Household Debt Canada

• 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
  
• Number of highly indebted households on the rise as COVID-19 aid winds down: BoC

  Bank of Canada calculations suggest the share of highly indebted household should this year surpass the pre-pandemic peak recorded in 2019, deputy governor Paul Beaudry said.

  Economy

  Nov 23, 2021
  
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• 30% of Canadians say they’re insolvent, MNP debt survey shows

  Overall, Canadians say they are financially better off, according to a survey by debt consultancy MNP. And yet the highest share of respondents since 2017 say they are insolvent.

  Money

  Jul 19, 2021
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• Canadian households are taking on too much debt, Bank of Canada warns

  The Bank of Canada says its concerns are mounting that households are piling on too much debt and posing what the central bank says is a key vulnerability to the economy.

  Economy

  May 20, 2021
• Household debt rises to 171% of disposable income, still below 2019 high

  Household debt rose as a share of disposable income between July and September compared to the previous three months, Statistics Canada said.

  Money

  Dec 11, 2020
• Canadians racking up debt even as mortgage activity slows, CMHC says

  At the same time, the share of mortgage holders aged 55 and older continues to grow.

  Money

  May 22, 2019
• Canadians today feel worse about their finances than they have in 3 years, poll shows

  Canadians aren't optimistic about their financial situations as they expect the costs of most expenses to mount next year.

  Economy

  Jan 4, 2019
• Canada’s household debt-to-income ratio still near record despite rising rates

  Canadians' failure to reduce debt despite rising borrowing costs is 'concerning,' one debt counsellor warns.

  Money

  Dec 14, 2018
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• Bank of Canada leaves interest rate unchanged at 1.75%

  Bank of Canada leaves its key rate unchanged, as expected, at 1.75 per cent.

  Canada

  Dec 5, 2018
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• Expect bankruptcy rates in Canada to start climbing in 2019, new report warns

  A new study finds that there is a two-year lag between when interest rates start to rise and when bankruptcy volumes increase.

  Money

  Nov 15, 2018