For those that think cherry picking one company in a far away land is a more convincing story...
Canadians in oil-producing provinces having more trouble paying debts
Canadians by and large are paying back their loans on time, despite rising debt levels, but the situation isn't as rosy if you live in oil-producing provinces, according to new figures from the Equifax credit monitoring agency.
Equifax Canada says the rate of delinquent loans — payments are overdue by more than 90 days — fell to 1.05 per cent in the third quarter, the lowest rate ever.
But that national figure includes notable regional differences.
In Alberta and Saskatchewan, where tumbling commodity prices have led to widespread layoffs in the oil and gas sector, delinquency rates rose dramatically from the same quarter last year — by 13.4 per cent and 8.5 per cent, respectively.
Canadians in oil-producing provinces having more trouble paying debts - Business - CBC News
Canadians in oil-producing provinces having more trouble paying debts
Canadians by and large are paying back their loans on time, despite rising debt levels, but the situation isn't as rosy if you live in oil-producing provinces, according to new figures from the Equifax credit monitoring agency.
Equifax Canada says the rate of delinquent loans — payments are overdue by more than 90 days — fell to 1.05 per cent in the third quarter, the lowest rate ever.
But that national figure includes notable regional differences.
In Alberta and Saskatchewan, where tumbling commodity prices have led to widespread layoffs in the oil and gas sector, delinquency rates rose dramatically from the same quarter last year — by 13.4 per cent and 8.5 per cent, respectively.
Canadians in oil-producing provinces having more trouble paying debts - Business - CBC News
