Sentences with phrase «debt hit a record high»

Card debt hit a record high, while credit scores reached their highest point in a decade, as consumers loosen the purse strings.

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.

Not exact matches

Outstanding revolving balances — largely credit card debt — again hit a record high in January, while student and auto loan debt grew by 5.6 %.

This mostly explains the why credit card debt hits a new record high every month now.

With the Spanish banking sector's bad - debt ratio hitting a record 6.5 % in May, a 16 - year high, stress test results brought few surprises and highlighted the need for further sector consolidation.

Household debt continues to hit record highs, with Canadians owing $ 1.67 for every dollar of disposable income they earned at the end of the third quarter of 2016.

Statistics Canada in March reported that the country's average household debt - to - income ratio hit a record - high 167.3 per cent.

According to the Institute of International Finance (IIF), China's household debt - to - GDP ratio hit a record high of 45 % + in the first quarter of this year.

Just last year, Canada's household debt burden hit record highs, and holiday spending was up another 8 percent.

Household debt continues to hit record highs, with Canadians owing $ 1.67 for every dollar of disposable income they earned at the end of the third quarter of 2016.