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.
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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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Posted October 15, 2012 at 3:15 pm
Posted October 15, 2012 at 3:15 pm
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