Canadian household debt has shot past the sky-high levels that foreshadowed the U.S. housing bust.
But it’s taken a statistical revisions by Statistics Canada to get there.
Canadians’ debt-to-income ratio reached 163.4 per cent in the second quarter, up from 161.7 per cent at the end of last year.
Read it all.
Canadian Household debt surpasses levels foreshadowing U.S. housing bust
Canadian household debt has shot past the sky-high levels that foreshadowed the U.S. housing bust.
But it’s taken a statistical revisions by Statistics Canada to get there.
Canadians’ debt-to-income ratio reached 163.4 per cent in the second quarter, up from 161.7 per cent at the end of last year.
Read it all.