The national delinquency rate on Canadian consumer debt stayed little changed in the fourth quarter, though there were still signs of deterioration, according to the country’s largest credit reporting firm. The national delinquency rate on Canadian consumer debt stayed little changed in the fourth quarter, though there were still signs of deterioration, according to Equifax, the country’s largest credit reporting firm. “The overall delinquency rate was up very marginally, but you’re starting to see it getting a little bit broader,” Johnston said by phone from Toronto. The delinquency rate among seniors is still below the Canadian average, but it’s rising faster than any of the other age demographics, he said. Manitoba posted a 19 per cent increase in 90-day mortgage delinquencies, and Saskatchewan rose 9 per cent.

Source: thestar March 05, 2019 17:26 UTC