Debt To Income Ratio

• Higher interest rates are punishing low-income Canadians, data shows

  The wealth gap in Canada has been widening amid higher interest rates from the central ban as lower-income households less able to benefit from investment opportunities.

  Money

  Jan 22
  
• Debt to income ratio edges lower – but servicing costs at record highs

  Statistics Canada says the amount Canadians owe relative to their income edged lower in the third quarter, but the cost of servicing that debt relative to income climbed higher.

  Money

  Dec 13, 2023
  
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• Canadians are borrowing less and getting paid more amid higher interest rates

  Growth in disposable income is helping to offset the impact of higher interest rates on household budgets, Statistics Canada says, but economists warn that could change.

  Money

  Sep 13, 2023
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• Canadian households added more debt in the third quarter: Statistics Canada

  There was $1.83 in credit market debt for every dollar of household disposable income in the third quarter of 2022, Statistics Canada says.

  Money

  Dec 12, 2022