Graph 1: Canadian Credit Industry Indicator
Canadian Consumers Turn to Credit for Liquidity
August 29, 2023 06:00 ET | TransUnion
Demand for credit continues to grow, likely fuelled by consumers seeking additional liquidity in response to high cost of living. Increased debt levels and higher interest rates contributed to higher...
With 27 Million Set to Resume Payments, Many Student Loan Borrowers Already Managing Increased Debt Since Pre-Pandemic
July 19, 2023 07:30 ET | TransUnion
CHICAGO, July 19, 2023 (GLOBE NEWSWIRE) -- The average consumer with a student loan carries about $35K in debt. Many of these consumers have also acquired new credit products over the course of the...
Fed Interest Rate Hike Could Cause 'Payment Shock' for 9 Million+ Consumers, But Majority of Population Would Go Unscathed
September 19, 2016 06:00 ET | TransUnion
CHICAGO, IL--(Marketwired - September 19, 2016) - New research from TransUnion (NYSE: TRU) found that up to 92 million credit-active consumers would experience some type of monthly debt service...
Nearly One Million Canadians May Struggle When Interest Rates Rise
September 13, 2016 05:00 ET | TransUnion
TORONTO, ON--(Marketwired - September 13, 2016) - A new study by TransUnion (NYSE: TRU) found that the large majority of Canadians would not be materially impacted in the near term by an interest...
Près d'un million de Canadiens pourraient éprouver des difficultés en cas de hausse des taux d'intérêts
September 13, 2016 05:00 ET | TransUnion
TORONTO, ON--(Marketwired - 13 septembre 2016) - Une nouvelle étude de TransUnion (NYSE: TRU) est arrivée à la conclusion que la grande majorité des Canadiens ne seraient pas matériellement affectés...