Arrears rates remain very low. They are historically low, far lower than you see in the U.S. Canadians are historically very creditworthy borrowers, and they remain so.
On May 9th, 2018. See this statement in context.
On May 9th, 2018. See this statement in context.
Vice-President, Finance, Risk and Prudential Policy, Canadian Bankers Association
Arrears rates remain very low. They are historically low, far lower than you see in the U.S. Canadians are historically very creditworthy borrowers, and they remain so.
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