Friday, December 20, 2019

Canadian Credit Card Debt $79 Billion

Canadian Illusion Keeps Growing

This article reveals Canadians growing debt: "Canadian credit card debt reached a new record high, and there’s few signs it’ll stop soon. The outstanding balance of credit card debt reached $79.17 billion in September, up 0.57% from the month before. Compared to the same month last year, this represents a 4.07% increase. It may not seem like much, but it’s an exceptionally fast growing segment of debt in Canada right now."

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