Canada: outstanding loans, by business size

Value of outstanding of loans to businesses in Canada from first half 2018 to second half 2023, by business size (in billion Canadian dollars)

Characteristic	Small businesses	Medium-sized businesses	Large businesses
H1 2018	104.4	157.9	614.5
H2 2018	105.7	162.1	650.4
H1 2019	108.6	165.6	683.5
H2 2019	109.8	170.2	704.8
H1 2020	113.3	173.3	728.2
H2 2020	117.9	173.7	715.4
H1 2021	122.7	182	741.2
H2 2021	127.5	184.9	784.1
H1 2022	137.9	201.7	838.8
H2 2022	140.4	203.1	892.4
H1 2023	142.1	207	932.5
H2 2023	134.8	203.8	1,007.4

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Release date

October 2024

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Region

Canada

Survey time period

H1 2018 to H2 2023

Supplementary notes

Small businesses refers to those with loan authorization levels of less than one million Canadian dollars.
Medium-sized businesses refers to those with loan authorization levels of one million to five million Canadian dollars.
Large businesses refers to those with loan authorization levels of five billion Canadian dollars or more. Adapted from Statistics Canada, Biannual Survey of Suppliers of Business Financing — Data analysis, page 7-8, H1 2018 to H2 2022 . This does not constitute an endorsement by Statistics Canada of this product.

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The value of outstanding loans to businesses in Canada mostly increased from the first half of 2018 to the second half of 2023. The main exception to that occurred in the second half of 2020, when the value of loans to large businesses (those with loan authorization levels of five billion Canadian dollars or more) decreased. Large businesses accounted for most of the business loans in Canada, amounting to over one trillion Canadian dollars in the second half of 2024.