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Canadian Consumer Debt Reaches Record $2.64 Trillion as Financial Realities Differ Across Households

Summary

Canadian consumer debt hit a record $2.64 trillion in the second quarter of 2026 as debt levels grew faster than the number of Canadians using credit, as existing borrowers carried larger balances than a year earlier, according to TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR).

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The Toronto Star

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Canadian Consumer Debt Reaches Record $2.64 Trillion as Financial Realities Differ Across Households

Key findings from TransUnion report:

3 hours ago·Toronto, Canada

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The Hamilton Spectator broke the news in Hamilton, Canada 7 hours ago on Tuesday, August 25, 2026.

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Canadian Consumer Debt Reaches Record $2.64 Trillion as Financial Realities Differ Across Households

6 Articles

6 Articles

Canadian Consumer Debt Reaches Record $2.64 Trillion as Financial Realities Differ Across Households

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Canadian Consumer Debt Reaches Record $2.64 Trillion as Financial Realities Differ Across Households

Balances rose across auto loans, lines of credit, personal loans and credit cards as TransUnion said serious delinquency stayed concentrated in higher-risk borrowers.

6 Articles

6 Articles

Canadian Consumer Debt Reaches Record $2.64 Trillion as Financial Realities Differ Across Households

Coverage Details

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Ownership

More stories like this

Fewer Than 30% of Eligible Small Businesses Claim the R&D Tax Credit, K-38 Consulting Reports

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Nearly 80% of Grocery Shoppers Use Digital Tools Before or During a Trip, Intouch Insight Study Finds

Ottawa to announce details of retaliatory tariffs on U.S. today

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U.S. Trade Rep Greer blames Canada for failed tariff talks: ‘They wanted more’

Bias Distribution

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