Canadian consumer debt hits a record $2.6 trillion | Financial Post

Total consumer debt in Canada rose to a record of over $2.6 trillion in Q2 as more Canadians fell behind on payments. Find out more here

Skip to Content Consumer debt hits record $2.6 trillion as more Canadians fall behind on payments While rising delinquency levels have started to slow, pockets of stress are still evident in some areas Last updated Aug 25, 2026 Although the credit market remained healthy, the data suggest Canadians are experiencing increasingly different financial realities. Photo by Julie Alex K/Getty Images Total consumer debt in Canada rose to a record of over $2.6 trillion in the second quarter as more Canadians fell behind on payments, according to two of the largest consumer credit reporting…

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