2024 Q1 CEBA loans, high interest rates, and inflation result in rising payment delinquencies for BC businesses, according to Equifax Canada.

CEBA loans, high interest rates, and inflation create a perfect storm for struggling B.C. businesses. First-quarter 2024 credit data shows significant above-average results signalling trouble in British Columbia, with payment delinquencies on the rise nationally and longer-term delinquencies increasing in the province. The Equifax Canada report on business credit trends highlights these worrisome economic trends.