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...
Auto Loan Delinquencies on the Rise, But Consumers Continue to Place Great Value on Such Loans
October 17, 2022 08:30 ET
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TransUnion
CHICAGO, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Lower inventories, higher prices and reduced demand, among other factors, are central to some of the changing dynamics in the auto finance market,...
MNP Consumer Debt Index: Nearly half of Canadians doubtful they can cover living expenses this year without going into further debt, highest level in three years
July 19, 2021 06:39 ET
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MNP Ltd.
Three in ten (30%) say the pandemic worsened their debt or created more debt burden for either themselves or their family (35%).One-third (32%) of Canadian homeowners report being ‘house poor.’Number...
Providing Additional Liquidity to Some Delinquent Borrowers Can Actually be a Win-Win
May 08, 2019 08:00 ET
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TransUnion
CHICAGO, May 08, 2019 (GLOBE NEWSWIRE) -- Consumers who fall behind on credit payments may find an unexpected lifeline—another loan from their lender. A new TransUnion (NYSE: TRU) study found that,...
Canadian Consumer Credit Market Finishes 2018 Strong, Though Some Areas of Softness Emerge
February 20, 2019 06:00 ET
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TransUnion
TORONTO, Feb. 20, 2019 (GLOBE NEWSWIRE) -- TransUnion’s (NYSE: TRU) latest Canada Industry Insights Report found that, while the consumer credit market ended 2018 on generally solid ground, some...
Healthy Canadian Consumer Credit Market Forecast to Continue in 2019
December 13, 2018 06:01 ET
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TransUnion
TORONTO, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Despite a potential slowdown in the Canadian economy over the next year, the Canadian consumer credit market is expected to see continued growth in...
Lenders Extending More Loans to Subprime Consumers as Credit Market Continues to Exhibit Signs of Strength
November 15, 2018 06:00 ET
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TransUnion
Q3 2018 TransUnion Industry Insights Report features latest consumer credit trends CHICAGO, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Auto loans, credit cards and personal loans all saw year-over-year...
Les Canadiens souscrivent à de moins en moins de cartes de crédit, mais empruntent de plus en plus sur leurs cartes existantes.
March 08, 2017 06:00 ET
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TransUnion
TORONTO, ON--(Marketwired - 8 mars 2017) - Le nombre de cartes de crédit souscrites et utilisées par les Canadiens a baissé de plus de 800 000 unités au cours de l'année 2016, selon le rapport sur...
Canadians Opening and Using Fewer Credit Cards, but Borrowing More on Existing Cards
March 08, 2017 06:00 ET
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TransUnion
TORONTO, ON--(Marketwired - March 08, 2017) - The number of open and active credit cards in use by Canadians declined by over 800,000 during the course of 2016, according to TransUnion's (NYSE: TRU)...
Canadian Debt Levels Increase in Q3 and are Expected to Keep Rising
November 10, 2016 06:00 ET
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TransUnion
TORONTO, ON--(Marketwired - November 10, 2016) - Non-mortgage debt balances rose to $21,686 at the conclusion of the third quarter of 2016, according to TransUnion's (NYSE: TRU) latest Canada...