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Chartered banks: Classification of non-mortgage loans (formerly C7)

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Quarterly data typically published 60 days after calendar quarter end.

Quarterly series

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Canadian dollar loans

Quarter-end, Millions of dollarsCANSIM2022Q32022Q42023Q12023Q22023Q3
Loans to Canadian individuals for non-business purposesV37751582,381587,424584,990599,311605,979
To purchase (or carry) securities
Tax-sheltered plansV37760830731904778709
Market stocks and bondsV377595,9135,7075,5145,5375,480
To purchase consumer goods and other personal servicesV37752575,638580,986578,572592,996599,790
Private passenger vehiclesV3775588,00888,72489,85891,36792,963
Mobile homesV377562,9902,9753,0033,1373,241
Renovations of residential propertyV377572,7943,2883,2053,3583,335
Total excluding credit cardsV37754486,389488,244487,477495,662499,288
Credit cardsV3775389,24992,74291,09597,335100,502
Loans to other CanadiansV120573153435,699450,865463,448472,070476,055
Financial institutionsV12057315252,56753,20252,84357,82859,420
Deposit-taking institutionsV377482,8352,3313,7354,6903,608
Investment dealersV377491,034616478440601
Non-financial corporations and unincorporated businessesV37769360,198373,813385,829390,215392,300
Private businessesV37772355,237368,620380,347385,154387,037
Fishing and trappingV377851,6951,7281,7041,7841,693
Logging and forestryV377841,1581,2471,2361,2951,277
Mining, quarries, and oil wells
Oil and gasV377824,4834,6755,3024,3374,749
Food, beverage and tobaccoV377755,6865,4755,9176,0956,494
Leather, textile and apparelV37776863822841884909
Metal productsV377774,8214,7314,4824,4694,249
Transportation equipmentV377781,8231,8691,7811,8941,826
Petroleum productsV3777953298343185205
Construction / Real estate
Builders and developersV3779327,96229,05330,55530,76230,821
Real estateV3778751,13653,56653,96954,47254,734
Of which: Interim construction lendingV3780315,9855,3475,5235,4425,730
Transportation, communication and other utilitiesV3779238,39242,30744,05045,77646,830
Wholesale tradeV3779120,19621,56321,92121,51920,564
Retail trade
Service industriesV3778878,25378,12483,15983,21483,521
Multi-product conglomeratesV377731,4861,4191,2241,3111,152
Of which: Unincorporated businessesV3779821,36823,16223,15724,69524,489
Government enterprisesV377954,9615,1935,4825,0625,263
Canadian governmentV377674,0224,5054,7204,3574,714
Loans to non-residentsV377666,6865,6708,39012,74913,922
Leasing receivablesV3776517,19117,87418,05718,55118,802
Own acceptances purchasedV3776267,88471,57579,35976,41283,706
Investment dealers subsidiariesV3776116,09518,07916,81815,54116,213
Reverse reposV37763259,001265,950258,655258,584273,690
Total Canadian dollar loansV377461,384,9371,417,4381,429,7151,453,2181,488,368
Of which: Loans made under Government of Canada guaranteed loans schemes
Small business loansV377991,6091,6511,7101,7741,799
Farm improvement loansV37800306308307306328
Canadian student loansV378011,3051,3481,3861,3421,265

Foreign currency loans

Quarter-end, Millions of dollarsCANSIM2022Q32022Q42023Q12023Q22023Q3
Loans to Canadian individuals for non-business purposesV1205731556,0245,4115,9225,5085,466
To purchase (or carry) securitiesV378324,0683,5453,4263,2393,447
Loans to other CanadiansV120573156131,673121,794130,381133,578132,673
Financial institutionsV3780626,50123,14224,05124,83226,647
Non-financial corporations and unincorporated businessesV120573154105,16398,644106,321108,665105,947
Private businessesV37813105,03298,475106,122108,416105,664
Fishing, trapping, logging, forestryV37818222252412495352
Mining, quarries, and oil wells
Oil and gasV378164,5313,7053,8336,5414,497
Metal productsV378283,9754,9053,2483,3493,728
Transportation equipmentV378294,5064,2194,0233,7423,268
Petroleum productsV378303,0832,5622,2992,3642,269
Construction / Real estate
Builders and developersV378251,2301,2151,359788915
Real estateV378208,2875,9948,5368,4289,417
Transportation, communication and other utilitiesV3782413,89913,91914,88521,57619,592
Wholesale tradeV3782311,84210,69411,58010,06811,099
Retail tradeV378222,4352,4632,9012,4962,424
Service industriesV3782118,37217,18319,66119,43418,676
Multi-product conglomeratesV37814269255310297885
Of which: Unincorporated businessesV378341,1221,0828178801,195
Government enterprisesV37807131169199249283
Canadian governmentV378109898179
Loans to non-residentsV37809889,912906,468947,925913,979935,176
Reverse reposV37808703,562736,724736,362755,994766,635
All other loansV3780518,65918,58119,73019,01918,963
Total foreign currency loansV378041,749,8311,788,9791,840,3211,828,0791,858,915


