Debt Over-Load Has Many Struggling
Prince George, BC - The head of a non-profit group that assists people in financially dire straits says he's not surprised by word the Canadian debt level is at an eight-year high...
According to a debt trend report released by the TransUnion credit agency this past week, non-mortgage debt rose for the second consecutive quarter with the average Canadian owing a total of $26,221 in the second quarter on their credit cards, line of credit, instalment loans, and auto loans. Here in BC, we topped the country with an average debt load more than $11-thousand higher at $37,879.
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RBC Downgrades B.C.'s Economic Growth Prediction
"Further downward risks warrant a cautious outlook for the next decade." -RBC Analysts