Household Debt
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Stock market rally made Canadian households wealthier in Q4, StatCan saysStatistics Canada says households owed $1.79 in credit market debt on average for every dollar of disposable income in the fourth quarter.MoneyMar 13, 2024
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More than half of Canadians $200 away or less from missing bill payments: MNPJust over half of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month amid higher interest rates and inflation.MoneyJul 10, 2023
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Canada has the highest household debt level in G7, housing agency warnsCanada's housing agency says the country has the highest level of household debt in the G7, making its economy vulnerable to a global economic crisis.MoneyMay 23, 2023
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Canadian households added more debt in the third quarter: Statistics CanadaThere was $1.83 in credit market debt for every dollar of household disposable income in the third quarter of 2022, Statistics Canada says.MoneyDec 12, 2022
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High home prices, debt levels could ‘accelerate’ economic downturn, Macklem warnsBank of Canada governor Tiff Macklem said the high amount of debt Canadians have tied up in the housing market is a 'vulnerability' as the economy begins to slow.EconomyNov 10, 2022
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Canadian debt grew faster than earnings in second quarter: Statistics CanadaStatistics Canada says, on a seasonally adjusted basis, households added $56.3 billion of debt in the second quarter including $48.7 billion in mortgages.CanadaSep 12, 2022
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Rising interest rates, high household debt to spur ‘payment shock’ for CanadiansVariable-rate debt is getting more expensive to carry as the Bank of Canadas hikes its benchmark interest rate, which could lead to financial pain for heavily indebted households.MoneySep 7, 2022
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What would you do with $5,000? Here’s what Canadians said amid high inflationMost Canadians are more concerned with saving and paying down debt amid rising interest rates and inflation than buying a big-ticket item, new polling shows.MoneyAug 22, 2022
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52% of Albertans say they’re $200 or less per month away from not paying all bills: MNP'The number of Albertans with virtually no wiggle room in their household budgets has increased significantly in the last three months.'MoneyApr 8, 2021
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Thinking of taking on more debt? How to DIY your own financial stress testNear-zero interest rates mean you can borrow cheaply. Here's how to tell whether you can really afford it.MoneyJan 22, 2021
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