The consumer is packing it on
In case there was any doubt, Canadians are making good use of their credit. In the month of September, our balances on personal loans, credit cards and lines of credit grew by $3.15 billion....
Tagged: personal loans
Canadian corporate bank loans hit new 39 month low
According to data released by the Bank of Canada, commercial and corporate lending by Canadian Chartered banks has dropped to depths not seen since May 2007. The category is “Business loans to Canadian residents...
Personal credit line balances up 61% since 2007
Is the consumer up to his/her eyeballs in debt? Depends upon whether you are thinking on a gross or net basis. Looking at the corporate loan books of the Canadian banks (see prior post...
Consumer "net debt" not so scary
I read in one of my daily papers that consumer debt is now the big risk to the economic recovery. Although I didn’t know that all of the other risks were now behind us,...
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