Missed payments and financial strain are increasing for many canadians, credit card debt continues to rise

Equifax® canada market pulse — consumer quarterly credit trends report toronto, dec. 06, 2023 (globe newswire) -- total consumer debt in canada stood at $2.4 trillion in q3 2023, an increase of $80.9 billion from the same period last year, according to equifax® canada's latest market pulse consumer credit trends and insights report. despite the impact of high interest rates and a slowing economy, mortgage debt rose by 1.7 per cent compared to the second quarter while non-mortgage debt growth was slightly lower at 1.2 per cent.
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