Canadian Consumer Debt Continues to Grow Despite Macroeconomic Relief

Key findings from TransUnion report: Despite stabilization of macroeconomic conditions, total consumer debt and delinquency rates continue to riseGen Z consumers continue to drive credit market activityCredit card balances hit new milestone of $124 billion and delinquency rates rise even as average monthly card spend declines TORONTO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Total consumer debt in Canada hit a historic high of$2.5 trillion as outstanding balances across all credit products grew by 4.5% year-over- ...