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Keyword: Consumer borrowing and saving

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stressed young couple worries about their finances

Half of respondents in debt said they are stressed about their level of indebtedness

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

Higher interest rates appear to have slowed household borrowings

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

The 1.68-percentage point decline marks the biggest improvement on record

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

Worries about the amount Canadians owe have begun to pull back

white piggy bank with change canadian scattered around

More than a quarter of Canadians surveyed said they would rather leave their money sitting in cash

  • By: IE Staff
  • May 29, 2018 May 29, 2018
  • 15:00
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

Blue infographics documents with 3D graphs and charts of glass

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