Canada’s economy is cooling down after decent second quarter growth, but Trump’s promise of tariffs could squander the nation’s chances at continued growth. Canada’s gross domestic product data shows a dip in growth during the third quarter compared to the strong second quarter, according to TD Economics. The Bank of Canada will meet in mid-December to discuss a possible change to the interest rate.

Deciding when to write off an account as bad debt is one of the most challenging calls that credit managers face.

In October, NACM’s Credit Managers’ Index (CMI) presented a mixed economic picture, with a 0.2-point drop to 52.9 month-over-month, but a 1.5-point gain year-over-year. This level suggests that while the economy remains in expansion, growth is tepid amid notable risks.

A personal guarantee, a legal commitment where an individual pledges to cover the business’s debts if the promise to pay an obligation is broken, has become a significant tool in the credit industry.

With Donald Trump’s victory in the 2024 U.S. presidential election, credit managers are facing a new political landscape that will directly influence the economy and credit risk management.

Nicaragua is dealing with a long period of slow economic growth. From natural disasters, fluctuations in food and oil prices, economic downturns in key trading partners and tighter financial conditions.

For credit managers working in construction, being proactive when it comes to fraud can be hard. With so many different schemes orchestrated to swindle your company out of materials or money, it can be a real nightmare for credit managers to know what to look out for, especially as fraudsters adapt.

The shadows of ineffective leadership loom large, threatening to trap credit leaders in a web of pitfalls that could spell disaster for their teams.