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Bank of Canada RSS Feedsen2024-03-29T12:13:18+00:00Credit Cards: Disentangling the Dual Use of Borrowing and Spending
https://www.bankofcanada.ca/2015/12/staff-analytical-note-2015-3/
Over the past 15 years, aggregate credit card balances have been increasing, except for a brief spell in the aftermath of the 2007–09 financial crisis. Determining whether the growing balances are due to increased usage of credit cards as a method of payment or whether they reflect increased short-term borrowing is challenging because aggregate balances are snapshots of charges on credit cards before households make their monthly payments.2015-12-14T12:34:51+00:00enCredit Cards: Disentangling the Dual Use of Borrowing and Spending2015-12-14