Sentences with phrase «as household debt»

The possibility of an increase in the prime rate offered by lenders comes as household debt levels sit near record highs.

Why would we expect any different outcome in the United States as the household debt sector (the main sector that rose and drove the U.S. bull market of the 80s and 90s and also continued adding to the debt as the housing market took off from 2003 to 2007) is still in the process of deleveraging since 2007?

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.

YELLOWKNIFE, Northwest Territories, May 1 (Reuters)- Bank of Canada Governor Stephen Poloz said on Tuesday there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that debt.

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 there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that debt.

Here are three off the top of my head: Record levels of household debt threaten future spending, too many of our companies need a weaker currency to be competitive, and international energy companies are giving up on Canada as a place to invest.

Wages are growing only about as fast as inflation, exports could be stronger, and household debt is a major vulnerability.

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.

And as organizations such as the IMF and the OECD have constantly warned, high household debt renders the country far more vulnerable to economic shocks.

• Credit card delinquency rates remain low, at only 0.87 per cent of total outstanding balances as of April 2016, while credit card debt only makes up five per cent of total household debt in Canada.

As a licensed insolvency trustee firm, our practice is on the front lines of Canada's household debt binge and the bad personal finance habits that ensnare so many people.

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.

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

«We continue to see the household sector as accident - prone, with a complacency toward debt which could prove disruptive to the economy,» wrote HSBC Canada's chief economist recently.

Meanwhile, he is seriously worried about the side effects of low rates, repeatedly citing household debt as the biggest domestic risk to Canada.

Yet, as a country, we are probably more vulnerable than we were a decade ago because we failed to take seriously the most important lesson of the crisis: the dangers of housing mania and the perils of household debt.

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.

U.S. consumers continued to pay down debt in the first quarter of 2013 as household wealth rose above its pre-recession peak.

Consumer purchases have been slowing down in recent months as households face higher costs for borrowing, stricter mortgage rules and large debt loads.

By contrast, its GPI performance declined over the same period as the booming province experienced growing wealth disparity, increased household debt, more greenhouse gas emissions and a spike in problem gambling, among other things.

«That should be viewed as a positive development by the (Bank of Canada), though progress on reducing the «key vulnerability» of elevated household debt will likely be very slow,» RBC economist Josh Nye wrote in a research note.

The International Monetary Fund is the latest voice to suggest high household debt will act as a drag on economic growth in the years ahead.

Despite the increase in debt, households continued to get richer in the third quarter as their net worth gained 2.2 per cent on the back of a strong stock market.

The central bank has concerns about the ability of households to keep paying down their high levels of debt when interest rates continue their rise, as is widely expected over the coming months.

For several years, policy - makers have been introducing new regulations, such as restrictions on mortgage credit, to curb the build - up of household debt.

RBC economist Laura Cooper said in a note to clients that the most likely scenario is that as housing moderates, the pace of household debt accumulation will also ease.

On the household - debt - to - disposable - income ratio, some experts see it as just one number out of many and insist that consideration must be given to the composition of the debt, such as how much of it is high risk.

They also fear that at such elevated levels, many Canadian households would be unable to withstand a financial shock such as a loss of income, or a sudden spike in interest rates that raised debt services charges.

Speaking in Montreal on Thursday, central bank governor Stephen Poloz called household debt a major risk to the Canadian economy, suggesting the fear of stoking more borrowing as one reason he has not been even more dovish on interest rate policy.

As prices have kept rising, Canadians have eagerly taken on mortgages, and household debt levels have soared to record levels.

Poloz said there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that debt.

Poloz's approach to now had been a series of gentle nudges; raising housing prices and record household debt as concerns, but at the same time accepting that buyers and their lenders likely knew what they were doing.

Statistics Canada reported the key ratio crept lower as total household credit market debt, which includes consumer credit, mortgage and non-mortgage loans, increased 1.1 per cent in the fourth quarter to $ 2.13 trillion.

«That should be viewed as a positive development by the Bank of Canada, though progress on reducing the «key vulnerability» of elevated household debt will likely be very slow.»

[5] We used consumer - reported data from the Federal Reserve's Survey of Consumer Finances and revolving credit card balance data from Experian as of June 2017 to estimate revolving debt based on household income.

Meanwhile, the total household debt service ratio, measured as total obligated payments of principal and interest as a proportion of household disposable income for both mortgage and non-mortgage debt, remained flat at 13.8 per cent in the fourth quarter.

Statistics Canada said Thursday household credit market debt as a proportion of household disposable income was 170.4 per cent in the fourth quarter.

I am in the bottom right box, in which a cut in the U.S. fiscal deficit will cause no change in the U.S. trade deficit because it will be matched by a decline in household savings as unemployment rises, as consumer debt rises, or both.

At that time, the main data sources on consumer debt consisted of loan - level data sets on specific categories of loans, such as mortgages, as well as aggregated data on household sector debt from the Board of Governors» Flow of Funds statistical release.

The bubbling interest comes as regulators grow increasingly worried about debt levels and the capacity of ordinary households to pay back big loans on expensive houses.

As a result, the household debt - to - income ratio has risen, although if account is taken of the increased balances held in offset accounts the rise is less pronounced (Graph 10).

For example, an important question regarding recent household deleveraging has been to what extent the decline in aggregate household debt was attributable to delinquent debt charge - offs as opposed to active debt paydowns by consumers.

Indeed, the strong growth of investor housing loans has driven the growth in household debt (as a share of disposable incomes) over recent years and contributed to a rise in both housing prices and dwelling construction.

However, in comparison to households that only hold owner - occupier debt, there is evidence that investors tend to accumulate higher savings in the form of other assets (such as paying ahead of schedule on a loan for their own home, as well as accumulating equities, bank accounts and other financial instruments).

In addition, broad measures of saving have remained positive, and household wealth — assets such as stocks and homes, less debt — is on the rise.

Yes, of course it can, if the household savings rate declines, but as China's economy slows and as concerns about debt rise, it seems to me a tad optimistic to assume that the household savings rate will decline sharply.

Updated as of January 2018, the most recent U.S. Student Loan debt statistics are outlined showing 44 million Americans now hold over $ 1.48 Trillion in Student Debt, the second largest source of household ddebt statistics are outlined showing 44 million Americans now hold over $ 1.48 Trillion in Student Debt, the second largest source of household dDebt, the second largest source of household debtdebt.

But closing down unnecessary capacity can pay for itself, even if unemployed workers are temporarily put on the government payroll (causing debt to rise, but usually by less than it had before), but only temporarily as Beijing takes other measures to boost household income through wealth transfers from the state and so to boost consumption, a form of demand which is likely to be more labor intensive than the demand created in the process of over-capacity.

As of June 2017, the average credit card debt for these households is $ 10,955.