Wednesday, June 1, 2011

Canadian Consumer Debt At 26,000

Canada's Personal Debt Rises
Canadians rang up five per cent more in personal debt in the first three months of 2011 compared with 2010, according to a report released Wednesday. TransUnion, a Chicago-based credit specialist, said the average Canadian had almost $26,000 on his or her credit card, bank lines of credit and other borrowing vehicles — excluding mortgages — during the January-to-March period. That amount represented a jump of more than $1,200 compared to the same three months one year earlier.

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