- Alberta's 90-plus-day delinquency rate on non-mortgage debt is reported at 2.45%, the highest among Canadian provinces, according to Equifax Canada's Market Pulse report for Q2 2026.
- Kathy Catsiliras, VP of analytical consulting with Equifax Canada, stated that many newcomers from Ontario and British Columbia are bringing their existing debt to Alberta.
- Credit Counselling Society has observed an increase in Alberta consumers seeking support for non-mortgage debt, reflecting a national trend.
- Nvidia's stock fell over 2% on Monday, marking its seventh consecutive day of decline ahead of its earnings report scheduled for Wednesday.
- Alberta's delinquency rate has dropped year-over-year, despite leading the country, according to the report.
- Edmonton, Fort McMurray, and Calgary are among the cities with the highest delinquency rates in Alberta, as noted in Equifax's report.
- National consumer debt in Canada rose to $2.68 trillion in Q2 2026, reflecting a more than four percent year-over-year increase.
- Nvidia's trading price was just under $210, marking a drop of nearly 7% over the past week, as the company prepares to report its second-quarter earnings.
- Wall Street analysts remain optimistic about Nvidia, with one analyst setting a target price of $350, indicating a potential 67% increase from its current trading price.
Alberta's non-mortgage delinquency rate has reached 2.45%, the highest in Canada, according to Equifax's Q2 2026 report. This rate is significantly above the national average of 1.76%. Kathy Catsiliras, VP of analytical consulting at Equifax, noted that many newcomers from provinces like Ontario and British Columbia are bringing their existing debt to Alberta, seeking lower living costs and better job opportunities.2
"What’s happening is they’re moving, they’re bringing their financial baggage with them," Catsiliras stated. Despite leading the country, Alberta's delinquency rate has seen a year-over-year decline. Cities like Edmonton, Fort McMurray, and Calgary rank among the highest for this statistic.56
The total consumer debt in Canada has surged to $2.68 trillion, marking a more than 4% increase year-over-year. The Credit Counselling Society has reported a rise in Alberta consumers seeking help with non-mortgage debt, reflecting a national trend. Chan from CCS emphasized that income levels have not kept pace with rising living costs, particularly housing and food.3
In a separate financial landscape, Nvidia's stock has dropped for seven consecutive days, down over 2% on Monday, as investors await its earnings report. The company is facing scrutiny over its pricing strategies and market practices, with analysts still optimistic about its long-term prospects, projecting a target price of $350, a 67% increase from current levels.4
Nvidia's CEO, Jensen Huang, has seen his net worth decrease by $3.8 billion amid the stock's decline, highlighting the volatility in the tech sector.
“Equifax's Kathy Catsiliras says people moving from Ontario and BC bring 'financial baggage' with them, while total Canadian consumer debt hit $2.68 trillion in Q2. The Credit Counselling Society reports rising demand for support, noting income hasn't kept pace with living costs.”
Wealth Professional
