Canadian Debt Hits $3.29 Trillion As Distress Borrowing Surges
Households are on a borrowing spree, but mortgages are no longer the weapon of choice. Statistics Canada (StatCan) data shows household credit hit a new high in July. Mortgages continue to represent the lion’s share of debt, but growth is slowing to one of the weakest levels in a generation. Meanwhile, consumer debt continues to […]
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