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14 Dec

Canadians Slowing Down On Borrowing Amid Economic Uncertainty

General

Posted by: Bai Jiang

There are signs that Canadian consumers have slowed down their borrowing this year, after peaking in the fourth quarter of 2010.

 

A TransUnion analysis released Thursday found that average consumer debt, excluding mortgages, was $25,594 in the third quarter.

 

That’s about where it has been throughout 2011, although up slightly from where it was in the third quarter of 2010.

 

Click here to read the full article in The Star.