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Canada household debt/income ratio continues to edge lower
OTTAWA (Reuters) - The ratio of Canadian household debt to income edged down further in the first quarter from the record high it hit last year, buttressing policymakers' expectations that a soft landing is in store for the housing market and family indebtedness.
Statistics Canada reported on Thursday a ratio of 163.2 percent in the first quarter. The ratio reached a record high of 164.1 percent in the third quarter of last year, and dipped to 163.9 percent in the fourth quarter.
Read the full article here.
OTTAWA (Reuters) - The ratio of Canadian household debt to income edged down further in the first quarter from the record high it hit last year, buttressing policymakers' expectations that a soft landing is in store for the housing market and family indebtedness.
Statistics Canada reported on Thursday a ratio of 163.2 percent in the first quarter. The ratio reached a record high of 164.1 percent in the third quarter of last year, and dipped to 163.9 percent in the fourth quarter.
Read the full article here.