Canada Household Debt Reaches Another Record High

Canadian households continue to get into deeper debt, but the most recent data also offers a bit of a respite credit accumulation is slowing

Canadian households continue to get into deeper debt, but the most recent data also offers a bit of a respite credit accumulation is slowing and there's evidence the Bank of Canada is correct in saying the problem appears to be stabilizing.

A Statistics Canada report Friday calculates the average household owed a record $164.97 in market debt for every $100 of disposable, after-tax income they earned in the fourth quarter of 2012 slightly more than the previous high of $164.7 in the prior three months.

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