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Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. The fourth quarter saw a continuation of what’s been happening for a while now as the impacts of higher interest rates and inflation continue to weigh on …
Read More »More Canadian businesses are missing debt payments, Equifax says – National
By Staff The Canadian Press Posted December 12, 2023 9:59 am Descrease article font size Increase article font size A new report says more Canadian businesses are missing debt payments. The report by Equifax Canada says overall delinquencies for businesses in the third quarter rose 3.4 per cent compared with …
Read More »Credit card debt up 15% in Q4 with younger Canadians feeling pinch: Equifax – National
By Staff The Canadian Press Posted March 9, 2023 8:04 am Descrease article font size Increase article font size Canadian credit card debt soared in the last three months of 2022 amid rising interest rates and stubbornly high inflation with younger Canadians in particular relying on credit to make ends …
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