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Canadians' Record $2.5 Trillion Debt

This is a Canada news story, published by financialpost, that relates primarily to Donald Trump news.

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serious consumer delinquency rate

financialpost

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Posthaste: Canadians' debt hits new record — and millennials and gen Z are leading the way

financialpost

Summary

Nutrition label

75% Informative

Consumer credit debt in Canada rose to a record $2.5 trillion in the third quarter , up 4.1 per cent from the year before .

About 45 per cent of that debt is held by millennial or gen Z consumers.

Newcomers’ financial stress heightens after arrival in Canada .

Bitcoin came within US$300 of US$100,000 Friday before the rally sparked by Donald Trump ’ election stalled.

VR Score

78

Informative language

77

Neutral language

66

Article tone

formal

Language

English

Language complexity

51

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

17

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