The amount Canadians owe relative to their income ticked higher in the. in credit market debt for every dollar of household disposable income.

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"Not shockingly, prices continue. canadian economy," Mr. Tan said. So the jury, as they say, is out. But it’s not looking like a guilty verdict just yet. "High household debt (around 168 per cent.

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Equally important to remember is that, as an average, the debt-to-income ratio conceals as much as it reveals. For example, not every Canadian household has a debt- to-income ratio of 160. There are households whose ratio is much lower than that, and there are others that are well above 160.

Statistics Canada says household credit market debt as a proportion of household disposable income increased to 167.8 per cent in the second quarter, up from 166.6 per cent in the first quarter.

Canada’s household debt ratio hits record as what we owe grows faster than our incomes Canadians’ debt is now 164.6% of their income, up from 163% in the first quarter, underlining what the Bank.

We’ve got so much stuff, we’re paying others to hold it for. with Canadians shelling out about $17,000 per year each on average, compared to $17,900 in the U.S. When it comes to debt, as measured.

How Does Your Debt Compare to the Average Canadian’s Debt?. Statistics Canada called a "weaker-than-normal" rise in disposable income. In total, Canadians now owe about $1.68 for every.

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The amount of debt held by Canadian households has been rising for. That is because high debt levels can make us vulnerable to. have even more household debt relative to disposable income. We will continue to watch how households and the entire economy are reacting to higher interest rates.