Household Debt

• Bank of Canada says households struggling, economy vulnerable to shocks

  The global economy is 'volatile' and 'vulnerabilities' exist that could expose Canada to potential shocks on multiple fronts, the central bank's report says.

  Economy

  May 28
  
• 3 in 5 British Columbians concerned about repaying debt, despite interest rate cuts: poll

  Sixty-seven per cent of those polled by Ipsos, on behalf of MNP, said they desperately need interest rates to go down, despite two consecutive interest rate pauses.

  Economy

  Jul 14, 2025
  
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• Stock market rally made Canadian households wealthier in Q4, StatCan says

  Statistics Canada says households owed $1.79 in credit market debt on average for every dollar of disposable income in the fourth quarter.

  Money

  Mar 13, 2024
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• More than half of Canadians $200 away or less from missing bill payments: MNP  

  Just over half of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month amid higher interest rates and inflation.

  Money

  Jul 10, 2023
• Canada has the highest household debt level in G7, housing agency warns

  Canada's housing agency says the country has the highest level of household debt in the G7, making its economy vulnerable to a global economic crisis.

  Money

  May 23, 2023
• Canadian households added more debt in the third quarter: Statistics Canada

  There was $1.83 in credit market debt for every dollar of household disposable income in the third quarter of 2022, Statistics Canada says.

  Money

  Dec 12, 2022
• High home prices, debt levels could ‘accelerate’ economic downturn, Macklem warns

  Bank of Canada governor Tiff Macklem said the high amount of debt Canadians have tied up in the housing market is a 'vulnerability' as the economy begins to slow.

  Economy

  Nov 10, 2022
• Canadian debt grew faster than earnings in second quarter: Statistics Canada

  Statistics Canada says, on a seasonally adjusted basis, households added $56.3 billion of debt in the second quarter including $48.7 billion in mortgages.

  Canada

  Sep 12, 2022
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• Rising interest rates, high household debt to spur ‘payment shock’ for Canadians

  Variable-rate debt is getting more expensive to carry as the Bank of Canadas hikes its benchmark interest rate, which could lead to financial pain for heavily indebted households.

  Money

  Sep 7, 2022
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• What would you do with $5,000? Here’s what Canadians said amid high inflation

  Most Canadians are more concerned with saving and paying down debt amid rising interest rates and inflation than buying a big-ticket item, new polling shows.

  Money

  Aug 22, 2022