Canada's household debt-to-disposable income ratio fell to 173.1% in Q3, dropping for six straight quarters.

Statistics Canada reports that Canada's household debt-to-disposable income ratio dropped to 173.1% in Q3, marking six consecutive quarterly declines. This ratio indicates there was $1.73 of credit market debt for every dollar of household disposable income. Despite a 0.2% rise in debt payments, disposable income grew by 2%, contributing to the decline in the debt ratio.

3 months ago
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