Equifax® canada report reveals increased financial strain as credit delinquencies continue to rise

Ontario & british columbia lead rise in missed mortgage payments equifax canada market pulse — q4 2023 quarterly consumer credit trends report toronto, march 05, 2024 (globe newswire) -- according to equifax® canada's latest market pulse consumer credit trends and insights report, economic pressure is more visible as many consumers struggle to make monthly credit payments. delinquency rates for non-mortgage balances that are 90+ days overdue went up from one per cent in q4 2022 to 1.3 per cent in q4 2023, representing a 28.9 per cent increase.
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