Canadian Businesses Lean on New Installment Loans For Debt Repayment as Delinquencies Rise
Canadian Businesses Lean on New Installment Loans For Debt Repayment as Delinquencies Rise
- Interest Rate Cut May Bring Some Relief as Business Owners Grapple with Loan Repayments -
- 貸款還款規則被制定後,降息可能會給企業業主一些緩解。-
Equifax Canada's Market Pulse Q1 2024 Business Credit Trends
艾可菲加拿大2024年第一季度商業信貸趨勢市場脈搏
TORONTO, June 18, 2024 (GLOBE NEWSWIRE) -- According to the latest data from Equifax Canada's Market Pulse Q1 2024 Business Credit Trends Report, new installment loan originations surged by 74 per cent year-over-year in the second half of 2023. Businesses that raced to meet the Canada Emergency Business Account (CEBA) forgiveness deadline of January 18th, 2024 could potentially be driving this higher-than-seasonal demand.
TORONTO,2024年6月18日(環球新聞社) - 根據艾可菲最新數據加拿大2024年第一季度商業信貸趨勢報告顯示,在2023年下半年,新的分期貸款發放額同比增長74%,這可能是由於爲滿足2024年1月18日的CEBA(Canada Emergency Business Account)的寬限期而趕緊發放新貸款的企業推高了這種高於季節性需求的趨勢。
"While it may feel like CEBA is moving into the rear-view mirror, it's truly a matter of businesses turning to new installment loans to secure their financial stability," said Jeff Brown, Head of Commercial Solutions for Equifax Canada. "Many businesses were focused on the forgiveness deadline and paying back debt to take advantage of this timeline. The increased reliance on these loans has also contributed to a notable rise in delinquencies, particularly in installment loans."
艾可菲加拿大商業解決方案主管Jeff Brown表示:“儘管CEBA的問題似乎已經過去,但事實上企業正在尋求新的分期付款貸款來確保自己的財務穩定性。” “許多企業都關注寬限期和償還債務,以利用這個時限。對這些貸款的依賴也導致嚴重逾期問題的顯着上升,特別是分期付款貸款。”
Financial Stress Continues for Businesses
企業的金融壓力持續加劇
The uptick in delinquencies, notably observed from April 2022 to April 2024, parallels the implementation of interest rate hikes commencing in March 2022. A noticeable shift occurred in this period, with the percentage of companies experiencing at least one delinquency rising from 4.3 per cent to 4.9 per cent.
2022年4月至2024年4月,逾期率明顯上升,與2022年3月開始的利率上漲相似。在這段時期內,受到至少一個逾期問題影響的公司比例從4.3%上升到4.9%。
Industrial trades (credit accounts between businesses and suppliers) have seen a significant increase in 30+ day delinquencies, rising from 10.1 per cent in Q1 2023 to 12.2 per cent in Q1 2024. Similarly, financial trades (credit accounts between businesses and financial institutions) have also experienced an increase in delinquency rates, with 30+ day delinquencies rising from 3.3 per cent in Q1 2023 to 3.4 per cent in Q1 2024. Financial trade delinquencies are primarily being driven by missed payments on installment loans and lines of credit where 30+ delinquency rates have risen from 2.4 per cent and 3.3 per cent in Q1 2023 to 2.7 per cent (up 24.8%) and 3.9 per cent (up 19.1%) in Q1 2024 respectively. Overall credit card delinquencies remained low. However, businesses that have opened new credit cards over the last two years are missing payments at a much faster rate on those cards, which may impact delinquency levels later in 2024. "It is more important than ever to monitor newer accounts for early warning signs of financial stress as it might take some time to see their impact on portfolios," said Brown.
工業交易(企業與供應商之間的信用交易)30天以上逾期帳戶的拖欠情況顯著增加,從2023年第一季度的10.1%增加到2024年第一季度的12.2%。同樣,金融交易(企業與金融機構之間的信用交易)的違約率也有所增加,30天以上逾期率從2023年第一季度的3.3%增加到2024年第一季度的3.4%。金融交易的逾期主要是由分期貸款和信用額度的錯過付款驅動的,其中30天以上的逾期率分別從2023年第一季度的2.4%和3.3%增加到2024年第一季度的2.7%(增長了24.8%)和3.9%(增長了19.1%)。整體信用卡逾期率保持較低水平。然而,過去兩年開卡的企業在這些信用卡上的錯過付款率要快得多,這可能會影響2024年的逾期水平。布朗表示:“比以往任何時候都更重要的是,監測新帳戶的金融壓力的早期預警信號,因爲可能需要一些時間才能看到它們對投資組合的影響。”
Delinquencies in Transportation and Retail at Record High Levels
運輸和零售行業的逾期率達到歷史最高水平
Delinquencies on asset-based loans are at some of the highest rates seen in the last twenty years, driven largely by the transportation and retail industries. "The rise in missed payments strongly deviates from what would be expected, and may be cause for long-term concern. The asset-based loans include equipment leases that traditionally have lower-than-average delinquency. This makes sense because if, for example, you're running a pizza restaurant, you don't go delinquent on the lease of your pizza oven or if you're a trucking company you won't want to go delinquent on your trucks either — because if you do, it's game over for your business," notes Brown.
