TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

Canadians Take on More Credit Amid Lower Interest Rates as Mortgage Churn Rises and Economic Disparities Deepen

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Transunion
Canadians Take on More Credit Amid Lower Interest Rates as Mortgage Churn Rises and Economic Disparities Deepen

Canadian consumer debt rose 4.1% to $2.6 trillion in Q3 2025, with mortgage balances increasing and borrowers opting for shorter-term fixed mortgages. Regional economic disparities are evident, with rising delinquency rates in Ontario, Alberta, and Quebec, while credit card originations have slowed.

Insights
GOOGL   positive

Included in the author's personal investment portfolio and recommended stock list


TRU   neutral

Reported objective market analysis showing complex credit landscape with both growth and challenges in consumer credit markets