Canada household debt ratio posts 2nd drop


 Canada's ratio of household debt to disposable income fell in the first three months of 2014, the second straight quarterly decline from a record on the slowest mortgage borrowing in five years.  Credit-market debt such as mortgages fell to 163.2 percent of disposable income, compared with a revised 163.9 percent in the fourth quarter and a record 164.1 percent in the third quarter of last year, Statistics Canada said today in Ottawa.

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Michael James

Michael James

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CENTURY 21 Explorer Realty Inc., Brokerage*
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