TransUnion says as the cost of living rose with high inflation and interest rate hikes, many Canadians turned to credit to alleviate financial pressures
TransUnion says Canadians’ combined outstanding debt hit a new record in the first quarter, reaching $2.32-trillion.
TransUnion says the number of Canadians with access to credit grew 2.9 per cent year over year, led by the number of subprime consumers, which grew 8.3 per cent.
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