The Globe and Mail reports in its Tuesday edition that Equifax's analysis reveals concerning trends in Canada's consumer credit market, indicating that more borrowers are struggling with monthly debt payments across credit cards and mortgages. The Globe's Erica Alini writes that the report, covering the first quarter of 2025, highlights the financial strain on Canadians amid slow economic growth, rising unemployment and persistent inflation. This issue is prevalent among young people and Ontario residents, where missed payments are increasing. Excluding mortgages, the severe delinquency rate has reached 1.6 per cent. That is its highest level since 2010 when Canada was reeling from the effects of the global financial crisis, said Equifax Canada's Rebecca Oakes. She added: "That is not yet showing signs of levelling off to any degree. So that's where we are particularly concerned." Delinquencies are rising even as Canadians are dialling back their credit card use. Average monthly spending per credit card holder in the first three months of the year was the lowest it has been since March of 2022, according to the report. Consumers are also paying off a smaller share of their monthly credit card bills than they used to.