Household Debt-to-Income Ratio Down in Q2, Debt Service Ratio Up: Statistics Canada
A magnifying glass enlarges the holographic image of Parliament Hill's Peace Tower on a $20 bill issued by the Bank of Canada, shown in a display case at the Bank of Canada Museum in Ottawa, on Sept. 4, 2024. The Canadian Press/Justin Tang
Statistics Canada says the amount Canadians owe relative to their income ticked lower in the second quarter.
The agency says household credit market debt as a proportion of household disposable income fell to 175.5 percent on a seasonally adjusted basis in the second quarter, down from 176.7 percent in the first quarter.
