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Pedestrians walk down a section of Granville Street in Vancouver lined with small local businesses and a variety of shops in a file photo. Don Emmert/AFP/Getty Images
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More than 10 percent of Canadian businesses have missed a credit payment this year, and delinquency rates could continue to climb, according to a credit bureau report.
Equifax’s Business Credit Trends and Insights Report found that 11.3 percent of businesses missed a credit payment in the first quarter of 2025—or more than 309,000 businesses. It is a 14.6 percent year over year increase, a June 9 Equifax news release said.
