Sentences with phrase «canadian consumer debt levels»

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Debt levels for the average Canadian household are moving down (perhaps we've been taking those warnings from the Bank of Canada to heart), and as a result there's been «modest» growth in consumer spending, said Ferley.

Despite rising debt levels and increasing home prices, Canadians continue to allocate less income toward paying off debt, according to the Canadian Household Financial Health and Consumer Credit Q1 2015 report [paywall] recently published by credit rating agency DBRS.

The record high levels of consumer debt among Canadians has also raised a red flag from Bank of Canada governor Mark Carney and others who have warned that interest rates will rise at some point — raising the cost of borrowing.

TORONTO — A new report says the level of Canadian consumer debt at the end of 2012 — not counting mortgages — was up nearly six per cent from a year earlier.

Canadians have a debt problem — the key measure of a consumer's debt burden now stands at a record level — which is why Finance Minister Jim Flaherty and Mr. Poloz's predecessor Mark Carney urged households for months to put a lid on it.

The Canadian consumer, meanwhile, might be benefiting from somewhat cheaper gasoline, but their spending capacity is stretched thanks to a record high level of household debt.

MS: Consumer debt levels keep rising and people keep warning that Canadians are going to feel the pinch.

RBC released its Canadian Consumer Outlook Index today which reported that despite continuing reports stating the economy is recovering quickly, Canadians are worried about their debt levels and are anxious about their jobs.

Others criticized the B.C. government's timing; offering a financial incentive just as new debt numbers were released, which show how Canadians have reached new levels of consumer debt.

This after both Finance Minister Jim Flaherty and Bank of Canada governor Mark Carney have remarked on the dangerous levels of consumer debt Canadians have taken on.

The top five Canadian banks made $ 40 billion in net profits last year at the same time as Canadians racked up record levels of consumer debt.

The consumer credit rating agency says the level at the end of the third quarter was up 7.4 per cent from $ 1.409 trillion a year ago, with non-mortgage debt held by Canadians now standing at an average of $ 20,891.

Both Governor Carney and Finance Minister Flaherty have expressed concern at the level of consumer debt Canadians have been piling on during the recession.

Given our deep level of indebtedness — hey, our debt - to - income ratio is at a whopping 167 % — Canadian consumers can expect to feel some financial effects following an interest rate hike.

Credit Canada CEO, Laurie Campbell discusses why Canadians should not celebrate a dip in consumer debt levels in the fourth quarter with BNN Anchor of The Close.

Consumer debt is growing; bankruptcies have soared 54.3 per cent over the past year with those in the know saying this would have happened with or without the recession; and, most disturbing, is the fact that debt is becoming a serious problem among young Canadians, with a growing number approaching Credit Canada with levels of student debt and credit card debt that are out of control.

Despite the higher level of household debt, Canadian household finances are stable with consumer bankruptcies down by 1.7 per cent and 90 - day - plus delinquency rate falling by 6.4 per cent year - over-year.