Canadian businesses facing crucial challenges this holiday shopping season

- high debt and missed payments add to rising uncertainty - equifax® canada market pulse — business quarterly credit trends report - q3 2023 toronto, dec. 12, 2023 (globe newswire) -- this holiday season, canadian businesses face challenges including rising debt levels, slowing demand for new credit, and concerns about potential delinquencies, according to equifax® canada's latest market pulse business credit trends and insights report. key findings from the equifax canada data include: credit card debt for businesses surged 10.8 per cent annually in q3, reaching $5.4 billion, indicating increased reliance on revolving credit.
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