Canadian credit market returns to pre-pandemic levels

Toronto, march 01, 2022 (globe newswire) -- transunion today released the findings of its q4 2021 transunion credit industry report (ciir), which showed signs of a return to pre-pandemic activity in the canadian credit market. as part of the ciir, transunion maps consumer credit health with its credit industry indicator (cii), which rose 32 points year-on-year (yoy) to 101.6 during the period, driven by ongoing improvements in credit performance, as well as strong demand and supply of credit. while there has been continued momentum as the economy recovers from the pandemic, the cii has not yet returned to pre-pandemic levels; in december 2019, it was at 105.7. the cii, which transunion launched in july 2021, is a country-specific measure of consumer credit health trends in four categories: demand, supply, consumer behaviour and performance.
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