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Credit card debt hit all time high in Q2 as inflation bites: Equifax - National

Equifax Canada says many Canadians are slowing down their credit card spending, but lower-income households are having a harder time curbing spending.

Canadian credit card debt hit all-time high: Equifax

Equifax Canada says credit card balances hit an all-time high of $107.4 billion in the second quarter of 2023, in a sign financial stress continued to build in the face of inflation and rising interest rates.

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