Canadian Household Debt

CP

It's in Every Canadian's Best Interest for the Middle Class to Grow

The fact is that nearly nine out of 10 Canadians believe the cost of living is outpacing their household income. Our economy has more than doubled in size since 1980, but median incomes have flat lined. Household debt has ballooned to over 163 per cent of disposable income. As Liberals, we believe a strong economy is one that provides the largest number of good jobs to the largest number of Canadians. But by that measure, we are in trouble. Canadians continue to work hard, but the majority of them are finding it tougher and tougher to get by.
Getty Images

More Debt? No Problem

TORONTO - Canadians are carrying more debt now than a year ago, but it seems like many have a better handle on paying it back, says a newly-released study.Statistics from credit monitoring firm Equifa...
Getty

We've Never Owed So Much

OTTAWA — Canadian household debt climbed to a new high in the second quarter, turning around after creeping lower for two quarters, according to Statistics Canada. Statistics Canada said Friday the ra...
Getty Images

How Your Going Broke Could Break Canada

In a country that prides itself on its social safety net, one could argue that the current personal debt story is really a story of an endangered future for the things we hold dear as a society. Will debt-ridden Canadians be supportive at election time of paying more in taxes to maintain universal health care?
CP

Forever In Debt

TORONTO — As Canadian officials issue repeated warnings about the perils of overborrowing amid troubling consumer debt levels, one quarter of respondents to a new poll say they will carry their existi...