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News Analysis5 min read

Consumer Debt in Canada Hits $2.4 Trillion: A Province-by-Province Breakdown

Canadian consumer debt has reached a staggering $2.4 trillion, and with a median borrower carrying $106,000 in debt at a credit score of just 649, millions of homeowners across the country are feeling the pressure — but some provinces are finding more relief than others.

Aug 7, 2025
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