Credit card balances increase in first quarter as mortgage market slows: Equifax Canada

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Credit card balances increase in first quarter as mortgage market slows: Equifax Canada
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Consumers are spending 21.5 per cent more each month on their credit cards compared with pre\u002Dpandemic levels.

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Oakes says the higher cost of living and the influx of new credit customers have driven credit card balances to rise by 14.5 per cent year-over-year.Article content

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