Canadian consumer debt continues to grow despite macroeconomic relief

Key findings from transunion report: despite stabilization of macroeconomic conditions, total consumer debt and delinquency rates continue to rise gen z consumers continue to drive credit market activity credit card balances hit new milestone of $124 billion and delinquency rates rise even as average monthly card spend declines toronto, feb. 19, 2025 (globe newswire) -- total consumer debt in canada hit a historic high of $2.5 trillion as outstanding balances across all credit products grew by 4.5% year-over-year (yoy) in q4 2024, according to transunion's q4 2024 credit industry insights report (ciir). balances grew due to a combination of increases in both mortgage debt and non-mortgage debt.
TRU Ratings Summary
TRU Quant Ranking