Canadian debt increased by 2.3 per cent last year says credit agency

Canadian consumers increased their average debt to $21,428 excluding mortgages last year according to credit agency TransUnion. That means an extra 2.3 per cent of debt was added to credit cards and other loans during 2014, after many spend 2013 paying down debt. The report shows that Calgary and Edmonton consumers were the exception to the rule with their debt declining last year.