Bank lending standards survey from the Bank of Canada
- Credit conditions tightened
- Conditions tightest since 2009
- Pricing 12.6 vs 5.2 prior
- Non-pricing conditions 35.2 vs 7.6 prior
- Tightening in business lending concentrated in oil and gas
- Full text (pdf)
The greater the number, the tighter conditions are.
Banks are reeling in lending. Conditions are the tightest since 2009.