Sentences with phrase «household debt piling»

However, Porter says the record levels of household debt piling up in Canada, like in many industrial - world economies, does suggest it will be tougher for the country to grow as quickly as it has in the past.

Bill Robson, president of the C.D. Howe Institute, a public policy think - tank, said one of the greatest challenges for the middle class is saving more for retirement at the same time wages aren't growing nearly as fast and household debt piles up.

Not exact matches

Prices had doubled in a short period, households were piling on debt and the market showed no signs of slowing down.

But that pain today would arguably be less severe than if rates go up years from now, when households have piled on even more debt.

The Bank of Canada, for one, has carefully assessed the economic risks of consumer debt in order to determine how quickly it can raise interest rates without piling on too many debt - servicing costs for over-stretched households.

A long period of lacklustre wage growth suggests the only way households can satisfy their spending habits is to keep adding to Canada's record pile of private debt.

That's slower than inflation, and nowhere near fast enough to get ahead of all the debt Canadian households have piled up in recent years.

One recent study found that Canadian households and companies are piling up debt faster than any other developed nation in the world, adding $ 1 trillion since 2011.

If the pace of home price appreciation slows down — or worse, prices drop — there will be consequences for households that have been piling on debt.

It's a myth that households are piling up too much debt and heading for disaster, says a new study by RBC Financial Group.