Credit card balances hit record level in Canada

Q: How long will it take to read this news story?

The story "Credit card balances hit record level in Canada" has 498 words across 23 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Credit card balances hit record level in Canada" was covered 5 days ago by The Star, a news publisher based in Malaysia.

Q: How trustworthy is 'The Star' news outlet?

The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news. The outlet is headquartered in Malaysia and publishes an average of 42 news stories per day. It's most recent story was published 30 minutes ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22291624</li><li>URL: https://beamstart.com/news/credit-card-balances-hit-record-17248978806759</li></ul>

The Star 5d ago

Credit card balances hit record level in Canada - The Star

Quick Summary:

Canadian credit card holders carried over C$4,300 (US$3,200) in balances on average in the second quarter, according to Equifax Canada, marking the highest level since the agency began collecting the data in 2007.

The non-mortgage balance delinquency rate reached 1.4%, surpassing peak pandemic levels in 2020.

Canadian bank earnings on Tuesday also underscored that consumers and businesses have struggled to pay their bills amid the extended period of high interest rates.