Missed Payments and Financial Strain Are Increasing for Many Canadians, Credit Card Debt Continues To Rise
Equifax
Source: financialpost.com
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As the Impact of High Interest Rates Takes Hold, Growth in Consumer Spending Slows and Financial Stress Rises
Equifax® Canada Market Pulse — Consumer Quarterly Credit Trends ReportTORONTO, Sept. 14, 2023 -- Canadian consumer debt reached $2.4 trillion, according to Equifax® Canada’s most recent...
Source: marketscreener.com
Increased Demand for Credit Continues and Delinquency Rates Rise as Some Consumers Struggle with Affordability
Equifax® Canada Market Pulse — Consumer Quarterly Credit Trends Report TORONTO, June 06, 2023 -- Credit demand remained high in the first quarter of this year while the mortgage market... | June 6, 2023
Source: marketscreener.com
Total Consumer Debt Climbs to $2.36 Trillion as Consumers Lean on Credit Cards
Equifax Canada Market Pulse Quarterly Credit Trends ReportTORONTO, Dec. 06, 2022 -- Total consumer debt has climbed to $2.36 trillion, an increase of 7.3 per cent in Q3 2022 compared to last year... | December 6, 2022
Source: marketscreener.com
Financial Stress Mounts, Credit Card Demand and Debt Rise
06.09.2022 - Equifax Canada Market Pulse Quarterly Credit Trends ReportTORONTO, Sept. 06, 2022 (GLOBE NEWSWIRE) - Total consumer debt has climbed to $2.32 Trillion, an increase of 8.2 per cent in Q2 2022 compared to last year according to Equifax Canada’s most ...
Source: wallstreet-online.de
Not Out of the Debt Woods Yet
By Gord Wiebe Mar 4, 2021 7:38 AM Equifax Canada says increased mortgage activity and rising house prices in the fourth quarter of 2020 pushed the overall consumer debt level to $2.07 trillion. That was up 1.5 per cent from the previous quarter and up 4.1 per cent from Q4 2019. Despite the increase in total debt, the average consumer debt (excluding mortgages) dropped again this quarter to $23,043, which is a year-over-year decrease of 3.0 per cent and a decline of 0.8 per cent compared...
Source: 98cool.ca