Between 2019 and 2024, only 11.5% of outstanding business loans in Canada went to SMEs. Across the OECD, the average was 44%.
A new report by @michellearnold.bsky.social argues that this is not a reflection of the limits of our entrepreneurs, but the limits of our lenders.
Read the report 👇
Canada's enterprise financing system is dominated by big banks that control 93% of banking assets and nearly 80% of SME lending. While stable and respected, these banks have structural constraints—min...
