Statistics Canada reports that the household debt-to-income ratio edges down in the second quarter. The measure reflects how much households owe in relation to their income, and StatCan says the ratio falls as income growth outpaces the growth in household debt.
According to the Globe and Mail, households carry about $1.76 in credit market debt for every dollar of household disposable income. City News Toronto similarly describes the change as a modest decline driven by stronger income gains rather than slower borrowing. The available reports focus on the direction and driver of the ratio’s movement but provide limited detail beyond the Q2 timeframe and the overall credit market debt figure.
While the outlets align on the main finding—a decline in Q2—their emphasis differs slightly. City News Toronto highlights the income-over-debt explanation, and the Globe and Mail adds an approximate ratio figure. None of the sources provided dispute the overall trend reported by StatCan for the second quarter.
