COVID-19’s impact on the financial health of Canadian businesses: An initial assessment https://www.bankofcanada.ca/?p=220700 Bankruptcies Proposals NPL ratio for the non-financial corporate sector Performing loans Impaired loans January 1, 2020 March 23, 2020 (stock market dip) March 22, 2021 2020Q3 (actual) 2021Q4 (simulated) Broad definition Narrow definition Decreased 40% or more Decreased 20% to less than 40% Decreased 1% to less than 20% Stayed the same Increased Not applicable Percent change in industry GDP (February to April 2020) Percent of firms within each industry that received either CEBA, CEWS, or CECRA label_left label_right Interest rate major banks charged on new loans Interest rate major banks charged on existing loans Canada non-financial corporate bond index Loans Debt securities Non-residents Non-financial corporations Financial corporations Government Total non-mortgage loans Corporate Commercial Small business Leverage (debt-to-asset ratio) (left scale) Liquidity (cash-to-debt ratio) (right scale) % Change in aggregate cash holdings over 2020H2, by percentile group 9.693054.52342 9.039093.58306 1.5381333588.390543.73760 1.4625994658.938123.66692 1.75058401610.329004.13160 1.36420294510.000004.61538 1.2234212499.334354.36113 1.11830654010.180114.15035 1.14938358311.895324.52022 1.11225429712.366914.99590 1.65785975012.550945.37897 1.67714109513.807195.96405 1.88836718514.368295.45004 2.19654624214.501265.44845 2.39577279214.392065.37634 3.07100690415.004195.86756 3.77186372915.228435.66836 3.67754145914.323145.93886 4.20470728813.408305.53633 4.34309557713.466555.12598 4.90421698513.775075.75414 407211544.18082891713.169645.65476 4.28443224011.273794.46559 3.88131132012.988934.94465 2.72887225014.285715.90379 364311322.44718743313.400586.05187 2.67691741110.924894.90379 2.57823700012.056305.26316 2.40514212215.548787.37805 323611172.38613996315.531006.99816 2.75051450115.535177.15596 2.71320295116.564047.63547 2.07541503217.592018.04741 318710941.92797846318.384228.90585 1.37842280917.421388.11321 1.33006652217.919088.54207 1.28846335019.146188.53816 311611031.22455815318.494067.66182 1.17842670318.429816.9194921.100000-8.350000-3.47000021.3936912133.93311139 1.19283918520.000008.75421-0.9000002.4500001.87000020.9788704833.67000830 1.18712243620.722568.99796-24.0700003.5100006.15000021.8262574333.88192471 308910181.14277288320.013958.57741-6.280000-2.720000-3.10000022.0013003333.70059055 1.26613620220.393819.21238-14.698-0.8429.5110.396-5.63323.130000-10.580000-9.23000021.1390321734.20904127 1.45664922021.146959.3906810.233-0.06916.538-0.65226.050-13.100000-2.0600002.53000022.0507963033.69741222 1.42394757921.865899.839653.118-0.050-2.255-0.3590.454-0.850000-11.910000-7.17000021.7035423633.51506385 28849651.33763944621.150979.417046.6900.0723.886-0.45510.193-0.850000-8.050000-7.17000020.6115514935.56698542 1.23503411919.112118.201660.909-0.02710.6670.81112.360-16.754540-8.925758-9.46546220.4454401234.84410699 1.10599713219.801227.49235-2.0410.26119.036-0.54216.71421.496590-1.9121546.03052520.9871843735.56269882 0.99486362020.216058.796300.6050.46614.6781.00216.7510.000000-2.4700002.70000021.0803071035.47877744 1.0093558230.702078761 0.5449443870.720863870 27009091.08170161720.205218.050510.3746976370.5495984492.0750.0520.242-0.6691.7009.16000012.9400004.99000021.1317958234.70808739 0.644622863-0.343104033 0.353718340-0.095889829 