Sentences with phrase «of household debt continues»

But the level of household debt continues to rise, hitting 171.1 per cent of disposable income in the third quarter.

Not exact matches

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.

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.

Vulnerabilities linked to greater imbalances in regional housing markets and the continued rise of household debt were higher than they were six months ago, the bank said in its latest financial system review.

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

The central bank noted in its statement that «financial vulnerabilities in the household sector continue to edge higher,» which is the Governing Council's way of saying that ultra-low borrowing costs continue to put upward pressure on asset prices and personal debt.

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.

He says the higher rates have helped keep the accumulation of household debt lower than it otherwise would have been had Canada continued with government belt - tightening approaches of the past.

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.

It sounds tempting — especially with the Bank of Canada warning last week that household debt continues to grow at dangerous speeds in this country.

However, I suspect that spending by the average household, strapped with a record level of debt, will continue to contract — especially spending on discretionary items.

«Major declines in house prices and the continuing high level of unemployment are reflected in the various measures of household debt and credit.

On the other side of the household balance sheet, the debt of the household sector has continued to grow rapidly, increasing by 14 1/2 per cent over the year to March.

We believe the main factor that drove the most significant bull market in U.S. stock market history (household debt that enabled unrestricted consumption of everything from goods and services to homes) will reverse and continue the deleveraging process that will more than likely continue for a very long time.

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?

The Blair / Brown economic legacy was one of under - investment in key infrastructure, notably transport and energy; a continuing decline in manufacturing contributing to a structural balance of payments deficit; an accelerating regional economic divide; and a speculative property and construction boom financing public and private consumption through highly leveraged government and household debt.

Also at 11 a.m., Westchester County Executive Rob Astorino will «break news about... the continuing refusal» of his Democratic opponent, Sen. George Latimer, to pay his household tax debts, 148 Martine Ave., White Plains.

At nearly $ 1.4 trillion in loans outstanding, student debt is now the second - largest source of household debt (after housing) and is the only form of consumer debt that continued to grow in the wake of the Great Recession.

The amount of credit card debt per household in the United States is $ 7,000 to $ 16,000 per household, according to the Simple Dollar, and it continues to skyrocket.

This is the seventh year in a row that debt repayment topped the list of financial priorities, yet household debt continues to rise.

But this was the seventh year in a row that debt repayment topped the list of financial priorities and yet household debt continues to rise.

The budget office also noted that indebtedness has continued to edge higher in Canada, which has seen the largest increase in household debt relative to income of any G7 country since 2000.

It also predicted the recent tightening of financing rules for real estate would help slow the continued rise in Canadian household debt.

Still, the Bank of Canada has described the country's mounting household debt level as the most important vulnerability in the financial system's armour — and this susceptibility has continued to grow.

Generation X'ers are the most heavily indebted generation in U.S. history, although millennials top the list in terms of student loan debt, as education costs continue to increase much faster than household income.

Poloz then specified that these uncertainties comprise: inflation, the degree of excess capacity, continued softness in wage growth, and the elevated level of household debt.

The Bank of Canada has concerns about the ability of households to keep paying down their high levels of debt when interest rates continue their...

And today's young adults are getting into trouble with borrowing money for college at unprecedented rates: In a February 2013 analysis on student debt, Federal Reserve Bank of New York economist Donghoon Lee said, «Student debt is the only kind of household debt that continued to rise through the Great Recession.»

According to the Deputy Chief Economist of Bank of Montreal, Mr. Doug Porter, «The Bank of Canada will be raising rates before the economy reaches full potential, sometime in the first half of 2013 because it is clearly uncomfortable with the idea of keeping interest rates below inflation when household debt continues to grind higher.»

«I will continue to act to ensure that household debt levels are sustainable, that lenders are acting prudently and that increases in interest rates or a housing market downturn don't risk the economic growth we are working so hard to accelerate,» Morneau said in a speech to the Toronto Region Board of Trade.

'' Student debt is the only kind of household debt that continued to rise through the Great Recession and has now the second largest balance after mortgage debt.»

The Bank highlighted that household debt ratios will continue to rise, but these will be mitigated over time by the announced changes to housing finance rules.Even before the unanticipated rise in mortgage rates in October, the Bank revised down its economic forecast in large measure because of the federal government's new initiatives «to promote stability in Canada's housing market».

«In line with past reports, the Bank of Canada continues to identify elevated household debt and overvaluation in the housing market as the biggest risks to the financial system.»

However, U.S. consumers continued to increase savings and reduce household debt in the face of negative wealth effects.

In general, the respondents expect the quality of household debt to strengthen with residential mortgages continuing to report the greatest improvements in loan quality.