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household debt News
Canadian debt to income ratio reaches new record high
Ottawa - Last quarter, the Canadian household debt ratio to disposable income rose to 165% slightly above the already alarming ratio of 164.7% the previous quarter.
BMO poll: Canadians saving more for luxury than retirement
Veronica Silva Cusi
A new poll reveals that Canadian households are planning to save more of their hard-earned money this year, but not for retirement.
Canada's household debt climbs amid stagnant incomes
Ottawa - Canadian households are drowning in debt. According to a new report released Tuesday, Canada's household debt has reached a record high in part to stagnant income and individuals taking on more debt.
Canada's household debt is $1.5 trillion: CGAAC
The Certified General Acountant's Association of Canada has stated that Canada's household debt has hit $1.5 trillion. What does this mean for Canadian families?
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