Household debt in Canada has reached $3 trillion, with Canadians owing $1.76 for each dollar of disposable income they earn, Statistics Canada says.
“By 2024, in August, household debt had reached nearly $3 trillion though the relative debt level slightly decreased to $1.76 for every dollar of disposable income reflecting higher income growth,” StatCan assistant chief statistician Jennifer Withington told the House of Commons Industry Committee on Nov. 7, as first covered by Blacklock’s Reporter.
