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flag Canadian debt climbs to $2.5 trillion, with Gen Z seeing a sharp rise and higher delinquency rates.

flag TransUnion's latest report shows total Canadian debt rose 4.7% to $2.5 trillion in the first quarter, driven by young people and newcomers, with Gen Z seeing a 30.6% increase in debt. flag Subprime consumers faced higher delinquency rates. flag Matt Fabian of TransUnion Canada stresses lenders must reassess risk strategies due to high-risk credit consumers' growing debt.

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