Canadian banks have exposure of C$880 million to non-prime lender goeasy
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By Nivedita Balu
Published on April 1, 2026.
Canadian banks have an exposure of nearly C$880 million ($634.33 million) to non-prime consumer lender, goeasy (GSY.TO), according to analysts at TD Cowen. The company, which primarily lends to Canadian consumers with weaker financial profiles, shocked market observers last month when it cut its forecast, cut its dividend and took a charge-off due to weakness in its loanbook. The exposure is estimated to be about C$879 million, with C$177 million of this being a revolving loan for which all the big six banks are involved. Goeasy also has a C$613 million from its Trust I warehouse facility.
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