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Canadian debt climbs to $2.5 trillion, with Gen Z seeing a sharp rise and higher delinquency rates.
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.
Subprime consumers faced higher delinquency rates.
Matt Fabian of TransUnion Canada stresses lenders must reassess risk strategies due to high-risk credit consumers' growing debt.
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La deuda canadiense sube a $2.5 billones, con la Generación Z viendo un fuerte aumento y mayores tasas de delincuencia.