Sentences with phrase «household debt climbed»

Last year, the total amount of household debt climbed at the fastest pace in more than a decade.

Not exact matches

By borrowing: the country's household debt to personal disposable income ratio has climbed to a record high of 152.98 %, according to Statistics Canada.

Loan delinquency climbed to 11.2 percent in the last quarter of 2016, the highest rate for all types of household debt.

According to Statistics Canada, total payments on debt made by Canadian households rose 6.7 per cent in the fourth quarter from a year earlier, and the interest - paid component climbed 9.2 per cent.

Report to CMHC warns steady climb of household debt - to - GDP level puts Canada's economic growth prospects at risk

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

The presentation contained a warning: the steady climb of the household debt - to - GDP level had put Canada's long - term economic growth prospects at risk.

With interest rates on the rise, Moody's notes that mortgage - servicing costs are likely to climb because nearly half of outstanding mortgages are due for interest rate renewals within a year, adding further strain on households» debt - servicing capacity.

The average household with credit card debt continues to climb.

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.