Quote:
Originally Posted by chemgear
Hmmm, I must have missed this article earlier:
http://www.financialpost.com/Nobody+...099/story.html
TransUnion, one of the two credit rating agencies in Canada, says each Canadian consumer who is actively borrowing had average debt of $25,163 in the third quarter, excluding their mortgage. That's up 4.3% from last year.
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I wonder how much automotive loans play into this... wouldn't shock me to find out that more people bought cars this year.