Sentences with phrase «canadian households debt»

For Canadian households debt loads rose faster than incomes, which may be a reaction to lower interest rates.

In 2000, Canadian households debts were equivalent to 13 months worth of income.

The ratio of Canadian household debt to disposable income rose to a record 165 percent in the first quarter from 164.7 percent in the previous period.

Another worry, recently highlighted by the International Monetary Fund, is historically high Canadian household debt compared to incomes.

By 30 September 2012, Canadian household debt to personal disposable income reached a record 165 %, up from 137 % as of 30 June 2007, as debt grew faster than personal incomes.

Canadian household debt was 167 per cent of income in the second quarter, a level that the central bank considers a threat to financial stability because a wave of personal bankruptcies and home foreclosures could cripple the banking system.

A 2016 report by the Parliamentary Budget Officer shows that the composition of Canadian household debt has been relatively stable for the past 25 years.

Canadian household debt reached $ 1.41 trillion last December, 2.5 times what it was in 1989, and we're saving less than ever.

OTTAWA — The Canadian household debt compared with income climbed to a record high in the third quarter as borrowing grew faster than incomes.

Last week's bank downgrade by Moody's Investor's Services put a spotlight on the extreme levels of Canadian household debt, which now clock in at nearly 170 % of disposable income.

And McKinsey Global Institute found that the Canadian household debt - to - income ratio was the world's second highest, next to Greece, between 2007 and mid-2014.

According to a CBC News article, a higher interest - rate environment could lead to a significant increase in Canadian household debt financing, as opposed to consumer spending.

However, while the economy may be doing well, Canadian household debt is still at record highs.

In the fall, Canadian household debt reached 165 per cent of disposable income, and all signs point to that number rising in 2016.

Canadian household debt continues to increase and Ontario is no different; and we can't entirely blame the problem on rising house prices and mortgage debt.

Much of the debate around Canada's buoyant housing market has centred on the growing amount of Canadian household debt, and questions about the ability of consumers to handle their overall debt burdens if and when interest rates rise from prolonged lows.

TORONTO — Canadian household debt hit a record high during the third quarter, as it grew at a faster pace than disposable income, according to the latest figures from Statistics Canada.

The high level of Canadian household debt has been cited by the Bank of Canada for years as one of its top concerns.

It also predicted the recent tightening of financing rules for real estate would help slow the continued rise in Canadian household debt.

OTTAWA — Canadian household debt rose to a new record high in the fourth quarter of last year, fuelled in large part by mortgage growth.

Mortgages account for two - thirds of Canadian household debt and are one of the biggest strains to a budget.

In another great chart called «The Great Canadian Debt Binge», shown below, BCA illustrates that Canadian household debt was 55 % percent of GDP in 1990, compared to 61 % in the U.S., perhaps proving that at that time Canadians were more financially prudent.

There is a growing concern among U.S. hedge fund managers regarding the Canadian housing market and Canadian household debt as many expect a U.S. - style meltdown in Canada, similar to what happened in the U.S. in 2007 - 2009.

The semantics of a crappy economy, saving at the gym, interviewing skills, and international concern over Canadian household debt

Canadian household debt has reached record heights and there is a growing need to be more financially self - reliant in retirement as less than a third of workers today are covered by an employer pension plan.

Bank of Canada Governor Mark Carney has issued his third warning on Canadian household debt levels in less than a week, adding Tuesday that borrowing in this country has entered «uncharted territory».

Nora explains that although we collect data about Canadian household debt levels, that data is lacking because

The ratio of Canadian household debt to disposable income... Read more»

As Canadian household debt continues to climb into the trillions and increasingly more consumers begin looking for debt help, Credit Canada CEO, Laurie Campbell discusses how she has been warning consumers about fraudulent debt solution providers for years.

TORONTO, ON - The average Canadian will spend 8 per cent more this holiday season than they did last year, and with Canadian household debt at a record high, many people will be facing significant debt levels come January.

Canadian household debt relative to assets (19 %) and net worth (24 %) is below prior peaks of 20 % and 25 % respectively.

The paper quoted BMO economist, Sal Guatieri saying, «Policy - makers have been worried about Canadian household debt for some time and it appears that for most households they are getting the message and slowing their rate of borrowing, but in Alberta that doesn't appear to be the case.»

Not exact matches

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.

TORONTO, May 1 - The Canadian dollar fell to a four - week low against its U.S. counterpart on Tuesday before paring its decline, as Bank of Canada Governor Stephen Poloz said the outlook for the domestic economy is good despite the overhang of high household debt.

YELLOWKNIFE, Northwest Territories, May 1 - Bank of Canada Governor Stephen Poloz said on Tuesday that the view of the Canadian economy is quite good despite record levels of household debt, and he was confident the central bank can manage the risk of that debt even as interest rates rise.

«Canadian policy - makers have allowed household debt to rise above the disturbingly high levels reached in the U.S. in 2007, raising the risk of a similar potentially disastrous deleveraging down the road,» Madani wrote.

According to the Canadian Bankers Association, 69 per cent of household debt in Canada is made up of residential mortgage debt, while 18 per cent comes from lines of credit and five per cent is credit card debt.

Mortgages aren't the only debt Canadians are saddled with, however, and the rates on credit cards, car loans, and home equity lines of credit could tick up as well, further increasing a household's overall carrying costs.

The house - price bubble, combined with record levels of household debt, represent the biggest threat facing the Canadian economy; the sooner real - estate markets mellow and Canadians lower their debt burdens, the better.

As everyone knows by now, Canadian households are carrying record debt burdens.

The orthodox view among economists and policy - makers is that excessive household debt poses a serious threat to the Canadian economy.

He devoted a chunk of his maiden speech to challenging the notion that further regulation is needed for credit cards, arguing two - thirds of Canadians pay off their balances every month, meaning they incur no interest at all, and that credit cards account for just 5 % of total household debt.

Subjects touched upon by Poloz during his speech and the ensuing round of questions also included fostering ties with the emerging economies of India, China, and Brazil, and the growth in household debt among Canadians.

But against the backdrop of slow average wage gains and record levels of household debt, she says, «it looks like the average Canadian is about to get into a pretty serious squeeze play.»

In an interview, Tal agrees the data that is made public, such as home sales, starts, prices and household debt is useful, but says is not sufficient for Canadians or policy - makers to make decisions that are fully - informed.

Of course, rock - bottom rates and a strong Canadian dollar, he added, are the opposite of what the Canadian economy needs right now in order to kick its current addiction to household debt and condos and switch to a more sustainable growth model fuelled by exports and business investment.

Late last year, economists at CIBC said rising household debt was to be expected; Canadians «responded rationally to an era of very low interest rates.»

His comments come after the IMF in October said that Canada's high debt levels, and higher - than - average pressure on Canadian households» ability to pay down that debt in the private non-financial sector, leaves its economy more sensitive to tighter financial conditions and weaker economic activity.

With the rate of home ownership now close to 70 %, and with household debt at a record high, much of the financial health of Canadian households is inextricably linked to home values, making it the kind of dominant concern that not only affects household finances, but consumer psychology and confidence.

That's a reference to Canadian households» heavy debt burden, and lower borrowing costs only would encourage more borrowing.