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canadian consumer debt News

Canadians to increase holiday spending despite OECD debt warnings

The Organisation for Economic Co-operation and Development (OECD warns in a recent report that rising private debt loads in Canada as well as the UK and South Korea pose a risk to further growth. The three lead the world in household debt.

Consumer debt in Canada at eight-year high

Ottawa - Officials have been warning Canadians to cut back on borrowing as consumer debt levels rose but a report issued by TransUnion today (August 23) shows debt is at record levels.

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