The report by the credit rating agency said increases in new lending and higher spending linked to inflation helped boost non-mortgage debt to $591.4 billion, up 5.2 per cent from a year ago.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
Oakes said the impact on consumer credit is not just visible in day-to-day credit-card spending, but also in other non-mortgage debt such as auto loans and lines of credit, where balances are on the rise.FP Answers: Personal Finance:
Source: Loan Digest (loandigest.net)
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Total consumer debt rose to $2.32-trillion in second quarter, up 8.2% from year ago: Equifax CanadaThe report by the credit rating agency says increases in new lending and higher spending linked to inflation helped boost non-mortgage debt to $591.4-billion, up 5.2% from a year ago globebusiness hmmmm, growing debt bill while interest rates are moving higher, and quickly. In addition our largest economic cog is in recession, what could possibly go wrong. Kind of in line with inflation, as if people weren’t living paycheque to paycheque before now they’re borrowing just to get by, this won’t work well as interest rates continue to rise.
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Equifax says total consumer debt $2.32 trillion in Q2, up 8.2 per cent from year agoEquifax Canada says total consumer debt rose to $2.32 trillion in the second quarter, up 8.2 per cent compared with the same quarter last year. Poll: Should interest be banned in Canada? I wonder if they'll out us in work camps once they make it impossible for us to pay our debts. coincidentally it's about the same as the inflation rate this year you forgot to add that it's brought to you by Lib Gov via sanctions on fertilizers, gas tax, killing tourism to Canada, killing farming and oil, invests in meaningless EV agenda, and doing f**k all at all times
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Equifax says total consumer debt rises to $2.32 trillion in second quarterEquifax Canada says total consumer debt rose to $2.32 trillion in the second quarter, up 8.2% compared with the same quarter last year. Bill Gates is now breeding 30 million bacteria-infected mosquitoes per week in a factory in Colombia and he is threatening to “scale and deliver” the mosquitos to “communities around the world.”
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Equifax says total consumer debt rose 8.2% to $2.32T in Q2 - BNN BloombergEquifax Canada says total consumer debt rose to $2.32 trillion in the second quarter, up 8.2 per cent compared with the same quarter last year. Somebody made money. PM blackface did very well. meh 📈
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Equifax says total consumer debt rises to $2.32 trillion in second quarterEquifax Canada says total consumer debt rose to $2.32 trillion in the second quarter, up 8.2 per cent compared with the same quarter last year
Source: calgarysun - 🏆 63. / 52 Read more »
Financial Stress Mounts, Credit Card Demand and Debt Rise: EquifaxCanadians are feeling the crunch of sky-high inflation and climbing interestrates. As a glaringly clear sign of the times, creditcard demand and balances continue to increase. credit debt cdnpoli
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