Canadians are in the money as wealth rises and household debt falls from record
The ratio of Canadian household debt to disposable income fell from a record in the fourth quarter as Canadian families slow their pace of borrowing. Credit-market debt such as mortgages increased to 163.97% of disposable income, compared with a revised 164.20% in the prior three-month period, Statistics Canada said Friday in Ottawa. Mortgage debt rose 1.1% to $1.1 trillion ($1.0 trillion), compared with an average 1.8% in the past six years.
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Source: Financial Post March 17, 2014