Source: TransUnion Canada consumer credit database. (i) A lower CII number compared to the prior period represents a decline in credit health, while a higher number reflects an improvement. The CII number needs to be looked at in relation to the previous period(s) and not in isolation. In March 2023, the CII of 106 represented an improvement in credit health compared to the same month prior year (March 2022) and a slight increase in credit health compared to the prior quarter (December 2022).
Source: TransUnion Canada consumer credit database. (i) A lower CII number compared to the prior period represents a decline in credit health, while a higher number reflects an improvement. The CII number needs to be looked at in relation to the previous period(s) and not in isolation. In March 2023, the CII of 106 represented an improvement in credit health compared to the same month prior year (March 2022) and a slight increase in credit health compared to the prior quarter (December 2022).