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Growth in consumer credit – credit cards, personal lines of credit and consumer loans – rebounded slightly in May, 2014, to 2.2 per cent, but is still tracking near the bottom of its 20-year range.
Growth in consumer credit – credit cards, personal lines of credit and consumer loans – rebounded slightly in May, 2014, to 2.2 per cent, but is still tracking near the bottom of its 20-year range.
(Deborah Baic/The Globe and Mail)

Why we should cheer Canada’s new debt surge

Canada’s credit situation has assumed a split personality – the debt loads of consumers and businesses are headed in opposite directions. But as households slow their debt accumulation while businesses ramp up their borrowing, this is a divergence that might suit Canada’s current economic needs just fine.