The Tender For Law

Volume 5

Feb 10, 2014 2:43 PM

T?lis B?auns

�The real pattern that we�ve been observing is that Canadians are taking on more debt, but they can handle it well and are making those monthly payments,�, director of analytics for Equifax. Consumer debt, including mortgages, also continues to rise � up 9.1 per cent to $1.422-trillion from $1.303-trillion a year earlier. Despite the increase in debt, however, the overall delinquency rate � bills due past 90 days � declined to a record low of 1.12 per cent from 1.19 per cent in the same period of 2012. Canadians are paying their bills, that has to be fixed.