An Equifax Canada report out this week found that close to 1.4 million Canadians missed a credit payment in the second quarter. Photo by Getty Images

Remember those warnings about Canadians falling off the mortgage cliff when the rock-bottom borrowing of the pandemic came up for renewal at much higher rates.

That cliff turned out to be of more of a “curb” as one observer put it , and the people who are struggling the most with debt these days, according to the latest surveys, don’t even have a mortgage.

An Equifax Canada report out this week found that close to 1.4 million Canadians missed a credit payment in the second quarter. That’s actually down a touch since the first quarter, but still 118,000 higher than a year ago.

However, the number of people who missed a payment who do

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