基於資產的貸款的逾期率屬於過去二十年中最高水平,這主要是由運輸和零售行業推動的。Brown指出:“錯過付款的增加明顯偏離了預期,可能是長期關注的原因。資產貸款包括傳統上逾期率較低的設備租賃。這是有道理的,因爲例如,如果您經營比薩餅店,您不會逾期支付比薩餅烤箱的租金,或者如果您是一家卡車公司,您也不會想不歸還卡車租金-如果這樣,就完全崩潰了。”
Business Debt Up, But Rate Cut Will Offer Some Relief
企業債務增加,但降息將提供一些緩解
On top of the challenge of rising delinquencies, Canadian businesses are struggling under the weight of rising debt, with outstanding financial trade balances hitting a new high of $31.9 billion in Q1 2024 — a 7.4 per cent increase from last year.
除了逾期率不斷上升的挑戰外,加拿大企業還面臨着債務不斷增加的壓力。截至2024年第一季度,未償還的金融業貿易餘額創下了319億加元的新高,同比增長7.4%。
"The recent rate cut by the Bank of Canada offers hope that we could be on a trend towards lower rates if inflation remains in check," said Brown. "Businesses may get some breathing room on debt payments, which could potentially free up resources for growth."
Brown表示:“加拿大銀行最近的降息提供了一線希望,如果通脹保持在控制範圍內,我們可能會趨向於更低的利率趨勢。” “企業可能會因此得到一些債務支付的喘息時間,這可能會爲增長騰出一些資源。”
Rise in New Businesses, Strict Lending
新業務增長迅速,借貸限制嚴格
Inquiry volumes for financing during the first quarter of 2024 jumped 2.4 per cent year-over-year, reflecting strong demand from businesses. While access to credit may be uneven with lower-risk borrowers receiving a larger share of new trades, there are positive trends emerging. More than 53,000 businesses have opened in Q1 2024, up 30 per cent from Q1 2023.
2024年第一季度融資的查詢量同比增長2.4%,反映了企業的強勁需求。儘管信貸獲取可能是不均勻的,低風險借款人佔新交易的比例較大,但是出現了一些積極的趨勢。超過53,000家公司在2024年第一季度創立,比2023年第一季度增長了30%。
The industrial sector saw a 6.5 per cent rise in new originations in 2023 compared to 2022. Financial trades also increased with a 3.4 per cent increase in the last quarter and a significant 14.4 per cent jump year-over-year. "These figures paint a promising picture for future economic activity, despite some adaptations in the lending environment," concludes Brown.
工業板塊在2023年的新發起增長率比2022年增長了6.5%。金融交易也有所增加,最近一個季度增加了3.4%,年度同比增長了14.4%。布朗總結道:“儘管信貸環境發生了一些調整,但這些數字描繪出未來經濟活動的樂觀畫面。”
About Equifax
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.
關於艾可菲
艾可菲(紐交所:EFX)相信知識推動進步。作爲一家全球數據、分析和技術公司,我們通過幫助金融機構、企業、僱主和政府機構更有信心地做出關鍵決策,在全球經濟中發揮着至關重要的作用。我們獨特的數據、分析和雲技術融合驅動洞見,驅動決策,推動人們前進。艾可菲總部位於亞特蘭大,並在北美、中南美洲、歐洲和亞太地區的24個國家開展業務或進行投資。欲了解更多信息,請訪問。Equifax.ca.
Contact:
Andrew Findlater
SELECT Public Relations
afindlater@selectpr.ca
(647) 444-1197
聯繫方式:
Andrew Findlater
SELECT Public Relations
afindlater@selectpr.ca
(647) 444-1197
Angie Andich
Equifax Canada Media Relations
MediaRelationsCanada@equifax.com
Angie Andich
艾可菲加拿大媒體關係部門
MediaRelationsCanada@equifax.com