Canadians carrying record-high debt in wake of recession
VANCOUVER (NEWS1130) – Canadians are carrying record-high household debt and our incomes aren’t keeping up, a new survey finds. The survey by Canada’s Certified General Accountants says that if...
View ArticleTaxes cost families more than food, clothing, shelter: study
VANCOUVER (NEWS1130) – If your household budget was a pie, who would grab the biggest piece? It wouldn’t be you! A new report from the Fraser Institute finds the average Canadian family gives most of...
View ArticleKey household debt ratio creeps lower in first quarter to 168.0 per cent
OTTAWA – The amount Canadians owe relative to their income crept lower for the second quarter in a row as mortgage borrowing slowed along with a cooler housing market. Statistics Canada said Thursday...
View ArticleCMHC says Canadians debt levels hit record highs at end of last year
TORONTO — Canada Mortgage and Housing Corp. says household debt reached a record high at the end of last year while mortgage activity slowed compared to a year earlier. The federal housing agency says...
View ArticleStatistics Canada says household debt ratio edged lower in second quarter
OTTAWA — Statistics Canada says household income grew slightly faster than debt in the second quarter, resulting in a slightly lower debt-to-income ratio. The agency says credit market debt as a...
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