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Boale, Wood and Company

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Canadian Household Debt Continues to Rise

March 16, 2017 by admin

The latest figures from Statistics Canada show Canadian household debt continues to rise.

For every dollar of income, Canadians owe $1.67  in credit market debt.

In its publication The Daily, Stats Can says:

Household credit market debt as a proportion of adjusted household disposable income (excluding pension entitlements) edged up to 167.3% from 166.8% in the third quarter. In other words, there was $1.67 in credit market debt for every dollar of adjusted household disposable income. This income (+1.1%) increased at a slightly slower pace than household credit market debt (+1.2%). Leverage, as measured by the ratio of household debt to assets, was unchanged at 16.7% at the end of the fourth quarter.

You can read the full report here.

Media coverage and analysis of this story:
Vancouver Sun
Global News
CTV News
CBC.ca

 

Articles,  debt,  front,  News

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