Canadians add 2 per cent to household debt

Canadians add 2 per cent to household debt

Canadians add 2 per cent to household debt A new report from Equifax shows a 2.0 per cent rise in Canada’s household debt in the second quarter. The total reached $1.568 trillion equating to $21,164 per person with a credit file, excluding mortgages. Auto loans were one of the drivers of the growth, up 3.9 per cent in the second quarter; however the overall pace of growth was lower, having been 2.7 per cent in the first quarter of 2015.