Sentences with phrase «record high debt»

Behind Door # 1, public corporations with record high debt loads will be rolling over obligations and «refinancing» them at higher borrowing terms.

Bank of Canada Governor Mark Carney has repeatedly warned Canadians to simmer down on their borrowing costs — but that hasn't stopped us from racking up a new 8 - year record high debt level.

Record High Debt The most recent number for global debt is at $ 233 trillion, and about $ 63 trillion of that is central government debt.

Canadians took on a record high debt load during the post-recession housing boom, taking advantage of five years of ultra-low rates.

Not exact matches

And while most emerging market debt continues to be issued in local currencies, the IIF said that foreign currency denominated debt issued in these nations swelled by $ 800 billion last year to a record high of $ 8.3 trillion.

While Canada's record high household debt makes the economy more vulnerable, the bank's cautious approach is helping to manage the risks, Poloz said.

According to the Institute of International Finance (IIF), global debt levels rose by a further $ 21 trillion last year (US dollars), leaving total outstanding debt at $ US237 trillion, the highest level on record.

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.

On the other hand, leaving the interest rate low encourages the kind of borrowing and spending that has produced record - high levels of consumer debt in Canada and pushed housing prices into the stratosphere.

Card debt hit a record high, while credit scores reached their highest point in a decade, as consumers loosen the purse strings.

In its latest statement, it said «household vulnerabilities have moved higher,» which is how policy makers describe the troubling nexus between excessive housing prices in many cities and record levels of household debt.

The record high levels of consumer debt among Canadians has also raised a red flag from Bank of Canada governor Mark Carney and others who have warned that interest rates will rise at some point — raising the cost of borrowing.

Seven years on, their collective real debt is the highest recorded since the 1830s — even higher than the peaks reached to finance the first and second World Wars.

An August Trans - Union report revealed that Canadians hold, on average, $ 26,221 in non-mortgage debt, the highest debt levels the credit - rating firm has ever recorded.

With the rate of home ownership now close to 70 %, and with household debt at a record high, much of the financial health of Canadian households is inextricably linked to home values, making it the kind of dominant concern that not only affects household finances, but consumer psychology and confidence.

In the third quarter, the ratio of household debt to disposable income rose to another record high of 165 %, nearing the peak of U.S. borrowing prior to the financial crisis.

In Canada, household debt has reached an average that's approaching 150 % of disposable income, a record high.

Any number of shocks could send Canada's house of cards tumbling, the bank says, particularly higher borrowing costs that pinches households already carrying record high levels of debt.

Debt service costs have risen to 15 percent of GDP — just short of record highs — according to CLSA.

Currently at record high levels, BCHP funding will increase debt for many home buyers who take advantage of this program, as it will serve as a second mortgage owed to the British Columbia Housing Management Corporation.

I believe that Canada's high house prices in relation to incomes, combined with record household debt levels and overinvestment in residential construction, will cause a severe correction in the real estate market.

The cheap loans helped propel property values to record highs in big cities such as New York and San Francisco, alleviating concerns about the mountain of debt coming due.

Indeed, as you can see below, median corporate leverage among the largest U.S. companies is nearing a record high as measured by debt - to EBITDA (earnings before interest, taxes, depreciation and amortization).

President Trump is beginning his presidency facing a challenging fiscal situation, with near record - high debt and deficits expected to rise substantially.

Record - high world debt stocks make various economic actors more vulnerable, motivating greater savings as a buffer against future shocks.

Outstanding revolving balances — largely credit card debt — again hit a record high in January, while student and auto loan debt grew by 5.6 %.

Based on the huge jump in credit card debt to an all - time high and the decline in the savings rate to a record low in Q4 2017, it's most likely that the average consumer «pre-spent» the anticipated gain from Trump's tax cut.

This mostly explains the why credit card debt hits a new record high every month now.

Millions of people can see at least some of the major signs, such as the collapse of interest rates, record high number of people not counted in the workforce, and debt rising from already - unpayable levels at an accelerating rate.

