• Equifax flagged a mixed start to 2026 for Canadian consumer credit, with total debt at $2.66 trillion, up 3.8% year over year.
• Non-mortgage debt fell by more than $487 million in Q1, its first quarterly decline in several quarters, pointing to post-holiday restraint.
• Insolvency volumes rose 18.8% year over year to the highest level since 2009, signaling mounting stress despite improved repayment.
• New credit card originations hit a four-year low; lenders cut average limits 15%-20% for higher-risk borrowers while lifting limits modestly for top scores.
• Mortgage strain stayed concentrated in high-cost markets, with year-over-year mortgage delinquencies up 52% in Ontario, up 36% in British Columbia.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equifax Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605260530PRIMZONEFULLFEED9726266) on May 26, 2026, and is solely responsible for the information contained therein.