Pursuits
Canada Household Debt Ratio Hovers Near Record as Wealth Gains
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Canadian households kept debt at almost record levels in the first quarter, even as they benefit from rising asset values that saw their net worth rise to new highs.
Credit-market debt including mortgages, consumer credit and non-mortgage loans was 163.3 percent of disposable income in the three-month period, compared with a revised record 163.6 percent in the fourth quarter, Statistics Canada said Friday in Ottawa. Household net worth rose 3.4% in C$8.65 trillion.