Friday, November 13, 2020

Household Debt In Canada Climbs Sharply

 


Household debt to GDP made a sharp climb, as households borrowed while GDP fell. The ratio reached 115% in Q2 2020, up from 101% the previous quarter. The same quarter last year came in at 97%. Even last year’s level is very, very high. However, it’s dwarfed by the increase over the past few months.

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