Canadian Businesses Face Contrasting Fortunes as Holidays Approach
Canadian Businesses Face Contrasting Fortunes as Holidays Approach
At the same time, established businesses showed financial caution, with the average debt per business declining 8.1 per cent year-over-year to $25,366 in Q3 2024. This demonstrates differing approaches among businesses, with newer enterprises contending with higher operational costs while more established ones prioritizing managing debt conservatively.- Business Sentiment up, but Challenges Persist for Debt-Burdened Enterprises -
- 業務情緒上升，但債務負擔企業面臨挑戰 -
Equifax Canada Market Pulse — Q3 2024 Quarterly Business Credit Trends Report
艾可菲加拿大市場脈搏 — 2024年第三季度季度商業信用趨勢報告
TORONTO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Newer Canadian businesses are driving significant growth in debt balances, according to the Equifax Canada Q3 Business Credit Trends Report, setting a complex stage for the upcoming holiday season. Total business debt balances reached $35 billion in Q3 2024, a 15.3 per cent increase from the same period last year, with businesses opened in the past 24 months contributing to a 25.2 per cent rise in balances compared to their counterparts in Q3 2023.
多倫多，2024年12月3日（環球新聞稿）-- 根據艾可菲加拿大2024年第三季度商業信用趨勢報告，新興的加拿大企業正在推動債務餘額的顯著增長，爲即將到來的假日季節設定了複雜的背景。2024年第三季度，總商業債務餘額達到350億，較去年同期增長15.3%，在過去24個月內開辦的企業導致了與2023年第三季度相比餘額增長了25.2%。
At the same time, established businesses showed financial caution, with the average debt per business declining 8.1 per cent year-over-year to $25,366 in Q3 2024. This demonstrates differing approaches among businesses, with newer enterprises contending with higher operational costs while more established ones prioritizing managing debt conservatively.
與此同時，成熟企業表現出財務謹慎，2024年第三季度每家企業的平均債務同比下降8.1%，降至25,366美元。這顯示了企業之間不同的應對方式，新興企業面臨更高的運營成本，而更成熟的企業則優先以保守方式管理債務。
Improving Sentiment Amid Rising Challenges
在不斷增加的挑戰中改善情緒
Economic conditions are showing early signs of stabilization, bolstered by recent interest rate cuts and inflation returning to the Bank of Canada's two per cent target. The Equifax Canadian Small Business Health Index improved by 1.5 per cent in Q3 2024, reflecting stronger business confidence and easing credit access.
經濟形勢顯示出早期穩定的跡象，受到最近減息和通脹回到加拿大銀行2%目標的支持。艾可菲加拿大小型企業健康指數在2024年第三季度提高了1.5%，反映出更強的業務信心和放寬的信貸准入。
"Newer businesses are driving debt growth as they navigate the high costs of establishment and operation," said Jeff Brown, Head of Commercial Solutions at Equifax Canada. "While these businesses are contributing to the economy's overall momentum, rising delinquencies among debt-burdened enterprises remind us that financial recovery is not evenly distributed."
"新興企業在應對高昂的創辦和控件成本時推動了債務增長，"艾可菲加拿大商業解決方案主管傑夫·布朗表示。"雖然這些企業對經濟的整體動力作出了貢獻，但債務負擔過重企業中日益上升的違約率提醒我們，金融復甦並不是均勻分佈的。"
Retail Sector Faces Pressures During Key Holiday Season
零售板塊在關鍵假日季節面臨壓力
Heading into the holiday season, the retail industry is grappling with higher-than-average delinquency rates, reflecting challenges such as lower inflation-adjusted consumer credit card spending compared to last year and business disruptions from the Canada Post strike. These pressures come at a critical time for retailers reliant on holiday sales. "Retail businesses are feeling the strain as the holiday season approaches," added Brown. "Between the Canada Post strike going on this holiday season, including on the key Black Friday weekend, and weaker discretionary consumer spending, small businesses face an uphill battle."
Heading into the holiday season, the retail industry is grappling with higher-than-average delinquency rates, reflecting challenges such as lower inflation-adjusted consumer credit card spending compared to last year and business disruptions from the Canada Post strike. These pressures come at a critical time for retailers reliant on holiday sales. "Retail businesses are feeling the strain as the holiday season approaches," added Brown. "Between the Canada Post strike going on this holiday season, including on the key Black Friday weekend, and weaker discretiona舉 consumer spending, small businesses face an uphill battle."
Trade Delinquencies Rise as Insolvencies Decline
Trade Delinquencies Rise as Insolvencies Decline
In Q3 2024, trade delinquency rates for financial and industrial trades increased to 3.3 per cent and 5.9 per cent, respectively, driven largely by installment loans. However, insolvencies showed improvement, with 1,312 businesses filing in Q3 2024, down 14.7 per cent from the previous quarter.
在2024年第三季度，金融和工業板塊的交易逾期率分別上升至3.3%和5.9%，主要受分期貸款的推動。然而，破產情況有所改善，2024年第三季度有1,312家企業申請破產，比上一季度下降了14.7%。
Early-stage (30-day) delinquency rates are also beginning to stabilize, suggesting financial pressures may be easing as businesses gear up for the fourth quarter.
早期（30天）逾期率也開始趨於穩定，這表明隨着企業爲第四季度做準備，金融壓力可能正在減輕。
Looking Ahead
展望未來
"This holiday season presents both opportunities and challenges for Canadian businesses", noted Brown. "While improving sentiment and easing financial pressures offer hope, rising delinquencies and an uneven recovery are a reminder of the resilience required for Canadian businesses to succeed in this environment."
「這個假日季節對加拿大企業既是機遇也是挑戰，」布朗指出。「儘管改善的情緒和減輕的金融壓力帶來了希望，但上升的逾期率和不均衡的復甦提醒我們，加拿大企業在這種環境中成功所需的韌性。」
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:
聯繫方式：
Andrew Findlater
SELECT Public Relations
afindlater@selectpr.ca
(647) 444-1197
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
譯文內容由第三人軟體翻譯。
