A trillion dollar consumer debt due to a rise in…

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TORONTO (CU)_Despite government financial support received during the pandemic, the global health crisis has changed the debt profile of Canadians, with consumer debt skyrocketing, particularly on the back of rising mortgages. According to the latest figures issued by Equifax, consumers appear to be allocating more money on their homes while spending less on everything else.

The consumer credit reporting agency said on Tuesday (8 June) that the rate of new…

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