Equifax Canada says average business debt rises 7.3% to $30,581 in Q2 2026
EFX•Canadian business debt and delinquency rise
Equifax Canada said average Canadian commercial debt per business rose 7.3% year over year to $30,581 in Q2 2026.
The 60+ day delinquency rate on financial credit products reached 4%, the highest since 2019, up 19.7% year over year.
Debt pressure grows for higher-risk businesses
High-risk businesses carried average debt of $125,517, up 48.2%.
Debt in the highest-risk tier rose 103.1% to $42,986.
Credit product balances and restructuring activity
Installment loan balances increased 6.9% to $131,107, while line-of-credit balances fell 14.6% to $17,570.
Restructuring proposals rose 30.3% year over year, while bankruptcies fell 8.1% as tariff uncertainty added pressure on cash flow.
