A person uses a credit card at a store in this file photo. Samira Bouaou/The Epoch Times
The amount of debt Canadians carry as a percentage of their disposable income grew for a fifth straight quarter at the end of last year, Statistics Canada says.
The household credit market debt-to-income ratio rose to 177.2 percent in the fourth quarter on a seasonally adjusted basis, StatCan said in a March 16 report. The ratio measures outstanding household debt—primarily mortgages, consumer credit, and non-mortgage loans—as a percentage of disposable income.
