Credit Card Debt Canada

• Credit card debt up 15% in Q4 with younger Canadians feeling pinch: Equifax

  Equifax says Canadians' credit card debt increased by more than 15 per cent from the same period a year earlier and totalled more than $100 billion for the first time.

  Economy

  Mar 9, 2023
  
• Canadians at record high credit card debt as inflation remains hot: survey

  Equifax Canada's consumer survey released Tuesday found the average credit card balance held by Canadians was at a record high of $2,121 by the end of September.

  Canada

  Nov 1, 2022
  
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• Two in five Canadians believe they will never be debt-free

  Almost half of respondents to a recent Manulife survey also said their spending was increasing faster than their income.

  Money

  Nov 22, 2019
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• Are indebted Canadians foolhardy or prey?

  Canadians should be responsible for their own debts, but Mike Stafford says Canadian banks and lenders have to share some responsibility, as well.

  Commentary

  Jul 16, 2018
• The average Canadian owes $8,500 in consumer debt, excluding their mortgage: Ipsos poll

  Nearly half of respondents (46 per cent) said they have no consumer debt whatsoever.

  Economy

  Dec 27, 2017
• How the Bank of Canada’s interest rate hike affects your wallet

  Here's how today's rate announcement could affect your mortgages, credit lines, car loan and credit card payments.

  Money

  Jul 12, 2017
• Canadian provinces ranked by average consumer debt: Equifax report

  Survey reveals where Canadians carry the highest and lowest consumer debt loads

  Money

  Jun 22, 2017