Canadian credit market reaches $2.5 trillion in outstanding balances, with gen z canadians accounting for 10% of credit growth

Key findings from transunion report: new-to-credit canadians led to greater credit participation, accounting for $2.6 billion in new credit balances in q1 2025 subprime consumers are almost twice as likely to go delinquent within 12 months of opening new credit cards, compared to their pre-pandemic cohorts growing concerns around canadian consumers experiencing economic strain toronto, may 28, 2025 (globe newswire) -- the first quarter of 2025 saw mixed outcomes in the canadian credit market, according to transunion's q1 2025 credit industry insights report (ciir). growth was fuelled by increased borrowing from young canadians and newcomers.
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