TORONTO - Equifax Canada says consumer delinquencies climbed higher in the fourth quarter of 2018 and the credit monitoring company warns that rising delinquency rates are likely to become the norm this year. It says the 90-day mortgage delinquency rate rose by 1.5 per cent from the fourth quarter of 2017 to 0.18 per cent at the end of last year. Equifax Canada says consumer delinquencies climbed higher in the fourth quarter of 2018 and warned that rising delinquency rates are likely to become the norm this year. The agency says the 90-day mortgage delinquency rate rose by 1.5 per cent to 0.18 per cent. Equifax says total Canadian consumer debt including mortgages increased to nearly $1.91 trillion in the fourth quarter, up from $1.82 trillion in the fourth quarter of 2017.

Source: thestar March 05, 2019 14:37 UTC