<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>The exposure of large Canadian banks to private credit managers has grown over time but remains small</label>
    <description><![CDATA[Loans of large Canadian banks to large alternative asset managers that specialize in private credit

Values are as of the end of the first fiscal quarter (January 31) of each year. Private credit managers include Blackstone Inc., KKR & Co. Inc., Apollo Global Management Inc., Ares Management Corp., Carlyle Group Inc., Oaktree Capital Management LP and Blue Owl Capital Inc.

Regulatory filings of Canadian banks and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=255176</link>
</groupDetail>
<seriesDetail>
<series id="SABA_CHAN20260810_C3_S1">
<label>Value of loans to private credit managers (left scale)</label>
<description>Value of loans to private credit managers (left scale)</description>
<dimension key="d" name="Date"/>
</series>
<series id="SABA_CHAN20260810_C3_S2">
<label>As a share of total loans (right scale)</label>
<description>As a share of total loans (right scale)</description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2021-01-01"><v s="SABA_CHAN20260810_C3_S1">14.7</v><v s="SABA_CHAN20260810_C3_S2">0.49</v></o>
<o d="2022-01-01"><v s="SABA_CHAN20260810_C3_S1">22.3</v><v s="SABA_CHAN20260810_C3_S2">0.67</v></o>
<o d="2023-01-01"><v s="SABA_CHAN20260810_C3_S1">30.0</v><v s="SABA_CHAN20260810_C3_S2">0.81</v></o>
<o d="2024-01-01"><v s="SABA_CHAN20260810_C3_S1">39.9</v><v s="SABA_CHAN20260810_C3_S2">1.01</v></o>
<o d="2025-01-01"><v s="SABA_CHAN20260810_C3_S1">37.8</v><v s="SABA_CHAN20260810_C3_S2">0.88</v></o>
<o d="2026-01-01"><v s="SABA_CHAN20260810_C3_S1">41.9</v><v s="SABA_CHAN20260810_C3_S2">0.96</v></o>
</observations>
</data>