Canadians turn to credit cards as many face payment shock: TransUnion report

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Canadians turn to credit cards as many face payment shock: TransUnion report
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TORONTO — A new TransUnion report shows a consistent rise in borrowing among Canadians in the second quarter as they contend with the higher cost of living. While the number of consumers adding to their credit balances rose across the board, the report says the riskiest segment, or subprime borrowers, saw their balances rise by the most at 8.9 per cent year-over-year. The report says higher average credit balances among consumers could be attributed to higher spending habits and elevated interes

Check out the hottest cars owned by your favourite celebrities. The prices will surprise you.TORONTO — Unifor has picked Ford Motor Co. as the lead company of the Detroit Three automakers to hammer out a new contract. The union's national president Lana Payne says bargaining with Ford will serve as a blueprint for workers at General Motors and Stellantis, as the union focuses on securing electric vehicle production investments.

But when we talk about lost wages, we’re really not just talking about the salaries and impacts that people are feeling in Hollywood itself, but were feeling anywhere that filming is talking place across the country and in all the industries and all the small business and all the little side elements that combine to actually make what we consider Hollywood possible." Major companies like Disney , Warner Bros.

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Canadians turn to credit cards as many face payment shock: TransUnion reportCanadians turn to credit cards as many face payment shock: TransUnion reportTORONTO — A new TransUnion report shows a consistent rise in borrowing among Canadians in the second quarter as they contend with the higher cost of living.
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