Despite stabilization of macroeconomic conditions, total consumer debt and delinquency rates continue to rise; Gen Z ...

Canada’s consumer debt reached a historic high of $2.5 trillion in the fourth quarter of 2024, marking a significant 4.5% ...

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 ...

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 ...

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 ...

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 ...

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.

Pricey heating bills are a drag. Paying utility bills with certain credit cards can make this winter chore more rewarding.

A new report shows that the average credit card debt of insolvent debtors in 2024 surged to $20,398, a 26% increase year-over ...

Average credit card debt among insolvent debtors reached $20,398 last year, a 25.9% jump relative to the previous year. Those numbers come from an analysis of Ontario clients served by Hoyes, Michalos ...

Islanders are getting a better handle on their debt than other Canadians, according to new data from Statistics Canada.

That could be seen as a negative." How are you dealing with personal debt? Credit card debt is growing among Canadian renters. What are the solutions? In contrast, she said older homeowners in ...