Archived — Survey shows increase in business lending
Data analysis of the latest Biannual Survey of Suppliers of Business Financing reveals a continued increase in business lending activity. In total, lenders disbursed approximately $75 billion in new loans to Canadian businesses between July and December 2012, compared with approximately $70 billion in new loans disbursed between January and June of that year. In total, 2012 lending activity increased by 15.1 percent compared to 2011 levels. These results are consistent with an overall loosening in business lending conditions as reported in the Bank of Canada's Senior Loan Officer Survey.
Lending activity for businesses of all sizes increased in 2012. Year-over-year, lending activity increased by 10 percent, 9 percent and 18 percent for small, medium-sized and large businesses respectively. Survey findings also point to an increase in lending activity across all sectors.
The Biannual Survey of Suppliers of Business Financing—Data Analysis document is part of the Government of Canada's commitment to improve the availability of information about financing of businesses in Canada. Data are collected from 120 major suppliers of financing, including domestic banks, credit unions and caisses populaires, representing over 90 percent of all lending to businesses in Canada.
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