News

Published March 13, 2024

Households owed $1.79 for every dollar of disposable income in Q4: Statistics Canada

Statistics Canada says seasonally-adjusted household credit market debt as a proportion of household disposable income dropped for the third quarter in row recently. A Canadian dollar coin is pictured in Vancouver on Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward

Statistics Canada says households owed $1.79 in credit market debt on average for every dollar of disposable income in the fourth quarter.

The federal agency says seasonally-adjusted household credit market debt as a proportion of household disposable income fell for the third quarter in row.

The figure dipped to 178.7 per cent in the fourth quarter from 179.2 per cent in the third quarter.

It says disposable income outpaced growth in credit market debt because of relatively slow mortgage borrowing in the fourth quarter.

StatCan also noted households were wealthier in the fourth quarter.

The agency says total household net worth increased almost two per cent to $16.4 trillion, driven largely by strength in financial markets as both bonds and equities rallied.

What do you think of this article?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
Advertisement
Advertisement
Advertisement

Have a breaking story?

Share it with us!
Share Your Story

What Barrie's talking about!

From breaking news to the best slice of pizza in town! Get everything Barrie’s talking about delivered right to your inbox every day. Don’t worry, we won’t spam you. We promise :)
Subscription Form
Consent Info

By submitting this form, you are consenting to receive marketing emails from: Central Ontario Broadcasting, 431 Huronia Rd, Barrie, Ontario, CA, https://www.cobroadcasting.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Related Stories

Advertisement
Advertisement