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