Canadian Credit Market Set to Grow in 2025 Amid Expected Lower Cost of Living and Interest Rates
November 26, 2024 06:00 ET
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TransUnion
Key findings from TransUnion report: Number of Canadians with access to credit and total outstanding consumer balances reached new records in the third quarter of 2024, mainly driven by Millennial...
Mortgages Account for Nearly Three Quarters of Canadian Debt as Consumers Hold Out for Reduced Interest Rate Relief
August 27, 2024 06:00 ET
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TransUnion
Key findings from the TransUnion® report: Canadian household debt hits a record high $2.41 trillion, with mortgage debt making up 74% of the total outstanding balances. More Canadians face payment...
Canadian Consumer Credit Market Continued to Expand, with Evident Signs of Payment Stress
May 28, 2024 06:00 ET
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TransUnion
Key findings from TransUnion report: Credit participation in Canada continued to rise, led by new-to-country and Generation Z consumers, driving total debt to $2.38 trillion Continued higher cost...
Canadian Consumer Credit Market Reaches a New High, Driven by Credit Demand from New-to-Credit Canada Consumers
February 27, 2024 08:00 ET
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TransUnion
Key findings from TransUnion report: Consumer credit-active population growth is primarily driven by New-to-Credit consumers, with those being New-to-Canada driving the trend. Canada’s credit market...
Enrollments for Self-Credit Monitoring Increase as Canadians Seek New Credit and Look to Manage Debt, Reveals New TransUnion Study
January 31, 2024 08:01 ET
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TransUnion
Nearly half (42%) of surveyed Canadians monitor their credit report to help obtain new credit and 45% look to better manage debt. Underserved and new-to-credit consumers benefit from greater credit...
Canadian Credit Market Reaches Record High Participation
December 05, 2023 06:00 ET
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TransUnion
Total Canadian credit active consumers holding at least one credit product at an all time high of 31.2 million.While average credit card balance per consumer rose due to higher cost of living, the...
Canadian Consumers Turn to Credit for Liquidity
August 29, 2023 06:00 ET
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TransUnion
Demand for credit continues to grow, likely fuelled by consumers seeking additional liquidity in response to high cost of living. Increased debt levels and higher interest rates contributed to higher...
Strong Borrowing Activity and Participation Continues in the Canadian Credit Market
May 31, 2023 06:00 ET
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TransUnion
Continued strong balance growth in Canada’s credit market during the first quarter of 2023, despite concerns of a looming recessionCanadian consumers demonstrate healthy credit performance and...
More than Half (55%) of Canadians Surveyed Say Their Incomes Aren’t Keeping Up With Inflation
October 12, 2022 06:00 ET
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TransUnion
Q3 2022 TransUnion Canada Consumer Pulse study key findings: 54% reported reducing discretionary spending over the last three months. 61% said their household income remained unchanged over the...
U.S. Consumer Credit Market Poised for More Growth in 2019
December 12, 2018 06:00 ET
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TransUnion
CHICAGO, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Low unemployment rates and continued positive growth in both GDP and real disposable income are among the key drivers that will propel the U.S. consumer...