According to TransUnion’s Q2 2023 Credit Industry Insights Report, the average credit card balance now stands at $4,000, reflecting a 4.2% increase in Canadian household debt compared to the previous year, totaling an astounding $2.34 trillion for Canadians. Not quite surprisingly, the main driver of this debt surge has been mortgage loan debt, which has … Continue reading As the Cost of Living Continues to Rise, Household Debt Jumps to $2.34 Trillion in Canada