http://www.calgaryherald.com/touch/b...tml?id=7133043
CALGARY — The average consumer’s total debt in Canada reached an all-time high in the second quarter of this year, according to a report released Thursday by TransUnion.
It found that total debt, excluding mortgage, rose modestly in the quarter by $192 to $26,221.
“Although this continues the trend of inflationary growth seen in the past five quarters, (the second quarter) is still the highest debt level per person seen to-date. The nation has now experienced consecutive quarters of accelerated growth when comparing both quarter over quarter (0.74 per cent) and year over year (2.41 per cent) numbers, possibly marking yet another turning point in the directionality trend for consumer debt,” said the report.
The average consumer debt in Alberta was $33,564, up 1.2 per cent from the previous quarter but down 1.5 per cent from a year ago.