Canada Domestic Credit Growth

Key information about Canada Domestic Credit Growth

• Canada Domestic Credit increased 3.5 % YoY in Oct 2024, compared with an increase of 2.8 % YoY in the previous month
• Canada Domestic Credit Growth YoY data is updated monthly
• It averaged 7.4 %, available from Jan 1970 to Oct 2024
• The data reached an all-time high of 19.6 % in Aug 1981 and a record low of 1.3 % in Jun 2003

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. Domestic Credit is calculated as the sum of Private Non-Financial Corporations and Household sectors. Statistics Canada provides Domestic Credit in local currency. Domestic Credit Growth prior to January 1991 is sourced from the Bank of Canada.


Further information about Canada Domestic Credit Growth

• In the latest reports, Canada Domestic Credit reached 4,745.8 USD bn in Sep 2024
• Money Supply M2 in Canada increased to 1,915.2 USD bn YoY in Sep 2024
• Canada Foreign Exchange Reserves was measured at 94.5 USD bn in Nov 2024
• The Foreign Exchange Reserves equaled 1.9 Months of Import in Oct 2024
• The country's Non Performing Loans Ratio stood at 0.5 % in Jun 2024, compared with the ratio of 0.5 % in the previous quarter
• Household Debt of Canada reached 99.1 % in Sep 2024, accounting for 99.1 % of the country's Nominal GDP

View Canada's Domestic Credit Growth from Jan 1970 to Oct 2024 in the chart:

What was Canada's Domestic Credit Growth in Oct 2024?

Canada Domestic Credit increased 3.5 % YoY in Oct 2024, compared with an increase of 2.8 % YoY in the previous month See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
3.5 Oct 2024	2.8 Sep 2024	1.3 Jun 2003	19.6 Aug 1981	%	monthly	Jan 1970 - Oct 2024

Domestic Credit Growth by Country Comparison

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