Household Debt Ratio in Canada Climbs on Renewed Borrowing

The ratio of household debt to disposable income rebounded in the third quarter as borrowing increased, while a key metric of financial pressure also ticked back up.

Household credit market debt rose to 170.7% of disposable income on a seasonably adjusted basis in the third quarter, from a revised 162.8% previously, Statistics Canada said Friday in Ottawa. That’s after mortgage borrowing rose to a new high, while household disposable income decreased, the agency said.