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.