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Stock impact report

Average Canadian debt rose 2.7 per cent in 2019, according to Equifax [Toronto Globe and Mail (Ontario, Canada)]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
Average Canadian debt rose 2.7 per cent in 2019, according to Equifax Credit rating agency Equifax Canada says average consumer debt increased 2.7 per cent to reach $72,950 at the end of 2019 as the pace of non-mortgage debt slowed. Non-mortgage debt – which includes credit cards, loans and lines of credit – edged up one per cent to $23,800, largely due to lower use of lines of credit. Non-mortgage debt increased most in Quebec, rising 2.03 per cent to $19,833, followed by Ontario at 1.91 per cent to $24,406. It decreased 1.46 per cent to $29,076 in Alberta and fell 1.12 per cent to $24,789 in Saskatchewan. In the mortgage market, Equifax Canada said the average new loan reached $289,000 nationally in the fourth quarter of 2019, an increase of 7.2 per cent from the prior year. The average new mortgage in Toronto rose by a record 8.5 per cent to $448,000 while Vancouver mortgages rebounded from two years of decreases to gain 7.4 per cent to $455,000. The national delinquency rate (the Show less Read more
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