It led to the highest level of household debt in relation to income in the world. (conservativehome.blogs.com)
But the central bank has argued that the likelihood of household debt levels becoming a serious problem remains low and the situation is likely to improve once the economy starts to recover. (moneysense.ca)
For Canadian households debt loads rose faster than incomes, which may be a reaction to lower interest rates. (canadianbusiness.com)