Cana­dian house­hold debt ra­tio creeps up in sec­ond quar­ter

The Globe and Mail (Prairie Edition) - - REPORT ON BUSINESS -

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.

JENNIFER ROBERTS/ THE GLOBE AND MAIL

Statis­tics Canada says Cana­di­ans owe $1.69 in credit mar­ket debt for ev­ery dol­lar of house­hold dis­pos­able in­come.

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