CFLA/PayNet Canadian Equipment Delinquency Index (CEDI)

The CFLA/PayNet Canadian Equipment Delinquency Index (CEDI)  is designed to gauge financial stress and default risk of small and medium sized businesses, providing early warning signals of future insolvency. 


  • Strong indicator of financial stress and economic conditions
  • Reasonable indicator of economic activity
  • Concurrently tied to financial and economic trends

About CEDI

The CFLA/PayNet Canadian Equipment Delinquency Index provides insight to financial services executives, economists, policy makers and regulators in order to understand the stage of the business cycle and to set credit oversight policies.

The index captures the percentage of small and medium sized business loans that are 31-90 days past due or 91-180 days past due on a national level. Calculations are derived from the most recent loan performance for a large sample of commercial and industrial lenders in PayNet’s Canadian database, including both loans and leases for which data is available. 

The index is calculated and published monthly as follows:

  • PRELIMINARY —current month data reflecting most recent small business delinquency performance released
  • REVISED — data for the month preceding Preliminary release
  • FINAL — data for the month preceding Revised release


To learn about the methodology and predictive qualities of the CEDI, please read our White Papers.

Download Canadian Commercial Credit Indices Methodology - White Paper

Download Examining the Canadian Business Delinquency Indices (CBDI) as Indicators of Economic Trends and Financial Stress- White Paper


 Members of the Canadian Finance & Leasing Association can access the Index on the CFLA websiite under Industry Research & Data.

undefinedCFLA/PayNet Canadian Equipment Delinquency Index (CEDI) is particularly useful for five functions of the lending process.