Impact of Mortgage Rules and Shifting Demographics Continue to Shape the Canadian Consumer Credit Market

The newly released Q2 2019 TransUnion (TRU) Industry Insights Report shows that overall consumer credit balances continued to grow in the second quarter—up 4.3% compared to the same period a year ago—bringing total outstanding consumer credit to $1.88 trillion. Over the last 12 months, the number of consumers with access to credit also grew, up 1.7% year-on-year (YoY) in Q2 2019.

source https://finance.yahoo.com/news/impact-mortgage-rules-shifting-demographics-100000219.html?.tsrc=rss

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.