‘People are hitting the wall’: Delinquency rate highest since 2012, Canadian report shows

The percentage of Canadians who are three months or more behind on their debt payments has hit the highest since 2012, according to the most recent quarterly data from Equifax Canada.

Canada’s so-called 90+ day delinquency rate on non-mortgage payments climbed to 1.2 per cent in the final three months of 2019, an 11 per cent jump compared with the same period in 2018, Equifax data shows.

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