Canadians owe $1.67 for every dollar of disposable income: Statistics Canada

For every $1 that Canadians make, they now have $1.67 in debt according to the latest income to debt ratio released Wednesday by Statistics Canada. Experts warn if we continue to spend beyond our means and if interests rates rise, Canadians could be in store for massive financial pain. Reid Fiest reports.

• Canadians owe $1.67 for every dollar of disposable income: Statistics Canada