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Canada Q2 household debt-to-income ratio rises, hits new record

Credit: REUTERS/MARK BLINCH

September 13, 2019 — 08:30 am EDT

Written by Reuters ->

Sept 13 (Reuters) - The ratio of Canadian household debt-to-income widened to a record 174.1% in the second quarter from a downwardly revised 172.8% in the first quarter, Statistics Canada said on Friday.

National net worth rose by 2.0% in the second quarter to C$12.38 trillion ($9.36 trillion), while national net worth increased to C$329,508 on a per capita basis.

($1=$1.3227 Canadian) (Reporting by Dale Smith)

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