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Latest trends and statistics about Canadian credit card usage

Friday, July 07, 2017

As the economic climate and consumers’ financial habits continue to shift, experts are finding that active credit card accounts are actually declining. But just because individuals are cutting back on the number of cards they are using to make purchases, does not mean they are reducing their credit usage altogether. In fact, despite the trend of obtaining fewer cards, consumers are actually accumulating more debt on the accounts they already have in the process. 

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