Canadian debt increased by 2.3 per cent last year says credit agency

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Canadian consumers increased their average debt to $21,428 excluding mortgages last year according to credit agency TransUnion. That means an extra 2.3 per cent of debt was added to credit cards and other loans during 2014, after many spend 2013 paying down debt. The report shows that Calgary and Edmonton consumers were the exception to the rule with their debt declining last year. Read the full story.
  • Neil on 2015-03-19 6:00:43 PM

    That's crazy that Canadians have more credit card debt than Americans.

    This article says that Americans only have $15,000 of credit debt on average.

    I always thought you Canadians had your heads screwed on better than us!

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