The agency says household credit market debt as a proportion of household disposable income rose to 181.7 per cent on a seasonally adjusted basis in the second quarter, up from 179.7 per cent in the first quarter.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The increase came as households’ disposable income increased 1.0 per cent, but household credit market debt rose 2.1 per cent. Statistics Canada says, on a seasonally adjusted basis, households added $56.3 billion of debt in the second quarter including $48.7 billion in mortgages. The household debt service ratio, measured as total obligated payments of principal and interest on credit market debt as a proportion of household disposable income, was 13.63 per cent in the second quarter compared with 13.34 per cent in the first quarter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadians are falling deeper into debt: Statistics Canada - BNN BloombergNew data from Statistics Canada showed the average Canadian owed $1.82 for every dollar of disposable income. Selling the home before it's value plunges any more.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Statistics Canada says household debt ratio up in second quarterStatistics Canada says the amount Canadians owe relative to their income moved higher in the second quarter as the level of debt grew faster than their earnings. But JT said he borrowed money, that we don't need to This is the “Terrible 20s” This is what happens when you jack up interest rates significantly in a short period of time. Bankruptcies are sure to follow. It’s not unintended.
Source: CP24 - 🏆 30. / 67 Read more »
Statistics Canada says household debt ratio up in second quarterStatistics Canada says the amount Canadians owe relative to their income moved higher in the second quarter as the level of debt grew faster than their earnings. Tic tic tic tic.... 💥 I'm seeing the recession but the escorts aren't lowering their prices. Might have to head to Argentina and $20 gives me the VIP treatment Of course this will be Trudeau's fault as if he controls what people buy or spend money on. If people choose to buy expensive non-essential goods, that is their responsibility, and no one else. As for food, talk to Weston (Sobey's) ,and Patteson (Save-on). This not the gov't.
Source: CTVNews - 🏆 1. / 99 Read more »
Household debt ratio up in second quarter: Statistics CanadaStatistics Canada says the amount Canadians owe relative to their income moved higher in the second quarter.
Source: TheTorontoSun - 🏆 23. / 68 Read more »
Household debt ratio up in second quarter: Statistics CanadaCanadians\u0027 level of debt grew faster than their earnings in the second quarter, according to Statistics Canada. Read more.
Source: financialpost - 🏆 7. / 85 Read more »
Household debt ratio up in second quarter: Statistics CanadaStatistics Canada says the amount Canadians owe relative to their income moved higher in the second quarter.
Source: ottawasuncom - 🏆 4. / 92 Read more »