Debt
2.23% of indebted Canadian households are behind on payments — the highest since 2015 — and the BoC says credit cards are the biggest warning sign
BoC data shows credit card arrears nearly doubled since 2021, with 1 in 8 borrowers using over 80% of their limit
A 24-year-old's mom told her to never get a credit card — now she's scared of basic money tools despite a 752 credit score
88% of Canadian youth wish they had better financial education. One Reddit post shows what happens when parental fear replaces literacy.
Canadians now owe $134.2 billion in credit card debt — and there are only 5 paydays left before Black Friday spending kicks in
National debt levels are actually improving, but credit card balances and delinquencies are climbing, and the "I'll deal with it in January" plan may not hold up this year
