Canadians borrowed more money last year than the year before, with total consumer debt in the last quarter of 2022 rising to $2.37 trillion, a 6.2 percent increase from the same period in 2021, according to a new report by Equifax Canada. Consumers, especially those under 35 years old, increasingly used and relied on credit…
Credit Card Debt up 15%, Total Consumer Credit Debt up to $2.37 Trillion in Q4 of 2022: Equifax Report
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