Canadian consumer debt is feeling the chill
Equifax, Inc. (EFX)
Last equifax, inc. earnings: 4/20 05:24 pm
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Source: GlobeNewswire
TORONTO, March 05, 2020 (GLOBE NEWSWIRE) -- According to Equifax® Canada’s latest report on Canadian consumer credit, a resurgence in mortgages pushed consumer debt 4.4 per cent higher at the end of 2019 from the same period last year to $1.989 trillion. Homebuyers have adjusted to the 2018 stress test with mortgage debt rising 5.2 per cent to $1.341 trillion. Non-mortgage debt was up only 2.7 per cent in the fourth quarter compared to Q4 2018. “Outside of mortgages, we have seen a significant pull back in demand for credit,” notes Bill Johnston, Vice-President of Data and Analytics at Equifax Canada. “Adjusting for population growth, non-mortgage debt did not even keep pace with inflation in the last half of 2019. That is a significant slowdown from the torrid pace set in Q1.” Average debt per consumer reached $72,950 at the end of 2019, an increase of 2.7 per cent from 2018. Non-mortgage debts, including credit cards, loans and lines of credit, were up a very modest
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EFX
News
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- Employ Announces New Chief Product Officer [Yahoo! Finance]Yahoo! Finance
- Equifax Announces Participation in May Investor Conferences [Yahoo! Finance]Yahoo! Finance
EFX
Earnings
- 4/17/24 - Beat
EFX
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/26/24 - Form 144
- EFX's page on the SEC website