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Households owed $1.79 for every dollar of disposable income in Q4: Statistics Canada.
In Q4, Statistics Canada reported that households owed $1.79 for every dollar of disposable income, with household credit market debt as a proportion of disposable income decreasing for the third consecutive quarter to 178.7%.
This drop was due to slower growth in mortgage borrowing during the period.
The total household net worth increased by almost 2% to $16.4 trillion, driven primarily by financial market strength.
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Los hogares debían 1,79 dólares por cada dólar de renta disponible en el cuarto trimestre: Statistics Canada.