According to the PayNet Canadian Small Business Lending Index, lending to small and medium business rose in the month of November following the US elections. While Canada has been struggling for the better part of 2015 and 2016 in terms of lending opportunities, the last few months have been positive for America’s biggest trade partner.
The cause for the drop has been the decrease in oil corporate profits along with a stagnant lending industry worldwide. The belief in Canada is that the decrease in regulation will see more opportunities for America’s northern ally. Unfortunately this may not be completely true as along with regulation decreases, an emphasis on America first may prove problematic for any American ally moving forward.
Until policy has been implemented, for now, Canada is expecting a boon from America’s change in direction, which must be seen as a good thing for the nation.