TORONTO, might 22, 2019 GLOBE NEWSWIRE
The newly released Q1 2019 TransUnion (NYSE: TRU) Industry Insights Report shows that there is proceeded positive development in the Canadian credit market in the 1st quarter of the season. Development had been driven by a growth within the final number of Canadian customers with usage of credit, along with an increase in the quantity they have been borrowing. Notably, delinquency prices stayed broadly flat in comparison to a 12 months ago.
The final number of customers with use of credit expanded 1.3% year-on-year (YoY) to 28.9 million. General customer balances increased at a straight quicker speed, up 4.2% within the exact same duration, with total balances reaching $1.85 trillion in Q1 2019.