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Man with smart phone and credit card with online shopping and payment.

The Bank of Canada has concerns about the ability of households to keep paying down their high levels of debt when interest rates continue their rise

Worried Young Couple Lying On Carpet Calculating Their savings, planning future, retirement fund

The latest figure for the household debt ratio shows Canadians’ burdens have remained in record-breaking territory at 170.4%

Office buildings in Toronto’s financial district

Canada’s banks now are holding more capital as a safety buffer than they were 10 years ago

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There’s no way to know if the debt-to-income ratio has climbed too high, analysis says

Worried Young Couple Lying On Carpet Calculating Their savings, planning future, retirement fund

Total household credit market debt amounted to $2.13 trillion

Woman face down on desk, overwhelmed by debt and calculations with calculator

The central bank estimates the economy may be as much as 50% more sensitive to a given rate of interest than it was about a decade ago

Toronto bank towers

The proportion of riskier uninsured mortgages is on the rise, and longer auto loan terms point to greater borrower vulnerability

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Report warns of domestic risk

Adirondack chairs at shore of Lake of Two Rivers, Ontario

From credit card debt to a mortgage, retirees struggle with expenses

  • By: Leah Golob
  • February 21, 2018 February 21, 2018
  • 14:30

The strong performance of Canadian credit card trusts should continue