HOUSEHOLD CREDIT GROWTH IN CANADA THE SLOWEST IN NEARLY A DECADE: CIBC WORLD MARKETS INC.
TORONTO, Jan. 26 /CNW/ - Canadians are getting the message on cutting debt levels with growth in household credit now rising at its slowest pace since 2001, finds CIBC's latest Household Credit Analysis Report.
Inflation adjusted growth in household credit in the third quarter of 2010 was the slowest in nearly ten years, while the 0.27 per cent increase in credit during November (the latest available data point) was the softest monthly reading in more than 15 years.
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