Highlights / household debt

Economy, Society

Canadians owe $1.77 for every dollar they have to spend: Statistics Canada

Even as Canadians became more frugal with their borrowing amid the economic slowdown due to the COVID-19 pandemic, the decline in household disposable income in the first quarter led to an increase in the overall household debt ratio, according to »

Economy

Central bank concerned over household debt and housing market

Canadians continue to pile up more debt and the housing markets in Toronto and Vancouver continue their dramatic rise despite government efforts to try and cool them, the Bank of Canada said today in its Financial System Review (FSR). Nevertheless, Canada’s financial system »

Economy, Society

Canadians’ record household debt-to-income ratio, marginally lower

The government data agency Statistics Canada reported Thursday (June 20) that Canadians’ household debt to income ratio had lowered for the second consecutive quarter. In a financial note on its website Canada’s largest bank RBC calls the change “a second »