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Average Canadian debt up 2.7 per cent in Q4

1 min to read

TORONTO — Credit rating agency Equifax Canada says average consumer debt increased 2.7 per cent to reach $72,950 at the end of 2019 as the pace of non-mortgage debt slowed.

Non-mortgage debt — which includes credit cards, loans and lines of credit — edged up one per cent to $23,800, largely due to lower use of lines of credit.

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