Nov 10, 2016, Last Updated: 1:19 PM ET
The average Canadian now owes $21,686 – and that doesn’t include mortgage.
That’s up from $21,195 in the same quarter last year, according to credit monitoring agency TransUnion.
We’re also getting worse at paying back our dues. “Serious delinquency” rates stood at 2.70%, up from 2.62% a year ago. The rising trends was led by Alberta and Saskatchewan, where the job market has been hit hard by the low price of oil in recent months.
The authors of the report released Thursday are especially concerned that if interest rates go up, even by 1%, as many as …
Go to Source