading to considerable consequence—of cash-flow and operational problems, strained supplier relations that can further
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