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Alberta’s Debt Crisis Deepens | Edmonton News
Alberta’s residents are drowning in non-mortgage debt faster than anywhere else in Canada, with delinquency rates soaring to 2.45%—double the national average. Driven by migration and the lure of better jobs, newcomers arrive burdened with existing debt, making it harder to catch up. While Alberta’s overall rate dipped from last year, cities like Edmonton, Fort McMurray, and Calgary still lead the pack. Across Canada, total consumer debt hit $2.68 trillion, but credit card delinquencies improved as people tightened their belts. Credit counseling agencies are seeing more clients overwhelmed by…
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