August 25, 2009
For the year ending December 2008, CAD$407,729,739 loss to credit card fraud has been reported in Canada, involving 450,322 Canadian issued cards. This is an average loss of CAD$905.42 per account.
Counterfeit cards is the main culprit in terms of dollar volume with CAD$196,653,970 loss involving 158,503 accounts.
Whereas fraudulent e-commerce, telephone and mail purchases has reported the highest numbers of cases, involving 210,430 accounts with CAD$128,362,477 loss in value… more interesting facts on Canada credit cards fraud statistics can be found here
March 31, 2009
Facts about Canada credit cards based on statistics released by the Bank of Canada.
The total credit card outstanding balances as at December 2007 is CAD$48.505 billion, compares to CAD$53.390 billion as at December 2008. This figures indicate an increase of 10.07% in the 12 months period.
Surprisingly, the outstanding amount is reduced to CAD$51.611 billion as at February 2009, a decreased of 3.33%.
As of Q3 2008, the statistic shows residents in Ontario made up 45.46% of the outstanding credit card balances in Canada.
Click here for interesting statistics on Canadian credit cards including detailed outstanding credit card balances breakdown by province.