The total non-performing loans in Canada diminished consistently from 0.57 in 2013 to 0.39 in 2023. The series is expressed in units. From 2020 to 2023, the year-on-year variations showed a decrease, with a -2.33% change from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years stood at -3.63%, indicating a positive trend indicating a continual reduction in non-performing loans.
Future trends to watch for:
• The forecast predicts a further decline to 0.31 by 2028, showing a 16.86% drop.• Economic conditions and lending standards will impact the non-performing loans trajectory.• Monitoring macroeconomic indicators and regulatory changes will be crucial to anticipate shifts in loan performance.