«He doesn't want to leave any question about the independence of the Governor of the Bank of Canada, but we have a situation under the Conservative government that has allowed record household debt... and the bank is really caught between a rock and a hard place, because these high debt levels create pressure for higher interest rates, but inflation is very low.

It is wishful thinking to imagine that the most extreme economic, debt and investment bubble in history was corrected by a mild economic downturn, a market decline that leaves stocks at 21 times peak earnings (higher than at the 1929 and 1987 peaks), and just a few large - scale defaults from a corporate debt position which continues to claim a record share of operating earnings to finance.

Global monetary policy remains broadly accommodative — and in some areas more and more so — propelling equity markets ever higher and leaving a record amount of sovereign debt around the world (almost US$ 12 trillion by midyear) yielding at or below zero (source: Fitch Ratings, as of 6/29/2016).

The volume of global high - yield corporate debt rose 19 % to $ 462 billion in 2013, the strongest volume since record keeping began in 1980, according to Thomson Reuters.

But because the equities market is at such high levels with a record margin debt, this combination along with the shift in investor sentiment could lead to a significant and dramatic sell - off.

With the Spanish banking sector's bad - debt ratio hitting a record 6.5 % in May, a 16 - year high, stress test results brought few surprises and highlighted the need for further sector consolidation.

Household debt continues to hit record highs, with Canadians owing $ 1.67 for every dollar of disposable income they earned at the end of the third quarter of 2016.

That will change soon, if Poloz can shake off some of the concerns that, as he acknowledged in a speech last week, keep him «awake at night» — such as record - high home prices and household debt, lagging youth employment and cyber threats that could disrupt Canada's financial system.

The notorious debt - to - income ratio, at a record high, has been cited time and again by Finance Minister Flaherty and Carney as a sign consumers have taken on too much debt.

As of January 2018, China held $ 1.168 trillion in American debt, more than a $ 100 billion increase since the same time last year, but down about 11 percent from the record high above $ 1.3 trillion in late 2013.

Low oil prices have taken their toll on an already weak Canadian economy, where household debt levels are at record highs and business investment continues to lag.

After all, the debt - to - income ratio of Canadians is at a record high, close to the levels experienced in the United States before its market crashed, and home ownership is at nearly 70 $, also a record and five points more than its neighbours to the south.

The Canadian consumer, meanwhile, might be benefiting from somewhat cheaper gasoline, but their spending capacity is stretched thanks to a record high level of household debt.

It should be given very a high attention that in July 2007, after the debt / US GDP NYSE margin reached its pre-financial crisis high, the S&P 500 just three months later had reached its bull market record monthly close, and after the debt / US GDP NYSE margin in March of 2000 had reach the dot - com bubble peak, the S&P 500 after just 5 months in August of 2000 had reached its secular bull market record monthly close.

In a seven page report released Friday, Beata Caranci says the need for financial literacy has never been higher because of record low interest rates and household debt growing faster than income, something the millennial population seems unprepared to deal with.

These low rates have encouraged investors in recent months to pile on risk, taking U.S. equities markets to record highs earlier this year despite an economy that's still being slowed by relatively high unemployment, huge debt levels, and tighter government spending.

Meanwhile, corporate debt remains at record highs while default rates have been at sustained lows — «something's got ta give,» S&P wrote in a report earlier this month.

Government debt is already approaching 106 percent of GDP, a record high with the exception of a brief period during World War II.

But now is exactly the wrong time to borrow more money — with debt at a post-war record high and the economy in a healthy position, deficit reduction is needed.

They failed to take credit or make the case for the economic upturn, and how their policies have much to do with lower unemployment (5.8 %), significant debt reduction, healthy corporate balance sheets, greater financial stability (Dodds - Frank), record stock market numbers, as well as reducing the gap between high earners and the middle class through Obamacare and reducing the Bush tax cuts.

Business debt last year reached a record high relative to GDP.