Debt ratio rises

The debt-to-income ratio is actually 163%, not 152%, StatsCan says.

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  • Apparently the household debt problem in Canada is worse than we thought. Revisions by Statistics Canada Monday show that the debt-to-income ratio is 163%, not the 152% previously reported.
  • TD Waterhouse Discount Brokerage has launched a new online trading platform for investors who trade U.S. stocks. Here’s  more information on the service.
  • New data shows an up-tick in Canada’s housing market in September compared to August but the sales numbers are still down from year ago.
  • Air Canada’s new discount airline was designed to save the company—not travellers— money, suggests Canadian Business.

One comment on “Debt ratio rises

  1. I'm really not shocked about the debt ratio. Students are borrowing too much, adults in the workforce are spending too much on credit, etc. It's a sad thing.

    Reply

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