Sentences with phrase «rising consumer debt levels»

Even though the bank card rate at 3.11 % is 61 basis points above its recent low while the other default rates are within a few basis points of the low, there is little reason to be concerned over rising consumer debt levels.

Not exact matches

Despite rising debt levels and increasing home prices, Canadians continue to allocate less income toward paying off debt, according to the Canadian Household Financial Health and Consumer Credit Q1 2015 report [paywall] recently published by credit rating agency DBRS.

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.

Indeed, according to the latest readings, consumer credit card debt is rising, and once again it's reaching unsustainable levels.

The stagnation of wages among low - and middle - income families and rising costs, of housing in particular, has led to record levels of consumer debt.

MS: Consumer debt levels keep rising and people keep warning that Canadians are going to feel the pinch.

While consumer debt levels are rising nationally, there are a few cities bucking the trend.

«High and rising household debt - to - income levels leave both borrowers and lenders vulnerable to an economic downturn, despite strong consumer credit quality metrics to date,» reads the report.

The lower rates came at a time when Ottawa is trying to warn consumers against taking on too much debt, worried that household debt levels across the country are rising too quickly.

Consumer debt levels have risen dramatically in recent years and one of the cohorts most at - risk are pre-retirement seniors.

As consumer debt has risen to historic levels, a growing number of for - profit debt settlement companies have emerged.

Rising affluence and rising debt have become almost indistinguishable, as year - over-year consumers embrace higher levels of debt together with lower levels of saRising affluence and rising debt have become almost indistinguishable, as year - over-year consumers embrace higher levels of debt together with lower levels of sarising debt have become almost indistinguishable, as year - over-year consumers embrace higher levels of debt together with lower levels of savings.