Six stories in the news today, Dec. 7
Six stories in the news for Wednesday, Dec. 7
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EQUIFAX: CONSUMER DEBT AND DELINQUENCY RATES RISE IN Q3
A new Equifax Canada report says low interest rates and falling oil prices drove up consumer debt and delinquency rates in the third quarter. The credit reporting agency found that average debt increased by 3.6 per cent to $22,081 in the quarter ended Sept. 30 compared to the same period last year. As of the third quarter, Canadian consumers owed $1.702 trillion compared to $1.587 trillion a year earlier.