Canadian credit market surges as economy recovers

Toronto, june 02, 2022 (globe newswire) -- transunion today released the findings of its q1 2022 transunion credit industry insights report (ciir), which showed a surge in credit activity as the economy strengthened. as part of the ciir, transunion maps the consumer credit market health with its credit industry indicator (cii), which rose 22 points year-on-year (yoy) to 105.3 in march 2022, returning to pre-pandemic levels. this rise was driven by improvements across all consumer credit health categories measured by the cii – demand, supply, consumer behaviour and performance – and marks the first time since the pre-pandemic period that all four factors grew in tandem. the cii, which transunion launched in july 2021, is a country-specific measure of consumer credit health trends.
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