Credit card debt stacking up for Albertans amid high inflation, increasing interest rates

A new report suggests Canadian credit card debt soared in the last three months of 2022 amid rising interest rates and high inflation, impacting Albertans. The report from credit-monitoring agency Equifax indicates Canadians' credit card debt has increased by more than 15 per cent from the same period a year earlier, and totalled more than $100 billion for the first time. Overall consumer debt rose in the fourth quarter of 2022, with total debt at $2.37 trillion, up more than six per cent from t