Author Topic: Canadian debt-to-income continues to rise  (Read 1084 times)

nereo

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Canadian debt-to-income continues to rise
« on: March 11, 2016, 01:48:10 PM »
Released today from Statistics Canada (story by the CBC):
http://www.cbc.ca/news/business/debt-income-1.3486811

some excerpts:
Quote
The ratio of household debt to disposable income hit a new record in the fourth quarter of last year.

Statistics Canada says the ratio rose to 165.4 per cent in the fourth quarter, up from 164.5 per cent in the third quarter.
...

The total included $573.6 million in consumer credit debt and $1.262 trillion in mortgage debt.

......(big sigh).....