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 ...
Retail Insider1d
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% ...
wealthprofessional.ca2d
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 ...
Credit Card Debt Among Insolvent Debtors Surges 26% in 2024, Signals Broader Economic Stress
The average insolvent debtor's credit card debt surged by 25.9% to $20,398 in 2024, marking the sharpest annual increase since the study began in 2011, according to research conducted by Licensed ...
Yahoo Finance3d
Canadian Consumer Debt Continues to Grow Despite Macroeconomic Relief
Gen Z consumers were the fastest-growing segment, with a 29% increase in credit participation as they diversify their debt beyond credit card debt ... health of the Canadian retail credit market ...