PayNet’s Canadian Small Business Delinquency Index, or CSBDI, shows that more small businesses are behind on their bill payments than during the Great Financial Crisis or the initial shock of the COVID-19 pandemic. The number of small businesses that were 91-180 days past due jumped in 2024 to nearly twice as high a level as compared to past periods of financial stress.
Small business delinquencies reach highest point on record
Increased uncertainty around U.S. trade and tariff policy poses a new challenge for small businesses
CoStar Analytics
February 26, 2025 | 3:03 P.M.
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