Credit stress builds for some SMBs as debt rises and bank delinquencies climb

Credit stress builds for some SMBs as debt rises and bank delinquencies climb

Equifax Canada Q4 data shows widening divide across sectors and regions

Equifax Canada Data Shows Credit Stress Building For Some SMEs

TORONTO — New Equifax Canada data shows financial trade delinquencies have reportedly risen 9.02 per cent year-over-year in Q4 2025 to 3.52 per cent nationally, even as industrial trade delinquencies reportedly fell by 25.52 per cent to 4.65 per cent. At the same time, the Canadian Small Business Health Index declined 2.4 per cent year-over-year, signalling weakening resilience as debt loads climb and credit stress becomes more concentrated, acc…