Rebecca Oakes

Equifax survey finds one in four Canadians expect to make only minimum credit-card payments

Mario Toneguzzi -
The findings point to growing financial pressure among some households, with 40 per cent of respondents saying they are spending more overall than they were a year ago, compared with 18 per cent who are spending less.

Cautious holiday spending softens typical January credit card delinquency spike: Equifax Canada

Mario Toneguzzi -
Total consumer debt climbed to $2.65 trillion in Q4 2025, a 3.13 per cent increase year-over-year, driven by a $50.26 billion rise in mortgage balances and a 4.50 per cent jump year-over-year in non-mortgage debt.

Number of Canadians missing credit card payments soaring: Equifax

Mario Toneguzzi -
1.45 million consumers in Canada missed a credit payment in Q3, more than 46,000 higher than in Q2.

Equifax Canada: Delinquency levels stabilize in Q2, but financial divide widens among Canadians

Mario Toneguzzi -
In Q2 2025, close to 1.4 million Canadians missed a credit payment — 7,000 fewer than last quarter – but still 118,000 more than a year ago, said Equifax.

1.4 Million consumers missed a credit payment while spending dips to 3-year low: Equifax

Mario Toneguzzi -
Total consumer debt was $2.55T at the end of Q1, up four per cent year-over-year, according to Equifax

Stable versus struggling: Canada’s financial divide widens: Equifax

Mario Toneguzzi -
Total consumer debt in Canada reached $2.56 trillion at the end of 2024, a 4.6 per cent increase over 2023, says Equifax.
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