Tag: Credit

Canada

Canadians Hang Onto More Cash, But We’re Still Looking At A Credit Slowdown

October 23, 2018

Canadians held onto more cash, but a credit slowdown is still brewing. Bank of Canada (BoC) numbers show the M1+ saw mild acceleration in August. Don’t let the mild acceleration of broad money growth fool you, it’s actually still pretty bad. The pace of growth is almost half of where it was last year, and is […]

Canada

Equifax: Canadian Households Are Already Having Trouble Dealing With Credit

June 29, 2018

One of the world’s largest credit agencies is noting credit exhaustion at Canadian households. Equifax is seeing a declining number of Canadians paying off the balance on credit cards. Total nothing burger to most, but it’s actually really interesting to credit nerds. Carrying a balance increases the odds of credit delinquencies later down the road. […]