TransUnion: Subprime Borrowers Help Push Canadian Debt Levels Up 3% – Marketwired (press release)

TORONTO, ON–(Marketwired – May 18, 2016) –  TransUnion’s (NYSE: TRU) latest Canada Industry Insights Report found that the average Canadian’s non-mortgage debt level rose to $21,348 in Q1 2016, up 2.7% from Q1 2015. The increase was particularly visible outside of the oil patch, with Ontario and Quebec seeing the greatest rises. Debt levels rose for most major credit products, with lines of credit being the only outlier, experiencing a 0.54% average balance decline.

Average Consumer Non-Mortgage Debt Levels

		Q1 2015		Q1 2016		YoY Ch… Read the full article at: http://www.marketwired.com/press-release/transunion-subprime-borrowers-help-push-canadian-debt-levels-up-3-nyse-tru-2126048.htm Category: Debt HelpBy Insolvency GuardianMay 18, 2016 Related Posts Vedanta’s Copper Operation In Zambia Taps RMB To Help Raise Debt May 10, 2025 Andrea Pirlo’s son racks up €30k debt in illegal betting scandal which forced legendary Italian midfielder to ‘block’ bank account until teenager became lawful adult May 10, 2025 Can debt forgiveness erase medical debt? May 10, 2025 IMF says Nigeria repays $3.4 billion COVID-19 funding – Reuters May 9, 2025 Student loan repayment: This is the worst time to collect student debt May 9, 2025 Labor has promised fast action to cut student debt, but arts students will have to wait for lower fees May 9, 2025 Go to Top Call Now Button