Household debt-to-income ratio down in Q2, debt service ratio up: Statistics Canada

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Household debt-to-income ratio down in Q2, debt service ratio up: Statistics Canada
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OTTAWA — Statistics Canada says the amount Canadians owe relative to their income ticked lower in the second quarter. The agency says household credit market debt as a proportion of household disposable income fell to 175.

OTTAWA — Statistics Canada says the amount Canadians owe relative to their income ticked lower in the second quarter.

In other words, there was $1.76 in credit market debt for every dollar of household disposable income in the second quarter.

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