Sentences with phrase «levels of household debt change»

Not exact matches

Previously, the Bank of Canada hinted it might raise rates to curb the borrowing binge, but in March it abruptly changed tack by affirming the household debt - to - income ratio is «stabilizing near current levels.»

However, this is changing, and the increase in the level of household debt over the past decade is a major shift, with significant knock - on implications for consumption.

In a country where consumers have grown accustomed to low rates, and where households are burdened with record levels of debt relative to income, this kind of change is worth noting.