Canadians are turning to credit cards for financial stress relief — and debt is on the rise

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https://i.cbc.ca/1.6374508.1646521300!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_460/russia-business.JPG As high inflation rates drive up the cost of essentials, consumers are putting purchases small and large on their credit cards to alleviate some immediate pressures of their expenses. But a new report shows that the practice is driving Canadians into debt, with balance increases outpacing the ability to meet payments.


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