Canadian consumer credit market continued to expand, with evident signs of payment stress

Key findings from transunion report: credit participation in canada continued to rise, led by new-to-country and generation z consumers, driving total debt to $2.38 trillion continued higher cost of living and interest rate pressures led to rising consumer-level delinquencies alberta experienced the highest rate of delinquencies (2.21%), quebec saw the lowest rate (1.29%), and ontario displayed the most significant increase (+26 basis points, year-over-year) toronto, may 28, 2024 (globe newswire) -- amid persistent economic challenges marked by high inflation and interest rates, canada's credit market continued to expand during the first quarter of 2024. the transunion credit industry indicator (cii) remained stable year-over-year (yoy) at 106.
TRU Ratings Summary
TRU Quant Ranking