Canadian Consumer Debt Continues to Grow Despite Macroeconomic Relief
Portfolio Pulse from
TransUnion's report reveals that Canadian consumer debt has reached a historic high of $2.5 trillion, with a 4.5% YoY increase in Q4 2024. Despite macroeconomic stabilization, credit card balances and delinquency rates continue to rise, driven by Gen Z consumers.
February 19, 2025 | 11:15 am
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TransUnion's report highlights a significant rise in Canadian consumer debt, reaching $2.5 trillion. This increase, driven by Gen Z, could impact TransUnion's business as it reflects higher credit market activity.
The report from TransUnion indicates a rise in consumer debt and credit market activity, which could lead to increased demand for TransUnion's credit reporting services. This is likely to have a positive short-term impact on TRU's stock price.
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