🇨🇦Credit card market update (2024 vs 2019):
1. RBC holds the largest market share.
2. TD saw a decline in market share since 2019.
3. CIBC's market share surged, thanks to its Costco partnership.
4. Beyond the big 6 banks, Canadian Tire, President's Choice & Fairstone…
@canuck_rob
TD's HELOC portfolio has experienced significant growth from 2019 to 2024, which may have some impact, but I believe the faster expansion of other banks is the main factor.
@HanifBayat
Is there any data on debt outstanding for more than a month? Ie: indication of whether people are paying credit cards off on time soon or large portion to interest?