Q4 2020 credit activity was strong, driven by growth in auto and mortgage lending
Overall delinquency levels remain very low; credit card delinquencies edged up slightly but do not show cause for concern
TORONTO, March 08, 2021 (GLOBE NEWSWIRE) TransUnion today released the findings of its Q4 2020 TransUnion Industry Insights Report, which observed an increase in consumer credit activity. This increase appears driven in part by recent improvements in economic and labor market activity, as well as government relief measures and payment deferral programs supported by lenders. Consumer credit activity picked up in the final quarter of 2020, and while generally still below the prior year balance and origination levels, particularly for unsecured credit products, rose from the lows observed during the early stages of the COVID-19 pandemic. The Canadian credit market remained stable as consumers have been deleveraging and many have improved their risk scores. However, new lockdown res