Canadian Consumer Credit Archives - Page 2 of 2

Canada

Canadian New Vehicle Sales Print The Second Worst May In Over Two Decades

July 15, 2021

Canadians are suddenly pulling back on their new vehicle buying binge. Statistics Canada (Stat Can) data shows new vehicle sales grew on an annual basis in May. Sadly, it wasn’t because the market was experiencing robust growth. It was due entirely to the base effect of comparing sales to an early pandemic month. Zooming out, […]

Canada

Canadian Credit Card Debt Tops $79 Billion, Interest Rates Hit A Multi-Year High

December 20, 2019

More Canadian consumers are carrying a balance on their credit cards these days. Bank of Canada (BoC) numbers show credit card debt hit a new high in September. The increase in iva debt, is also accompanying a rise in the average, already high, interest rates paid. Canadians Now Owe Over $79 Billion On Credit Cards […]