Biannual Survey of Suppliers of Business Financing, second half 2014
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Released: 2015-05-05
The increase in total credit outstanding and total disbursements in the second half of 2014 was the largest period-over-period variation since the inception of this survey in 2011. Total credit outstanding increased by 5.0% to $658.5 billion. One key factor contributing to this growth was a 9.6% increase in total disbursements to $88.2 billion.
Chart 1
Total credit outstanding
Total credit outstanding increased by $31.3 billion to $658.5 billion. The largest loan category of $5 million or more was up 7.5% or $30.6 billion, making it the major contributor to the increase in total credit outstanding.
Some of the industries that contributed significantly to the increase in total credit outstanding at the end of 2014 were real estate and rental and leasing, up $5.3 billion (+4.5%), other primary industries, up $4.2 billion (+9.7%), and construction, up $3.2 billion (+6.3%). Wholesale and retail trade was the lone industry category to report a decline, edging down 0.5% to $424 million.
Term instruments increased the most by the end of 2014, up 5.5% to $395.7 billion.
Chart 2
Total disbursements
Total disbursements had significant gains in the second half of 2014, rising 9.6% to $88.2 billion.
The largest loan category of $5 million or more grew by $6.4 billion or 11.7%. In contrast, the loan category of $50,000 or less declined by $150 million or 19.6%.
Some of the industries that contributed significantly to the $7.7 billion growth were finance and insurance, up $1.4 billion (+25.8%), real estate and rental and leasing, up $1.1 billion (+8.2%) and construction, up $1.1 billion (+12.9%). The lone industry category to decline was agriculture, down 3.9% to $372 million.
Note to readers
Data for the Biannual Survey of Suppliers of Business Financing have been revised for the first half of 2014.
Contact information
For more information, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca).
To enquire about the concepts, methods or data quality of this release, contact Robert Fair (613-864-8308; robert.fair@statcan.gc.ca) or Philippe Marceau (613-864-8790; philippe.marceau@statcan.gc.ca), Industrial Organization and Finance Division.
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