Source: Bank of Canada, Office of the Superintendent of Financial Institutions (OSFI)

Data cover chartered bank non-mortgage loans. The institutional sectors used for these data conform to the Statistics Canada definitions in the financial flow sector accounts. Data in this table are reported gross of allowance for impairment and will therefore differ from non-mortgage loans as presented in Chartered bank assets: Month-end (formerly C3). The detailed loan categories cover only non-mortgage loans to Canadian residents – loans to non-residents are shown separately in the table. Foreign currency loans have been converted into their Canadian dollar equivalents using the closing exchange rate prevailing on the last business day of the quarter.

The Canadian dollar portion of loans to Canadian individuals for non-business purposes generally conforms to the total personal loan series previously reported, except that loans are reported gross of allowance for impairment and also do not include loans to non-residents. Tax-sheltered plans include loans for registered savings plans such as RRSPs and RHOSPs. Marketable stocks and bonds are loans to individuals other than investment dealers and brokers which, when made, were fully secured by marketable stocks and bonds.

Loans to purchase consumer goods and other personal services include loans secured by marketable stocks and bonds that have been identified as being used to purchase consumer goods or services. Private passenger vehicles include all loans so identified whether or not they are secured by the purchased vehicle. Mobile homes include non-mortgage loans for all mobile homes as defined in the National Housing Act.

Credit cards include all outstanding balances under a credit card plan.

Deposit-taking financial institutions include Canadian chartered banks, Quebec savings banks, credit unions and caisses populaires, trust companies and mortgage loan companies. Other financial institutions include insurance companies, pension funds, consumer and business finance companies, investment companies, and public financial institutions.

Non-financial corporations and unincorporated businesses include all corporations, unincorporated businesses and unincorporated branches of foreign corporations operating in Canada (except financial institutions and government enterprises), and are classified using the 1980 Standard Industrial Classification published by Statistics Canada.

Agriculture includes agricultural industries as well as service industries incidental to agriculture, e.g., the veterinary and harvesting industries etc. Energy includes establishments primarily engaged in exploration and/or production of conventional petroleum and natural gas. Builders and developers include those engaged in either residential or non-residential building activities. Land developers are included under other construction. Multi-product conglomerates include those non-financial private corporations in which no one business constitutes more than 50 per cent of the corporation’s total activity. Unincorporated businesses include all businesses that are not incorporated under the law of Canada or a province and that are not unincorporated branches of foreign corporations.

Government enterprises include all Canadian and foreign public corporations in which a government holds at least 50 per cent of the voting stock and any subsidiaries of these companies. It also includes all governmental bodies that carry on a business and have their own borrowing authority.

Loans to institutions include loans to private non-profit institutions and to religious, health and educational institutions.

Loans to governments include loans to all governmental entities that do not carry on a business or do not have their own borrowing authority.

Loans to non-residents are loans to individuals, corporations or other organizations not ordinarily resident in Canada, but do not include lease financing receivables of non- residents or loans to and deposits with non-resident associated corporations, which are reported under leasing receivables.

Loans made under Government of Canada guaranteed loans schemes do not include funds advanced under the Small Business Development Bond or Small Business Bond programs, as these instruments are classified as securities on the books of the chartered banks.

Beginning December 1994, loans by securities subsidiaries exclude reverse repurchase agreements.

Beginning December 1994, loans to non-residents exclude reverse repurchase agreements.