Canadian household debt ratio creeps up in second quarter
the corner from all-time highs,” Ms. Thiaga moorthy wrote in a brief report.
Household debt has been identified as a key vulnerability for the financial system by the Bank of Canada, however the central bank noted earlier this year that the risk has lessened.
On a seasonally adjusted basis, households borrowed $19.6billion in the quarter, down from $22.2-billion in the previous quarter.
Statistics Canada says Canadians owe $1.69 in credit market debt for every dollar of household disposable income.