Statistics Canada reports that Canadian household credit market debt continues to grow faster than household disposable income for the sixth consecutive quarter. In its latest quarterly update, the agency says the seasonally adjusted ratio of household credit market debt to household disposable income increases by 0.9 percentage points in the first quarter of this year, reaching 179.6%. The measure indicates that households collectively carry a level of debt that is higher relative to their available income. The reporting from outlets drawing on the Statistics Canada data describes the situation as ongoing, with the debt-to-income ratio rising across multiple quarters rather than showing a reversal. The figures cited are based on seasonally adjusted results and focus specifically on credit market debt held by households compared with disposable income. Together, the sources convey that the latest quarter does not mark an improvement in the relationship between household indebtedness and income, but instead shows continued divergence between debt and earnings capacity.
Statistics Canada reports household debt surpasses income for sixth straight quarter
Statistics Canada reports that Canadian household credit market debt continues to grow faster than household disposable income for the sixth consecutive quarter. In its latest quarterly update, the ag...
- Statistics Canada reports household credit market debt exceeds household disposable income for the sixth consecutive quarter.
- The seasonally adjusted household debt-to-disposable income ratio rises by 0.9 percentage points.
- The ratio reaches 179.6% in the first quarter.
- The increase is based on Statistics Canada’s quarterly household debt data.
- Reporting summarizes the trend as ongoing, with the ratio increasing across multiple quarters.
OTTAWA — Statistics Canada says the amount Canadian households owe outpaced income for the sixth straight quarter. The agency says the seasonally adjusted ratio of household credit market debt as a proportion of household disposable rose 0.9 percentage points to 179.6 per cent in this first quarter of this year. In other words, there was […]
16 hours agoOTTAWA — Statistics Canada says the amount Canadian households owe outpaced income for the sixth straight quarter. The agency says the seasonally adjusted ratio of household credit market debt as a proportion of household disposable rose 0.
16 hours ago
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