Sentences with phrase «record debt burdens»

As everyone knows by now, Canadian households are carrying record debt burdens.

Not exact matches

Poloz's press conference followed the release of the central bank's December Financial System Review, which concluded that a record household debt burden makes Canada vulnerable to a housing crash, although policy makers see little reason to think that will happen.

The house - price bubble, combined with record levels of household debt, represent the biggest threat facing the Canadian economy; the sooner real - estate markets mellow and Canadians lower their debt burdens, the better.

Canada recorded the lowest debt burden at 37.8 %, roughly the same as in 1988.

It is difficult to understand why the record burden of consumer debt will be impervious to a rising unemployment rate, particularly when companies are facing a substantial acceleration in wage inflation in recent months as they try to shore up profit margins - making substantial new layoffs inevitable.

Canadians have a debt problem — the key measure of a consumer's debt burden now stands at a record level — which is why Finance Minister Jim Flaherty and Mr. Poloz's predecessor Mark Carney urged households for months to put a lid on it.

The recent Albertan NDP budget has further diminished any incentive, by moving further down the path towards government reliance that eliminates opportunity, as the burden of Alberta's record debt mounts.

«The choice for Republicans is clear: they can keep Richard Hanna, who votes to raise taxes, to extend U.S. debt to economically dangerous levels by voting with Obama, Reid and Pelosi to raise the debt ceiling while bankrupting our nation, or they can choose a commonsense Republican like me who has a proven record of voting to reduce taxes, voting against the implementation of Obamacare in New York, votes against funding an illegal database (including ammunition database) against legal gun owners, voting against increasing our debt ceiling in New York and supports countless initiatives to reduce the burdens of government red tape on individuals and small businesses, including family farms,» Tenney said.

Grimm's also lifted his other huge financial burden — $ 421,788 in outstanding debts owed by his campaign as of mid-July, records showed.

While only in Congress for two years, Brendan Boyle (D) is on record saying, «I personally understand the burden of student loan debt, and I am fully committed to addressing this crisis.»

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

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.

If you have blemishes on your credit record because of your overwhelming debt burden, these programs are more than likely out of reach.

«A Record One - in - Five Households Now Owe Student Loan Debt: Burden Greatest on Young, Poor.»

Once you have paid your debt to society you will still be burdened with a criminal record.

Once you have paid your debt to society you will still be forced to live with the burden of a criminal record, which will affect every aspect of your life.

Moreover, household debt service burdens are as low as they have been in the nearly 50 years since the data has been collected, and households have locked in the record - low interest rates after repeated opportunities to refinance their mortgages.

Stronger job growth, record low debt service burdens, lower gas prices and increasing home values are supporting increased consumer spending.