Thursday, December 15, 2016

$2 TRILLION AND COUNTING

Canadian household debt has cracked the two-trillion-dollar ceiling.
The appetite for bank borrowing remained unabated in the third quarter, setting fresh records for total credit and mortgage borrowing, Statistics Canada reported Wednesday. The widely-followed ratio of household debt to after-tax income rose to another record high of almost 167 percent.
 
 

No comments:

Post a Comment