Key house­hold debt ra­tio creeps higher

Waterloo Region Record - - Business -

OT­TAWA — Sta­tis­tics Canada says the amount house­holds owe, mea­sured as a pro­por­tion of their in­come, rose in the sec­ond quar­ter. The agency says credit mar­ket debt as a pro­por­tion of house­hold dis­pos­able in­come in­creased to 169.1 per cent as growth in debt out­paced in­come. In other words, Cana­di­ans owed $1.69 in credit mar­ket debt for ev­ery dol­lar of house­hold dis­pos­able in­come. The ra­tio was up from 168.3 per cent in the first quar­ter, how­ever it was down from 169.7 per cent in the sec­ond quar­ter last year.

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