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.
Filed under: * Economics, Politics Economy Consumer/consumer spending Housing/Real Estate Market Personal Finance The Banking System/Sector The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- * International News & Commentary Canada
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