Breakout A: The Impact of Economic Uncertainty on Small Business Risk

What is the current view on the state of Canadian businesses? Join this session to hear the latest trend in Equifax data. We will take a close look at the current sustained uptick in businesses missing credit payments and explore some of the causes of this on-going negative trend. We will discuss the impact of the weakness in consumer spend, CEBA loan repayments, even the impact of regional natural disasters. Finally we’ll discuss whether the Bank of Canada’s gradual lowering of interest rates is likely to provide the economic boost many businesses have been hoping for. This session will provide you with the key insights that can help you develop and manage forward-looking business risk mitigation plans, and understand how best to support your business clients through these difficult circumstances.

Speakers

Sinead Gleason

Sinead Gleason

Director of Commercial Solutions, Equifax

Sinéad Gleason is the Director of Commercial Solutions at Equifax Canada. She brings over 10 years of experience in product innovation and growth, specializing in data insights and credit technology. In her current role, Sinead drives product strategy within the commercial line of business, helping lenders understand market insights through meaningful stories to empower Canada’s businesses.

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Callum Mair

Callum Mair

Senior Manager, Business Banking, TD

Callum has worked in banking for 16 years, during which he's held various leadership roles across Operations, Fraud Management, Credit Risk Management and Business Banking products. In his current capacity, Callum leads the Small Business Banking credit product group that's accountable for P&L management, credit policies and processes and automated credit decision business strategy.

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