Canada’s consumer debt climbed to a record $2.5 trillion in the first quarter, with Gen Z, newcomers and subprime borrowers driving the surge, according to TransUnion’s latest Credit Industry Insights Report.
Gen Z credit use up 30%, as Canada’s consumer debt hits $2.5 trillion
Subscribe to newsletter
Subscribe to receive the latest blog posts to your inbox every week.
By subscribing you agree to with our Privacy Policy.
Related posts
View All
Kelowna, B.C., allowed to opt out of short-term rental rules this summer
The business community is applauding British Columbia's decision to allow the Okanagan city of Kelowna to opt out of rules limiting short-term rentals in time…
Read More
Why trust matters in the broker-lender relationship
Home Trust's Elizabeth Cescon shares why underwriters are well-positioned to foster trust
Read More