Statistics Canada says there was $1.83 in credit market debt for every dollar of household disposable income in the third quarter of 2022.
There was $1.83 in credit market debt for every dollar of household disposable income in the third quarter of 2022, Statistics Canada said Monday, up less than a penny from the second quarter and up from $1.77 a year earlier.As the Canadian national soccer teams head to their respective FIFA World Cups, Derek Van Diest is on the scene to cover all the action. Expect expert insights and analysis in your inbox daily throughout the tournaments, and weekly on Thursdays for the rest of the season.
As the Bank of Canada continued to raise its key policy rate, the cost of borrowing, such as through mortgages or home equity lines of credit, rose as well. Interest payments were up 16.2 per cent, the largest such increase on record, and interest payments as a share of overall debt payments grew to 51.3 per cent from 46.7 per cent in the previous quarter.Article content
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Statistics Canada says household debt-to-income ratio climbed higher in third quarterStatistics Canada says the amount Canadian households owe relative to their income rose in the third quarter.
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Statistics Canada says household debt-to-income ratio climbed higher in third quarterStatistics Canada says the amount Canadian households owe relative to their income rose in the third quarter.
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Statistics Canada says household debt-to-income ratio climbed higher in third quarter - BNN BloombergStatistics Canada says the amount Canadian households owe relative to their income rose in the third quarter.
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Statistics Canada says household debt-to-income ratio climbed higher in third quarterOTTAWA — Statistics Canada says the amount Canadian households owe relative to their income rose in the third quarter. The agency says household credit market debt as a proportion of household disposable income increased to 183.3 per cent on a seasonally adjusted basis in the third quarter compared with 182.6 per cent in the second quarter. In other words, Statistics Canada says there was $1.83 in credit market debt for every dollar of household disposable income in the third quarter of 2022. Th
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