Bank of Canada Warns of Risks from Rising Private Credit
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The Bank of Canada is monitoring the growth of private credit, where businesses borrow from non-bank lenders like asset managers and insurers. This model, which has Canadian investors and banks exposed to CAD 500 billion in loans, has been linked to high-profile bankruptcies globally. While the share of Canadian businesses using private credit remains limited, the Bank of Canada flags concerns about its lack of regulation and potential contagion effects in a market downturn.
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Here’s why the Bank of Canada is worried about the rise of private cre...
Here’s why the Bank of Canada is worried about the rise of private cre...
Here's why the Bank of Canada is worried about the rise of private cre...
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