Statistics Canada Says Canadian Household Debt Relative to Income Down in Q1

Canadian dollars are pictured in Vancouver on Sept. 22, 2011. The Canadian Press/Jonathan Hayward

Statistics Canada says the amount Canadians owe relative to their income in the first quarter edged lower compared with the fourth quarter of 2023 as growth in household disposable income outpaced the growth in debt.

The agency says household credit market debt as a proportion of household disposable income was 176.4 percent in the first three months of the year on a seasonally adjusted basis.