Consumer debt loads inched lower in the first quarter of 2020 for the first time in more than a decade, Canada's largest credit monitoring firm said Tuesday. Equifax says the average Canadian had $23,386 worth of consumer debt as of the end of March. While the overall picture is one of slowing growth in debt loads, the situation is different across the country and among different demographic groups. By province, people from Alberta had the highest debt loads, at $28,615 on average. But while they owed the most, Albertan debt loads have fallen by 1.72 per cent.

Source: CBC News June 16, 2020 13:20 UTC