Nearly 1.4 million Canadians missed a credit payment as household debt climbs past $2 trillion
Nearly 1.4m Canadians missed a credit payment in the second quarter of 2025, underscoring growing financial stress despite early signs of stabilization in credit performance, from Equifax.
“While the overall delinquency rate appears to be leveling off, the underlying story is far more complex.”
Canadians under 36 carried an average non-mortgage debt of $14,304 in Q2, a 2 percent increase from last year. Their 90+ day non-mortgage delinquency rate jumped to 2.35 percent, up 19.7 percent year-over-year.
Edmonton, Fort McMurray, and Calgary all surpassed the provincial average with increases…
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