Last month, TD Canada Trust launched a new TD debit card that provides consumers with both debit and credit card functionality, which has been rare in the Canadian banking marketplace.
A staggering 60.1% of Canadians are not comfortable with their current level of debt, according to an independent survey from RateSupermarket.ca, Canada’s largest impartial rate comparison service. Among the 2,929 respondents from across the country, the leading cause of debt concern by far (38.8%) is credit card debt.