Statistics Canada says household debt ratio down in Q1 as income grew

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Statistics Canada says household debt ratio down in Q1 as income grew
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Statistics Canada says the amount Canadians owe relative to how much they earn fell in the second quarter as disposable income comfortably outpaced the growth in debt and demand for mortgages fell.

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Statistics Canada says household debt ratio down in Q1 as income grewStatistics Canada says household debt ratio down in Q1 as income grewOTTAWA — Statistics Canada says the amount Canadians owe relative to how much they earn fell in the second quarter as disposable income comfortably outpaced the growth in debt and demand for mortgages fell. The agency says household credit market debt as a proportion of household disposable income, on a seasonally adjusted basis, fell to 180.5 per cent in the second quarter compared with 184.2 per cent in the first quarter of the year. In other words, Statistics Canada says there was $1.81 in cr
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