Equifax Canada Report Flags Rising Non-Mortgage Delinquencies as Holiday Card Spending Cools

Reuters02-24 18:45

Equifax Canada Report Flags Rising Non-Mortgage Delinquencies as Holiday Card Spending Cools

Equifax Canada’s Q4 2025 Market Pulse report found Canadian consumer debt rose to $2.65 trillion, with non-mortgage delinquencies edging up to a 1.73% 90+ day rate. The analysis points to a widening split in credit health: older, higher-score consumers remained resilient while younger borrowers—especially ages 26 to 35—saw the highest delinquency rate at 2.55%. Regional results also diverged, with Ontario posting the fastest increase in non-mortgage delinquency and Alberta recording the highest missed-payment rate, while several Atlantic provinces and Quebec improved. Equifax said subdued, inflation-adjusted holiday card spending helped soften the typical January delinquency spike even as credit card balances hit a record $131 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equifax Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602240545PRIMZONEFULLFEED9659888) on February 24, 2026, and is solely responsible for the information contained therein.

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