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Despite Rate Cuts and Business Optimism, Credit Challenges Persist for Small Businesses
Financial trade delinquencies rose 7% year-over-year as manufacturers increased credit use to cover rising input costs, despite easing inflation and interest rate cuts.
- Equifax Canada found 60+ day financial delinquencies rose to 3.5% in Q3 2025, up 7% year-over-year, alongside a rebound in new credit activity in its Dec. 02, 2025 report.
- Amid easing inflation and rate cuts, a 13.8 per cent jump in gold and metal ores and 1.6 per cent rise in RMPI fueled an 8.83 per cent increase in credit inquiries, according to Equifax.
- In Q3 2025, Ontario recorded the highest financial trade delinquency at 3.86%, up 10.49% year-over-year, with the financial and insurance industry surging 17.5%.
- Equifax warned the next few weeks will be critical as small-business owners enter the holiday season with cautious optimism, but elevated debt leaves little margin for error.
- New ventures increased borrowing, with balances up 83 per cent, as industrial trade originations jumped 26 per cent and delinquency fell to 4.92 per cent, Equifax reports.
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Despite rate cuts and business optimism, credit challenges persist for small business: Equifax
"Strong holiday demand can give businesses the momentum they need to start 2026 on firmer ground, but elevated debt levels mean the margin for error remains thin." The post Despite rate cuts and business optimism, credit challenges persist for small business: Equifax appeared first on Retail Insider.
Coverage Details
Total News Sources10
Leaning Left7Leaning Right1Center1Last UpdatedBias Distribution78% Left
Bias Distribution
- 78% of the sources lean Left
78% Left
L 78%
11%
11%
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