Daily News: May 29, 2013

PayNet: Canadian Commercial Lending Rises in Q1/13

Reuters reported that commercial borrowing by small and medium-sized businesses in Canada climbed in Q1/13, driven by strong domestic and global demand, citing a PayNet survey.

PayNet, which tracks commercial financing for millions of North American small and medium-sized businesses, said its Canadian Business Lending Index rose to 194, the highest level since it was created in 2005.

The index rose 4% in Q1/13 from Q4/12 and was up 29% year-over-year, the article said.

To read the full Reuters article click here.