<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Canadian businesses’ debt-servicing costs have been increasing since 2022</label>
    <description><![CDATA[Interest expenses as a share of earnings, 4-quarter moving average

Data are for publicly listed businesses headquartered in Canada. Earnings are before interest, taxes, depreciation and amortization.

FactSet and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=238471</link>
</groupDetail>
<seriesDetail>
<series id="FSR_2024_C7_S1">
<label>Interest expenses as a share of earnings</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2013-03-31"><v s="FSR_2024_C7_S1">13.65</v></o>
<o d="2013-06-30"><v s="FSR_2024_C7_S1">13.65</v></o>
<o d="2013-09-30"><v s="FSR_2024_C7_S1">13.88</v></o>
<o d="2013-12-31"><v s="FSR_2024_C7_S1">14.35</v></o>
<o d="2014-03-31"><v s="FSR_2024_C7_S1">14.34</v></o>
<o d="2014-06-30"><v s="FSR_2024_C7_S1">14.22</v></o>
<o d="2014-09-30"><v s="FSR_2024_C7_S1">14.17</v></o>
<o d="2014-12-31"><v s="FSR_2024_C7_S1">14.37</v></o>
<o d="2015-03-31"><v s="FSR_2024_C7_S1">15.75</v></o>
<o d="2015-06-30"><v s="FSR_2024_C7_S1">16.48</v></o>
<o d="2015-09-30"><v s="FSR_2024_C7_S1">17.48</v></o>
<o d="2015-12-31"><v s="FSR_2024_C7_S1">19.41</v></o>
<o d="2016-03-31"><v s="FSR_2024_C7_S1">19.77</v></o>
<o d="2016-06-30"><v s="FSR_2024_C7_S1">20.54</v></o>
<o d="2016-09-30"><v s="FSR_2024_C7_S1">20.54</v></o>
<o d="2016-12-31"><v s="FSR_2024_C7_S1">19.09</v></o>
<o d="2017-03-31"><v s="FSR_2024_C7_S1">18.21</v></o>
<o d="2017-06-30"><v s="FSR_2024_C7_S1">17.59</v></o>
<o d="2017-09-30"><v s="FSR_2024_C7_S1">17.08</v></o>
<o d="2017-12-31"><v s="FSR_2024_C7_S1">17.07</v></o>
<o d="2018-03-31"><v s="FSR_2024_C7_S1">17.04</v></o>
<o d="2018-06-30"><v s="FSR_2024_C7_S1">17.02</v></o>
<o d="2018-09-30"><v s="FSR_2024_C7_S1">17.17</v></o>
<o d="2018-12-31"><v s="FSR_2024_C7_S1">17.08</v></o>
<o d="2019-03-31"><v s="FSR_2024_C7_S1">17.33</v></o>
<o d="2019-06-30"><v s="FSR_2024_C7_S1">17.39</v></o>
<o d="2019-09-30"><v s="FSR_2024_C7_S1">17.68</v></o>
<o d="2019-12-31"><v s="FSR_2024_C7_S1">17.92</v></o>
<o d="2020-03-31"><v s="FSR_2024_C7_S1">18.54</v></o>
<o d="2020-06-30"><v s="FSR_2024_C7_S1">19.99</v></o>
<o d="2020-09-30"><v s="FSR_2024_C7_S1">19.92</v></o>
<o d="2020-12-31"><v s="FSR_2024_C7_S1">19.65</v></o>
<o d="2021-03-31"><v s="FSR_2024_C7_S1">19.62</v></o>
<o d="2021-06-30"><v s="FSR_2024_C7_S1">17.25</v></o>
<o d="2021-09-30"><v s="FSR_2024_C7_S1">16.46</v></o>
<o d="2021-12-31"><v s="FSR_2024_C7_S1">15.38</v></o>
<o d="2022-03-31"><v s="FSR_2024_C7_S1">13.15</v></o>
<o d="2022-06-30"><v s="FSR_2024_C7_S1">12.68</v></o>
<o d="2022-09-30"><v s="FSR_2024_C7_S1">12.65</v></o>
<o d="2022-12-31"><v s="FSR_2024_C7_S1">13.46</v></o>
<o d="2023-03-31"><v s="FSR_2024_C7_S1">14.75</v></o>
<o d="2023-06-30"><v s="FSR_2024_C7_S1">16.23</v></o>
<o d="2023-09-30"><v s="FSR_2024_C7_S1">16.87</v></o>
</observations>
</data>