This is a lower-tier indicator but something the Bank of Canada is watching.

• Business lending conditions fell to -1.89% versus +1.71% in Q3
• Mortgage lending conditions -10.39% versus -2.86% in the third quarter
• Non-mortgage lending conditions -1.2% versus -1.53% in the third quarter

Tthe business lending conditions is the lowest since Q1 2022

This article was written by Greg Michalowski at www.forexlive.com.