News Formal

Household Debt as a Proportion of Disposable Income Declines in Canada

  • 📰 PGCitizen
  • ⏱ Reading Time:
  • 7 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Economy News

Statistics Canada,Household Debt,Disposable Income

Statistics Canada reports that household credit market debt as a proportion of disposable income decreased for the third consecutive quarter, reaching 178.7% in Q4. The agency attributes this decline to slower mortgage borrowing. Additionally, household net worth increased by almost 2% to $16.4 trillion, driven by strong performance in financial markets.

Statistics Canada reports that household credit market debt as a proportion of disposable income decreased for the third consecutive quarter, reaching 178.7% in Q4. The agency attributes this decline to slower mortgage borrowing.

Additionally, household net worth increased by almost 2% to $16.4 trillion, driven by strong performance in financial markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 65. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Body Shop Canada parent took revenue, left company $3.3M in debt: court docsThe head of The Body Shop Canada Ltd. says it's seeking creditor protection because its parent company stripped its Canadian arm of cash and pushed it into debt.
Source: CTVNationalNews - 🏆 82. / 51 Read more »

Labour market gains 41K jobs in Canada, supports Bank of Canada holding rates for longerStatistics Canada said February's increase in the labour market was driven by a rise in full-time work.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »