Credit cards around the world: Canada
Our ongoing series moves to Canada, where the average adult Canadian has two or more credit cards.
Location: North of the conterminous United States, bordering the North Atlantic Ocean on the east and North Pacific Ocean on the west (map)
Population: 33 million (July 2008)
Internet users: 28 million (June 2008)
Area: 3,855,102 sq. miles (slightly larger than the United States)
GDP: US$1.2 trillion (2007 estimate)
Currency: Canadian dollar (CAD)
Key exports: US$431 billion of motor vehicles and parts, industrial machinery, aircraft, telecommunications equipment; chemicals, plastics, fertilizers; wood pulp
Key imports: US$386 billion of motor vehicles and parts, crude oil, chemicals
- Late payments on cards worsen as balances rise, NY Fed says – Growing card balances are weighing heavier on consumers' budgets, New York Fed report shows, but problems remain low historically ...
- Fed: Card balances rose by $5.1 billion in December – Card balances rose to a new all-time high in December, according to the Federal Reserve ...
- San Antonio tops list of cities with heaviest card debt burden – San Antonio residents would take the longest time to pay off credit card debt relative to income compared to other major U.S. cities, a CreditCards.com analysis found. By contrast, San Francisco and Minneapolis residents would take the shortest ...