Non-performing loans reached 15.2 CAD bil in 2017 in Canada, according to the National Central Bank. This is 18.3 % less than in the previous year.
Historically, non-performing loans in Canada reached an all time high of 19.7 CAD bil in 2010 and an all time low of 5.18 CAD bil in 2006. When compared to Canada's main peers, non-performing loans in Australia amounted to 26.0 AUD bil, 102 MXN bil in Mexico and 116 USD bil in USA in 2017.
Canada has been ranked 57th within the group of 90 countries we follow in terms of non-performing loans, 18 places behind the position seen 10 years ago.
A non-performing loan is a loan that is in default or close to being in default.