Canadian Consumer Debt Reaches Record $2.64 Trillion as Financial Realities Differ Across Households

Key findings from TransUnion report:

TORONTO, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Canadian consumer debt hit a record $2.64 trillion in the second quarter of 2026 as debt levels grew faster than the number of Canadians using credit, as existing borrowers carried larger balances than a year earlier, according to TransUnion's Q2 2026 Credit Industry Insights Report (CIIR). Total outstanding balances grew $116.7 billion (+4.6%) year-over-year (YoY), while the number of Canadians with access to credit expanded more modestly to 32.5 million, a 1.1% YoY increase.