Webinar

Q4 2023 Credit Industry Insights

Canadian Consumer Credit Market Reaches a New High, Driven by Credit Demand from New-to-Credit Canada Consumers

Sign up to watch our on-demand webinar covering what consumer credit trends revealed in TransUnion’s latest Credit Industry Insights Report (CIIR). Key topics included:

Record credit growth: A new peak of $2.4 trillion in credit balances reflects Q4 2023's market growth — propelled by increased credit participation by Millennials and new Canadians entering the country.
Constricted economy credit strategy: Lenders' stricter underwriting criteria and reduced originations contrast with ongoing credit market expansion.
Durability despite delinquencies: The slight uptick in delinquencies, despite macroeconomic challenges and credit market expansion, underscores Canada's credit ecosystem resilience.

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Q4 2023 Credit Industry Insights

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