The reliance of Canadians on credit card debt as a predictor of financial stress https://www.bankofcanada.ca/?p=239403 Share of Canadians carrying an outstanding balance on their credit cards (left scale) Among Canadians carrying an outstanding balance on their credit cards, share whose carried balance represents 80% or more of their borrowing limit (right scale) Probability of falling behind on payments on any credit product within the next six months, regardless of credit card patterns Estimated marginal impact of carrying an outstanding credit card balance, all else being equal Non-mortgagors Mortgagors Non-mortgagors Mortgagors Non-mortgagors Mortgagors Non-mortgagors Mortgagors LTV <65% LTV between 65% and 80% LTV >80% 43.6555.3619.9912.90 46.8019.99 42.7454.1821.0813.49 45.8621.08 43.1654.3921.1613.34 46.2721.16 43.2654.2321.0913.35 46.2821.09 43.1954.4021.4213.47 46.3021.42 43.2854.5321.5913.59 46.4121.59 43.4654.6020.7513.17 46.5720.75 44.3055.4619.8912.99 47.4319.89 44.1555.0018.6612.26 47.1518.66 43.5854.6321.1413.18 46.7121.14 43.2654.2721.1213.15 46.3321.12 43.4454.5021.2713.24 46.3721.27 43.4354.5221.4513.40 46.4321.45 43.4054.3421.3313.37 46.4221.33 43.2654.0121.3713.30 46.2721.37 43.4654.2121.6613.46 46.4721.66 43.3254.0921.7913.54 46.3421.79 43.0953.9321.9413.53 46.1221.94 43.1054.0022.2313.62 46.1522.23 43.0654.0121.5913.27 46.1521.59 43.1854.0221.8313.38 46.2121.83 43.2654.1221.7213.35 46.3821.72 43.8654.4321.8313.51 46.8921.83 44.2054.7821.6413.43 47.0421.64 43.9054.4521.5113.32 46.8121.51 43.8254.3521.3313.26 46.7821.33 43.5453.8621.6813.33 46.4421.68 43.8854.1821.6913.38 46.7821.69 43.9254.3521.8313.45 46.8921.83 44.1554.6522.1513.62 47.1222.15 43.7054.3022.4113.67 46.7022.41 43.5054.2022.7713.88 46.5422.77 43.6954.3722.5613.83 46.7322.56 45.1655.7222.8914.21 48.2022.89 45.2055.8022.4013.92 48.2622.40 45.4955.9622.2113.86 48.2722.21 44.9555.3622.2813.82 47.8022.28 44.9255.3922.3614.12 47.8322.36 44.9155.1922.6314.14 47.7722.63 45.8556.0122.8914.30 48.6922.89 45.7156.0323.1014.16 48.6523.10 45.6355.8823.1714.19 48.5223.17 45.4755.7923.1514.15 48.3923.15 45.5255.8223.7514.38 48.4623.75 45.7656.0322.9814.14 48.7022.98 45.6855.7622.8314.02 48.5822.83 45.6655.6322.9114.12 48.5522.91 46.3256.2323.1014.17 48.9923.10 45.2555.2723.1214.10 48.0723.12 43.7253.3022.7914.00 46.4222.79 44.2353.7523.0113.96 46.9123.01 44.8954.6921.1813.36 47.6621.18 43.3652.7820.0112.92 46.0220.01 43.0252.5118.5112.48 45.7018.51 43.3753.1919.6512.94 46.1419.65 43.1252.8819.6412.97 45.8819.64 42.9352.4720.0012.99 45.6420.00 42.2751.4920.0712.89 44.8920.07 42.6451.7320.2312.86 45.2420.23 42.7251.7020.2212.76 45.2820.22 40.1348.5919.9912.65 42.5519.99 39.7047.6919.3312.30 41.9919.33 42.3650.5620.3512.55 44.7120.35 43.4651.7220.2912.46 45.8320.29 42.5650.5520.1312.30 44.8520.13 42.1850.2919.9412.05 44.5119.94 42.2950.6320.8312.23 44.7020.83 42.8251.1419.5911.59 45.2319.59 42.8451.0719.3011.55 45.2219.30 42.3150.4820.2812.03 44.6720.28 43.3551.6520.7412.20 45.7520.74 43.3251.8020.4111.84 45.7720.41 40.9748.9420.7111.98 43.1820.71 41.7449.7920.7711.95 44.0120.77 43.2351.1020.5111.59 45.4620.51 43.3550.8621.3012.02 45.5121.30 43.0150.6521.7012.18 45.2821.70 43.1350.8122.0412.30 45.3422.04 42.7750.4722.0112.16 44.9922.01 42.8450.6922.3612.35 45.1022.36 42.8850.7822.1912.37 45.1522.19 42.9450.9421.8212.21 45.2221.82 43.5051.6221.4012.17 45.8521.40 43.2151.3821.8912.44 45.4921.89 42.5550.8421.8412.42 44.8221.84 42.7451.1921.9512.54 45.0721.95 43.2451.6022.0412.45 45.5722.04 43.7852.2022.0912.68 46.1522.09 43.7752.3922.6412.92 46.2522.64 43.5952.3223.3413.32 46.0523.34 43.4752.3522.7613.06 45.9622.76 43.6052.4422.7813.04 46.0722.78 43.8752.5822.7813.27 46.2722.78 44.0352.7122.6213.28 46.4222.62 44.1652.8622.4813.22 46.5622.48 44.2052.9222.6113.39 46.5822.61 43.8152.6422.6713.47 46.1622.67 43.7552.6422.9913.70 46.1322.99 1.33 1.335.33 1.72 1.722.70 1.331.72 4.423.39 9.283.87 10.044.24 10.284.66 10.465.14 10.355.67 1.331.72 3.133.39 4.123.87 4.974.24 5.884.66 6.175.14 7.345.67 8.326.35 9.237.10 11.078.09 14.4010.35 3.724.244.24 3.944.014.12 3.723.903.99 3.583.804.00 3.303.863.71 3.253.273.67 2.933.273.29 2.793.163.23