The Lessors   Network
.
Arrow  Lessors Network  Membership
.
Arrow  View Membership Benefits
.
Lessors Network Shadow
.
Lessors Network Header
.
Lessors Network Logo
Equipment Finance News, Events & Resources
.

The Lessors Network showcases the largest equipment finance community on the Web, providing business leaders free access to breaking news, events, funding sources, technology solutions and outsourcing resources exclusive to a $1 trillion U.S. equipment finance market.

LinkedIn
Over 1,650 Global Members
.

Bullet  About   Bullet  Advertise   Bullet  Contact   Bullet  Directories   Bullet  Email   Bullet  Events   Bullet  SiteMap   Bullet  Terms



Breaking News
Arrow  Email Alert Subscription     Arrow  Submit A Press Release
Lessors Network Shadow
.
Lessors Network News

Canadian small business lending dips in Jan - PayNet

.

OTTAWA, March 15 (Reuters) - Lending activity to small Canadian businesses edged down in January, though borrowing by larger firms accelerated, data showed on Wednesday, pointing to an economy that is still recovering from an oil price shock two years ago.

The PayNet Canadian Small Business Lending Index decreased to 120.3 from 121.9 in December, while lending was down 6 percent compared to a year ago.

But medium-sized companies fared better, rising to 238.3 from 221.7. Activity was flat from a year ago.

Small business lending has fallen from a peak reached in June 2015 as the economy was hit by the drop in the price of oil, a major export for Canada.

But economists expect the worst of the oil fallout is over. Small business lending is also improving compared to the double-digit annual decreases seen last year, said PayNet President Bill Phelan.

"Overall, private companies have been digging themselves out," said Phelan.

Lending in the accommodation and food sector picked up, rising to 222.3 from 212.8. But the manufacturing sector, which economists had hoped would help drive growth, fell to 62.5 from 63.7.

The financial health of companies remained solid, with the number of small businesses that were 30 days or more behind on loans holding steady at 1.11 percent.

Those that were late by 90 days or more edged down to 0.35 percent from 0.36 percent.

(Reporting by Leah Schnurr; Editing by Bernard Orr)

.

  Free Headlines In Your Inbox

Email Alerts
Every day we send out free Email Alerts with the most important headlines of the last 24 hours (excluding slow news days).
.
.
 Blue Arrow


Blue Arrow   Return To Breaking News...
.
Lessors Network Ad

Leasing World

LeasingWorld | Media

LeasingWorld magazine is a world leader for leasing news and analysis. It has a strong reputation for professional articles on all aspects of equipment leasing. Because we see our leasing industry as a global community, we tailor our output to satisfy the whole of the leasing world, right across the globe.

Jan Szmigin
+44(0)1905 621444
.

  Membership Registration

Lessors Network Membership
Does Your Association Membership Include Free Multi-Channel Promotion of Your Organization? Why Not?
.
Blue Arrow View Benefits
Blue Arrow Membership Registration
.


    About The Lessors Network
Lessors Network Shadow
Lessors Network Logo
.
LinkedIn
Over 1,650 Global Members
.
Lessors Network Membership
The Largest Equipment Finance Community On The Web

In 1998 industry veteran John O. Semon founded The Lessors Network, recognizing the need and opportunity for a B2B platform to showcase and connect business leaders around the world with asset based news, events, funding sources, technology products and outsourcing resources exclusive to a $1 trillion U.S. equipment lease finance industry.

Lessors Network Membership Benefits include complementary advertising platforms and a global media distribution platform ensuring maximum exposure of your company's message.

Today the Lessors Network provides business leaders around the world free access to largest equipment lease finance community on the Web.


Bullet  About   Bullet  Advertise   Bullet  Contact   Bullet  Email   Bullet  Events   Bullet  Membership   Bullet  SiteMap   Bullet  Resources   Bullet  Terms

.

A Lessors.com, Inc. Company     © Copyright 1998 - 2017
.