Windsor business delinquencies rising faster than national rate

Article content

Despite optimism seen on the near-horizon, Windsor area businesses appear to have been hit harder, on average, than elsewhere in Ontario or Canada, according to new figures.

An Equifax Canada Market Pulse Quarterly Business Trends report released this week shows business delinquencies on credit/loan payments rose at a faster rate in Windsor-Essex than the national and provincial averages in 2023.

Advertisement 2

Article content

Article content

“I didn’t expect us to be higher than the Canadian average,” said Windsor-Essex Regional Chamber of Commerce CEO Rakesh Naidu.

“It’s a sign businesses are struggling.

“This has been a period of pain longer than

Read more