Canadian Consumer Debt Continues to Grow Despite Macroeconomic Relief
Despite stabilization of macroeconomic conditions, total consumer debt and delinquency rates continue to rise; Gen Z ...
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Canada’s total consumer debt hits record $2.5 Trillion
Canada’s consumer debt reached a historic high of $2.5 trillion in the fourth quarter of 2024, marking a significant 4.5% ...
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Canadian consumer debt continues to grow, health of credit market at four-year low
But the report warns that the health of the Canadian consumer credit market, as measured by TransUnion’s Canada Consumer Credit Index, declined to its lowest level since 2021 (99.8) in the fourth ...
What's Breaking Canadian Consumers?
Driving the surge was a sharp rise in average credit card balances, which increased by 25.9% to $20,398 and accounted for 34% of total unsecured debt. Click to read.