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COVID-19’s impact on the financial health of Canadian businesses: An initial assessment

Timothy Grieder, Mikael Khan, Juan Ortega and Callie Symmers

No 2021-8, Staff Analytical Notes from Bank of Canada

Abstract: Despite COVID-19 challenges, bold policy measures in Canada have helped businesses manage cash flow pressures and kept insolvency filings low. But the impact of the pandemic has been uneven, and the financial health of some firms may further deteriorate over the next year.

Keywords: Coronavirus disease (COVID-19); Credit and credit aggregates; Financial stability; Firm dynamics; Recent economic and financial developments; Sectoral balance sheet (search for similar items in EconPapers)
JEL-codes: G38 (search for similar items in EconPapers)
Date: 2021-05
New Economics Papers: this item is included in nep-bec, nep-cfn and nep-sbm
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