News & Insights
Equifax Canada Reports Canadian Consumer Debt Increasing but at a Slower Pace
TORONTO, ON (September 15, 2015) – New data from Equifax Canada’s Q2 2015 National Consumer Credit Trends Report suggests Canadians are still adding on debt, but at a slower rate. Total consumer debt is now at $1.568 trillion, driven by the installment loan and auto loan sectors which increased by 8.0% and 3.9% year-over-year, respectively. The average consumer debt is $21,164, which increased by 2.0% versus 2.7% in the previous quarter.Read More...
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