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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.
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La relación entre la deuda de los hogares de Canadá y los ingresos disponibles cayó al 173,1% en el tercer trimestre, cayendo durante seis trimestres consecutivos.