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 (globe newswire) -- credit demand remained high in the first quarter of this year while the mortgage market experienced a notable slowdown, according to equifax® canada's most recent market pulse consumer credit trends and insights report. despite the slow mortgage market, the total consumer debt remained substantial at $2.37 trillion, representing a 4.9 per cent increase from the same period in the previous year.
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