Average credit card balance held by Canadians was at a record high of $2,121 by the end of September
TORONTO — A new survey says Canadians are leaning more heavily on credit cards amid persistent inflation and rising interest rates.
Equifax says average non-mortgage debt was $21,188, returning to levels not seen since the first quarter of 2020. More than half of Canadians surveyed said they have a lot of anxiety about their personal debt levels.
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