Car loans drive Canadian consumer debt to record high $26,768 – The Globe and Mail

Canadian consumer debt hit a record high in the third quarter, driven by loans to purchase new cars.

The average Canadian’s non-mortgage debt reached $26,768 in the third quarter, according to a report released Wednesday by TransUnion – the highest per person debt level since the credit bureau began tracking the data in 2004. It’s the fastest pace of debt accumulation in nearly two years.

via Car loans drive Canadian consumer debt to record high $26,768 – The Globe and Mail.

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