Household Debt Ratio Rises to 170.7 Percent, StatsCan Says

Canadian dollar coins, or loonies, are pictured in North Vancouver, B.C., on May 29, 2019. Statistics Canada says Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter. The Canadian Press/Jonathan Hayward

Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said on Friday.

In other words, household debt as a percentage of disposable income rose to 170.7 percent in the third quarter, up from 162.8 percent in the second quarter, the agency said.