1.01746215219.047627.142860.6524704980.881535574-3.6690.12624.4567.32828.2416.0500008.6700006.53000021.5941099433.65029527 0.7607752530.108469933 1.076407060-0.251755039 0.99196979619.744207.593921.0132853230.4495388054.1660.05318.6001.48324.30224.7600002.90000018.73000021.2519199933.40788419 0.6219558930.486040219 1.312054274-0.246698277 0.97057444019.951537.350571.125137557-0.3315341684.8510.04414.893-0.49719.29122.9243807.07049418.16595020.6956749733.76149538 1.2307062970.093091218 1.1925253680.086445541 26779030.83637752819.102996.976741.819499555-0.1799673343.2300.48618.6960.81123.2237.7947017.3741236.35859521.9100644734.33762447 -0.658824906-0.502157273 0.210049666-0.251415268 1.01804688619.230777.107020.7241645010.1657145571.464-0.01416.819-1.20417.065-1.0440856.3909921.44893021.5584611431.71158372 0.5108556830.811453827 0.6109215530.756042376 1.05629639120.573367.504220.770794846-0.355095876-2.2270.05423.912-0.98720.7520.883652-4.996542-2.07569121.2153092932.09152762 1.218918687-0.399860802 0.5053282590.029564031 1.03547943924.317419.044370.3458227670.652063665-3.1910.27812.0030.1359.2250.000000-2.220541-4.21081321.7634387433.00083489 3.94.32.9764347830.2540588660.706900665 4.14.32.9733636360.8272768240.275672864 27469341.02209223924.737769.790213.84.22.9789523810.7430127410.453675832-0.9660.3568.941-0.1088.223-12.498580-5.9273351.18812921.5716117533.99018359 3.94.22.8363181821.5422808950.221208373 3.94.32.6548095240.7679156890.234012561 0.93907307425.552619.991162.93.22.9525909094.2916795010.0268502532.4861.61665.264-0.27969.08756.91765025.5730307.56442622.7321117536.11955734 2.53.13.2491428571.5111096670.546845206 2.53.12.861000000-0.8821527201.922350643 1.31022122927.8673811.469532.73.12.546227273-0.7901646451.501016596-0.0080.921-45.34730.744-13.69064.803430-1.707424-16.32490023.8053056137.77722077 2.73.12.3733043480.1771396070.344921456 2.73.12.2332380950.153026503-0.014740497 1.45207456429.1590512.431442.73.12.1840000000.3684775610.3662141927.9330.494-23.6635.088-18.0819.177727-11.560420-36.01320022.7727527639.99955090 2.73.12.279391304 2.63.02.259904762 21086781.32906437926.756769.729732.73.02.141500000-0.737-0.132-1.9118.1536.11021.8099604.34046242.83730022.2899723840.04433891 2.73.02.110333333 2.62.92.261428571 0.0540.668 5.2738651.66579504.850553 5.8638508206.870366210 43.930.212.35.96.61.1-63.255.8Accommodation and food services -22.036.77.4236790.76980325.19820215.525.122.520.017.00.0 27.56642829441 -17.500000000 3.5741.270 5.7426210.65934795.88795717.325.017.019.820.50.3-24.427.3 7.2388227368.272298360 42.226.110.09.811.50.5-55.921.3 -3.44.5 5.53288937954 7.900000000 1.1731.056 5.7680870.84708173.920428-27.440.314.325.718.918.021.71.5 7.3286901828.833969894 28.430.314.817.09.40.1-20.025.0 -31.623.921.826.617.221.712.10.5 -5.01327651726 49.700000000 0.3900.681 5.4427381.56538004.648655 7.0411143569.224893282 22.923.915.120.217.40.5-8.218.3 -29.439.0Retail trade10.4801801.01146906.61330721.719.617.610.729.31.1 0.63768187906 -0.0870.524 2.917480-0.50050532.006045 9.2788137507.571332285 22.323.515.017.320.91.0 -5.112.110.915.715.838.917.41.3 6.94932017852 9.2986710.87675688.120356 10.59986520010.357223100 9.18065091837 9.3641878239.633790160 -14.222.118.128.317.127.29.20.2 4.06515427674 8.2974601.57014105.951425 11.3772186008.079083352 5.17797808201 11.2052101.18452406.274984 9.2608402617.045607729 10.1370478507.485958212 12.50954842016.625477420 13.521.417.127.319.51.1 0.416.46.115.919.034.724.10.2 11.733.418.222.912.81.0