Private credit in Canada Sparks at Bank article Wendy Chan, Cameron MacDonald, Geneviève Vallée Private credit—business loans made by non-bank lenders—has expanded rapidly worldwide, but for Canadian businesses, it remains a stable and relatively limited source of funding. Canadian asset managers, however, are actively participating in private credit globally, creating exposures that could matter for financial stability in Canada. Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Financial system, Financial institutions and intermediation, Household and business credit