Canadian consumer credit market driven by strong credit activity

Toronto, nov. 29, 2022 (globe newswire) -- transunion today released the findings of its canada q3 2022 credit industry insights report (ciir), which shows that more canadian consumers are utilizing credit. credit participation reached a new record high, with 27.9 million canadians having active credit products with a total outstanding balance of $2.29 trillion. this is a year-over-year (yoy) increase of 7.9%, on a three-year compound annual growth rate of +6.4%.
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