Interest Rate Cuts Begin to Ease Consumer Credit Burden - But Not for Everyone

TORONTO, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Equifax Canada’s latest Market Pulse Consumer Credit Trends Report reveals that while recent interest rate cuts have provided easing of financial pressures for some Canadians, other groups such as newcomers to Canada and consumers that are new to credit continue to face challenges. New to Credit and Newcomers to Canada As delinquency levels start to flatten out for some consumer segments, newcomers or consumers new to credit who have been credit active for 12-36 m ...