The total reached $1.568 trillion, equating to $21,164 per person with a credit file, excluding mortgages.
Auto loans were one of the drivers of the growth, up 3.9% in the second quarter. However, the overall pace of growth was lower, having been 2.7% in the first quarter of 2015.
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A new report from Equifax shows a 2% rise in Canada’s household debt in the second quarter.