Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Canada
QCAPAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
217.90
Year-over-Year Change
-5.55%
Date Range
10/1/1955 - 10/1/2024
Summary
The 'Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Canada' measures the total stock of credit extended to the private non-financial sector in Canada. This indicator provides insight into the overall level of financing and credit activity within the Canadian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the total amount of outstanding credit provided to private non-financial entities in Canada, including households and non-financial businesses. It is an important gauge of financial conditions and credit availability, which can influence economic growth, investment, and consumer spending.
Methodology
The data is collected and compiled by the Bank of Canada based on reports from financial institutions.
Historical Context
Policymakers and analysts monitor this credit metric to assess the financial health of the private sector and inform monetary and macroprudential policy decisions.
Key Facts
- Credit to private non-financial sector represents 205% of Canada's GDP as of Q4 2022.
- This indicator has grown by over 50% since the 2008 financial crisis.
- Household debt accounts for over 60% of total private non-financial sector credit in Canada.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total amount of outstanding credit extended to the private non-financial sector in Canada, including households and businesses.
Q: Why is this trend relevant for users or analysts?
A: The level of private sector credit is an important gauge of financial conditions and credit availability, which can influence economic growth, investment, and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Bank of Canada based on reports from financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this credit metric to assess the financial health of the private sector and inform monetary and macroprudential policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Canada (QCAPAM770A), retrieved from FRED.